Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
153.6
% (year-on-year increase in net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales148,954¥ millionYear on year +7.0%Progress 98.0%
Operating profit9,842¥ millionYear on year +10.4%Progress 89.5%
Ordinary income10,987¥ millionYear on year +7.2%Progress 93.9%
Net income attributable to owners of the parent16,910¥ millionYear on year +153.6%
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¥412.69
Operating Margin6.6
Financial position at period-end
Total assets203,021¥ million
of which net assets 117,466 ¥ millionEquity ratio 48.4%vs. prior year-end 0.0pt
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+5,161
Investment+27,168
Financials-21,638
Net change+10,691
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¥38,166 million
Segment revenueWater Environment Business ¥98,578 million (YoY +6.4%), Industrial Business ¥49,735 million (YoY +10.0%), Other ¥640 million (YoY -52.1%)
Segment profitWater Environment Business ¥5,805 million (YoY -5.4%), Industrial Business ¥4,148 million (YoY +95.5%), Other ¥-137 million
Regional sales¥137,937 million, ¥8,730 million, ¥2,286 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥152,000 million (YoY +2.0%)
Operating profit¥11,000 million (YoY +11.8%)
Ordinary income¥11,700 million (YoY +6.5%)
Profit attributable to owners of the parent¥8,500 million (YoY -49.7%)
Annual Dividend Forecast¥78 → ¥88（+12.8%）
Payout ratioFiscal year ending March 2026 20.6 % / Forecast for the fiscal year ending March 2027 41 %
Factors Behind Changes in Business Performance
In the Water Environment Business, order intake declined as the business was between large-scale projects, while demand for facility upgrades and expansions remained firm. In the Industrial Business, revenue and income increased due to sales activities for facilities and equipment, efforts to strengthen the competitiveness of microparticle manufacturing technology, and enhanced after-sales services. Net income attributable to owners of the parent increased sharply due to higher extraordinary income, including gains on the sale of non-current assets and investment securities.
Disclosure regarding the going concern assumption
Not applicable.
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 consolidationNew Number of companies 1 / Company name つばめ・やひこウォーターサービス株式会社 / Excluded Number of companies 1 / Company name 月島機械（北京）有限公司
Material subsequent eventsNot applicable.
Impairment loss¥180 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on liquidation of affiliates ¥121 million, Gain on sale of non-current assets ¥12,032 million, Gain on sale of investment securities ¥3,314 million, Insurance proceeds received ¥151 million / Extraordinary loss Impairment Losses ¥180 million, Loss on disposal and sale of non-current assets ¥187 million, Losses from natural disasters ¥145 million
Depreciation and amortization¥3,285 million
Orders received and order backlogOrders received ¥154,201 million / Order backlog ¥323,517 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Web briefing for institutional investors and securities analysts
Issued Shares at Period-End40,125,800 Shares
Treasury Shares at Period-End565,610 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥148,954 million (YoY +7.0%) |
| Operating profit | ¥9,842 million (YoY +10.4%) |
| Ordinary income | ¥10,987 million (YoY +7.2%) |
| Profit attributable to owners of the parent | ¥16,910 million (YoY +153.6%) |
| Net income per share | ¥412.69 |
| Operating Margin | 6.6 |
| Equity ratio | End of the current fiscal period 48.4 % / End of previous period 48.4 % |
| Total assets | ¥203,021 million |
| Net assets | ¥117,466 million |
| Cash flows from operating activities | ¥5,161 million |
| Cash flows from investing activities | ¥27,168 million |
| Cash flows from financing activities | ¥-21,638 million |
| Cash and cash equivalents at end of period | ¥38,166 million |
| Full-year earnings forecast | Net Sales ¥152,000 million (YoY +2.0%) / Operating profit ¥11,000 million (YoY +11.8%) / Ordinary income ¥11,700 million (YoY +6.5%) / Profit attributable to owners of the parent ¥8,500 million (YoY -49.7%) |
| Annual Dividend Forecast | ¥78 → ¥88（+12.8%） |
| Payout ratio | Fiscal year ending March 2026 20.6 % / Forecast for the fiscal year ending March 2027 41 % |
| Segment revenue | Water Environment Business ¥98,578 million (YoY +6.4%), Industrial Business ¥49,735 million (YoY +10.0%), Other ¥640 million (YoY -52.1%) |
| Segment profit | Water Environment Business ¥5,805 million (YoY -5.4%), Industrial Business ¥4,148 million (YoY +95.5%), Other ¥-137 million |
| Regional sales | ¥137,937 million, ¥8,730 million, ¥2,286 million |
| Orders received and order backlog | Orders received ¥154,201 million / Order backlog ¥323,517 million |
| Depreciation and amortization | ¥3,285 million |
| Impairment loss | ¥180 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on liquidation of affiliates ¥121 million, Gain on sale of non-current assets ¥12,032 million, Gain on sale of investment securities ¥3,314 million, Insurance proceeds received ¥151 million / Extraordinary loss Impairment Losses ¥180 million, Loss on disposal and sale of non-current assets ¥187 million, Losses from natural disasters ¥145 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | New Number of companies 1 / Company name つばめ・やひこウォーターサービス株式会社 / Excluded Number of companies 1 / Company name 月島機械（北京）有限公司 |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Web briefing for institutional investors and securities analysts |
| Issued Shares at Period-End | 40,125,800 Shares |
| Treasury Shares at Period-End | 565,610 Shares |
| Factors Behind Changes in Business Performance | In the Water Environment Business, order intake declined as the business was between large-scale projects, while demand for facility upgrades and expansions remained firm. In the Industrial Business, revenue and income increased due to sales activities for facilities and equipment, efforts to strengthen the competitiveness of microparticle manufacturing technology, and enhanced after-sales services. Net income attributable to owners of the parent increased sharply due to higher extraordinary income, including gains on the sale of non-current assets and investment securities. |
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.Revenue reached a record high due to increased revenue in the Water Environment Business and Industrial Business. The increase in net income was mainly attributable to higher extraordinary income, including a ¥12,032 million gain on the sale of non-current assets and a ¥3,314 million gain on the sale of investment securities.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.