Worth reading
60In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
4.7
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 October 2025 to 30 September 2026ConsolidatedJapanese GAAPNet Sales27,862¥ millionYear on year -4.5%Progress 92.3%
Operating profit4,033¥ millionYear on year +4.7%Progress 112.3%
Ordinary income4,397¥ millionYear on year +14.3%Progress 122.8%
Net income attributable to owners of the parent3,069¥ millionYear on year +12.4%Progress 121.3%
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¥295.36
Operating Margin14.5
Financial position at period-end
Total assets45,586¥ million
of which net assets 37,360 ¥ millionEquity ratio 82.0%vs. prior year-end +0.6pt
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+5,001
Investment-4,002
Financials-1,395
Net change-396
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¥9,393 million
Segment revenue
Large photomask business26,909.6296.6%-6.5%
Solutions Business118.590.4%+40.6%
Screen mask and metal mask business834.113.0%
Segment profit
Large photomask business4,268.79+1.7%
Solutions Business-298.32
Screen mask and metal mask business63.20
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥30,200 million (YoY +8.4%)
Operating profit¥3,590 million (YoY -11.0%)
Ordinary income¥3,580 million (YoY -18.6%)
Net income¥2,530 million (YoY -17.6%)
Annual Dividend Forecast¥152 per share → ¥121 per share（-20.4%）
Payout ratioActual results for the current fiscal year 52.1 % / Next-year forecast 50.4 %
Shareholder Return PolicyThe company aims for a consolidated dividend payout ratio of 50%. For the 3 years from the fiscal year ending September 2027 onward, it will introduce progressive dividends starting from the fiscal year ending September 2027, based on a dividend of ¥121 per share, and aims to maintain or increase the dividend per share.
Factors Behind Changes in Business Performance
Net sales decreased due to the subsiding of China's policy promoting replacement purchases of consumer goods, demand for replacement televisions ahead of the World Cup and other factors, including a decline in shipments of organic EL panels for smartphones. Operating profit increased by ¥1,957.545 million due to the impact of changing the useful lives of machinery and equipment used in the large photomask business from 5 years to 10 years.
Disclosure regarding the going concern assumption
None.
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 Available修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Material subsequent eventsNot applicable.
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on disposal of property, plant and equipment ¥8.10 million, Impairment Losses on Shares of Affiliates ¥28 million
Depreciation and amortization¥1,755.76 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Institutional investors and analysts
Issued Shares at Period-End11,368,400 shares
Treasury Shares at Period-End971,493 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025 to 30 September 2026 |
| Net Sales | ¥27,862 million (YoY -4.5%) |
| Operating profit | ¥4,033 million (YoY +4.7%) |
| Ordinary income | ¥4,397 million (YoY +14.3%) |
| Profit attributable to owners of the parent | ¥3,069 million (YoY +12.4%) |
| Net income per share | ¥295.36 |
| Operating Margin | 14.5 |
| Equity ratio | End of the current fiscal period 82 / End of previous period 81.4 |
| Total assets | ¥45,586 million |
| Net assets | ¥37,360 million |
| Cash flows from operating activities | ¥5,001 million |
| Cash flows from investing activities | ¥-4,002 million |
| Cash flows from financing activities | ¥-1,395 million |
| Cash and cash equivalents at end of period | ¥9,393 million |
| Full-year earnings forecast | Net Sales ¥30,200 million (YoY +8.4%) / Operating profit ¥3,590 million (YoY -11.0%) / Ordinary income ¥3,580 million (YoY -18.6%) / Net income ¥2,530 million (YoY -17.6%) |
| Annual Dividend Forecast | ¥152 per share → ¥121 per share（-20.4%） |
| Payout ratio | Actual results for the current fiscal year 52.1 % / Next-year forecast 50.4 % |
| Shareholder Return Policy | The company aims for a consolidated dividend payout ratio of 50%. For the 3 years from the fiscal year ending September 2027 onward, it will introduce progressive dividends starting from the fiscal year ending September 2027, based on a dividend of ¥121 per share, and aims to maintain or increase the dividend per share. |
| Segment revenue | Large photomask business ¥26,909.62 million (YoY -6.5%) / Solutions Business ¥118.59 million (YoY +40.6%) / Screen mask and metal mask business ¥834.11 million |
| Segment profit | Large photomask business ¥4,268.79 million (YoY +1.7%) / Solutions Business ¥-298.32 million / Screen mask and metal mask business ¥63.20 million |
| Depreciation and amortization | ¥1,755.76 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Loss on disposal of property, plant and equipment ¥8.10 million, Impairment Losses on Shares of Affiliates ¥28 million |
| Disclosure regarding the going concern assumption | None. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate Available / Restatement None |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name Not applicable |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Whether applicable Available / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 11,368,400 shares |
| Treasury Shares at Period-End | 971,493 shares |
| Factors Behind Changes in Business Performance | Net sales decreased due to the subsiding of China's policy promoting replacement purchases of consumer goods, demand for replacement televisions ahead of the World Cup and other factors, including a decline in shipments of organic EL panels for smartphones. Operating profit increased by ¥1,957.545 million due to the impact of changing the useful lives of machinery and equipment used in the large photomask business from 5 years to 10 years. |
Items this document does not state (4)
Revision to Earnings ForecastRegional salesOrders received and order backlogImpairment loss
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.Demand for replacement televisions ahead of the World Cup and China's policy promoting replacement purchases of consumer goods subsided, and shipments of organic EL panels for smartphones also declined. Meanwhile, revising the useful lives of machinery and equipment from 5 years to 10 years increased operating profit and other items by ¥1,957.545 million.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.