Worth reading
42Recurring
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-6.9
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year2023年1月1日〜2023年12月31日ConsolidatedJapanese GAAPNet Sales11,132¥ millionYear on year -0.6%Progress 101.2%
Operating profit1,021¥ millionYear on year -6.9%Progress 102.1%
Ordinary income1,141¥ millionYear on year -8.1%Progress 103.7%
Net income attributable to owners of the parent909¥ millionYear on year -4.2%Progress 101.0%
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 share136円04銭
Operating Margin9.2％
Financial position at period-end
Total assets21,098¥ million
of which net assets 15,635 ¥ millionEquity ratio 74.1%vs. prior year-end +1.9pt
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.
Cash inflows and outflows
Operating+323
Investment-553
Financials-997
Net change-1,227
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.
Cash and cash equivalents at end of period¥4,574 million
Segment revenueValve business ¥10,554 million (YoY -0.6%), Real Estate Leasing ¥578 million (YoY +0.2%)
Segment profitValve business ¥636,669 thousand (YoY -10.7%), Real Estate Leasing ¥384,528 thousand (YoY +0.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥11,000 million (YoY -1.2%)
Operating profit¥1,000 million (YoY -2.1%)
Ordinary income¥1,100 million (YoY -3.6%)
Net income¥900 million (YoY -1.0%)
Annual Dividend Forecast¥20 → ¥35（+75.0%）
Factors Behind Changes in Business Performance
LPG容器用バルブと配管用バルブは需要増加と製品価格引上げの浸透により増収。高圧ガスバルブ・ガス関連設備機器は半導体関連業種向け需要低迷、黄銅削り粉は取扱量減少により減収。営業利益は子会社の収益状況低下や活動制限緩和に伴う費用増加の影響を受けた。
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationAdditions: 0 companies; removals: 0 companies (no significant changes)
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on Sale of Fixed Assets ¥66,169 thousand, Gain on Sale of Investment Securities ¥221,872 thousand / Extraordinary loss Loss on disposal of property, plant and equipment ¥311 thousand, Loss on sale of investment securities ¥36,101 thousand, Retirement benefit expenses ¥95,845 thousand
Depreciation and amortization¥566,039 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2023年1月1日〜2023年12月31日 |
| Net Sales | ¥11,132 million (YoY -0.6%) |
| Operating profit | ¥1,021 million (YoY -6.9%) |
| Ordinary income | ¥1,141 million (YoY -8.1%) |
| Profit attributable to owners of the parent | ¥909 million (YoY -4.2%) |
| Net income per share | 136円04銭 |
| Operating Margin | 9.2％ |
| Equity ratio | End of the current fiscal period 74.1％ / End of previous period 72.2％ |
| Total assets | ¥21,098 million |
| Net assets | ¥15,635 million |
| Cash flows from operating activities | ¥323 million |
| Cash flows from investing activities | ¥-553 million |
| Cash flows from financing activities | ¥-997 million |
| Cash and cash equivalents at end of period | ¥4,574 million |
| Full-year earnings forecast | Net Sales ¥11,000 million (YoY -1.2%) / Operating profit ¥1,000 million (YoY -2.1%) / Ordinary income ¥1,100 million (YoY -3.6%) / Net income ¥900 million (YoY -1.0%) |
| Annual Dividend Forecast | ¥20 → ¥35（+75.0%） |
| Segment revenue | Valve business ¥10,554 million (YoY -0.6%), Real Estate Leasing ¥578 million (YoY +0.2%) |
| Segment profit | Valve business ¥636,669 thousand (YoY -10.7%), Real Estate Leasing ¥384,528 thousand (YoY +0.3%) |
| Depreciation and amortization | ¥566,039 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on Sale of Fixed Assets ¥66,169 thousand, Gain on Sale of Investment Securities ¥221,872 thousand / Extraordinary loss Loss on disposal of property, plant and equipment ¥311 thousand, Loss on sale of investment securities ¥36,101 thousand, Retirement benefit expenses ¥95,845 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | Additions: 0 companies; removals: 0 companies (no significant changes) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Factors Behind Changes in Business Performance | LPG容器用バルブと配管用バルブは需要増加と製品価格引上げの浸透により増収。高圧ガスバルブ・ガス関連設備機器は半導体関連業種向け需要低迷、黄銅削り粉は取扱量減少により減収。営業利益は子会社の収益状況低下や活動制限緩和に伴う費用増加の影響を受けた。 |
Items this document does not state (8)
Revision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossIssued Shares at Period-EndTreasury Shares at Period-End
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.LPG容器用バルブと配管用バルブは自動車用・バルク用や半導体製造装置向けの需要増加、製品価格引上げの浸透により増収となった。一方、高圧ガスバルブ・ガス関連設備機器は半導体関連業種向け需要低迷、黄銅削り粉は取扱量減少により減収となった。利益面では、原材料価格高騰に対応した販売価格改定を行ったものの、子会社の収益状況の低下や活動制限緩和に伴う費用増加の影響を受けた。
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.