Komori
Earnings7476AS ONE CORPORATIONTrading & Wholesale

Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated)

For the fiscal year ended March 2026, net sales, operating income, ordinary income and net income all reached record highs, resulting in higher sales and profits. For the fiscal year ending March 2027, the company expects increases in net sales, operating income and ordinary income, while forecasting a decline in net income. Annual dividends are expected to increase from ¥65 to ¥66 per share.

Worth reading
50Recurring
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
6.7
%
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales110,698¥ millionYear on year +6.7%Progress 93.9%
Operating profit12,838¥ millionYear on year +10.7%Progress 99.5%
Ordinary income13,228¥ millionYear on year +9.6%Progress 99.1%
Net income attributable to owners of the parent9,179¥ millionYear on year +11.5%Progress 102.3%

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¥128.35
Operating Margin11.6% (11.2% in the previous fiscal year)
Financial position at period-end
Total assets102,421¥ million
of which net assets 71,178 ¥ millionEquity ratio 69.4%vs. prior year-end +2.9pt

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+6,469
Investment-2,474
Financials-8,055
Net change-4,060

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¥14,990 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥117,850 million (YoY +6.5%)
Operating profit¥12,900 million (YoY +0.5%)
Ordinary income¥13,350 million (YoY +0.9%)
Net income¥8,970 million (YoY -2.3%)
Annual Dividend Forecast¥65 → ¥66
Payout ratio50.6% (fiscal year ended March 2026), 52.4% (forecast for fiscal year ending March 2027)
Shareholder Return PolicyThe company plans to pay dividends equal to at least 50% of the benchmark amount, calculated based on net income attributable to owners of the parent excluding the impact of extraordinary gains and losses.
Factors Behind Changes in Business Performance

Expansion of product databases, inventory information and e-commerce connections; relocation and establishment of the Kyushu distribution center; search engine improvements; growth in e-commerce, high-value equipment and semiconductor-related products; improved gross margins on long-tail products and imports; restraint in the increase in freight and other logistics costs; and lower catalog production costs

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 Yes修正再表示 No
Changes in the scope of consolidationNo material changes (0 additions and 0 exclusions)
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Loss on Investment Securities ¥44 million
Depreciation and amortization¥1,826 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End75,012,540 Shares
Treasury Shares at Period-End3,744,930 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥110,698 million (YoY +6.7%)
Operating profit¥12,838 million (YoY +10.7%)
Ordinary income¥13,228 million (YoY +9.6%)
Profit attributable to owners of the parent¥9,179 million (YoY +11.5%)
Net income per share¥128.35
Operating Margin11.6% (11.2% in the previous fiscal year)
Equity ratioEnd of the current fiscal period 69.4% / End of previous period 66.5%
Total assets¥102,421 million
Net assets¥71,178 million
Cash flows from operating activities¥6,469 million
Cash flows from investing activities¥-2,474 million
Cash flows from financing activities¥-8,055 million
Cash and cash equivalents at end of period¥14,990 million
Full-year earnings forecastNet Sales ¥117,850 million (YoY +6.5%) / Operating profit ¥12,900 million (YoY +0.5%) / Ordinary income ¥13,350 million (YoY +0.9%) / Net income ¥8,970 million (YoY -2.3%)
Annual Dividend Forecast¥65 → ¥66
Payout ratio50.6% (fiscal year ended March 2026), 52.4% (forecast for fiscal year ending March 2027)
Shareholder Return PolicyThe company plans to pay dividends equal to at least 50% of the benchmark amount, calculated based on net income attributable to owners of the parent excluding the impact of extraordinary gains and losses.
Depreciation and amortization¥1,826 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Loss on Investment Securities ¥44 million
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No
Changes in the scope of consolidationNo material changes (0 additions and 0 exclusions)
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End75,012,540 Shares
Treasury Shares at Period-End3,744,930 Shares
Factors Behind Changes in Business PerformanceExpansion of product databases, inventory information and e-commerce connections; relocation and establishment of the Kyushu distribution center; search engine improvements; growth in e-commerce, high-value equipment and semiconductor-related products; improved gross margins on long-tail products and imports; restraint in the increase in freight and other logistics costs; and lower catalog production costs
Items this document does not state (6)
Revision to Earnings ForecastSegment revenueSegment profitRegional salesOrders received and order backlogImpairment loss

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.

Growth in net sales was supported by measures including the expansion of product databases, inventory information and e-commerce connections, the relocation and establishment of the Kyushu distribution center, and search engine improvements, as well as growth in e-commerce, high-value equipment and semiconductor-related products. The company also cited improved gross margins on long-tail products and imports, restraint in the increase in freight and warehouse handling costs through logistics initiatives, and lower catalog production costs as factors contributing to higher profits.

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.
Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated) | AS ONE CORPORATION (7476) timely disclosure | Komori