Komori
Results7521MUSASHI CO.,LTD.Trading & Wholesale

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the first half of the fiscal year ending March 2027, revenue fell 26.5% year on year and operating profit fell 93.1%, resulting in substantial declines in both revenue and profit. While the full-year earnings forecast was left unchanged, the annual dividend forecast was reduced to ¥36 from ¥76 in the previous fiscal year.

Worth reading
54Recurring
Scored from 5 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-93.1
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales14,653¥ millionYear on year -26.5%Progress 44.5%
Operating profit163¥ millionYear on year -93.1%Progress 27.3%
Ordinary income255¥ millionYear on year -89.3%Progress 34.8%
Net income attributable to owners of the parent295¥ millionYear on year -76.8%Progress 50.1%

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¥43.30
Financial position at period-end
Total assets50,132¥ million
of which net assets 37,407 ¥ millionEquity ratio 74.6%vs. prior year-end +4.7pt

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.

Cash inflows and outflows
Operating-234
Investment-72
Financials-398
Net change-704

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¥22,772 million
Segment revenue
Information, Printing and Industrial Systems Equipment8,25056.3%
Financial General-Purpose and Election Systems Equipment2,10214.3%
Paper and paper-processed products4,14828.3%
Real Estate Leasing and Other Businesses1511.0%
Segment profit
Information, Printing and Industrial Systems Equipment148
Financial General-Purpose and Election Systems Equipment-190
Paper and paper-processed products92
Real Estate Leasing and Other Businesses111
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥32,954 million (YoY -18.8%)
Operating profit¥596 million (YoY -87.3%)
Ordinary income¥732 million (YoY -84.5%)
Net income¥589 million (YoY -79.0%)
Net income per share¥86.44
Annual Dividend Forecast¥76 → ¥36(-52.6%)
Factors Behind Changes in Business Performance

Orders from government agencies and local authorities in the document digitization business remained sluggish, as did sales of printing equipment, currency-handling and security equipment for financial institutions, and printing and information paper. Meanwhile, election system equipment and the real estate rental and leasing business, among others, performed solidly. The company also recorded a ¥282 million gain on the sale of investment securities.

Disclosure regarding the going concern assumption

None

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 0 companies / Excluded 0 companies / Company name None
Impairment loss¥0 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥282 million / Extraordinary loss None
Depreciation and amortization¥172 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable Yes / Subject person Securities analysts and institutional investors
Issued Shares at Period-End7,950,000 shares
Treasury Shares at Period-End1,135,786 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥14,653 million (YoY -26.5%)
Operating profit¥163 million (YoY -93.1%)
Ordinary income¥255 million (YoY -89.3%)
Profit attributable to owners of the parent¥295 million (YoY -76.8%)
Net income per share¥43.30
Equity ratioEnd of the current fiscal period 74.6 / End of previous period 69.9
Total assets¥50,132 million
Net assets¥37,407 million
Cash flows from operating activities¥-234 million
Cash flows from investing activities¥-72 million
Cash flows from financing activities¥-398 million
Cash and cash equivalents at end of period¥22,772 million
Full-year earnings forecastNet Sales ¥32,954 million (YoY -18.8%) / Operating profit ¥596 million (YoY -87.3%) / Ordinary income ¥732 million (YoY -84.5%) / Net income ¥589 million (YoY -79.0%) / Net income per share ¥86.44
Annual Dividend Forecast¥76 → ¥36(-52.6%)
Segment revenueSegment Information, Printing and Industrial Systems Equipment / Net Sales ¥8,250 million / Same period of the previous year ¥8,491 million / Year-on-year (%) -2.8, Segment Financial General-Purpose and Election Systems Equipment / Net Sales ¥2,102 million / Same period of the previous year ¥7,060 million / Year-on-year (%) -70.2, Segment Paper and paper-processed products / Net Sales ¥4,148 million / Same period of the previous year ¥4,228 million / Year-on-year (%) -1.9, Segment Real Estate Leasing and Other Businesses / Net Sales ¥151 million / Same period of the previous year ¥151 million / Year-on-year (%) 0
Segment profitSegment Information, Printing and Industrial Systems Equipment / Segment profit ¥148 million / Same period of the previous year ¥-57 million / Year-on-year (%) not_comparable, Segment Financial General-Purpose and Election Systems Equipment / Segment profit ¥-190 million / Same period of the previous year ¥2,247 million / Year-on-year (%) -108.5, Segment Paper and paper-processed products / Segment profit ¥92 million / Same period of the previous year ¥59 million / Year-on-year (%) 55.9, Segment Real Estate Leasing and Other Businesses / Segment profit ¥111 million / Same period of the previous year ¥109 million / Year-on-year (%) 1.8
Depreciation and amortization¥172 million
Impairment loss¥0 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥282 million / Extraordinary loss None
Disclosure regarding the going concern assumptionNone
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationWhether applicable No / New 0 companies / Excluded 0 companies / Company name None
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable Yes / Subject person Securities analysts and institutional investors
Issued Shares at Period-End7,950,000 shares
Treasury Shares at Period-End1,135,786 shares
Factors Behind Changes in Business PerformanceOrders from government agencies and local authorities in the document digitization business remained sluggish, as did sales of printing equipment, currency-handling and security equipment for financial institutions, and printing and information paper. Meanwhile, election system equipment and the real estate rental and leasing business, among others, performed solidly. The company also recorded a ¥282 million gain on the sale of investment securities.
Items this document does not state (7)
Operating MarginRevision to Earnings ForecastPayout 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.

Orders from government agencies and local authorities in the document digitization business, as well as sales of printing equipment, equipment for financial institutions, and printing and information paper, remained sluggish. Election system equipment and the real estate rental and leasing business, among others, performed solidly. Net income attributable to owners of the parent included a ¥282 million gain on the sale of investment securities.

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.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | MUSASHI CO.,LTD. (7521) timely disclosure | Komori