Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
Revenue increased on data center investments driven by AI and semiconductor demand, demand for advanced semiconductors, orders received and progress on large-scale projects, and strong performance in solution projects. Operating profit, however, decreased due to the decline in the gross profit margin resulting from the reaction to the high-margin plant projects in the same period of the previous year, as well as increases in personnel expenses and IT-related investments.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥94,644 million (YoY +14.3%) |
| Operating profit | ¥15,237 million (YoY -12.3%) |
| Ordinary income | ¥15,557 million (YoY -10.3%) |
| Profit attributable to owners of the parent | ¥10,030 million (YoY -13.0%) |
| Net income per share | ¥43.62 |
| Equity ratio | End of the current fiscal period 66.5 / End of previous period 63.6 |
| Total assets | ¥224,333 million |
| Net assets | ¥149,163 million |
| Cash flows from operating activities | ¥1,770 million |
| Cash flows from investing activities | ¥-2,321 million |
| Cash flows from financing activities | ¥-13,752 million |
| Cash and cash equivalents at end of period | ¥17,229 million |
| Full-year earnings forecast | Net Sales ¥200,000 million (YoY +12.6%) / Operating profit ¥40,000 million (YoY +6.2%) / Ordinary income ¥40,000 million (YoY +4.9%) / Net income ¥30,000 million (YoY +5.6%) |
| Revision to Earnings Forecast | Net Sales 200,000 / Operating profit 40,000 / Ordinary income 40,000 / Net income 30,000 → Net Sales 200,000 / Operating profit 40,000 / Ordinary income 40,000 / Net income 30,000（Net Sales 0 / Operating profit 0 / Ordinary income 0 / Net income 0） |
| Annual Dividend Forecast | 200 yen (before adjustment for stock split) → 220 yen (before adjustment for stock split)（+10.0%） |
| Segment revenue | Water Treatment Engineering Business ¥80,520 million (YoY +14.1%) / Functional Products Business ¥14,124 million (YoY +15.4%) |
| Segment profit | Water Treatment Engineering Business ¥13,278 million (YoY -15.8%) / Functional Products Business ¥1,958 million (YoY +21.9%) |
| Orders received and order backlog | Orders received ¥171,268 million / Carried-forward order backlog ¥175,787 million |
| Depreciation and amortization | ¥1,022 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 2 / Gain on sale of investment securities 45 / Extraordinary loss Loss on sale of non-current assets 0 / Loss on disposal of fixed assets 3 |
| 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 | Whether applicable No / New 0 companies / Excluded 0 companies / Company name Not applicable |
| Material subsequent events | Effective 1 October 2026, the Company split each common share into 5 shares and amended its Articles of Incorporation in connection with the stock split. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 231,798,500 |
| Treasury Shares at Period-End | 1,811,860 |
| Factors Behind Changes in Business Performance | Revenue increased on data center investments driven by AI and semiconductor demand, demand for advanced semiconductors, orders received and progress on large-scale projects, and strong performance in solution projects. Operating profit, however, decreased due to the decline in the gross profit margin resulting from the reaction to the high-margin plant projects in the same period of the previous year, as well as increases in personnel expenses and IT-related investments. |
Items this document does not state (5)
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.Large-scale and solution projects for the electronics industry grew, supported by demand for AI and semiconductors. However, the gross profit margin declined due to the reaction to the high-margin plant projects recorded in the same period of the previous year, while personnel expenses and IT-related investments also increased, resulting in lower operating profit. As revenue recognition for orders received is expected to gain momentum from the following fiscal year onward, the full-year forecast remains unchanged.