Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
4.7
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 2026, full year12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥46,725 million+4.7%
Operating profit¥4,099 million+12.8%
Ordinary income¥4,150 million+10.5%
Net income¥3,048 million+15.0%
Gross Profit Margin36.1%
Operating profit margin8.8%
Results for the three months of the current quarter
January–March 2026
Net Sales
¥13,037 million
Year-on-year change0.6%
Operating profit
¥1,253 million
Year-on-year change△3.2%
Gross Profit Margin37.5%
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥48,600 million
Operating profit
¥4,260 million
Ordinary income
¥4,310 million
Net income for the current fiscal year
¥3,050 million
Earnings per share
¥173.39
Dividend per share
¥135
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Slightly above the initial planAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Personnel and material costs are expected to rise due to investment in human resources, but the numerical assumptions are not disclosedNew initiatives
- Change the target dividend on equity (DOE) from 3% to 6%
- Investment in the construction of Building 2 at the Kaga Plant
Key KPIsA metric the company considers important as a management benchmark.
- ROE7.9 %Year on year against the same period last yearUp from 7.0% in the same period of the previous year
- Equity ratio80.7 %
- Orders received¥48,315 millionYear on year against the same period last year3.2%
- Order backlog¥20,486 millionYear on year against the same period last year8.4%
Segment results
Movable partitions
Net Sales¥20,980 million
Year on year against the same period last year6.7%
Fixed partitions
Net Sales¥9,410 million
Year on year against the same period last year0.1%
Toilet booths
Net Sales¥8,207 million
Year on year against the same period last year5.9%
Mobile partitions
Net Sales¥6,145 million
Year on year against the same period last year2.2%
Low partitions
Net Sales¥798 million
Year on year against the same period last year30.9%
Other
Net Sales¥1,183 million
Year on year against the same period last year0.1%
Medium-term management plan targets
ROE
Target value8% or higher
Target fiscal yearFiscal year ending March 2028
Actual results for the fiscal year ending March 20267.9%
Financial targets
ROE
Target value8% or higher
Target fiscal yearFiscal year ending March 2028
Actual value7.9%
Equity ratio
Actual value80.7%
Orders received and order backlog
Orders received
¥48,315 million
Order backlog
¥20,486 million
Capital expenditures
7,105 Millions of yen fiscal year ended March 2026 actual
Fiscal year ending March 2027: plan¥5,200 million
Annual Dividend
Fiscal year ending March 2026
Annual¥130
Forecast for the fiscal year ending March 2027
Annual¥135
Payout ratio
DOE of 6% as a target. The payout ratio is not disclosedAcquisition of treasury shares
Fiscal year ending March 2026
Acquisition amountApproximately ¥0 million
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥46,725 million (YoY +4.7%) |
| Operating profit | ¥4,099 million (YoY +12.8%) |
| Ordinary income | ¥4,150 million (YoY +10.5%) |
| Net income | ¥3,048 million (YoY +15.0%) |
| Gross Profit Margin | 36.1% |
| Operating profit margin | 8.8% |
| Results for the three months of the current quarter | Subject January–March 2026 / Net Sales ¥13,037 million / Operating profit ¥1,253 million / Gross Profit Margin 37.5% |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥48,600 million / Operating profit ¥4,260 million / Ordinary income ¥4,310 million / Net income for the current fiscal year ¥3,050 million / Earnings per share ¥173.39 / Dividend per share ¥135 |
| Self-assessment against the plan | Slightly above the initial plan |
| Segment results | Movable partitions Net Sales ¥20,980 million / Year on year against the same period last year 6.7% / Fixed partitions Net Sales ¥9,410 million / Year on year against the same period last year 0.1% / Toilet booths Net Sales ¥8,207 million / Year on year against the same period last year 5.9% / Mobile partitions Net Sales ¥6,145 million / Year on year against the same period last year 2.2% / Low partitions Net Sales ¥798 million / Year on year against the same period last year 30.9% / Other Net Sales ¥1,183 million / Year on year against the same period last year 0.1% |
| Key KPIs | Indicator name ROE / Value 7.9 % / Year on year against the same period last year Up from 7.0% in the same period of the previous year, Indicator name Equity ratio / Value 80.7 %, Indicator name Orders received / Value ¥48,315 million / Year on year against the same period last year 3.2%, Indicator name Order backlog / Value ¥20,486 million / Year on year against the same period last year 8.4% |
| Assumptions Underlying the Business Outlook | Personnel and material costs are expected to rise due to investment in human resources, but the numerical assumptions are not disclosed |
| Medium-term management plan targets | ROE Target value 8% or higher / Target fiscal year Fiscal year ending March 2028 / Actual results for the fiscal year ending March 2026 7.9% |
| Financial targets | ROE Target value 8% or higher / Target fiscal year Fiscal year ending March 2028 / Actual value 7.9% / Equity ratio Actual value 80.7% |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥130 / Interim Not disclosed / End of period Not disclosed / Forecast for the fiscal year ending March 2027 Annual ¥135 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | DOE of 6% as a target. The payout ratio is not disclosed |
| Acquisition of treasury shares | Fiscal year ending March 2026 Acquisition amount Approximately ¥0 million / Period Not disclosed |
| Capital expenditures | 7,105 Millions of yen (fiscal year ended March 2026 actual) |
| Orders received and order backlog | Orders received ¥48,315 million / Order backlog ¥20,486 million |
| New initiatives | Change the target dividend on equity (DOE) from 3% to 6%, Investment in the construction of Building 2 at the Kaga Plant |
Items this document does not state (9)
Selling, general and administrative expensesProgress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMarket 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.Office-related demand was strong, sales of high-value-added products increased, and movable partitions, toilet booths and mobile partitions performed well. For operating profit, the company said that higher revenue and increased sales of high-value-added products absorbed the increase in SG&A expenses, including personnel investments.
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.