Worth reading
58In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
5.3
Year-on-year decline in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales34,479¥ millionYear on year +0.8%Progress 97.1%
Operating profit1,302¥ millionYear on year -5.3%Progress 79.9%
Ordinary income1,455¥ millionYear on year -1.6%Progress 89.6%
Net income attributable to owners of the parent1,114¥ millionYear on year -10.7%Progress 97.8%
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¥66.75
Operating Margin3.8%
Financial position at period-end
Total assets34,654¥ million
of which net assets 19,998 ¥ millionEquity ratio 57.3%vs. prior year-end -0.5pt
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+1,129
Investment-1,458
Financials-477
Net change-806
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¥5,935 million
Segment revenueInformation and Communications ¥16,181 million (YoY -2.6%), Solutions Sales ¥13,825 million (YoY +16.7%), Semiconductor-related masks ¥6,388 million (YoY +5.0%), Real Estate Leasing ¥782 million (YoY +0.9%)
Segment profitInformation and Communications ¥348 million (YoY -41.4%), Solutions Sales ¥392 million (YoY +51.3%), Semiconductor-related masks ¥566 million (YoY +28.4%), Real Estate Leasing ¥424 million (YoY -5.2%)
Regional sales¥30,941 million, ¥2,521 million, ¥448 million, ¥356 million, ¥211 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥35,500 million (YoY +3.0%)
Operating profit¥1,630 million (YoY +25.1%)
Ordinary income¥1,624 million (YoY +11.6%)
Net income¥1,139 million (YoY +2.2%)
Annual Dividend Forecast¥47.00 (actual for the fiscal year ended March 2026; before the stock split) → ¥23.50 (forecast for the fiscal year ending March 2027; after the stock split)（0.0% (after taking the stock split into account)）
Payout ratio34.5%
Shareholder Return PolicyThe company sets a floor for dividend payments and raises the floor progressively over the plan period. The minimum dividend for the fiscal year ending March 2027 is ¥18.50 per share.
Factors Behind Changes in Business Performance
The contraction of Japan's printing market, a decline in commercial printed materials, intensifying competition and higher costs reduced profits in Information and Communications and Real Estate Leasing. Meanwhile, Solutions Sales benefited from higher revenue and increased sales of the company's own high-margin branded products, while Semiconductor-Related Masks benefited from the effects of capital investment and structural reforms, resulting in higher profits.
Disclosure regarding the going concern assumption
Not applicable.
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 consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Material subsequent eventsEffective 1 April 2026, the company split each share of common stock into 2 shares and accordingly changed the total number of authorized shares.
Impairment loss¥81 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥141 million, Gain on sale of investment securities ¥263 million, Other ¥3 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥49 million, Impairment Losses ¥81 million, Special investigation expenses and related costs ¥6 million, Provision for dismantling and removal costs ¥16 million, Other ¥1 million
Depreciation and amortization¥1,009 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End17,562,000 shares
Treasury Shares at Period-End838,642 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥34,479 million (YoY +0.8%) |
| Operating profit | ¥1,302 million (YoY -5.3%) |
| Ordinary income | ¥1,455 million (YoY -1.6%) |
| Profit attributable to owners of the parent | ¥1,114 million (YoY -10.7%) |
| Net income per share | ¥66.75 |
| Operating Margin | 3.8% |
| Equity ratio | End of the current fiscal period 57.3% / End of previous period 57.8% |
| Total assets | ¥34,654 million |
| Net assets | ¥19,998 million |
| Cash flows from operating activities | ¥1,129 million |
| Cash flows from investing activities | ¥-1,458 million |
| Cash flows from financing activities | ¥-477 million |
| Cash and cash equivalents at end of period | ¥5,935 million |
| Full-year earnings forecast | Net Sales ¥35,500 million (YoY +3.0%) / Operating profit ¥1,630 million (YoY +25.1%) / Ordinary income ¥1,624 million (YoY +11.6%) / Net income ¥1,139 million (YoY +2.2%) |
| Annual Dividend Forecast | ¥47.00 (actual for the fiscal year ended March 2026; before the stock split) → ¥23.50 (forecast for the fiscal year ending March 2027; after the stock split)（0.0% (after taking the stock split into account)） |
| Payout ratio | 34.5% |
| Shareholder Return Policy | The company sets a floor for dividend payments and raises the floor progressively over the plan period. The minimum dividend for the fiscal year ending March 2027 is ¥18.50 per share. |
| Segment revenue | Information and Communications ¥16,181 million (YoY -2.6%), Solutions Sales ¥13,825 million (YoY +16.7%), Semiconductor-related masks ¥6,388 million (YoY +5.0%), Real Estate Leasing ¥782 million (YoY +0.9%) |
| Segment profit | Information and Communications ¥348 million (YoY -41.4%), Solutions Sales ¥392 million (YoY +51.3%), Semiconductor-related masks ¥566 million (YoY +28.4%), Real Estate Leasing ¥424 million (YoY -5.2%) |
| Regional sales | ¥30,941 million, ¥2,521 million, ¥448 million, ¥356 million, ¥211 million |
| Depreciation and amortization | ¥1,009 million |
| Impairment loss | ¥81 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥141 million, Gain on sale of investment securities ¥263 million, Other ¥3 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥49 million, Impairment Losses ¥81 million, Special investigation expenses and related costs ¥6 million, Provision for dismantling and removal costs ¥16 million, Other ¥1 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name Not disclosed |
| Material subsequent events | Effective 1 April 2026, the company split each share of common stock into 2 shares and accordingly changed the total number of authorized shares. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 17,562,000 shares |
| Treasury Shares at Period-End | 838,642 shares |
| Factors Behind Changes in Business Performance | The contraction of Japan's printing market, a decline in commercial printed materials, intensifying competition and higher costs reduced profits in Information and Communications and Real Estate Leasing. Meanwhile, Solutions Sales benefited from higher revenue and increased sales of the company's own high-margin branded products, while Semiconductor-Related Masks benefited from the effects of capital investment and structural reforms, resulting in higher profits. |
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog
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 contraction of Japan's printing market, a decline in commercial printed materials, intensifying competition and higher costs reduced profits in the Information and Communications and Real Estate Leasing businesses. Meanwhile, Solutions Sales benefited from higher revenue, increased sales of the company's own high-margin branded products, and the Semiconductor-Related Masks business benefited from the effects of capital investment and structural reforms, resulting in 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.