Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
77
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 2026, full year13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales6,878 Hundreds of millions of yen+46.7%
Operating profit224 Hundreds of millions of yen+77.0%
Ordinary income235 Hundreds of millions of yen+74.1%
Net income167 Hundreds of millions of yen+77.2%
Operating profit margin3.3%, up 0.6 percentage points year on year
Selling, general and administrative expensesAmount and SG&A expenses-to-revenue ratio: not disclosed. Factors affecting the change include a ¥3.4 billion increase in manufacturing costs and SG&A expenses in the precious metals-related business, and a ¥500 million increase in SG&A expenses in the food-related business.
Full-year earnings forecast
Net Sales
7,000 Hundreds of millions of yen
Operating profit
240 Hundreds of millions of yen
Ordinary income
246 Hundreds of millions of yen
Net income for the current fiscal year
171 Hundreds of millions of yen
Earnings per share
¥661.7
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Under the previous medium-term management plan, revenue and operating profit substantially exceeded their targets, while operating cash flow fell short of expectations.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Precious metals-related business
Volume factor
62 Hundreds of millions of yen
Margin improvement (including market-price effects)
64 Hundreds of millions of yen
Increase in manufacturing costs and SG&A expenses
-34 Hundreds of millions of yen
Food-Related Business
Volume factor
4 Hundreds of millions of yen
Margin Improvement
7 Hundreds of millions of yen
Increase in SG&A expenses
-5 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Precious metal price (gold)¥24,000 /g
- Precious metal price (silver)¥400 /g
- Capital Expenditure73 Hundreds of millions of yen
- Depreciation40 Hundreds of millions of yen
New initiatives
- Launch of Medium-Term Management Plan 2028
- Expansion and reinforcement of production infrastructure
- Creation of new sources of revenue
- ERP renewal, promotion of DX, and implementation of RPA/BI and other technologies
- Strengthening Information Security Measures
- Promoting Human Capital Management
- Development of a horizontal recycling scheme for lithium-ion batteries
Key KPIsA metric the company considers important as a management benchmark.
- ROE15.4 %Year on year against the same period last year+5.5%Year-on-year comparison unitPoints
- ROA (ordinary profit to total assets)11.9 %
- Net income per share¥647.5Year on year against the same period last year+77.5%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Precious metals-related business: gold—volume factor +5.7%, price factor +53.7%; silver—volume factor ▲1.4%, price factor +71.8%; platinum-group metals—volume factor +10.1%, price factor +50.8%. Food-related business: seafood—volume factor +1.6%, price factor +7.6%; livestock products—+3.1% and +6.2%; agricultural products—+4.0% and +1.8%.Segment results
Precious metals-related business
Net Sales
5,704 Hundreds of millions of yen+57.7%
Operating profit
193 Hundreds of millions of yen+90.0%
Food-Related Business
Net Sales
1,174 Hundreds of millions of yen+9.6%
Operating profit
31 Hundreds of millions of yen+23.9%
Medium-term management plan targets
Plan nameMedium-Term Management Plan 2028
Target fiscal yearFY28 (fiscal 2028)
Operating profit
280 Hundreds of millions of yen
Operating cash flow
¥350 100 million, cumulative over 3 years
ROE11.0% or higher
ROAAt least 10.0%
Financial targets
ROE
Target11.0% or higher
Actual results15.4%
ROA (ordinary profit to total assets)
TargetAt least 10.0%
Actual results11.9%
Capital expenditures
73 Hundreds of millions of yen
Annual Dividend
Fiscal year ending March 2026
¥100 per share
Forecast for the fiscal year ending March 2027
¥110 per share
Payout ratio
Not disclosed. DOE target of 2.5% or higher for the fiscal year ending March 2029Acquisition of treasury shares
Amount, number of shares and period: not disclosed. The plan states a policy of flexible share repurchases taking market conditions into consideration.| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | 6,878 Hundreds of millions of yen (YoY +46.7%) |
| Operating profit | 224 Hundreds of millions of yen (YoY +77.0%) |
| Ordinary income | 235 Hundreds of millions of yen (YoY +74.1%) |
| Net income | 167 Hundreds of millions of yen (YoY +77.2%) |
| Operating profit margin | 3.3%, up 0.6 percentage points year on year |
| Selling, general and administrative expenses | Amount and SG&A expenses-to-revenue ratio: not disclosed. Factors affecting the change include a ¥3.4 billion increase in manufacturing costs and SG&A expenses in the precious metals-related business, and a ¥500 million increase in SG&A expenses in the food-related business. |
| Full-year earnings forecast | Net Sales 7,000 Hundreds of millions of yen / Operating profit 240 Hundreds of millions of yen / Ordinary income 246 Hundreds of millions of yen / Net income for the current fiscal year 171 Hundreds of millions of yen / Earnings per share ¥661.7 |
| Self-assessment against the plan | Under the previous medium-term management plan, revenue and operating profit substantially exceeded their targets, while operating cash flow fell short of expectations. |
| Segment results | Precious metals-related business Net Sales 5,704 Hundreds of millions of yen (YoY +57.7%) / Operating profit 193 Hundreds of millions of yen (YoY +90.0%) / Food-Related Business Net Sales 1,174 Hundreds of millions of yen (YoY +9.6%) / Operating profit 31 Hundreds of millions of yen (YoY +23.9%) |
| Breakdown of Factors Affecting the Change | Precious metals-related business Volume factor 62 Hundreds of millions of yen / Margin improvement (including market-price effects) 64 Hundreds of millions of yen / Increase in manufacturing costs and SG&A expenses -34 Hundreds of millions of yen / Food-Related Business Volume factor 4 Hundreds of millions of yen / Margin Improvement 7 Hundreds of millions of yen / Increase in SG&A expenses -5 Hundreds of millions of yen |
| Key KPIs | ROE 15.4 %, ROA (ordinary profit to total assets) 11.9 %, Net income per share ¥647.5 |
| Unit price and quantity metrics | Precious metals-related business: gold—volume factor +5.7%, price factor +53.7%; silver—volume factor ▲1.4%, price factor +71.8%; platinum-group metals—volume factor +10.1%, price factor +50.8%. Food-related business: seafood—volume factor +1.6%, price factor +7.6%; livestock products—+3.1% and +6.2%; agricultural products—+4.0% and +1.8%. |
| Assumptions Underlying the Business Outlook | Item Precious metal price (gold) / Value ¥24,000 /g, Item Precious metal price (silver) / Value ¥400 /g, Item Capital Expenditure / Value 73 Hundreds of millions of yen, Item Depreciation / Value 40 Hundreds of millions of yen |
| Medium-term management plan targets | Plan name Medium-Term Management Plan 2028 / Target fiscal year FY28 (fiscal 2028) / Operating profit 280 Hundreds of millions of yen / Operating cash flow ¥350 100 million, cumulative over 3 years / ROE 11.0% or higher / ROA At least 10.0% |
| Financial targets | ROE Target 11.0% or higher / Actual results 15.4% / ROA (ordinary profit to total assets) Target At least 10.0% / Actual results 11.9% |
| Annual Dividend | Fiscal year ending March 2026 ¥100 per share / Forecast for the fiscal year ending March 2027 ¥110 per share / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Not disclosed. DOE target of 2.5% or higher for the fiscal year ending March 2029 |
| Acquisition of treasury shares | Amount, number of shares and period: not disclosed. The plan states a policy of flexible share repurchases taking market conditions into consideration. |
| Capital expenditures | 73 Hundreds of millions of yen |
| New initiatives | Launch of Medium-Term Management Plan 2028, Expansion and reinforcement of production infrastructure, Creation of new sources of revenue, ERP renewal, promotion of DX, and implementation of RPA/BI and other technologies, Strengthening Information Security Measures, Promoting Human Capital Management, Development of a horizontal recycling scheme for lithium-ion batteries |
Items this document does not state (9)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookOrders received and order backlogMarket 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.In the precious metals-related business, higher precious metal prices and increased recycled-material handling volumes contributed to higher revenue, while profit margins also improved. In the food-related business, increased sales volumes and the pass-through of higher raw material costs contributed to results.
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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