Worth reading
41Recurring
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
1900
Million yen (amount of downward revision to the full-year forecasts for operating income and ordinary income)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary Materials to the Earnings ReportFiscal year ending March 2027, second quarter (first half)6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales68,285 Millions of yen-3.9%
Operating profit3,470 Millions of yen-0.7%
Ordinary income3,482 Millions of yen-5.9%
Net income3,703 Millions of yen+50.1%
Operating profit margin5.1 %
Full-year earnings forecast
Net Sales
141,000 Millions of yen
Operating profit
7,700 Millions of yen
Ordinary income
7,900 Millions of yen
Profit attributable to owners of the parent
6,600 Millions of yen
Annual dividend per share
121 Yen
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Increases in energy and material prices, logistics costs and other expenses are expected to continue in the second half (figure: Not disclosed)New initiatives
- Withdrawal from the general-purpose exterior materials business for the U.S. housing market
- Sale of fixed assets as part of a business reorganisation at a Chinese subsidiary
Key KPIsA metric the company considers important as a management benchmark.
- Domestic new housing starts379 thousand householdsYear on year against the same period last year+11.3%
- Total industry sales volume of fiber cement siding11,999 thousand tsuboYear on year against the same period last year-0.8%
- The Company's fiber cement siding sales volume7,020 thousand tsuboYear on year against the same period last year-0.7%
- Industry share58.5 %Year on year against the same period last year+0.1%
- U.S. Architecture Billings Index46.6
- U.S. housing starts1,221 thousand households
Segment results
Exterior materials business
Net Sales
63,596 Millions of yen-4.2%
Domestic
Net Sales
50,993 Millions of yen+1.4%
Ceramic-based exterior cladding
Net Sales
45,962 Millions of yen+2.0%
Metal exterior materials
Net Sales
5,031 Millions of yen-3.6%
Overseas
Net Sales
12,603 Millions of yen-21.7%
United States
Net Sales
11,383 Millions of yen-24.2%
China, etc.
Net Sales
1,220 Millions of yen+13.2%
Other
Net Sales
4,688 Millions of yen-0.6%
Market Size / Share
Share58.5 %
Annual Dividend
Annual dividend per share121 Yen
Interim Dividend64 Yen
Year-end dividend57 Yen
| Item | Details |
|---|---|
| Document type | Supplementary Materials to the Earnings Report |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | 68,285 Millions of yen (YoY -3.9%) |
| Operating profit | 3,470 Millions of yen (YoY -0.7%) |
| Ordinary income | 3,482 Millions of yen (YoY -5.9%) |
| Net income | 3,703 Millions of yen (YoY +50.1%) |
| Operating profit margin | 5.1 % |
| Full-year earnings forecast | Net Sales 141,000 Millions of yen / Operating profit 7,700 Millions of yen / Ordinary income 7,900 Millions of yen / Profit attributable to owners of the parent 6,600 Millions of yen / Annual dividend per share 121 Yen |
| Segment results | Exterior materials business Net Sales 63,596 Millions of yen (YoY -4.2%) / Domestic Net Sales 50,993 Millions of yen (YoY +1.4%) / Ceramic-based exterior cladding Net Sales 45,962 Millions of yen (YoY +2.0%) / Metal exterior materials Net Sales 5,031 Millions of yen (YoY -3.6%) / Overseas Net Sales 12,603 Millions of yen (YoY -21.7%) / United States Net Sales 11,383 Millions of yen (YoY -24.2%) / China, etc. Net Sales 1,220 Millions of yen (YoY +13.2%) / Other Net Sales 4,688 Millions of yen (YoY -0.6%) |
| Key KPIs | Indicator name Domestic new housing starts / Value 379 thousand households / Year on year against the same period last year 11.3 thousand households, Indicator name Total industry sales volume of fiber cement siding / Value 11,999 thousand tsubo / Year on year against the same period last year -0.8 thousand tsubo, Indicator name The Company's fiber cement siding sales volume / Value 7,020 thousand tsubo / Year on year against the same period last year -0.7 thousand tsubo, Indicator name Industry share / Value 58.5 % / Year on year against the same period last year 0.1 %, Indicator name U.S. Architecture Billings Index / Value 46.6 / Year on year against the same period last year Not disclosed, Indicator name U.S. housing starts / Value 1,221 thousand households / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Increases in energy and material prices, logistics costs and other expenses are expected to continue in the second half (figure: Not disclosed) |
| Annual Dividend | Annual dividend per share 121 Yen / Interim Dividend 64 Yen / Year-end dividend 57 Yen |
| Market Size / Share | Market Size Not disclosed / Share 58.5 % |
| New initiatives | Withdrawal from the general-purpose exterior materials business for the U.S. housing market, Sale of fixed assets as part of a business reorganisation at a Chinese subsidiary |
Items this document does not state (17)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition 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.Because increases in energy and material prices, logistics costs and other expenses, which reduced earnings in the first half, are expected to continue in the second half, the full-year forecasts for operating income, ordinary income and net income were reduced. The increase in interim net income was due, among other factors, to the recognition of a gain on the sale of fixed assets as an extraordinary gain by a Chinese subsidiary.
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.