Worth reading
78Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-2141
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsFirst half of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥94,644 million+14.3%
Operating profit¥15,237 million-12.3%
Operating profit margin16.1
Results for the three months of the current quarter
First quarter of the fiscal year ending March 2027
Orders received
¥110,235 million
Net Sales
¥52,461 million
Operating profit
¥8,624 million
Second quarter of the fiscal year ending March 2027
Orders received
¥117,659 million
Net Sales
¥61,032 million
Operating profit
¥6,612 million
Full-year earnings forecast
Orders received
¥300,000 million
Net Sales
¥200,000 million
Operating profit
¥40,000 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Orders received57%
Net Sales47%
Operating profit38%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit fell short of the plan, but the company expects to achieve the initial full-year planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit year-on-year growth
Revenue growth1,677
Margin impact-4,369
Change in SG&A expenses-1,823
Operating profit versus initial plan
Revenue growth4,312
Margin impact-4,629
Change in SG&A expenses-2,263
New initiatives
- Co-developed the PUALIF® disaster-response water purification unit with quantum and conducted a resident-participation water supply experience in Kanazawa
- Continue investing in asset-based services
- A 1-for-5 stock split effective 1 October 2026
Key KPIsA metric the company considers important as a management benchmark.
- Carried-Forward Order Backlog¥1,757 100 millionYear on year against the same period last year+41.7%
- Operating margin16.1 %
- Overseas order intake ratio51.2 %
- Overseas Revenue Mix44.5 %
Segment results
Water Treatment Engineering Business
Solution
¥40,587 million
Plant
¥39,932 million
Total
¥80,520 million
Functional Products Business
Food Products
¥5,393 million
Equipment & Functional Materials
¥6,168 million
Chemicals
¥2,563 million
Total
¥14,124 million
Orders received and order backlog
Orders received
¥171,268 million
Carried-Forward Order Backlog
¥1,757 100 million
Number of employees
Number of Employees2,748 people
Hiring plan2,850 people
Capital expenditures
¥3,500 million
Annual Dividend
Annual dividend per share¥44
Interim¥22
End of period¥22
Payout ratio
30 %
NotesThe company intends to maintain a payout ratio of 30% or higher
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | First half of the fiscal year ending March 2027 |
| Net Sales | ¥94,644 million (YoY +14.3%) |
| Operating profit | ¥15,237 million (YoY -12.3%) |
| Operating profit margin | 16.1 |
| Results for the three months of the current quarter | First quarter of the fiscal year ending March 2027 Orders received ¥110,235 million / Net Sales ¥52,461 million / Operating profit ¥8,624 million / Second quarter of the fiscal year ending March 2027 Orders received ¥117,659 million / Net Sales ¥61,032 million / Operating profit ¥6,612 million |
| Full-year earnings forecast | Orders received ¥300,000 million / Net Sales ¥200,000 million / Operating profit ¥40,000 million |
| Progress against full-year forecast | Orders received 57% / Net Sales 47% / Operating profit 38% |
| Self-assessment against the plan | Operating profit fell short of the plan, but the company expects to achieve the initial full-year plan |
| Segment results | Water Treatment Engineering Business Solution ¥40,587 million / Plant ¥39,932 million / Total ¥80,520 million / Functional Products Business Food Products ¥5,393 million / Equipment & Functional Materials ¥6,168 million / Chemicals ¥2,563 million / Total ¥14,124 million |
| Breakdown of Factors Affecting the Change | Operating profit year-on-year growth Revenue growth 1,677 / Margin impact -4,369 / Change in SG&A expenses -1,823 / Operating profit versus initial plan Revenue growth 4,312 / Margin impact -4,629 / Change in SG&A expenses -2,263 |
| Key KPIs | Carried-Forward Order Backlog ¥1,757 100 million, Operating margin 16.1 %, Overseas order intake ratio 51.2 %, Overseas Revenue Mix 44.5 % |
| Number of employees | Number of Employees 2,748 people / Change during the period Not disclosed / Hiring plan 2,850 people |
| Annual Dividend | Annual dividend per share ¥44 / Interim ¥22 / End of period ¥22 |
| Payout ratio | 30 % |
| Capital expenditures | ¥3,500 million |
| Orders received and order backlog | Orders received ¥171,268 million / Carried-Forward Order Backlog ¥1,757 100 million |
| New initiatives | Co-developed the PUALIF® disaster-response water purification unit with quantum and conducted a resident-participation water supply experience in Kanazawa, Continue investing in asset-based services, A 1-for-5 stock split effective 1 October 2026 |
Items this document does not state (13)
Ordinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesMarket Size / ShareKey points of the Q&A
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.Operating profit was affected by higher selling, general and administrative expenses resulting from the reaction to the concentration of highly profitable projects in the previous fiscal year, increased investment in human capital and digital initiatives, and other factors. Compared with the plan, net sales expanded, but the profit margin fell short of expectations.
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.