Worth reading
58In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-33.1
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 October 2025 to 30 September 2026ConsolidatedJapanese GAAPNet Sales82,563¥ millionYear on year +5.9%Progress 98.9%
Operating profit4,718¥ millionYear on year -33.1%Progress 87.4%
Ordinary income5,679¥ millionYear on year -26.4%Progress 97.9%
Net income attributable to owners of the parent3,524¥ millionYear on year -22.2%Progress 82.0%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥240.42
Operating Margin5.7%
Financial position at period-end
Total assets103,822¥ million
of which net assets 71,724 ¥ millionEquity ratio 69.1%vs. prior year-end +3.7pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+3,448
Investment-3,761
Financials-1,925
Net change-2,238
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥29,770 million
Regional sales
Japan14,74513.3%
The Americas21,08919.1%
Of which, the United States18,54416.8%
Europe32,21029.1%
Of which: Germany9,4138.5%
Asia and other14,51813.1%
Segment revenuePowder-related business ¥61,542 million (YoY +5.0%), Plastic thin-film-related business ¥21,020 million (YoY +8.5%)
Segment profitPowder-related business ¥4,866 million (YoY -24.6%), Plastic thin-film-related business ¥1,460 million (YoY -31.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥83,500 million (YoY +1.1%)
Operating profit¥5,400 million (YoY +14.4%)
Ordinary income¥5,800 million (YoY +2.1%)
Net income¥4,300 million (YoY +22.0%)
Annual Dividend Forecast¥140 → ¥150（+7.1%）
Payout ratio58.2% (actual for the fiscal year ended September 2026), 51.2% (forecast for the fiscal year ending September 2027)
Factors Behind Changes in Business Performance
Although orders and revenue in yen terms increased due to the weaker yen, sales stagnated in Europe, particularly Germany, and profitability deteriorated because of lower factory utilization. Special losses associated with business structural reforms in Europe also reduced profit.
Disclosure regarding the going concern assumption
No applicable items. “There are no applicable items.”
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationAdded: 0 companies; excluded: 0 companies
Material subsequent eventsNone applicable
Impairment loss¥0 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets ¥1 million, Insurance proceeds received ¥21 million / Extraordinary loss Loss on disposal and sale of fixed assets ¥55 million, Costs related to system outage response ¥22 million, Business structure improvement expenses ¥687 million, Losses associated with system development ¥36 million
Depreciation and amortization¥2,666 million
Orders received and order backlogOrders received ¥78,928 million / Order backlog ¥41,952 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (対象者：Not disclosed)
Issued Shares at Period-End15,730,538 shares
Treasury Shares at Period-End1,067,213 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025 to 30 September 2026 |
| Net Sales | ¥82,563 million (YoY +5.9%) |
| Operating profit | ¥4,718 million (YoY -33.1%) |
| Ordinary income | ¥5,679 million (YoY -26.4%) |
| Profit attributable to owners of the parent | ¥3,524 million (YoY -22.2%) |
| Net income per share | ¥240.42 |
| Operating Margin | 5.7% |
| Equity ratio | End of the current fiscal period 69.1% / End of previous period 65.4% |
| Total assets | ¥103,822 million |
| Net assets | ¥71,724 million |
| Cash flows from operating activities | ¥3,448 million |
| Cash flows from investing activities | ¥-3,761 million |
| Cash flows from financing activities | ¥-1,925 million |
| Cash and cash equivalents at end of period | ¥29,770 million |
| Full-year earnings forecast | Net Sales ¥83,500 million (YoY +1.1%) / Operating profit ¥5,400 million (YoY +14.4%) / Ordinary income ¥5,800 million (YoY +2.1%) / Net income ¥4,300 million (YoY +22.0%) |
| Annual Dividend Forecast | ¥140 → ¥150（+7.1%） |
| Payout ratio | 58.2% (actual for the fiscal year ended September 2026), 51.2% (forecast for the fiscal year ending September 2027) |
| Segment revenue | Powder-related business ¥61,542 million (YoY +5.0%), Plastic thin-film-related business ¥21,020 million (YoY +8.5%) |
| Segment profit | Powder-related business ¥4,866 million (YoY -24.6%), Plastic thin-film-related business ¥1,460 million (YoY -31.2%) |
| Regional sales | Japan ¥14,745 million / The Americas ¥21,089 million / Of which, the United States ¥18,544 million / Europe ¥32,210 million / Of which: Germany ¥9,413 million / Asia and other ¥14,518 million |
| Orders received and order backlog | Orders received ¥78,928 million / Order backlog ¥41,952 million |
| Depreciation and amortization | ¥2,666 million |
| Impairment loss | ¥0 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of fixed assets ¥1 million, Insurance proceeds received ¥21 million / Extraordinary loss Loss on disposal and sale of fixed assets ¥55 million, Costs related to system outage response ¥22 million, Business structure improvement expenses ¥687 million, Losses associated with system development ¥36 million |
| Disclosure regarding the going concern assumption | No applicable items. “There are no applicable items.” |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | Added: 0 companies; excluded: 0 companies |
| Material subsequent events | None applicable |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Yes (対象者：Not disclosed) |
| Issued Shares at Period-End | 15,730,538 shares |
| Treasury Shares at Period-End | 1,067,213 shares |
| Factors Behind Changes in Business Performance | Although orders and revenue in yen terms increased due to the weaker yen, sales stagnated in Europe, particularly Germany, and profitability deteriorated because of lower factory utilization. Special losses associated with business structural reforms in Europe also reduced profit. |
Items this document does not state (2)
Revision to Earnings ForecastShareholder Return Policy
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Delays in investment decisions continued because of U.S. trade policy, the downturn in German manufacturing and higher crude oil and resin prices. Although the weaker yen increased revenue, sales stagnated in Europe, particularly Germany, and profitability deteriorated because of lower factory utilization. Special losses associated with business structural reforms in Europe also reduced profit.
How to read this page
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