Worth reading
52Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
2.5
% (year-on-year decline in operating income)Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Full year21 March 2025–20 March 2026ConsolidatedJapanese GAAPNet Sales45,673¥ millionYear on year +1.2%
Operating profit6,723¥ millionYear on year -2.5%
Ordinary income6,899¥ millionYear on year -2.4%
Net income attributable to owners of the parent4,696¥ millionYear on year -2.8%
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.
Net income per share¥290.73
Operating Margin14.7％
Financial position at period-end
Total assets68,697¥ million
of which net assets 56,262 ¥ millionEquity ratio 80.7%vs. prior year-end +1.5pt
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+7,081
Investment-4,148
Financials-2,697
Net change+236
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¥19,710 million
Segment revenueElectrical and piping materials ¥34,733 million (YoY -0.1%), Wiring devices ¥8,037 million (YoY +9.7%), Other (outside reportable segments) ¥2,902 million (YoY -3.2%)
Segment profitElectrical and piping materials ¥5,993 million (YoY -6.4%), Wiring devices ¥872 million (YoY +25.0%), Other (outside reportable segments) ¥711 million (YoY +24.5%)
Regional salesRegion Japan / Details Revenue from external customers exceeded 90% of revenue reported in the consolidated income statement
Outlook and shareholder returns
Full-year earnings forecast
Net SalesTo be determined
Operating profitTo be determined
Ordinary incomeTo be determined
Net incomeTo be determined
Annual Dividend Forecast¥145 → ¥100（-31.0%）
Payout ratio49.9％
Shareholder Return PolicyDividends will be paid based on the higher of a payout ratio of 50% or DOE of 3% (¥100 per share).
Factors Behind Changes in Business Performance
Revenue increased as price revisions took effect, while higher raw material prices put pressure on earnings, resulting in lower profit.
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 No修正再表示 No
Changes in the scope of consolidationNone (no significant changes to the scope of consolidation during the period)
Material subsequent eventsNo applicable matters.
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Subsidy Income ¥53 million / Extraordinary loss Loss on reduction of fixed assets ¥53 million
Depreciation and amortization¥2,605 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Not disclosed
Issued Shares at Period-End25,607,086 Shares
Treasury Shares at Period-End9,445,305 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 21 March 2025–20 March 2026 |
| Net Sales | ¥45,673 million (YoY +1.2%) |
| Operating profit | ¥6,723 million (YoY -2.5%) |
| Ordinary income | ¥6,899 million (YoY -2.4%) |
| Profit attributable to owners of the parent | ¥4,696 million (YoY -2.8%) |
| Net income per share | ¥290.73 |
| Operating Margin | 14.7％ |
| Equity ratio | End of the current fiscal period 80.7％ / End of previous period 79.2％ |
| Total assets | ¥68,697 million |
| Net assets | ¥56,262 million |
| Cash flows from operating activities | ¥7,081 million |
| Cash flows from investing activities | ¥-4,148 million |
| Cash flows from financing activities | ¥-2,697 million |
| Cash and cash equivalents at end of period | ¥19,710 million |
| Full-year earnings forecast | Net Sales To be determined / Operating profit To be determined / Ordinary income To be determined / Net income To be determined |
| Annual Dividend Forecast | ¥145 → ¥100（-31.0%） |
| Payout ratio | 49.9％ |
| Shareholder Return Policy | Dividends will be paid based on the higher of a payout ratio of 50% or DOE of 3% (¥100 per share). |
| Segment revenue | Electrical and piping materials ¥34,733 million (YoY -0.1%), Wiring devices ¥8,037 million (YoY +9.7%), Other (outside reportable segments) ¥2,902 million (YoY -3.2%) |
| Segment profit | Electrical and piping materials ¥5,993 million (YoY -6.4%), Wiring devices ¥872 million (YoY +25.0%), Other (outside reportable segments) ¥711 million (YoY +24.5%) |
| Regional sales | Region Japan / Details Revenue from external customers exceeded 90% of revenue reported in the consolidated income statement |
| Depreciation and amortization | ¥2,605 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Subsidy Income ¥53 million / Extraordinary loss Loss on reduction of fixed assets ¥53 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| 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 | None (no significant changes to the scope of consolidation during the period) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Not disclosed |
| Issued Shares at Period-End | 25,607,086 Shares |
| Treasury Shares at Period-End | 9,445,305 Shares |
| Factors Behind Changes in Business Performance | Revenue increased as price revisions took effect, while higher raw material prices put pressure on earnings, resulting in lower profit. |
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.Although the decline in housing starts and other factors had an impact, revenue increased as price revisions for electrical materials, piping materials and wiring devices took effect. Despite the positive impact of higher revenue, rising raw material prices put pressure on earnings, resulting in lower profit. The full-year forecast is undetermined because the impact of the situation in the Middle East is difficult to predict.
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.