Komori
Earnings6495MIYAIRI VALVE MFG.CO.,LTD.Machinery

Q1 Financial Results for the Fiscal Year Ending March 2027 [Japanese GAAP] (Non-consolidated)

In the first quarter of the fiscal year ending March 2027, net sales increased 29.6% year on year and operating profit increased 160.4%. Ordinary profit and quarterly net income also increased. The full-year earnings forecast and annual dividend forecast remain unchanged.

Worth reading
47Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
160.4
Year-on-year change (%) (operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026Non-consolidated (standalone)Japanese GAAP
Net Sales2,110¥ millionYear on year +29.6%Progress 28.9%
Operating profit68¥ millionYear on year +160.4%Progress 48.6%
Ordinary income64¥ millionYear on year +151.5%Progress 53.3%
Net income attributable to owners of the parent39¥ millionYear on year +207.6%Progress 48.8%

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¥0.83
Financial position at period-end
Total assets9,011¥ million
of which net assets 3,965 ¥ millionEquity ratio 44.0%vs. prior year-end -1.2pt

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.

Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥7,300 million (YoY +3.6%)
Operating profit¥140 million (YoY +26.1%)
Ordinary income¥120 million (YoY +19.9%)
Net income¥80 million (YoY +31.8%)
Annual Dividend Forecast¥2 → ¥2(0.0%)
Factors Behind Changes in Business Performance

Net sales increased due to higher sales of brass and steel valve-related products, an increase in the factory operating rate, and higher scrap prices. On the profit side, although the prices of brass materials and other supplies, as well as various expenses, increased, efforts to reduce costs through expense cuts and productivity improvements, together with product price increases, proved effective.

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Material subsequent eventsAt a meeting of the Board of Directors held on 15 July 2026, the company resolved to issue the third series of stock acquisition rights through a third-party allotment, and payment of the total issue price was completed on 31 July.
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥1,776 thousand
Depreciation and amortization¥74,334 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End48,849,935 Shares
Treasury Shares at Period-End694,611 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 April 2026 to 30 June 2026
Net Sales¥2,110 million (YoY +29.6%)
Operating profit¥68 million (YoY +160.4%)
Ordinary income¥64 million (YoY +151.5%)
Profit attributable to owners of the parent¥39 million (YoY +207.6%)
Net income per share¥0.83
Equity ratioEnd of the current fiscal period 44 / End of previous period 45.2
Total assets¥9,011 million
Net assets¥3,965 million
Full-year earnings forecastNet Sales ¥7,300 million (YoY +3.6%) / Operating profit ¥140 million (YoY +26.1%) / Ordinary income ¥120 million (YoY +19.9%) / Net income ¥80 million (YoY +31.8%)
Annual Dividend Forecast¥2 → ¥2(0.0%)
Depreciation and amortization¥74,334 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥1,776 thousand
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsAt a meeting of the Board of Directors held on 15 July 2026, the company resolved to issue the third series of stock acquisition rights through a third-party allotment, and payment of the total issue price was completed on 31 July.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End48,849,935 Shares
Treasury Shares at Period-End694,611 Shares
Factors Behind Changes in Business PerformanceNet sales increased due to higher sales of brass and steel valve-related products, an increase in the factory operating rate, and higher scrap prices. On the profit side, although the prices of brass materials and other supplies, as well as various expenses, increased, efforts to reduce costs through expense cuts and productivity improvements, together with product price increases, proved effective.
Items this document does not state (14)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidation

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.

Sales of brass valve-related products, including the company's mainstay valves for LP gas cylinders, and steel valve-related products for facilities and vehicles increased. In addition, efforts to reduce costs through expense cuts and productivity improvements, together with product price increases, proved effective.

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Q1 Financial Results for the Fiscal Year Ending March 2027 [Japanese GAAP] (Non-consolidated) | MIYAIRI VALVE MFG.CO.,LTD. (6495) timely disclosure | Komori