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
6920
¥ million (impairment loss on fixed assets)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales253,115¥ millionYear on year -6.9%Progress 92.2%
Operating profit4,740¥ millionYear on year -30.4%Progress 75.2%
Ordinary income4,711¥ millionYear on year -31.7%Progress 76.0%
Net income attributable to owners of the parent-2,218¥ million
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−¥89.57
Operating MarginCurrent fiscal year 1.9 % / Previous period 2.5 %
Financial position at period-end
Total assets196,119¥ million
of which net assets 93,802 ¥ millionEquity ratio 47.3%vs. prior year-end -0.5pt
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+10,403
Investment-9,071
Financials+590
Net change+1,922
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¥6,109 million
Segment revenueKyushu and Chugoku ¥138,708 million (YoY -9.2%), Kansai and Chukyo ¥60,071 million (YoY -9.3%), Kanto and Tohoku ¥54,334 million (YoY +2.8%)
Segment profitKyushu and Chugoku ¥2,797 million (YoY -32.2%), Kansai and Chukyo ¥1,000 million (YoY -3.4%), Kanto and Tohoku ¥1,012 million (YoY -40.2%)
Outlook and shareholder returns
Full-year earnings forecast
Period Covered1 April 2026 to 31 March 2027
Net Sales¥274,600 million (YoY +8.5%)
Operating profit¥6,300 million (YoY +32.9%)
Ordinary income¥6,200 million (YoY +31.6%)
Net income¥4,100 million
Annual Dividend Forecast¥69 → ¥69（0.0%）
Payout ratioFY2025: 35.9%, FY2026: –, FY2027 forecast: 41.1%
Factors Behind Changes in Business Performance
Revenue declined due to lower sales volumes of steel products and weaker market conditions. In addition to the impact of lower revenue, operating profit declined due in part to higher depreciation associated with capacity expansion. The company recorded impairment losses on fixed assets in the Kyushu and Chugoku areas, resulting in a net loss.
Disclosure regarding the going concern assumption
None. The notes regarding the going concern assumption state, “There are 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 consolidationWhether applicable No / New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsThe Board of Directors resolved to change the reporting segments from the fiscal year ending March 2027. The company will establish a Chugoku and Shikoku area and move from the current three-area structure to a four-area structure.
Impairment loss¥6,920 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥2 million / Extraordinary loss Impairment Losses ¥6,920 million
Depreciation and amortization¥4,913 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors
Issued Shares at Period-End25,123,913 Shares
Treasury Shares at Period-End691,410 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥253,115 million (YoY -6.9%) |
| Operating profit | ¥4,740 million (YoY -30.4%) |
| Ordinary income | ¥4,711 million (YoY -31.7%) |
| Profit attributable to owners of the parent | ¥-2,218 million |
| Net income per share | −¥89.57 |
| Operating Margin | Current fiscal year 1.9 % / Previous period 2.5 % |
| Equity ratio | End of the current fiscal period 47.3 % / End of previous period 47.8 % |
| Total assets | ¥196,119 million |
| Net assets | ¥93,802 million |
| Cash flows from operating activities | ¥10,403 million |
| Cash flows from investing activities | ¥-9,071 million |
| Cash flows from financing activities | ¥590 million |
| Cash and cash equivalents at end of period | ¥6,109 million |
| Full-year earnings forecast | Period Covered 1 April 2026 to 31 March 2027 / Net Sales ¥274,600 million (YoY +8.5%) / Operating profit ¥6,300 million (YoY +32.9%) / Ordinary income ¥6,200 million (YoY +31.6%) / Net income ¥4,100 million |
| Annual Dividend Forecast | ¥69 → ¥69（0.0%） |
| Payout ratio | FY2025: 35.9%, FY2026: –, FY2027 forecast: 41.1% |
| Segment revenue | Kyushu and Chugoku ¥138,708 million (YoY -9.2%), Kansai and Chukyo ¥60,071 million (YoY -9.3%), Kanto and Tohoku ¥54,334 million (YoY +2.8%) |
| Segment profit | Kyushu and Chugoku ¥2,797 million (YoY -32.2%), Kansai and Chukyo ¥1,000 million (YoY -3.4%), Kanto and Tohoku ¥1,012 million (YoY -40.2%) |
| Depreciation and amortization | ¥4,913 million |
| Impairment loss | ¥6,920 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2 million / Extraordinary loss Impairment Losses ¥6,920 million |
| Disclosure regarding the going concern assumption | None. The notes regarding the going concern assumption state, “There are 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 | Whether applicable No / New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | The Board of Directors resolved to change the reporting segments from the fiscal year ending March 2027. The company will establish a Chugoku and Shikoku area and move from the current three-area structure to a four-area structure. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors |
| Issued Shares at Period-End | 25,123,913 Shares |
| Treasury Shares at Period-End | 691,410 Shares |
| Factors Behind Changes in Business Performance | Revenue declined due to lower sales volumes of steel products and weaker market conditions. In addition to the impact of lower revenue, operating profit declined due in part to higher depreciation associated with capacity expansion. The company recorded impairment losses on fixed assets in the Kyushu and Chugoku areas, resulting in a net loss. |
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlog
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.Revenue declined due to lower sales volumes of steel products and weaker market conditions. Higher depreciation associated with capacity expansion also reduced operating profit. In addition, the company recorded impairment losses on fixed assets in the Kyushu and Chugoku areas.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.