Komori
Financial results presentation7414ONOKEN CO.,LTD.Trading & Wholesale

Presentation Materials for the Fiscal Year Ending March 2026 Results

In the fiscal year ended March 2026, revenue declined amid weak demand for steel and depressed steel product market conditions, while higher depreciation and amortization expenses also led to a decline in operating profit. Although the company posted a net loss due to impairment losses, it plans to return to revenue and profit growth and profitability in the fiscal year ending March 2027, assuming higher selling prices and volumes.

Worth reading
77Important
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
-6.9
Year-on-year change (revenue, %)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending March 202616 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥253,115 million-6.9%
Operating profit¥4,740 million-30.4%
Ordinary income¥4,711 million-31.7%
Net income¥-2,218 million
Selling, general and administrative expenses¥21,555 million
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥274,600 million
Operating profit
¥6,300 million
Ordinary income
¥6,200 million
Net income
¥4,100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Steel price factors¥-68 million
  • Steel volume factors¥-511 million
  • Building materials and other factors¥-167 million
  • Selling, general and administrative expense factor¥-1,324 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company expects higher selling prices, increased sales volumes, a recovery in demand, and progress broadly in line with plan on large projects already secured. Numerical assumptions: not disclosed.
New initiatives
  • Opening of the Hokkaido Sales Office
  • Start-up of the new Yamasa headquarters and warehouse, and introduction of processing equipment
  • Making 三友鋼材株式会社 a consolidated subsidiary
  • Subsidized projects for developing logistics processing capabilities and IT infrastructure
  • Transition to a four-area structure
  • Introduction of an executive officer system
  • CRM renewal, use of BI tools, and the Ono Ken e-Place initiative
  • Evaluation of AI applications and integration of core systems
Key KPIsA metric the company considers important as a management benchmark.
  • Number of processing facilities459 Facilities
    Year on year against the same period last yearIncreased from 365 at the end of March 2025
  • Number of delivery trucks223 Units
    Year on year against the same period last yearIncreased from 184 at the end of March 2025
  • Backlog revenue¥294 100 million
  • Backlog profit¥23 100 million
  • Contract liabilities¥758 million
    Year on year against the same period last year¥451 million at the end of March 2025
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • ProductsTotal steel products
    Sales volume1,597
    Volume unitthousand tonnes
    Year-on-year change in volume-1.5
    Selling price114.56
    Price unitYen/kg
    Year-on-year change in unit price-8.5
  • ProductsSteel plates
    Sales volume734
    Volume unitthousand tonnes
    Year-on-year change in volume1
    Selling price106.52
    Price unitYen/kg
    Year-on-year change in unit price-10.7
  • ProductsBar steel products
    Sales volume571
    Volume unitthousand tonnes
    Year-on-year change in volume-1
    Selling price131.13
    Price unitYen/kg
    Year-on-year change in unit price-8
  • ProductsRound steel products
    Sales volume291
    Volume unitthousand tonnes
    Year-on-year change in volume-8.5
    Selling price102.35
    Price unitYen/kg
    Year-on-year change in unit price-4.8
Segment results
  • Kyushu and Chugoku
    Net Sales¥138,708 million (YoY -9.2%)
    Operating profit¥2,797 million (YoY -32.2%)
  • Kansai and Chukyo
    Net Sales¥60,071 million (YoY -9.3%)
    Operating profit¥1,000 million (YoY -3.5%)
  • Kanto and Tohoku
    Net Sales¥54,334 million (YoY +2.8%)
    Operating profit¥1,012 million (YoY -40.2%)
Medium-term management plan targets
  • Target fiscal yearFiscal year ending March 2028
    Net Sales¥3,100 100 million
    Operating profit¥75 100 million
    Unit_Operating profit¥100 million
    EBITDA¥125 100 million
    EBITDA unit¥100 million
    ROE6.0%
  • Target fiscal yearFiscal year ending March 2035
    Net Sales¥5,000 100 million
    Operating profit¥200 100 million
    Unit_Operating profit¥100 million
    EBITDA¥240 100 million
    EBITDA unit¥100 million
    ROE10%
    ROIC6%
Financial targets
ROE
Fiscal year ending March 20255.1%
Fiscal year ending March 20263.9%
Target for the fiscal year ending March 20286.0%
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Not disclosed. The company recognizes risks related to the situation in the Middle East, energy prices, additional US tariffs, inventory valuation, and higher working capital requirements, among others, but has not incorporated them into its earnings forecast because it is difficult to reasonably calculate their impact on results.
Orders received and order backlog
Backlog revenue
¥294 100 million
Backlog profit
¥23 100 million
Number of employees
Construction Division headcount239 people
Prior-year period163 people
Capital expenditures
¥71 hundred million hard investment, fiscal year ended March 2026 actual
Annual Dividend
Fiscal year ending March 2026
Annual¥69 per share
Interim¥34 per share
End of period¥35 per share
Planned for the fiscal year ending March 2027
Annual¥69 per share
Interim¥34 per share
End of period¥35 per share
Payout ratio
30%. The planned payout ratio for the fiscal year ending March 2027 is 41.1%. The dividend will be set at the higher of this level or the minimum dividend of ¥69.
Acquisition of treasury shares
Maximum amount¥10 100 million
Gross profit
¥26,295 million-2.8%
Rate10.4%
Year-on-year change (points)+0.5P
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending 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%)
Net income¥-2,218 million
Gross profit¥26,295 million (YoY -2.8%)
Selling, general and administrative expenses¥21,555 million
Full-year earnings forecastSubject Fiscal year ending March 2027 / Net Sales ¥274,600 million / Operating profit ¥6,300 million / Ordinary income ¥6,200 million / Net income ¥4,100 million
Segment resultsSegment Kyushu and Chugoku / Net Sales ¥138,708 million (YoY -9.2%) / Operating profit ¥2,797 million (YoY -32.2%), Segment Kansai and Chukyo / Net Sales ¥60,071 million (YoY -9.3%) / Operating profit ¥1,000 million (YoY -3.5%), Segment Kanto and Tohoku / Net Sales ¥54,334 million (YoY +2.8%) / Operating profit ¥1,012 million (YoY -40.2%)
Breakdown of Factors Affecting the ChangeFactors Steel price factors / Amount ¥-68 million, Factors Steel volume factors / Amount ¥-511 million, Factors Building materials and other factors / Amount ¥-167 million, Factors Selling, general and administrative expense factor / Amount ¥-1,324 million
Key KPIsIndicator name Number of processing facilities / Value 459 Facilities / Year on year against the same period last year Increased from 365 at the end of March 2025, Indicator name Number of delivery trucks / Value 223 Units / Year on year against the same period last year Increased from 184 at the end of March 2025, Indicator name Backlog revenue / Value ¥294 100 million / Year on year against the same period last year Not disclosed, Indicator name Backlog profit / Value ¥23 100 million / Year on year against the same period last year Not disclosed, Indicator name Contract liabilities / Value ¥758 million / Year on year against the same period last year ¥451 million at the end of March 2025
Unit price and quantity metricsProducts Total steel products / Sales volume 1,597 / Volume unit thousand tonnes / Year-on-year change in volume -1.5 / Selling price 114.56 / Price unit Yen/kg / Year-on-year change in unit price -8.5, Products Steel plates / Sales volume 734 / Volume unit thousand tonnes / Year-on-year change in volume 1 / Selling price 106.52 / Price unit Yen/kg / Year-on-year change in unit price -10.7, Products Bar steel products / Sales volume 571 / Volume unit thousand tonnes / Year-on-year change in volume -1 / Selling price 131.13 / Price unit Yen/kg / Year-on-year change in unit price -8, Products Round steel products / Sales volume 291 / Volume unit thousand tonnes / Year-on-year change in volume -8.5 / Selling price 102.35 / Price unit Yen/kg / Year-on-year change in unit price -4.8
Number of employeesConstruction Division headcount 239 people / Prior-year period 163 people / Change during the period Not disclosed
Assumptions Underlying the Business OutlookThe company expects higher selling prices, increased sales volumes, a recovery in demand, and progress broadly in line with plan on large projects already secured. Numerical assumptions: not disclosed.
Risk amount incorporated into the outlookNot disclosed. The company recognizes risks related to the situation in the Middle East, energy prices, additional US tariffs, inventory valuation, and higher working capital requirements, among others, but has not incorporated them into its earnings forecast because it is difficult to reasonably calculate their impact on results.
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2028 / Net Sales ¥3,100 100 million / Operating profit ¥75 100 million / Unit_Operating profit ¥100 million / EBITDA ¥125 100 million / EBITDA unit ¥100 million / ROE 6.0%, Target fiscal year Fiscal year ending March 2035 / Net Sales ¥5,000 100 million / Operating profit ¥200 100 million / Unit_Operating profit ¥100 million / EBITDA ¥240 100 million / EBITDA unit ¥100 million / ROE 10% / ROIC 6%
Financial targetsROE Fiscal year ending March 2025 5.1% / Fiscal year ending March 2026 3.9% / Target for the fiscal year ending March 2028 6.0% / ROIC Not disclosed
Annual DividendFiscal year ending March 2026 Annual ¥69 per share / Interim ¥34 per share / End of period ¥35 per share / Planned for the fiscal year ending March 2027 Annual ¥69 per share / Interim ¥34 per share / End of period ¥35 per share
Payout ratio30%. The planned payout ratio for the fiscal year ending March 2027 is 41.1%. The dividend will be set at the higher of this level or the minimum dividend of ¥69.
Acquisition of treasury sharesMaximum amount ¥10 100 million / Period Not disclosed
Capital expenditures¥71 hundred million (hard investment, fiscal year ended March 2026 actual)
Orders received and order backlogBacklog revenue ¥294 100 million / Backlog profit ¥23 100 million
New initiativesOpening of the Hokkaido Sales Office, Start-up of the new Yamasa headquarters and warehouse, and introduction of processing equipment, Making 三友鋼材株式会社 a consolidated subsidiary, Subsidized projects for developing logistics processing capabilities and IT infrastructure, Transition to a four-area structure, Introduction of an executive officer system, CRM renewal, use of BI tools, and the Ono Ken e-Place initiative, Evaluation of AI applications and integration of core systems
Items this document does not state (7)
Operating profit marginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsMarket Size / ShareKey points of the Q&A

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.

For the fiscal year ended March 2026, the stated reasons include lower sales volumes of steel products, lower steel product market prices, an overall decline in revenue, higher depreciation and amortization expenses associated with capital investment, and impairment losses on fixed assets in the Kyushu and Chugoku regions. For the fiscal year ending March 2027, the company expects higher selling prices due to rising steel product market prices, a recovery in demand, progress on large-scale construction projects, higher sales volumes in the steel business, and improved spreads.

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.
Presentation Materials for the Fiscal Year Ending March 2026 Results | ONOKEN CO.,LTD. (7414) timely disclosure | Komori