Worth reading
77Important
Scored from 3 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
4738
Revenue decrease in millions of yen (year on year)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥143,740 million-3.2%
Operating profit¥9,355 million+34.6%
Ordinary income¥10,246 million+41.3%
Net income¥2,486 million-8.1%
Operating profit margin6.5%, up 1.8 percentage points from 4.7% in the previous fiscal year
Results for the three months of the current quarterFor the fourth quarter of the fiscal year ended March 2026, new housing starts were 177 thousand units, total industry sales volume for fiber cement siding was 5,951 thousand tsubo, the Company's fiber cement siding sales volume was 3,509 thousand tsubo, and its industry share was 59.0%.
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥141,000 million
Operating profit
¥9,600 million
Ordinary income
¥9,800 million
Profit attributable to owners of the parent
¥8,000 million
Dividend per share
¥114
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors contributing to the decrease in revenue: worsening conditions in the domestic housing market, a loss of market share following price revisions, and withdrawal from the U.S. residential market's general-purpose exterior materials business. Factors contributing to the increase in operating income: the effects of domestic price revisions and fixed-cost reductions. Factor contributing to the increase in ordinary income: improvement in foreign exchange gains and losses. Factors contributing to the decrease in net income: extraordinary losses associated with the withdrawal from the U.S. business, among other factors. Amounts by factor: Not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- ¥155AssumptionsAssumed U.S. dollar exchange rate
- 90 dollars/barrelAssumptionsCrude Oil Prices
New initiatives
Reflects the withdrawal from the U.S. residential market's general-purpose exterior materials businessKey KPIsA metric the company considers important as a management benchmark.
- New housing starts711 thousand householdsYear-on-year (%)-12.9
- Total industry sales volume of fiber cement siding24,498 thousand tsuboYear-on-year (%)-2.8
- The Company's fiber cement siding sales volume14,333 thousand tsuboYear-on-year (%)-4.4
- Industry share58.5 %Change from the same period of the previous year (points)-1
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Volume indicators are disclosed, but price indicators such as selling prices and average prices per customer are not disclosed: Not disclosedSegment results
Exterior materials business
Net Sales
¥134,108 million
Year-on-year (%)-3.4
Domestic
Net Sales
¥102,094 million
Year-on-year (%)-2
Overseas expansion
Net Sales
¥32,013 million
Year-on-year (%)-7.7
Other
Net Sales
¥9,632 million
Year-on-year (%)0.5
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
-10 Hundreds of millions of yen
DetailsHigher energy costs resulting from an increase in crude oil prices due to heightened tensions in the Middle East
Market Size / Share
New housing starts of 711 thousand units and total industry sales volume of fiber cement siding of 24,498 thousand tsubo
ShareThe Company's industry share was 58.5%
Annual Dividend
¥114 per share
Interim57
End of period57
Payout ratio
153.4 %
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥143,740 million (YoY -3.2%) |
| Operating profit | ¥9,355 million (YoY +34.6%) |
| Ordinary income | ¥10,246 million (YoY +41.3%) |
| Net income | ¥2,486 million (YoY -8.1%) |
| Operating profit margin | 6.5%, up 1.8 percentage points from 4.7% in the previous fiscal year |
| Results for the three months of the current quarter | For the fourth quarter of the fiscal year ended March 2026, new housing starts were 177 thousand units, total industry sales volume for fiber cement siding was 5,951 thousand tsubo, the Company's fiber cement siding sales volume was 3,509 thousand tsubo, and its industry share was 59.0%. |
| Full-year earnings forecast | Fiscal year ending March 2027 Net Sales ¥141,000 million / Operating profit ¥9,600 million / Ordinary income ¥9,800 million / Profit attributable to owners of the parent ¥8,000 million / Dividend per share ¥114 |
| Segment results | Exterior materials business Net Sales ¥134,108 million / Year-on-year (%) -3.4 / Domestic Net Sales ¥102,094 million / Year-on-year (%) -2 / Overseas expansion Net Sales ¥32,013 million / Year-on-year (%) -7.7 / Other Net Sales ¥9,632 million / Year-on-year (%) 0.5 |
| Breakdown of Factors Affecting the Change | Factors contributing to the decrease in revenue: worsening conditions in the domestic housing market, a loss of market share following price revisions, and withdrawal from the U.S. residential market's general-purpose exterior materials business. Factors contributing to the increase in operating income: the effects of domestic price revisions and fixed-cost reductions. Factor contributing to the increase in ordinary income: improvement in foreign exchange gains and losses. Factors contributing to the decrease in net income: extraordinary losses associated with the withdrawal from the U.S. business, among other factors. Amounts by factor: Not disclosed |
| Key KPIs | Indicator name New housing starts / Value 711 thousand households / Year-on-year (%) -12.9 thousand households, Indicator name Total industry sales volume of fiber cement siding / Value 24,498 thousand tsubo / Year-on-year (%) -2.8 thousand tsubo, Indicator name The Company's fiber cement siding sales volume / Value 14,333 thousand tsubo / Year-on-year (%) -4.4 thousand tsubo, Indicator name Industry share / Value 58.5 % / Change from the same period of the previous year (points) -1 % |
| Unit price and quantity metrics | Volume indicators are disclosed, but price indicators such as selling prices and average prices per customer are not disclosed: Not disclosed |
| Assumptions Underlying the Business Outlook | Assumptions Assumed U.S. dollar exchange rate / Value ¥155, Assumptions Crude Oil Prices / Value 90 dollars/barrel |
| Risk amount incorporated into the outlook | -10 Hundreds of millions of yen |
| Annual Dividend | ¥114 per share |
| Payout ratio | 153.4 % |
| Market Size / Share | Market Size New housing starts of 711 thousand units and total industry sales volume of fiber cement siding of 24,498 thousand tsubo / Share The Company's industry share was 58.5% |
| New initiatives | Reflects the withdrawal from the U.S. residential market's general-purpose exterior materials business |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.Revenue declined due to worsening conditions in the domestic housing market, a loss of market share following price revisions, and the withdrawal from the U.S. residential market's general-purpose exterior materials business. Operating income increased due to the effects of domestic price revisions and fixed-cost reductions, while ordinary income also benefited from an improvement in foreign exchange gains and losses. Net income declined due to extraordinary losses associated with the withdrawal of the U.S. subsidiary from its business, among other factors.
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.