Komori
Results6466TVE Co.,Ltd.Machinery

Financial Results for the Fiscal Year Ended September 2026 (Japanese GAAP) (Consolidated)

For the fiscal year ended September 2026, revenue increased 13.2% and operating profit increased 102.3%, driven by higher revenue from periodic inspection work at nuclear power plants and electrical equipment-related work. For the fiscal year ending September 2027, revenue is expected to increase, while operating profit is expected to remain nearly flat and net income to decline.

Worth reading
43Recurring
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
102.3
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 October 2025–30 September 2026ConsolidatedJapanese GAAP
Net Sales11,524¥ millionYear on year +13.2%Progress 96.0%
Operating profit1,205¥ millionYear on year +102.3%Progress 100.4%
Ordinary income1,347¥ millionYear on year +86.0%Progress 103.6%
Net income attributable to owners of the parent1,104¥ millionYear on year +84.8%Progress 129.9%

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¥470.80
Operating Margin10.5%
Financial position at period-end
Total assets17,337¥ million
of which net assets 13,383 ¥ millionEquity ratio 77.2%vs. prior year-end +2.2pt

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+2,042
Investment-810
Financials-246
Net change+986

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¥3,396 million
Segment revenue
Valve Business7,92870.1%+16.6%
Steelmaking business1,43012.6%-2.8%
Electrical equipment-related business1,95617.3%+12.1%
Segment profit
Valve Business1,852+49.8%
Steelmaking business-100
Electrical equipment-related business470+55.6%
Outlook and shareholder returns
Full-year earnings forecast
Period Covered1 October 2026–30 September 2027
Net Sales¥12,000 million (YoY +4.1%)
Operating profit¥1,200 million (YoY -0.4%)
Ordinary income¥1,300 million (YoY -3.5%)
Net income¥850 million (YoY -23.0%)
Annual Dividend Forecast¥55 → ¥50(-9.1%)
Payout ratio11.7% (fiscal year ended September 2026 actual), 13.8% (fiscal year ending September 2027 forecast)
Factors Behind Changes in Business Performance

Revenue recognized following the completion of periodic inspection work at nuclear power plants, higher revenue in the electrical equipment-related business, and higher profit resulting from increased revenue in the valve and electrical equipment-related businesses.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Material subsequent eventsNot applicable.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment 124 Thousand yen / Extraordinary loss Loss on disposal of fixed assets 227 Thousand yen
Depreciation and amortization399,976 Thousand yen
Orders received and order backlogOrders received 12,393,751 Thousand yen (YoY -7.0%) / Order backlog 8,098,253 Thousand yen
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End2,461,600 shares outstanding at fiscal year-end
Treasury Shares at Period-End115,915 treasury shares at fiscal year-end
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 October 2025–30 September 2026
Net Sales¥11,524 million (YoY +13.2%)
Operating profit¥1,205 million (YoY +102.3%)
Ordinary income¥1,347 million (YoY +86.0%)
Profit attributable to owners of the parent¥1,104 million (YoY +84.8%)
Net income per share¥470.80
Operating Margin10.5%
Equity ratioEnd of the current fiscal period 77.2% / End of previous period 75.0%
Total assets¥17,337 million
Net assets¥13,383 million
Cash flows from operating activities¥2,042 million
Cash flows from investing activities¥-810 million
Cash flows from financing activities¥-246 million
Cash and cash equivalents at end of period¥3,396 million
Full-year earnings forecastPeriod Covered 1 October 2026–30 September 2027 / Net Sales ¥12,000 million (YoY +4.1%) / Operating profit ¥1,200 million (YoY -0.4%) / Ordinary income ¥1,300 million (YoY -3.5%) / Net income ¥850 million (YoY -23.0%)
Annual Dividend Forecast¥55 → ¥50(-9.1%)
Payout ratio11.7% (fiscal year ended September 2026 actual), 13.8% (fiscal year ending September 2027 forecast)
Segment revenueValve Business ¥7,928 million (YoY +16.6%) / Steelmaking business ¥1,430 million (YoY -2.8%) / Electrical equipment-related business ¥1,956 million (YoY +12.1%)
Segment profitValve Business ¥1,852 million (YoY +49.8%) / Steelmaking business ¥-100 million / Electrical equipment-related business ¥470 million (YoY +55.6%)
Orders received and order backlogOrders received 12,393,751 Thousand yen (YoY -7.0%) / Order backlog 8,098,253 Thousand yen
Depreciation and amortization399,976 Thousand yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment 124 Thousand yen / Extraordinary loss Loss on disposal of fixed assets 227 Thousand yen
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Material subsequent eventsNot applicable.
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End2,461,600 shares outstanding at fiscal year-end
Treasury Shares at Period-End115,915 treasury shares at fiscal year-end
Factors Behind Changes in Business PerformanceRevenue recognized following the completion of periodic inspection work at nuclear power plants, higher revenue in the electrical equipment-related business, and higher profit resulting from increased revenue in the valve and electrical equipment-related businesses.
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesImpairment loss

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.

In the valve business, revenue was recorded following the completion of periodic inspection work at Kansai Electric Power's Takahama and Oi nuclear power plants, Shikoku Electric Power's Ikata nuclear power plant, and Kyushu Electric Power's Genkai and Sendai nuclear power plants. The electrical equipment-related business also recorded higher revenue. Increased revenue in the valve and electrical equipment-related businesses contributed to the rise in operating profit.

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.
Financial Results for the Fiscal Year Ended September 2026 (Japanese GAAP) (Consolidated) | TVE Co.,Ltd. (6466) timely disclosure | Komori