Worth reading
56In focus
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
5910
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales22,179¥ millionYear on year +36.3%Progress 41.8%
Operating profit214¥ millionYear on year -37.1%Progress 53.5%
Ordinary income295¥ millionYear on year -24.4%Progress 73.8%
Net income attributable to owners of the parent103¥ millionYear on year -62.3%
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¥15.06
Financial position at period-end
Total assets67,276¥ million
of which net assets 35,928 ¥ millionEquity ratio 53.4%vs. prior year-end +4.1pt
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.
Segment revenueRailway Rolling Stock Business ¥21,749 million (YoY +37.2%), Real Estate Leasing Business ¥429 million (YoY +2.4%)
Segment profitRailway Rolling Stock Business ¥449 million, Real Estate Leasing Business ¥378 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥53,000 million (YoY +42.9%)
Operating profit¥400 million
Ordinary income¥400 million (YoY +107.4%)
Profit attributable to owners of the parent¥1,900 million (YoY +21.0%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥53,000 million / Operating profit Not disclosed → ¥400 million / Ordinary income Not disclosed → ¥400 million / Profit attributable to owners of the parent Not disclosed → ¥1,900 million
Annual Dividend Forecast50 yen → 50 yen（0.0%）
Factors Behind Changes in Business Performance
The main factor behind the decline in profit was a change in maintenance projects in the United States. Losses from disasters also weighed on earnings.
Disclosure regarding the going concern assumption
Not applicable.
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 companies / Excluded 0 companies / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Losses from disasters ¥83 million
Orders received and order backlogOrders received ¥30,265 million (YoY +52.7%) / Order backlog ¥122,724 million (YoY +2.0%)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End6,908,359 shares
Treasury Shares at Period-End28,368 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥22,179 million (YoY +36.3%) |
| Operating profit | ¥214 million (YoY -37.1%) |
| Ordinary income | ¥295 million (YoY -24.4%) |
| Profit attributable to owners of the parent | ¥103 million (YoY -62.3%) |
| Net income per share | ¥15.06 |
| Equity ratio | End of the current fiscal period 53.4 % / End of previous period 49.3 % |
| Total assets | ¥67,276 million |
| Net assets | ¥35,928 million |
| Full-year earnings forecast | Net Sales ¥53,000 million (YoY +42.9%) / Operating profit ¥400 million / Ordinary income ¥400 million (YoY +107.4%) / Profit attributable to owners of the parent ¥1,900 million (YoY +21.0%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥53,000 million / Operating profit Not disclosed → ¥400 million / Ordinary income Not disclosed → ¥400 million / Profit attributable to owners of the parent Not disclosed → ¥1,900 million |
| Annual Dividend Forecast | 50 yen → 50 yen（0.0%） |
| Segment revenue | Railway Rolling Stock Business ¥21,749 million (YoY +37.2%), Real Estate Leasing Business ¥429 million (YoY +2.4%) |
| Segment profit | Railway Rolling Stock Business ¥449 million, Real Estate Leasing Business ¥378 million |
| Orders received and order backlog | Orders received ¥30,265 million (YoY +52.7%) / Order backlog ¥122,724 million (YoY +2.0%) |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Losses from disasters ¥83 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 companies / Excluded 0 companies / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 6,908,359 shares |
| Treasury Shares at Period-End | 28,368 shares |
| Factors Behind Changes in Business Performance | The main factor behind the decline in profit was a change in maintenance projects in the United States. Losses from disasters also weighed on earnings. |
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 periodPayout ratioShareholder Return PolicyRegional salesDepreciation and amortizationImpairment 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.The main factor behind the decline in operating profit was a change in maintenance projects in the United States, while losses from disasters also weighed on interim net income.
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.