Worth reading
47Recurring
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
329
¥ million (year-on-year improvement in operating loss)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales35,919¥ millionYear on year +2.1%Progress 48.5%
Operating profit-86¥ million
Ordinary income30¥ millionYear on year +288.3%Progress 3.3%
Net income attributable to owners of the parent45¥ millionProgress 9.0%
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¥5.32
Financial position at period-end
Total assets79,213¥ million
of which net assets 46,301 ¥ millionEquity ratio 58.5%vs. prior year-end -0.8pt
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.
Segment revenue
Musical instrument and education business29,24181.4%
Materials processing business4,80113.4%
Other businesses1,8765.2%
Segment profit
Musical instrument and education business-329
Materials processing business166
Other businesses17
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥74,000 million (YoY +2.7%)
Operating profit¥700 million (YoY +518.3%)
Ordinary income¥900 million (YoY -5.5%)
Net income¥500 million (YoY -56.2%)
Revision to Earnings ForecastNet Sales Before revision Not disclosed / After revision ¥74,000 million / Revised amount Not disclosed / Revision rate Not disclosed / Operating profit Before revision Not disclosed / After revision ¥700 million / Revised amount Not disclosed / Revision rate Not disclosed / Ordinary income Before revision Not disclosed / After revision ¥900 million / Revised amount Not disclosed / Revision rate Not disclosed / Net income Before revision Not disclosed / After revision ¥500 million / Revised amount Not disclosed / Revision rate Not disclosed
Annual Dividend ForecastPrevious-period results ¥95 / Current-period forecast ¥95 / Change in amount ¥0 / Change Rate ¥0
Factors Behind Changes in Business Performance
Sales of keyboard instruments exceeded the prior-year level in all major markets in North America, Europe, China, and Japan. Sales of digital pianos grew in North America, Europe, and China, while sales of upright pianos remained firm in Japan. A temporary decline in production during the relocation to the new plant in Indonesia and relocation expenses affected performance. In the materials processing business, lower orders related to semiconductors and automobiles, and in the other businesses, lower orders for IT equipment sold to medical institutions, led to declines in revenue and profit.
Disclosure regarding the going concern assumption
None ("There are no applicable matters")
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Not disclosed / Excluded Not disclosed / Notes Material changes in the scope of consolidation during the interim period: None
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment ¥2 million, Gain on sale of investment securities ¥355 million / Extraordinary loss Loss on disposal of fixed assets ¥10 million
Availability of Supplementary Financial Results MaterialsHeld
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End9,011,560 shares
Treasury Shares at Period-End406,628 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥35,919 million (YoY +2.1%) |
| Operating profit | ¥-86 million |
| Ordinary income | ¥30 million (YoY +288.3%) |
| Profit attributable to owners of the parent | ¥45 million |
| Net income per share | ¥5.32 |
| Equity ratio | End of the current fiscal period 58.5 / End of previous period 59.3 |
| Total assets | ¥79,213 million |
| Net assets | ¥46,301 million |
| Full-year earnings forecast | Net Sales ¥74,000 million (YoY +2.7%) / Operating profit ¥700 million (YoY +518.3%) / Ordinary income ¥900 million (YoY -5.5%) / Net income ¥500 million (YoY -56.2%) |
| Revision to Earnings Forecast | Net Sales Before revision Not disclosed / After revision ¥74,000 million / Revised amount Not disclosed / Revision rate Not disclosed / Operating profit Before revision Not disclosed / After revision ¥700 million / Revised amount Not disclosed / Revision rate Not disclosed / Ordinary income Before revision Not disclosed / After revision ¥900 million / Revised amount Not disclosed / Revision rate Not disclosed / Net income Before revision Not disclosed / After revision ¥500 million / Revised amount Not disclosed / Revision rate Not disclosed |
| Annual Dividend Forecast | Previous-period results ¥95 / Current-period forecast ¥95 / Change in amount ¥0 / Change Rate ¥0 |
| Segment revenue | Musical instrument and education business ¥29,241 million / Materials processing business ¥4,801 million / Other businesses ¥1,876 million |
| Segment profit | Musical instrument and education business ¥-329 million / Materials processing business ¥166 million / Other businesses ¥17 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of property, plant and equipment ¥2 million, Gain on sale of investment securities ¥355 million / Extraordinary loss Loss on disposal of fixed assets ¥10 million |
| Disclosure regarding the going concern assumption | None ("There are no applicable matters") |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New Not disclosed / Excluded Not disclosed / Notes Material changes in the scope of consolidation during the interim period: None |
| Availability of Supplementary Financial Results Materials | Held |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 9,011,560 shares |
| Treasury Shares at Period-End | 406,628 shares |
| Factors Behind Changes in Business Performance | Sales of keyboard instruments exceeded the prior-year level in all major markets in North America, Europe, China, and Japan. Sales of digital pianos grew in North America, Europe, and China, while sales of upright pianos remained firm in Japan. A temporary decline in production during the relocation to the new plant in Indonesia and relocation expenses affected performance. In the materials processing business, lower orders related to semiconductors and automobiles, and in the other businesses, lower orders for IT equipment sold to medical institutions, led to declines in revenue and profit. |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationImpairment lossMaterial subsequent events
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.Sales of keyboard instruments exceeded the prior-year level in the major markets of North America, Europe, China, and Japan, while a temporary decline in production during the relocation to the new plant in Indonesia and relocation expenses affected performance. The company attributed the downward revision to its full-year forecasts to increased uncertainty resulting from continuing global inflationary pressures and large-scale demonstrations in Europe, a key market.
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.