Results for this period
First quarter1 April 2026 to 30 June 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.
The Water Supply Equipment Business benefited from higher sales, primarily reflecting front-loaded demand following the April 2026 price revisions. The Housing and Building Equipment Business benefited from a recovery in new housing starts and demand driven by concerns about product shortages related to the situation in the Middle East. The Merchandise Sales Business benefited from higher sales of resin products. Although higher net sales contributed to profits, costs were pressured by soaring prices for copper, crude oil and naphtha. Quarterly net income declined due to the reversal of extraordinary income related to the absorption-type merger in the year-earlier period.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | 8,571 million yen (YoY +11.1%) |
| Operating profit | 885 million yen (YoY +31.7%) |
| Ordinary income | 975 million yen (YoY +32.4%) |
| Profit attributable to owners of the parent | 653 million yen (YoY -35.6%) |
| Net income per share | ¥32.09 |
| Equity ratio | End of the current fiscal period 84.7 / End of previous period 85.6 |
| Total assets | 47,189 million yen |
| Net assets | 39,988 million yen |
| Full-year earnings forecast | Net Sales 32,400 million yen (YoY +2.3%) / Operating profit 2,700 million yen (YoY -1.0%) / Ordinary income 2,900 million yen (YoY -2.8%) / Net income 2,000 million yen (YoY -25.5%) |
| Annual Dividend Forecast | 63 yen → 60 yen |
| Segment revenue | Water Supply Equipment Business 4,547 million yen (YoY +13.2%), Housing and Building Equipment Business 3,352 million yen (YoY +8.9%), Product Sales Business 672 million yen (YoY +8.4%) |
| Segment profit | Water Supply Equipment Business 1,354 million yen (YoY +11.0%), Housing and Building Equipment Business 598 million yen (YoY +8.1%), Product Sales Business 81 million yen (YoY +4.9%) |
| Depreciation and amortization | 209 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 1 million yen / Extraordinary loss Loss on Disposal of Fixed Assets 9 million yen |
| 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 |
| Material subsequent events | At a board meeting held on 6 August 2026, the Company resolved to acquire up to 400,000 treasury shares through ToSTNeT-3 on 7 August 2026, with a maximum total acquisition price of ¥642,000,000. The reasons were to improve capital efficiency and enhance shareholder returns. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 21,500,000 |
| Treasury Shares at Period-End | 1,142,071 |
| Factors Behind Changes in Business Performance | The Water Supply Equipment Business benefited from higher sales, primarily reflecting front-loaded demand following the April 2026 price revisions. The Housing and Building Equipment Business benefited from a recovery in new housing starts and demand driven by concerns about product shortages related to the situation in the Middle East. The Merchandise Sales Business benefited from higher sales of resin products. Although higher net sales contributed to profits, costs were pressured by soaring prices for copper, crude oil and naphtha. Quarterly net income declined due to the reversal of extraordinary income related to the absorption-type merger in the year-earlier period. |
Items this document does not state (12)
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.Net sales increased as revised prices were reflected in selling prices, sales of water supply equipment rose, demand benefited from a recovery in new housing starts and concerns about product shortages, and sales of resin products increased. The decline in quarterly net income was mainly due to the recognition of extraordinary income related to the absorption-type merger of a subsidiary in the year-earlier quarter.