Komori
Results6863NIRECO CORPORATIONElectric Appliances & Precision Instruments

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

In the first half of the fiscal year ending March 2027, revenue and profit increased against a backdrop of recovering demand for semiconductors, optical products and related items. Based on earnings progress and the addition of YGK as a subsidiary, the full-year earnings forecast was revised upward, and the annual dividend forecast was also raised to ¥40.

Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
300
¥ million (change in full-year operating profit forecast)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales6,275¥ millionYear on year +24.2%Progress 46.1%
Operating profit960¥ millionYear on year +31.8%Progress 41.7%
Ordinary income1,011¥ millionYear on year +33.4%Progress 42.7%
Net income attributable to owners of the parent818¥ millionYear on year +62.9%

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¥38.12
Financial position at period-end
Total assets20,581¥ million
of which net assets 17,507 ¥ millionEquity ratio 84.7%vs. prior year-end +2.1pt

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+779
Investment-341
Financials-516
Net change-78

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¥4,340 million
Segment revenueIndustrial Automation Business ¥2,878 million (YoY +3.6%), Inspection Equipment Business ¥978 million (YoY +19.7%), Optics business ¥2,174 million (YoY +74.9%)
Segment profitIndustrial Automation Business ¥698 million (YoY +1.7%), Inspection Equipment Business ¥-169 million, Optics business ¥745 million (YoY +75.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥13,600 million (YoY +23.4%)
Operating profit¥2,300 million (YoY +35.2%)
Ordinary income¥2,370 million (YoY +32.0%)
Profit attributable to owners of the parent¥1,740 million (YoY +20.7%)
Revision to Earnings ForecastNet Sales 13,200 / Operating profit 2,000 / Ordinary income 2,100 / Profit attributable to owners of the parent 1,500 → Net Sales 13,600 / Operating profit 2,300 / Ordinary income 2,370 / Profit attributable to owners of the parent 1,740(Net Sales 3 / Operating profit 15 / Ordinary income 12.9 / Profit attributable to owners of the parent 16)
Annual Dividend Forecast89 Yen per share (prior-year actual on a pre-split basis; current-year forecast on a post-split basis) → 40 Yen per share (prior-year actual on a pre-split basis; current-year forecast on a post-split basis)(Approximately 34.8% increase after adjusting for the stock split)
Factors Behind Changes in Business Performance

Capital investment by major customers generally showed signs of recovery, and demand for semiconductor manufacturing and inspection equipment was firm. In the Control Equipment business, revenue and profit increased in the steel and non-ferrous metals sectors. In the Inspection Equipment business, revenue increased due to the contribution from the performance of Oyo Koken Kogyo, while losses widened because of the cost burden associated with certain projects. In the Optics business, revenue and profit increased substantially due to strong demand for optical components for semiconductor manufacturing and inspection equipment, sales of laser equipment and the contribution from Oyo Koken Kogyo's optical crystal business.

Disclosure regarding the going concern assumption

No applicable matters

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 None修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Material subsequent eventsOn 30 October 2026, the company resolved to acquire shares in 株式会社YGK and plans to make it a subsidiary on 20 November 2026. YGK engages in the manufacture of wafer inspection equipment for semiconductors and related products.
Impairment lossNone applicable
Breakdown of extraordinary income (loss)Extraordinary income Gain on Sale of Investment Securities ¥238,001 thousand / Extraordinary loss None applicable
Depreciation and amortization¥141,973 thousand
Orders received and order backlogOrders received Not disclosed / Order backlog ¥8,957 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingNo (target audience: Not disclosed)
Issued Shares at Period-End22,050,000
Treasury Shares at Period-End543,399
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥6,275 million (YoY +24.2%)
Operating profit¥960 million (YoY +31.8%)
Ordinary income¥1,011 million (YoY +33.4%)
Profit attributable to owners of the parent¥818 million (YoY +62.9%)
Net income per share¥38.12
Equity ratioEnd of the current fiscal period 84.7 / End of previous period 82.6
Total assets¥20,581 million
Net assets¥17,507 million
Cash flows from operating activities¥779 million
Cash flows from investing activities¥-341 million
Cash flows from financing activities¥-516 million
Cash and cash equivalents at end of period¥4,340 million
Full-year earnings forecastNet Sales ¥13,600 million (YoY +23.4%) / Operating profit ¥2,300 million (YoY +35.2%) / Ordinary income ¥2,370 million (YoY +32.0%) / Profit attributable to owners of the parent ¥1,740 million (YoY +20.7%)
Revision to Earnings ForecastNet Sales 13,200 / Operating profit 2,000 / Ordinary income 2,100 / Profit attributable to owners of the parent 1,500 → Net Sales 13,600 / Operating profit 2,300 / Ordinary income 2,370 / Profit attributable to owners of the parent 1,740(Net Sales 3 / Operating profit 15 / Ordinary income 12.9 / Profit attributable to owners of the parent 16)
Annual Dividend Forecast89 Yen per share (prior-year actual on a pre-split basis; current-year forecast on a post-split basis) → 40 Yen per share (prior-year actual on a pre-split basis; current-year forecast on a post-split basis)(Approximately 34.8% increase after adjusting for the stock split)
Segment revenueIndustrial Automation Business ¥2,878 million (YoY +3.6%), Inspection Equipment Business ¥978 million (YoY +19.7%), Optics business ¥2,174 million (YoY +74.9%)
Segment profitIndustrial Automation Business ¥698 million (YoY +1.7%), Inspection Equipment Business ¥-169 million, Optics business ¥745 million (YoY +75.6%)
Orders received and order backlogOrders received Not disclosed / Order backlog ¥8,957 million
Depreciation and amortization¥141,973 thousand
Impairment lossNone applicable
Breakdown of extraordinary income (loss)Extraordinary income Gain on Sale of Investment Securities ¥238,001 thousand / Extraordinary loss None applicable
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Material subsequent eventsOn 30 October 2026, the company resolved to acquire shares in 株式会社YGK and plans to make it a subsidiary on 20 November 2026. YGK engages in the manufacture of wafer inspection equipment for semiconductors and related products.
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingNo (target audience: Not disclosed)
Issued Shares at Period-End22,050,000
Treasury Shares at Period-End543,399
Factors Behind Changes in Business PerformanceCapital investment by major customers generally showed signs of recovery, and demand for semiconductor manufacturing and inspection equipment was firm. In the Control Equipment business, revenue and profit increased in the steel and non-ferrous metals sectors. In the Inspection Equipment business, revenue increased due to the contribution from the performance of Oyo Koken Kogyo, while losses widened because of the cost burden associated with certain projects. In the Optics business, revenue and profit increased substantially due to strong demand for optical components for semiconductor manufacturing and inspection equipment, sales of laser equipment and the contribution from Oyo Koken Kogyo's optical crystal business.
Items this document does not state (4)
Operating MarginPayout ratioShareholder Return PolicyRegional sales

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.

As reasons for revising its full-year forecast, the company cited “earnings progress to date and the impact of YGK joining the group, among other factors.” Regarding the revenue and profit increases in the first half, the company cited the generally recovering trend in capital investment by major customers, firm demand for semiconductor manufacturing and inspection equipment, strong demand for optical components, sales of laser equipment and the contribution from the performance of Oyo Koken Kogyo.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | NIRECO CORPORATION (6863) timely disclosure | Komori