Results for this period
First quarter1 January 2026 to 31 March 2026ConsolidatedJapanese 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.
Revenue increased due to the effects of price revisions, foreign exchange movements, expanding demand for semiconductor manufacturing equipment, and higher copper prices. Profit declined in the Valve Business due to lower sales volumes to overseas markets, higher raw material and component costs, and acquisition-related expenses from M&A. Profit increased in the Metal Solutions Business as higher copper prices secured a spread. Net income increased due to a gain on the sale of property, plant and equipment following the sale of the former head office of a U.S. subsidiary.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 31 March 2026 |
| Net Sales | ¥46,625 million (YoY +11.7%) |
| Operating profit | ¥3,697 million (YoY +9.4%) |
| Ordinary income | ¥4,193 million (YoY +4.9%) |
| Profit attributable to owners of the parent | ¥3,657 million (YoY +26.5%) |
| Net income per share | ¥42.06 |
| Equity ratio | End of the current fiscal period 62.6 / End of previous period 64.1 |
| Total assets | ¥191,569 million |
| Net assets | ¥121,657 million |
| Cash flows from operating activities | ¥1,838 million |
| Cash flows from investing activities | ¥-1,259 million |
| Cash flows from financing activities | ¥478 million |
| Cash and cash equivalents at end of period | ¥29,253 million |
| Full-year earnings forecast | Net Sales ¥195,000 million (YoY +10.4%) / Operating profit ¥17,000 million (YoY +10.0%) / Ordinary income ¥17,400 million (YoY +8.3%) / Net income ¥12,700 million (YoY +10.8%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥53 → ¥59（+11.3%） |
| Segment revenue | Valve business ¥36,530 million (YoY +9.8%), Metal Solutions Business ¥9,571 million (YoY +20.1%), Other ¥523 million (YoY +1.9%) |
| Segment profit | Valve business ¥4,255 million (YoY -3.0%), Metal Solutions Business ¥592 million (YoY +383.6%), Other ¥-46 million |
| Depreciation and amortization | ¥1,865 million |
| Impairment loss | Not applicable. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of property, plant and equipment ¥1,253 million / Extraordinary loss Loss on disposal and sale of property, plant and equipment ¥4 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 |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | At a meeting of the Board of Directors held on 13 May 2026, the Company resolved to borrow ¥15,000 million (planned) to fund the acquisition of shares in 株式会社ブイテックス and loans to that company, among other purposes. The borrowing is scheduled to be executed on 25 May 2026, with a planned term of three months, and is expected to be refinanced with long-term funding. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 87,565,611 |
| Treasury Shares at Period-End | 640,625 |
| Factors Behind Changes in Business Performance | Revenue increased due to the effects of price revisions, foreign exchange movements, expanding demand for semiconductor manufacturing equipment, and higher copper prices. Profit declined in the Valve Business due to lower sales volumes to overseas markets, higher raw material and component costs, and acquisition-related expenses from M&A. Profit increased in the Metal Solutions Business as higher copper prices secured a spread. Net income increased due to a gain on the sale of property, plant and equipment following the sale of the former head office of a U.S. subsidiary. |
Items this document does not state (5)
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.Revenue increased due to the effects of price revisions in the Valve Business, foreign exchange movements, expanding demand for semiconductor manufacturing equipment, and higher copper prices in the Metal Solutions Business. Operating income was reduced by lower sales volumes to overseas markets in the Valve Business, higher raw material and component costs, and acquisition-related expenses from M&A, but the Metal Solutions Business secured a spread from higher copper prices. Net income attributable to owners of the parent increased due to the recognition of a gain on the sale of property, plant and equipment following the sale of the former head office of a U.S. subsidiary.