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Financial Results Presentation7670O-WELL CORPORATIONTrading & Wholesale

Financial Results Presentation for the Fiscal Year Ending March 2026

For the fiscal year ending March 2026, revenue fell below the previous year, while operating income, ordinary income and net income increased and exceeded the company's forecasts. The coating-related business reported lower revenue and income, while the electronics-related business reported higher income despite lower revenue.

Worth reading
63In focus
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
1148
¥ million (year-on-year decrease in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFiscal year ending March 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥68,268 million-1.7%
Operating profit¥1,261 million+1.8%
Ordinary income¥1,680 million+5.5%
Net income¥1,798 million +1.0%net income attributable to owners of the parent
Full-year earnings forecast
Net Sales
¥71,000 million
Operating profit
¥1,250 million
Ordinary income
¥1,450 million
Net income
¥1,600 million net income attributable to owners of the parent
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 Sales96.2%
Operating profit100.9%
Ordinary income112.0%
Net income128.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Net sales were slightly below the previous year's actual results, while operating income and below exceeded both the previous year's actual results and the forecasts.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Automobiles¥-7 million
  • Machinery¥-0.3 million
  • Iron and Steel¥-4.2 million
  • Construction and building¥-3.3 million
  • Metal products¥8.5 million
  • Ships and structures¥-2.1 million
  • Other¥-3.1 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Domestic production by the automobile industry, the main customer industry
    AssumptionsIn line with the previous fiscal year
  • Impact of the situation in the Middle East
    AssumptionsNot incorporated into the outlook because a reasonable estimate is difficult
New initiatives
  • Establishment of the MAP Challenge Growth Fund (total capital contribution of ¥1.005 billion)
  • Making 明豊商事株式会社 a wholly owned subsidiary
  • Revision of the personnel system from fiscal 2026
  • Establishment of a corporate division
  • Decision to establish a Sustainability Committee
  • Establishment of DX and OC projects
Key KPIsA metric the company considers important as a management benchmark.
  • Consolidated number of employees618 People
  • Number of domestic locations45 Location
  • Number of overseas locations13 Location
  • Suppliers2,000 companies
  • Customers3,000 companies
  • Drag reduction rate during cruising0.31 %
    Year on year against the same period last yearImproved from 0.24% year on year
  • Expected annual fuel consumption reduction154 tonnes
  • Expected annual CO2 emissions reduction492 tonnes
Segment results
Coatings-Related Business
Net Sales
¥47,861 million-2.3%
Segment profit
¥2,253 million-9.2%
Electronics-Related Business
Net Sales
¥20,407 million-0.2%
Segment profit
¥761 million+32.7%
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2027
Net Sales
¥71,000 million
Operating profit
¥1,250 million
Ordinary income
¥1,450 million
Net income for the current fiscal year
¥1,600 million
ROEMore than 8.0%
Financial targets
ROE
Actual results for the fiscal year ending March 20268.2%
Target for the fiscal year ending March 2027More than 8.0%
Equity ratio
End of fiscal year ending March 202652.5%
Number of stores and locations
End of period45 domestic locations and 13 overseas locations
Number of employees
Number of Employees618 People consolidated, as of the end of March 2026
Annual Dividend
Fiscal year ending March 2026
Annual¥45 per share
Interim¥10 per share
End of period¥35 per share
Forecast for the fiscal year ending March 2027
Annual¥45 per share
Interim¥10 per share
End of period¥35 per share
Payout ratio
Fiscal year ending March 202625.2%
Forecast for the fiscal year ending March 202728.3%
Acquisition of treasury shares
Number of shares acquired195,000 shares in the fiscal year ended March 2025 and 200,000 shares in the fiscal year ending March 2026
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥68,268 million (YoY -1.7%)
Operating profit¥1,261 million (YoY +1.8%)
Ordinary income¥1,680 million (YoY +5.5%)
Net income¥1,798 million (net income attributable to owners of the parent) (YoY +1.0%)
Full-year earnings forecastNet Sales ¥71,000 million / Operating profit ¥1,250 million / Ordinary income ¥1,450 million / Net income ¥1,600 million (net income attributable to owners of the parent)
Progress against full-year forecastNet Sales 96.2% / Operating profit 100.9% / Ordinary income 112.0% / Net income 128.4%
Self-assessment against the planNet sales were slightly below the previous year's actual results, while operating income and below exceeded both the previous year's actual results and the forecasts.
Segment resultsCoatings-Related Business Net Sales ¥47,861 million (YoY -2.3%) / Segment profit ¥2,253 million (YoY -9.2%) / Electronics-Related Business Net Sales ¥20,407 million (YoY -0.2%) / Segment profit ¥761 million (YoY +32.7%)
Breakdown of Factors Affecting the ChangeFactors Automobiles / Amount ¥-7 million, Factors Machinery / Amount ¥-0.3 million, Factors Iron and Steel / Amount ¥-4.2 million, Factors Construction and building / Amount ¥-3.3 million, Factors Metal products / Amount ¥8.5 million, Factors Ships and structures / Amount ¥-2.1 million, Factors Other / Amount ¥-3.1 million
Key KPIsIndicator name Consolidated number of employees / Value 618 People / Year on year against the same period last year Not disclosed, Indicator name Number of domestic locations / Value 45 Location / Year on year against the same period last year Not disclosed, Indicator name Number of overseas locations / Value 13 Location / Year on year against the same period last year Not disclosed, Indicator name Suppliers / Value 2,000 companies / Year on year against the same period last year Not disclosed, Indicator name Customers / Value 3,000 companies / Year on year against the same period last year Not disclosed, Indicator name Drag reduction rate during cruising / Value 0.31 % / Year on year against the same period last year Improved from 0.24% year on year, Indicator name Expected annual fuel consumption reduction / Value 154 tonnes / Year on year against the same period last year Not disclosed, Indicator name Expected annual CO2 emissions reduction / Value 492 tonnes / Year on year against the same period last year Not disclosed
Number of stores and locationsEnd of period 45 domestic locations and 13 overseas locations / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 618 People (consolidated, as of the end of March 2026) / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookItem Domestic production by the automobile industry, the main customer industry / Assumptions In line with the previous fiscal year, Item Impact of the situation in the Middle East / Assumptions Not incorporated into the outlook because a reasonable estimate is difficult
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2027 / Net Sales ¥71,000 million / Operating profit ¥1,250 million / Ordinary income ¥1,450 million / Net income for the current fiscal year ¥1,600 million / ROE More than 8.0%
Financial targetsROE Actual results for the fiscal year ending March 2026 8.2% / Target for the fiscal year ending March 2027 More than 8.0% / Equity ratio End of fiscal year ending March 2026 52.5%
Annual DividendFiscal year ending March 2026 Annual ¥45 per share / Interim ¥10 per share / End of period ¥35 per share / Forecast for the fiscal year ending March 2027 Annual ¥45 per share / Interim ¥10 per share / End of period ¥35 per share
Payout ratioFiscal year ending March 2026 25.2% / Forecast for the fiscal year ending March 2027 28.3% / Total payout ratio Not disclosed
Acquisition of treasury sharesNumber of shares acquired 195,000 shares in the fiscal year ended March 2025 and 200,000 shares in the fiscal year ending March 2026 / Amount under the acquisition limit Not disclosed / Period Not disclosed
New initiativesEstablishment of the MAP Challenge Growth Fund (total capital contribution of ¥1.005 billion), Making 明豊商事株式会社 a wholly owned subsidiary, Revision of the personnel system from fiscal 2026, Establishment of a corporate division, Decision to establish a Sustainability Committee, Establishment of DX and OC projects
Items this document does not state (10)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsRisk amount incorporated into the outlookCapital expendituresOrders 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.

The decline in revenue was attributable to lower domestic automobile production and reduced production in the steel and construction machinery industries, as well as lower sales of software for car navigation systems and automotive touch panels. These factors led to lower revenue and income in the coating-related business, while income increased in the electronics-related business due to growing orders for automotive sensors and motor controllers.

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Financial Results Presentation for the Fiscal Year Ending March 2026 | O-WELL CORPORATION (7670) timely disclosure | Komori