Results for this period
Full year1 April 2025–31 March 2026Non-consolidated (standalone)Japanese 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.
In the Water Supply Equipment Business, the Company secured deliveries for water distribution pipe replacement projects, proposed products with superior earthquake resistance and ease of installation, and continued to reflect costs in sales prices. However, higher copper and material prices and wages, together with sluggish housing demand, had an impact. In the Housing and Building Equipment Business, sales of heating components and sales price revisions had a positive effect, while lower new housing starts and higher costs had an adverse impact. In the Merchandise Sales Business, sales of resin products declined, while sales of cast-iron products increased. Net income benefited from extraordinary income, including a gain on extinguishment of tie-in shares related to the absorption-type merger.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥31,683 million (YoY +0.1%) |
| Operating profit | ¥2,727 million (YoY -14.2%) |
| Ordinary income | ¥2,982 million (YoY -10.7%) |
| Profit attributable to owners of the parent | ¥2,683 million (YoY +32.6%) |
| Net income per share | ¥130.89 |
| Operating Margin | 8.6% |
| Equity ratio | End of the current fiscal period 85.6% / End of previous period 86.4% |
| Total assets | ¥47,573 million |
| Net assets | ¥40,730 million |
| Cash flows from operating activities | ¥2,450 million |
| Cash flows from investing activities | ¥-952 million |
| Cash flows from financing activities | ¥-1,884 million |
| Cash and cash equivalents at end of period | ¥9,737 million |
| Full-year earnings forecast | Net Sales ¥32,400 million (YoY +2.3%) / Operating profit ¥2,700 million (YoY -1.0%) / Ordinary income ¥2,900 million (YoY -2.8%) / Net income ¥2,000 million (YoY -25.5%) |
| Annual Dividend Forecast | ¥63 per share → ¥60 per share（-4.8%） |
| Payout ratio | Fiscal year ending March 2026 48.1% / Forecast for the fiscal year ending March 2027 61.1% |
| Shareholder Return Policy | The ordinary dividend will be based on a target dividend-on-equity (DOE) ratio of approximately 3%, with a progressive dividend policy that takes stability and continuity into account. |
| Segment revenue | Water Supply Equipment Business ¥16,860 million (YoY -1.2%), Housing and Building Equipment Business ¥12,143 million (YoY -1.4%), Product Sales Business ¥2,679 million (YoY +4.2%) |
| Segment profit | Water Supply Equipment Business ¥5,080 million (YoY -5.6%), Housing and Building Equipment Business ¥2,049 million (YoY -3.7%), Product Sales Business ¥343 million (YoY +10.2%) |
| Depreciation and amortization | ¥762 million |
| Impairment loss | ¥4 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥36 million, Gain on sale of investment securities ¥168 million, Gain on elimination of shares held in a merged company ¥543 million / Extraordinary loss Impairment Losses ¥4 million, Loss on Disposal of Fixed Assets ¥27 million |
| 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 0 / Excluded 1 / Company name ＱＳＯインダストリアル株式会社 (absorption-type merger) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Securities analysts and institutional investors |
| Issued Shares at Period-End | 21,500,000 shares |
| Treasury Shares at Period-End | 1,142,071 shares |
| Factors Behind Changes in Business Performance | In the Water Supply Equipment Business, the Company secured deliveries for water distribution pipe replacement projects, proposed products with superior earthquake resistance and ease of installation, and continued to reflect costs in sales prices. However, higher copper and material prices and wages, together with sluggish housing demand, had an impact. In the Housing and Building Equipment Business, sales of heating components and sales price revisions had a positive effect, while lower new housing starts and higher costs had an adverse impact. In the Merchandise Sales Business, sales of resin products declined, while sales of cast-iron products increased. Net income benefited from extraordinary income, including a gain on extinguishment of tie-in shares related to the absorption-type merger. |
Items this document does not state (3)
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.Higher copper prices, wages, energy costs and transportation costs, together with weaker housing demand, weighed on earnings. The impact was partly offset by sales price revisions, stronger sales in the heating sector, greater efficiency in the business structure and extraordinary income related to the absorption-type merger.