Worth reading
59In 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
103
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 October 2025 to 30 June 2026ConsolidatedJapanese GAAPNet Sales8,543¥ millionYear on year +15.4%Progress 76.3%
Operating profit1,076¥ millionYear on year +103.0%Progress 93.6%
Ordinary income1,216¥ millionYear on year +90.2%Progress 94.3%
Net income attributable to owners of the parent789¥ millionYear on year +40.4%Progress 96.2%
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¥336.57
Financial position at period-end
Total assets16,811¥ million
of which net assets 12,852 ¥ millionEquity ratio 76.5%vs. prior year-end +1.5pt
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.
Segment revenueValve business ¥5,830 million, Steelmaking business ¥1,007 million, Electrical equipment-related business ¥1,522 million
Segment profitValve business ¥1,370 million, Steelmaking business ¥-82 million, Electrical equipment-related business ¥382 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥11,200 million (YoY +10.0%)
Operating profit¥1,150 million (YoY +93.0%)
Ordinary income¥1,290 million (YoY +78.1%)
Net income¥820 million (YoY +37.2%)
Annual Dividend Forecast¥60 → ¥55
Factors Behind Changes in Business Performance
Revenue was recognized following the completion of periodic inspection work at nuclear power plants, and the electrical equipment-related business reported higher revenue. The valve business recorded higher revenue and profit due to revenue from periodic inspection and repair work at nuclear power plants. The steelmaking business reported lower revenue and a wider loss due to lower sales to major customers and the recording of a provision for losses on orders. The electrical equipment-related business recorded higher revenue and profit due to an increase in contracted work.
Disclosure regarding the going concern assumption
No applicable matters.
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 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsRegarding the 2026 Kumamoto Earthquake that occurred on 28 July 2026, the company stated its condolences to those affected and expressed its hopes for recovery and reconstruction.
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥124 thousand / Extraordinary loss Losses on disposal of fixed assets ¥106 thousand
Depreciation and amortization¥299,437 thousand
Orders received and order backlogOrders received ¥9,714,970 thousand / Order backlog ¥8,400,309 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End2,461,600
Treasury Shares at Period-End115,915
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025 to 30 June 2026 |
| Net Sales | ¥8,543 million (YoY +15.4%) |
| Operating profit | ¥1,076 million (YoY +103.0%) |
| Ordinary income | ¥1,216 million (YoY +90.2%) |
| Profit attributable to owners of the parent | ¥789 million (YoY +40.4%) |
| Net income per share | ¥336.57 |
| Equity ratio | End of the current fiscal period 76.5 / End of previous period 75 |
| Total assets | ¥16,811 million |
| Net assets | ¥12,852 million |
| Full-year earnings forecast | Net Sales ¥11,200 million (YoY +10.0%) / Operating profit ¥1,150 million (YoY +93.0%) / Ordinary income ¥1,290 million (YoY +78.1%) / Net income ¥820 million (YoY +37.2%) |
| Annual Dividend Forecast | ¥60 → ¥55 |
| Segment revenue | Valve business ¥5,830 million, Steelmaking business ¥1,007 million, Electrical equipment-related business ¥1,522 million |
| Segment profit | Valve business ¥1,370 million, Steelmaking business ¥-82 million, Electrical equipment-related business ¥382 million |
| Orders received and order backlog | Orders received ¥9,714,970 thousand / Order backlog ¥8,400,309 thousand |
| Depreciation and amortization | ¥299,437 thousand |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥124 thousand / Extraordinary loss Losses on disposal of fixed assets ¥106 thousand |
| Disclosure regarding the going concern assumption | No applicable matters. |
| 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 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Regarding the 2026 Kumamoto Earthquake that occurred on 28 July 2026, the company stated its condolences to those affected and expressed its hopes for recovery and reconstruction. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 2,461,600 |
| Treasury Shares at Period-End | 115,915 |
| Factors Behind Changes in Business Performance | Revenue was recognized following the completion of periodic inspection work at nuclear power plants, and the electrical equipment-related business reported higher revenue. The valve business recorded higher revenue and profit due to revenue from periodic inspection and repair work at nuclear power plants. The steelmaking business reported lower revenue and a wider loss due to lower sales to major customers and the recording of a provision for losses on orders. The electrical equipment-related business recorded higher revenue and profit due to an increase in contracted work. |
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional sales
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 was recognized following the completion of periodic inspection work at nuclear power plants, while the electrical equipment-related business reported higher revenue. The increase in operating profit was supported by higher revenue from the valve business and the electrical equipment-related business, among other factors.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.