Worth reading
51Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-56.8
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales77,222¥ millionYear on year +8.4%Progress 23.7%
Operating profit693¥ millionYear on year -56.8%Progress 8.7%
Ordinary income859¥ millionYear on year -48.6%Progress 10.7%
Net income attributable to owners of the parent191¥ millionYear on year -81.0%Progress 3.2%
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¥8.85
Financial position at period-end
Total assets277,901¥ million
of which net assets 144,167 ¥ millionEquity ratio 51.3%vs. prior year-end -1.7pt
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 revenue
Iron and Steel23,34330.2%-0.2%
Automotive and industrial machinery components52,11067.5%+12.9%
Other1,7682.3%+5.8%
Segment profit
Iron and Steel-410
Automotive and industrial machinery components2,521+41.1%
Other254+20.1%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥326,000 million (YoY +9.5%)
Operating profit¥8,000 million (YoY +2.8%)
Ordinary income¥8,000 million (YoY -7.2%)
Net income¥6,000 million (YoY -40.9%)
Revision to Earnings ForecastSecond quarter (cumulative) Net Sales Not disclosed → ¥161,000 million / Operating profit Not disclosed → ¥1,500 million / Ordinary income Not disclosed → ¥1,200 million / Net income Not disclosed → ¥1,100 million
Annual Dividend Forecast¥130 → ¥135
Factors Behind Changes in Business Performance
Although sales volume increased for automotive and industrial machinery parts, higher iron scrap prices in the steel business caused the spread to narrow because increases in steel product selling prices failed to keep pace.
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 companies (company name: —) / Excluded 0 companies (company name: —)
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥2 million, Subsidy Income ¥276 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on Disposal of Fixed Assets ¥10 million, Impairment Loss on Investment Securities ¥0 million, Loss on reduction of fixed assets ¥276 million
Depreciation and amortization¥2,968 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not applicable)
Issued Shares at Period-End24,077,510
Treasury Shares at Period-End2,462,614
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥77,222 million (YoY +8.4%) |
| Operating profit | ¥693 million (YoY -56.8%) |
| Ordinary income | ¥859 million (YoY -48.6%) |
| Profit attributable to owners of the parent | ¥191 million (YoY -81.0%) |
| Net income per share | ¥8.85 |
| Equity ratio | End of the current fiscal period 51.3 / End of previous period 53 |
| Total assets | ¥277,901 million |
| Net assets | ¥144,167 million |
| Full-year earnings forecast | Net Sales ¥326,000 million (YoY +9.5%) / Operating profit ¥8,000 million (YoY +2.8%) / Ordinary income ¥8,000 million (YoY -7.2%) / Net income ¥6,000 million (YoY -40.9%) |
| Revision to Earnings Forecast | Second quarter (cumulative) Net Sales Not disclosed → ¥161,000 million / Operating profit Not disclosed → ¥1,500 million / Ordinary income Not disclosed → ¥1,200 million / Net income Not disclosed → ¥1,100 million |
| Annual Dividend Forecast | ¥130 → ¥135 |
| Segment revenue | Iron and Steel ¥23,343 million (YoY -0.2%) / Automotive and industrial machinery components ¥52,110 million (YoY +12.9%) / Other ¥1,768 million (YoY +5.8%) |
| Segment profit | Iron and Steel ¥-410 million / Automotive and industrial machinery components ¥2,521 million (YoY +41.1%) / Other ¥254 million (YoY +20.1%) |
| Depreciation and amortization | ¥2,968 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2 million, Subsidy Income ¥276 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on Disposal of Fixed Assets ¥10 million, Impairment Loss on Investment Securities ¥0 million, Loss on reduction of fixed assets ¥276 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| 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 (company name: —) / Excluded 0 companies (company name: —) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not applicable) |
| Issued Shares at Period-End | 24,077,510 |
| Treasury Shares at Period-End | 2,462,614 |
| Factors Behind Changes in Business Performance | Although sales volume increased for automotive and industrial machinery parts, higher iron scrap prices in the steel business caused the spread to narrow because increases in steel product selling prices failed to keep pace. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial 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 primary factor was a narrowing of the spread because increases in steel product selling prices failed to keep pace with the rise in iron scrap prices. Sales volume increased for automotive and industrial machinery parts.
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.