Worth reading
67In focus
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-29.6
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPNet Sales8,027,256¥ thousandYear on year -0.4%
Operating profit526,169¥ thousandYear on year -29.6%
Ordinary income599,149¥ thousandYear on year -22.8%
Net income attributable to owners of the parent506,437¥ thousandYear on year -8.5%
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.
Financial position at period-end
Total assets24,246,600¥ thousand
of which net assets 18,748,057 ¥ thousand
The shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.
Cash inflows and outflows
Operating+1,474,498
Investment-271,220
Financials-910,982
Net change+292,296
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.
Cash and cash equivalents at end of period¥4,473,514 thousand
Segment revenueMeasurement Equipment ¥7,355,623 thousand (YoY +0.2%), Consulting ¥671,632 thousand (YoY -6.9%)
Segment profitMeasurement Equipment ¥2,709,895 thousand (YoY -1.1%), Consulting ¥299,441 thousand (YoY -13.9%)
Outlook and shareholder returns
Revision to Earnings ForecastNo change
Factors Behind Changes in Business Performance
自動車試験分野の販売増があったものの、前期のダムおよび防衛関連の大口案件による反動減を補いきれず売上高が減少。材料費高騰による原価率上昇および販売費及び一般管理費の増加により営業利益・経常利益が減少。
Disclosure regarding the going concern assumption
Not applicable.
Material subsequent events2027年1月1日を効力発生日として、株式会社山形共和電業、株式会社甲府共和電業、株式会社共和サービスセンターの3社を吸収合併する基本合意書を締結。正式契約は2026年10月に締結予定。
Impairment loss該当事項なし（固定資産の減損損失に関する情報）
Breakdown of extraordinary income (loss)Extraordinary income Gain on Sale of Investment Securities ¥119,003 thousand / Extraordinary loss Not disclosed
Depreciation and amortization¥251,314 thousand
Orders received and order backlogOrders received ¥9,078,815 thousand / Order backlog ¥6,103,230 thousand
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥8,027,256 thousand (YoY -0.4%) |
| Operating profit | ¥526,169 thousand (YoY -29.6%) |
| Ordinary income | ¥599,149 thousand (YoY -22.8%) |
| Profit attributable to owners of the parent | ¥506,437 thousand (YoY -8.5%) |
| Total assets | ¥24,246,600 thousand |
| Net assets | ¥18,748,057 thousand |
| Cash flows from operating activities | ¥1,474,498 thousand |
| Cash flows from investing activities | ¥-271,220 thousand |
| Cash flows from financing activities | ¥-910,982 thousand |
| Cash and cash equivalents at end of period | ¥4,473,514 thousand |
| Revision to Earnings Forecast | No change |
| Segment revenue | Measurement Equipment ¥7,355,623 thousand (YoY +0.2%), Consulting ¥671,632 thousand (YoY -6.9%) |
| Segment profit | Measurement Equipment ¥2,709,895 thousand (YoY -1.1%), Consulting ¥299,441 thousand (YoY -13.9%) |
| Orders received and order backlog | Orders received ¥9,078,815 thousand / Order backlog ¥6,103,230 thousand |
| Depreciation and amortization | ¥251,314 thousand |
| Impairment loss | 該当事項なし（固定資産の減損損失に関する情報） |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on Sale of Investment Securities ¥119,003 thousand / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | Not applicable. |
| Material subsequent events | 2027年1月1日を効力発生日として、株式会社山形共和電業、株式会社甲府共和電業、株式会社共和サービスセンターの3社を吸収合併する基本合意書を締結。正式契約は2026年10月に締結予定。 |
| Factors Behind Changes in Business Performance | 自動車試験分野の販売増があったものの、前期のダムおよび防衛関連の大口案件による反動減を補いきれず売上高が減少。材料費高騰による原価率上昇および販売費及び一般管理費の増加により営業利益・経常利益が減少。 |
Items this document does not state (14)
Net income per shareOperating MarginEquity ratioFull-year earnings forecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesChange in accounting policyChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued 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.自動車試験分野が販売増となった一方、前期にあったダムおよび防衛関連の大口案件による反動減を補いきれませんでした。利益面では、材料費高騰による原価率上昇および販売費及び一般管理費の増加が挙げられています。
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.