Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026Non-consolidated (individual)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, sales increased, mainly due to demand brought forward ahead of price revisions. In the Housing and Building Equipment Business, demand was supported by a recovery in new housing starts and concerns about product shortages. In the Merchandise Sales Business, sales of resin products increased, while sales of cast-iron products declined. In terms of earnings, the increase in raw material costs, including copper, crude oil and naphtha prices, was offset by the contribution from higher net sales and the reflection of costs in selling prices. Interim net income declined due to the reaction to extraordinary income recorded in the previous corresponding period in connection with the absorption-type merger.
Not applicable
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (individual) |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥16,436 million (YoY +4.4%) |
| Operating profit | ¥1,479 million (YoY +5.5%) |
| Ordinary income | ¥1,633 million (YoY +6.9%) |
| Profit attributable to owners of the parent | ¥1,094 million (YoY -34.3%) |
| Net income per share | ¥53.98 |
| Equity ratio | End of the current fiscal period 86.1 / End of previous period 85.6 |
| Total assets | ¥47,153 million |
| Net assets | ¥40,594 million |
| Cash flows from operating activities | ¥649 million |
| Cash flows from investing activities | ¥-1,083 million |
| Cash flows from financing activities | ¥-1,190 million |
| Cash and cash equivalents at end of period | ¥8,113 million |
| Full-year earnings forecast | Net Sales ¥33,100 million (YoY +4.5%) / Operating profit ¥2,770 million (YoY +1.6%) / Ordinary income ¥3,050 million (YoY +2.3%) / Net income ¥2,220 million (YoY -17.3%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥33,100 million / Operating profit Not disclosed → ¥2,770 million / Ordinary income Not disclosed → ¥3,050 million / Net income Not disclosed → ¥2,220 million |
| Annual Dividend Forecast | ¥63 per share → ¥60 per share（-4.8%） |
| Segment revenue | Water Supply Equipment Business ¥8,841 million (YoY +6.5%) / Residential and Building Equipment Business ¥6,319 million (YoY +2.7%) / Merchandise Sales Business ¥1,276 million (YoY -0.5%) |
| Segment profit | Water Supply Equipment Business ¥2,623 million (YoY +2.9%) / Residential and Building Equipment Business ¥1,069 million (YoY +4.9%) / Merchandise Sales Business ¥137 million (YoY -18.1%) |
| Depreciation and amortization | ¥441 million |
| Impairment loss | Not recognized during the interim period |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of non-current assets / Amount ¥1 million / Extraordinary loss Item Loss on disposal of fixed assets / Amount ¥10 million |
| Disclosure regarding the going concern assumption | Not applicable |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | Not applicable |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 21,500,000 Shares |
| Treasury Shares at Period-End | 1,447,145 Shares |
| Factors Behind Changes in Business Performance | In the Water Supply Equipment Business, sales increased, mainly due to demand brought forward ahead of price revisions. In the Housing and Building Equipment Business, demand was supported by a recovery in new housing starts and concerns about product shortages. In the Merchandise Sales Business, sales of resin products increased, while sales of cast-iron products declined. In terms of earnings, the increase in raw material costs, including copper, crude oil and naphtha prices, was offset by the contribution from higher net sales and the reflection of costs in selling prices. Interim net income declined due to the reaction to extraordinary income recorded in the previous corresponding period in connection with the absorption-type merger. |
Items this document does not state (6)
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.The decline in interim net income was due mainly to the recording of extraordinary income in the previous interim accounting period in connection with the absorption-type merger of QSO Industrial Co., Ltd., among other factors. The increase in net sales and operating income was attributed to higher sales resulting from the impact of price revisions, product proposals, and the reflection of raw material, energy and transportation costs in selling prices.