Worth reading
69In 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
12380
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationInterim period of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥45,080 million+37.9%
Operating profit¥2,892 million+187.6%
Ordinary income¥2,952 million+171.5%
Net income¥2,032 million+197.5%
Gross Profit Margin16.4 %
Operating profit margin6.4 %
Results for the three months of the current quarter
Net Sales
1Q¥18,428 million
2Q¥23,145 million
Revenue by product category
Aluminum
1Q¥11,559 million
2Q¥14,426 million
Copper alloys
1Q¥3,010 million
2Q¥3,608 million
Stainless steel
1Q¥3,082 million
2Q¥4,032 million
Other
1Q¥776 million
2Q¥1,077 million
Full-year earnings forecast
Net Sales
¥93,500 million
Operating profit
¥5,480 million
Ordinary income
¥5,660 million
Ordinary income excluding inventory impact
¥4,718 million
Profit attributable to owners of the parent
¥3,810 million
Inventory impact
¥942 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales48.2%
Operating profit52.8%
Ordinary income52.2%
Ordinary income excluding inventory impact46.2%
Profit attributable to owners of the parent53.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
During the interim period, all items met the forecasts revised upward in August 2026Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Increase in selling prices of standard-stock products¥3,949 million
Increase in standard-stock product volumes, etc.¥3,070 million
Increase in selling prices of custom products¥1,982 million
Increase in custom-product volumes, etc.¥2,072 million
Subsidiaries and consolidation adjustments¥1,307 million
Ordinary income
Standard-stock products, etc. (non-consolidated)¥1,846 million
Custom products (non-consolidated)¥660 million
Manufacturing expenses¥-959 million
Selling, general and administrative expenses (non-consolidated)¥-695 million
Non-operating income (loss), non-consolidated¥-185 million
Subsidiaries and consolidation adjustments¥511 million
Change in inventory impact¥687 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Capital investment in semiconductorsRemains at a high level, with solid demand expected to continue
New initiatives
- Establishment of a sales organization consolidating semiconductor-related customers under a specialized department
- Renewal of the Hakudo Net Service interface and addition of new functions
- Preparation for the introduction of an e-commerce package at an investee in Vietnam
- Entering into a sales partner agreement and conducting market research in India
- Strengthening import capabilities for aerospace-standard materials manufactured overseas through collaboration with WCAS
Key KPIsA metric the company considers important as a management benchmark.
Year-on-year change in sales weight of standard-stock products+23.5%
Hakudo Net Service special-order sales indexHakudo Net Service special-order sales index: 48.9 (FY2018 = 1.0)
Percentage of domestic sales to the semiconductor and FPD manufacturing equipment industries45.8%
Percentage of domestic sales to the automotive and motorcycle industries4.7%
Percentage of domestic sales to the aerospace industry4.2%
Overseas sales ratio17.2%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales weight of standard-stock productsUp 23.5% year on year
Selling price of standard-stock productsUp 17.5% year on year
Segment results
Japan
Net Sales
¥39,312 million
Operating profit
¥2,538 million
Ordinary income
¥2,530 million
Profit attributable to owners of parent for the quarter
¥1,674 million
Revenue in the same period of the previous year
¥28,274 million
North America
Net Sales
¥2,999 million
Operating profit
¥96 million
Ordinary income
¥149 million
Profit attributable to owners of parent for the quarter
¥148 million
Revenue in the same period of the previous year
¥2,755 million
China
Net Sales
¥1,558 million
Operating profit
¥119 million
Ordinary income
¥134 million
Profit attributable to owners of parent for the quarter
¥100 million
Revenue in the same period of the previous year
¥867 million
Other (Thailand)
Net Sales
¥1,209 million
Operating profit
¥138 million
Ordinary income
¥138 million
Profit attributable to owners of parent for the quarter
¥108 million
Revenue in the same period of the previous year
¥802 million
Capital expenditures
¥755 million cash outflows for the acquisition of property, plant and equipment
Annual Dividend
¥152 per share
Interim81
End of period71
Payout ratio
45.2%| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Interim period of the fiscal year ending March 2027 |
| Net Sales | ¥45,080 million (YoY +37.9%) |
| Operating profit | ¥2,892 million (YoY +187.6%) |
| Ordinary income | ¥2,952 million (YoY +171.5%) |
| Net income | ¥2,032 million (YoY +197.5%) |
| Gross Profit Margin | 16.4 % |
| Operating profit margin | 6.4 % |
| Results for the three months of the current quarter | Net Sales 1Q ¥18,428 million / 2Q ¥23,145 million / Revenue by product category Aluminum 1Q ¥11,559 million / 2Q ¥14,426 million / Copper alloys 1Q ¥3,010 million / 2Q ¥3,608 million / Stainless steel 1Q ¥3,082 million / 2Q ¥4,032 million / Other 1Q ¥776 million / 2Q ¥1,077 million |
| Full-year earnings forecast | Net Sales ¥93,500 million / Operating profit ¥5,480 million / Ordinary income ¥5,660 million / Ordinary income excluding inventory impact ¥4,718 million / Profit attributable to owners of the parent ¥3,810 million / Inventory impact ¥942 million |
| Progress against full-year forecast | Net Sales 48.2% / Operating profit 52.8% / Ordinary income 52.2% / Ordinary income excluding inventory impact 46.2% / Profit attributable to owners of the parent 53.3% |
| Self-assessment against the plan | During the interim period, all items met the forecasts revised upward in August 2026 |
| Segment results | Japan Net Sales ¥39,312 million / Operating profit ¥2,538 million / Ordinary income ¥2,530 million / Profit attributable to owners of parent for the quarter ¥1,674 million / Revenue in the same period of the previous year ¥28,274 million / North America Net Sales ¥2,999 million / Operating profit ¥96 million / Ordinary income ¥149 million / Profit attributable to owners of parent for the quarter ¥148 million / Revenue in the same period of the previous year ¥2,755 million / China Net Sales ¥1,558 million / Operating profit ¥119 million / Ordinary income ¥134 million / Profit attributable to owners of parent for the quarter ¥100 million / Revenue in the same period of the previous year ¥867 million / Other (Thailand) Net Sales ¥1,209 million / Operating profit ¥138 million / Ordinary income ¥138 million / Profit attributable to owners of parent for the quarter ¥108 million / Revenue in the same period of the previous year ¥802 million |
| Breakdown of Factors Affecting the Change | Net Sales Increase in selling prices of standard-stock products ¥3,949 million / Increase in standard-stock product volumes, etc. ¥3,070 million / Increase in selling prices of custom products ¥1,982 million / Increase in custom-product volumes, etc. ¥2,072 million / Subsidiaries and consolidation adjustments ¥1,307 million / Ordinary income Standard-stock products, etc. (non-consolidated) ¥1,846 million / Custom products (non-consolidated) ¥660 million / Manufacturing expenses ¥-959 million / Selling, general and administrative expenses (non-consolidated) ¥-695 million / Non-operating income (loss), non-consolidated ¥-185 million / Subsidiaries and consolidation adjustments ¥511 million / Change in inventory impact ¥687 million |
| Key KPIs | Year-on-year change in sales weight of standard-stock products +23.5% / Hakudo Net Service special-order sales index Hakudo Net Service special-order sales index: 48.9 (FY2018 = 1.0) / Percentage of domestic sales to the semiconductor and FPD manufacturing equipment industries 45.8% / Percentage of domestic sales to the automotive and motorcycle industries 4.7% / Percentage of domestic sales to the aerospace industry 4.2% / Overseas sales ratio 17.2% |
| Unit price and quantity metrics | Sales weight of standard-stock products Up 23.5% year on year / Selling price of standard-stock products Up 17.5% year on year |
| Assumptions Underlying the Business Outlook | Capital investment in semiconductors Remains at a high level, with solid demand expected to continue |
| Annual Dividend | ¥152 per share |
| Payout ratio | 45.2% |
| Capital expenditures | ¥755 million (cash outflows for the acquisition of property, plant and equipment) |
| New initiatives | Establishment of a sales organization consolidating semiconductor-related customers under a specialized department, Renewal of the Hakudo Net Service interface and addition of new functions, Preparation for the introduction of an e-commerce package at an investee in Vietnam, Entering into a sales partner agreement and conducting market research in India, Strengthening import capabilities for aerospace-standard materials manufactured overseas through collaboration with WCAS |
Items this document does not state (10)
Selling, general and administrative expensesNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesOrders 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.Sales volume by weight to the semiconductor manufacturing equipment industry increased against a backdrop of expanding semiconductor demand for generative AI, while selling prices also rose. Profit margins improved through the strengthening of the sales organization, expansion of overseas operations, price revisions and increased sales of high-value-added products.
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.