Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
4.9
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationInterim period (second quarter) 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 Sales15,861 Millions of yen+4.9%
Operating profit699 Millions of yen-49.3%
Ordinary income1,261 Millions of yen-27.2%
Net income816 Millions of yen-31.4%
Selling, general and administrative expenses2,390 Millions of yen
Operating profit margin
Rate4.4
Year-on-year change (points)-4.7
Results for the three months of the current quarter
1Q
Net Sales
8,195 Millions of yen
Operating profit
273 Millions of yen
2Q
Net Sales
7,666 Millions of yen
Operating profit
426 Millions of yen
Full-year earnings forecast
Net Sales
31,500 Millions of yen
Operating profit
2,800 Millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Cost deterioration-650 Millions of yen
- Impact on sales486 Millions of yen
- Foreign exchange impact-542 Millions of yen
- Decrease in selling, general and administrative expenses27 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Assumed exchange rate (yuan)22 JPY/CNY
New initiatives
- Strengthening collaboration with distributors and authorized dealers by holding regional conventions of the nationwide KVK Association
- Factory improvement activities conducted by the NPS Study Group
- Exhibiting at Kitchen & Bath China 2026 to strengthen sales capabilities in the Chinese and Asian markets
- Introduction of the shareholder app “Shareholder Passport”
Key KPIsA metric the company considers important as a management benchmark.
- Domestic market share23 %Year on year against the same period last year+2.0%
- Number of products11,000 items
Medium-term management plan targets
2026-2028 medium-term management plan. Numerical targets: Not disclosed. Under Vision2030, the company aims to become the leading water-related products company.Market Size / Share
Domestic market share23 %
Year-on-year change2 %
Number of employees
Number of Employees1,169 people
Record date30 September 2026
Capital expenditures
253 Millions of yen
Annual Dividend
Annual¥85 per share
Interim¥40 per share
End of period¥45 per share
Payout ratio
Rate31 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Interim period (second quarter) of the fiscal year ending March 2027 |
| Net Sales | 15,861 Millions of yen (YoY +4.9%) |
| Operating profit | 699 Millions of yen (YoY -49.3%) |
| Ordinary income | 1,261 Millions of yen (YoY -27.2%) |
| Net income | 816 Millions of yen (YoY -31.4%) |
| Operating profit margin | Rate 4.4 / Year-on-year change (points) -4.7 |
| Selling, general and administrative expenses | 2,390 Millions of yen |
| Results for the three months of the current quarter | 1Q Net Sales 8,195 Millions of yen / Operating profit 273 Millions of yen / 2Q Net Sales 7,666 Millions of yen / Operating profit 426 Millions of yen |
| Full-year earnings forecast | Net Sales 31,500 Millions of yen / Operating profit 2,800 Millions of yen |
| Breakdown of Factors Affecting the Change | Factors Cost deterioration / Amount -650 Millions of yen, Factors Impact on sales / Amount 486 Millions of yen, Factors Foreign exchange impact / Amount -542 Millions of yen, Factors Decrease in selling, general and administrative expenses / Amount 27 Millions of yen |
| Key KPIs | Indicator name Domestic market share / Value 23 % / Year on year against the same period last year 2 %, Indicator name Number of products / Value 11,000 items / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 1,169 people / Record date 30 September 2026 |
| Assumptions Underlying the Business Outlook | Item Assumed exchange rate (yuan) / Value 22 JPY/CNY |
| Medium-term management plan targets | 2026-2028 medium-term management plan. Numerical targets: Not disclosed. Under Vision2030, the company aims to become the leading water-related products company. |
| Annual Dividend | Annual ¥85 per share / Interim ¥40 per share / End of period ¥45 per share |
| Payout ratio | Rate 31 % |
| Capital expenditures | 253 Millions of yen |
| Market Size / Share | Domestic market share 23 % / Year-on-year change 2 % |
| New initiatives | Strengthening collaboration with distributors and authorized dealers by holding regional conventions of the nationwide KVK Association, Factory improvement activities conducted by the NPS Study Group, Exhibiting at Kitchen & Bath China 2026 to strengthen sales capabilities in the Chinese and Asian markets, Introduction of the shareholder app “Shareholder Passport” |
Items this document does not state (11)
Gross Profit MarginProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogKey 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.Revenue increased due to higher orders for core products, while operating profit declined due to higher raw material prices, increased supplier costs and the sharp depreciation of the yen. Ordinary profit and interim net income also declined despite the recognition of gains on the sale of investment securities and other items.
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.