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 ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Sales of core products such as valves for LP gas cylinders, steel valve-related products and scrap increased, while surging brass material and other material prices, miscellaneous costs, the deferral of the benefit from price increases, stock acquisition rights issuance expenses and an inventory valuation loss, among other factors, weighed on profit.
No applicable matters ("There are no applicable matters")
| 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 | ¥4,234 million (YoY +31.7%) |
| Operating profit | ¥56 million (YoY +23.7%) |
| Ordinary income | ¥34 million (YoY -14.1%) |
| Profit attributable to owners of the parent | ¥16 million (YoY -17.2%) |
| Net income per share | ¥1.55 |
| Equity ratio | End of the current fiscal period 46.1 / End of previous period 45.2 |
| Total assets | ¥9,347 million |
| Net assets | ¥4,309 million |
| Cash flows from operating activities | ¥-131,749 thousand |
| Cash flows from investing activities | ¥-8,520 thousand |
| Cash flows from financing activities | ¥307,745 thousand |
| Cash and cash equivalents at end of period | ¥428,302 thousand |
| 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%) |
| Revision to Earnings Forecast | None |
| Annual Dividend Forecast | 2 yen → 2 yen（0.0%） |
| Depreciation and amortization | ¥150,398 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of investment securities / Amount ¥5 thousand / Extraordinary loss Item Loss on disposal of non-current assets / Amount ¥1,776 thousand |
| Disclosure regarding the going concern assumption | No applicable matters ("There are no applicable matters") |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Availability of Supplementary Financial Results Materials | None |
| Availability of Financial Results Briefing | None ( 대상者: Not disclosed) |
| Issued Shares at Period-End | 52,233,535 shares |
| Treasury Shares at Period-End | 694,611 shares |
| Factors Behind Changes in Business Performance | Sales of core products such as valves for LP gas cylinders, steel valve-related products and scrap increased, while surging brass material and other material prices, miscellaneous costs, the deferral of the benefit from price increases, stock acquisition rights issuance expenses and an inventory valuation loss, among other factors, weighed on profit. |
Items this document does not state (10)
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 increased for brass valve-related products, led by the company’s core valves for LP gas cylinders, as well as steel valve-related products for equipment, vehicles and ships. Scrap sales increased as a result of higher factory utilisation and rising prices, while profitability was pressured by surging brass material, other material and miscellaneous costs, and some of the benefit from price increases was deferred to the second half. The company also recorded stock acquisition rights issuance expenses and an inventory valuation loss.