Komori
Earnings6870Fenwal Controls of Japan,Ltd.Electrical Equipment and Precision Instruments

Summary of Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

In the first quarter, net sales increased 10.0% year on year and operating income increased 38.5%, while net income attributable to owners of the parent decreased 21.8%. The decline in net income was due to the reversal of the gain on liquidation of an associate recorded in the same period of the previous year.

Worth reading
51Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
10
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAP
Net Sales4,246¥ millionYear on year +10.0%Progress 33.7%
Operating profit841¥ millionYear on year +38.5%Progress 81.7%
Ordinary income850¥ millionYear on year +49.5%Progress 77.3%
Net income attributable to owners of the parent584¥ millionYear on year -21.8%Progress 66.4%

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¥104.21
Financial position at period-end
Total assets19,886¥ million
of which net assets 15,064 ¥ millionEquity ratio 75.8%vs. prior year-end -0.2pt

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.

Segment revenueSSP segment ¥1,434 million (YoY +23.1%), Thermal segment ¥738 million (YoY +46.0%), Medical segment ¥266 million (YoY -12.3%), PWBA segment ¥235 million (YoY -5.4%), Fire-Pump Division ¥1,571 million (YoY -3.9%)
Segment profitSSP segment ¥589,881 thousand, Thermal segment ¥117,616 thousand, Medical segment ¥24,153 thousand, PWBA segment ¥34,269 thousand, Fire-Pump Division ¥237,834 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥12,600 million (YoY -2.4%)
Operating profit¥1,030 million (YoY -2.5%)
Ordinary income¥1,100 million (YoY -3.9%)
Net income¥880 million (YoY -29.4%)
Annual Dividend Forecast¥76 → ¥78(+2.6%)
Factors Behind Changes in Business Performance

Firm demand for fire protection maintenance inspections and renovation work in the SSP segment, and higher demand in the semiconductor market in the Thermal segment. Operating income increased as gross profit rose with higher sales. The decline in net income was due to the reversal of the ¥322 million gain on liquidation of an associate recorded in the same period of the previous year.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 No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 consolidationNew 0 / Excluded 0 / Company name None
Breakdown of extraordinary income (loss)Current fiscal year Extraordinary income No applicable matters / Extraordinary loss No applicable matters / Prior-year period Gain on sale of investment securities ¥57,508 thousand, Gain on liquidation of affiliates ¥322,819 thousand
Depreciation and amortization¥68,592 thousand
Orders received and order backlogOrders received ¥3,184 million (YoY +9.9%) / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End5,893,000 shares
Treasury Shares at Period-End285,547 treasury shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–31 March 2026
Net Sales¥4,246 million (YoY +10.0%)
Operating profit¥841 million (YoY +38.5%)
Ordinary income¥850 million (YoY +49.5%)
Profit attributable to owners of the parent¥584 million (YoY -21.8%)
Net income per share¥104.21
Equity ratioEnd of the current fiscal period 75.8 / End of previous period 76
Total assets¥19,886 million
Net assets¥15,064 million
Full-year earnings forecastNet Sales ¥12,600 million (YoY -2.4%) / Operating profit ¥1,030 million (YoY -2.5%) / Ordinary income ¥1,100 million (YoY -3.9%) / Net income ¥880 million (YoY -29.4%)
Annual Dividend Forecast¥76 → ¥78(+2.6%)
Segment revenueSSP segment ¥1,434 million (YoY +23.1%), Thermal segment ¥738 million (YoY +46.0%), Medical segment ¥266 million (YoY -12.3%), PWBA segment ¥235 million (YoY -5.4%), Fire-Pump Division ¥1,571 million (YoY -3.9%)
Segment profitSSP segment ¥589,881 thousand, Thermal segment ¥117,616 thousand, Medical segment ¥24,153 thousand, PWBA segment ¥34,269 thousand, Fire-Pump Division ¥237,834 thousand
Orders received and order backlogOrders received ¥3,184 million (YoY +9.9%) / Order backlog Not disclosed
Depreciation and amortization¥68,592 thousand
Breakdown of extraordinary income (loss)Current fiscal year Extraordinary income No applicable matters / Extraordinary loss No applicable matters / Prior-year period Gain on sale of investment securities ¥57,508 thousand, Gain on liquidation of affiliates ¥322,819 thousand
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End5,893,000 shares
Treasury Shares at Period-End285,547 treasury shares
Factors Behind Changes in Business PerformanceFirm demand for fire protection maintenance inspections and renovation work in the SSP segment, and higher demand in the semiconductor market in the Thermal segment. Operating income increased as gross profit rose with higher sales. The decline in net income was due to the reversal of the ¥322 million gain on liquidation of an associate recorded in the same period of the previous year.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesImpairment lossMaterial subsequent events

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.

In the SSP segment, demand for fire protection maintenance inspections and renovation work remained firm. In the Thermal segment, higher demand in the semiconductor market drove increases in orders and sales of hot plates and sensors for semiconductor manufacturing equipment. Operating income increased as gross profit rose with higher sales. The decline in net income was due to the reversal of the ¥322 million gain on liquidation of an associate recorded as extraordinary income in the same period of the previous year following the completion of the liquidation of an overseas subsidiary.

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Summary of Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | Fenwal Controls of Japan,Ltd. (6870) timely disclosure | Komori