Worth reading
41Recurring
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
523
Millions of yen (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportSecond quarter (interim period) of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥53,658 million+2.6%
Operating profit¥1,923 million+37.4%
Ordinary income¥2,108 million+23.3%
Net income¥1,566 million +43.6%interim net income attributable to owners of the parent
Gross Profit Margin29.9
Operating profit margin3.6
Selling, general and administrative expenses¥14,101 million
Full-year earnings forecast
Net Sales
¥115,000 million
Operating profit
¥5,700 million
Ordinary income
¥6,000 million
Profit attributable to owners of the parent
¥4,600 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Sales volume factors¥-201 million
- Manufacturing cost factors¥1,595 million
- Factors improving profit¥449 million
- Increase in personnel expenses¥-233 million
- Lower logistics costs¥106 million
- Increase in sales promotion expenses¥-6 million
- Increase in other SG&A expenses¥-52 million
New initiatives
- Expand raw material procurement routes
- Promote in-house production of certain raw materials
- Build a production capacity expansion system for adhesive-related products
- Sales price revisions
- Promote sales of high-value-added products
Segment results
- Interior BusinessNet Sales¥50,989 million (YoY +2.3%)Segment profit¥1,939 million (YoY +35.8%)
- Global BusinessNet Sales¥1,465 million (YoY +32.3%)Segment profit¥-54 million
- Building materials and other businessesNet Sales¥2,471 million (YoY +2.2%)Segment profit¥38 million (YoY -52.8%)
Medium-term management plan targets
Plan nameSHINKA Plus ONE 2.0
Target fiscal yearFiscal year ending March 2028
Dividend policyConsolidated payout ratio of 50% or DOE of 3.5% as a guideline; annual dividend of ¥19 as a floor
Annual Dividend
Annual dividend36 Yen/share
Interim Dividend10 Yen/share
Year-end dividend26 Yen/share
Payout ratio
50 % guideline
DOE3.5
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥53,658 million (YoY +2.6%) |
| Operating profit | ¥1,923 million (YoY +37.4%) |
| Ordinary income | ¥2,108 million (YoY +23.3%) |
| Net income | ¥1,566 million (interim net income attributable to owners of the parent) (YoY +43.6%) |
| Gross Profit Margin | 29.9 |
| Operating profit margin | 3.6 |
| Selling, general and administrative expenses | ¥14,101 million |
| Full-year earnings forecast | Net Sales ¥115,000 million / Operating profit ¥5,700 million / Ordinary income ¥6,000 million / Profit attributable to owners of the parent ¥4,600 million |
| Segment results | Segment Interior Business / Net Sales ¥50,989 million (YoY +2.3%) / Segment profit ¥1,939 million (YoY +35.8%), Segment Global Business / Net Sales ¥1,465 million (YoY +32.3%) / Segment profit ¥-54 million, Segment Building materials and other businesses / Net Sales ¥2,471 million (YoY +2.2%) / Segment profit ¥38 million (YoY -52.8%) |
| Breakdown of Factors Affecting the Change | Factors Sales volume factors / Amount ¥-201 million, Factors Manufacturing cost factors / Amount ¥1,595 million, Factors Factors improving profit / Amount ¥449 million, Factors Increase in personnel expenses / Amount ¥-233 million, Factors Lower logistics costs / Amount ¥106 million, Factors Increase in sales promotion expenses / Amount ¥-6 million, Factors Increase in other SG&A expenses / Amount ¥-52 million |
| Medium-term management plan targets | Plan name SHINKA Plus ONE 2.0 / Target fiscal year Fiscal year ending March 2028 / Dividend policy Consolidated payout ratio of 50% or DOE of 3.5% as a guideline; annual dividend of ¥19 as a floor |
| Annual Dividend | Annual dividend 36 Yen/share / Interim Dividend 10 Yen/share / Year-end dividend 26 Yen/share |
| Payout ratio | 50 % (guideline) |
| New initiatives | Expand raw material procurement routes, Promote in-house production of certain raw materials, Build a production capacity expansion system for adhesive-related products, Sales price revisions, Promote sales of high-value-added products |
Items this document does not state (15)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket 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.This was due to implementing selling price revisions in response to persistently high raw material prices, efforts to ensure a stable supply of products, and improved profit margins at the group's sales companies. The upward revision to the full-year forecasts reflects progress on the selling price revisions and second-quarter results.
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.