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Presentation materials for financial results7989TACHIKAWA CORPORATIONConstruction and Materials

Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026

In the second quarter of the fiscal year ending December 2026, revenue increased in all segments, rising 6.4% year on year to ¥22,095 million. Operating income, ordinary income and net income all increased, supported by price revisions and lower selling, general and administrative expenses.

Worth reading
64In 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
1324
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsSecond quarter of the fiscal year ending December 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥22,095 million+6.4%
Operating profit¥2,544 million+21.5%
Ordinary income¥2,682 million+22.6%
Net income¥1,775 million+2.3%
Gross Profit Margin41.2%
Operating profit margin11.5%
Selling, general and administrative expenses¥6,554 million
Full-year earnings forecast
Net Sales
¥43,500 million
Operating profit
¥4,500 million
Ordinary income
¥4,700 million
Net income for the current fiscal year
¥3,280 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales50.8%
Operating profit56.5%
Ordinary income57.1%
Net income for the current fiscal year54.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Profit is progressing ahead of the initial forecast
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Revenue increase¥1,324 million
  • Increase in cash flows from operating activities¥138 million
  • Acquisition of Property, Plant and Equipment-¥1,054 million
  • Acquisition of intangible assets-¥297 million
  • Acquisition of Investment Securities-¥995 million
  • Deposits into time deposits-¥1,400 million
  • Dividend payments-¥1,001 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Supply-side instability due to heightened tensions in the Middle East, surging raw material prices and the impact on procurement costs. Numerical assumptions: Not disclosed
New initiatives
  • Expansion of the Lumiere dimming roller screen
  • Expansion of the Aire dimming vertical blind
  • Addition of a specification with a load-bearing capacity under the movable storage unit for the partition Place
  • Opening of a new building for the Chushikoku Branch and Hiroshima showroom
  • Renovation of the Sapporo showroom
  • Sponsorship of GREEN×EXPO 2027
  • Participation in the Present Tree forest regeneration project
  • Launch of the new Silky product with handle operation
  • Launch of the Crosseed partition curtain rail
Key KPIsA metric the company considers important as a management benchmark.
  • PBR0.88x
    Year on year against the same period last yearUp from 0.63x in July 2025
  • ROE5.9%
    Year on year against the same period last yearUp from 5.8% in December 2025
  • PER15.4x
    Year on year against the same period last yearUp from 11.4x in July 2025
Segment results
  • Interior and exterior products business
    Sales¥1,811 million
    Year-on-year change in sales101.3%
    Operating profit¥200 million
    Year-on-year operating profit106.3%
  • Parking Equipment Business
    Sales¥214.8 million
    Year-on-year change in sales168.3%
    Operating profit¥39.6 million
    Year-on-year operating profit241.8%
  • Gear Reducer Business
    Sales¥183.5 million
    Year-on-year change in sales113.9%
    Operating profit¥14.8 million
    Year-on-year operating profit303.5%
Medium-term management plan targets
  • TargetROE of 7.0% or higher; PBR of 1.0x or higher
    Target fiscal yearFY2028 December
    Comparison with actual resultsROE: 5.9%; PBR: 0.88x
  • Target¥9 billion in growth investment; ¥9.5 billion in shareholder returns
    Target fiscal yearMid-term management plan period
Financial targets
  • ROE
    Target7.0% or higher in the fiscal year ending December 2028
    Actual results5.9%
  • PBR
    Target1.0x or higher in the fiscal year ending December 2028
    Actual results0.88x
  • DOE
    TargetFloor of 4.0%
Number of stores and locations
End of periodSales locations: 13 branches and 58 sales offices nationwide; manufacturing locations: 2 plants and 3 fabrication facilities; 10 showrooms; 2 display spaces
Openings and closures during the periodShinjuku showroom opened in January 2026, Hiroshima showroom opened in April 2026, and Sapporo showroom renovated in July 2026
Number of employees
Number of EmployeesConsolidated: 1,265; non-consolidated: 806 (as of the end of June 2026)
Capital expenditures
¥560 million (new building for the Chushikoku Branch and Hiroshima showroom) and ¥50 million (Sapporo showroom renovation)
Annual Dividend
Annual dividend per share¥120 or more (scheduled for fiscal 2026)
Acquisition of treasury shares
Considering flexible share repurchases. The amount, number of shares and period for the repurchase program are Not disclosed
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales¥22,095 million (YoY +6.4%)
Operating profit¥2,544 million (YoY +21.5%)
Ordinary income¥2,682 million (YoY +22.6%)
Net income¥1,775 million (YoY +2.3%)
Gross Profit Margin41.2%
Operating profit margin11.5%
Selling, general and administrative expenses¥6,554 million
Full-year earnings forecastNet Sales ¥43,500 million / Operating profit ¥4,500 million / Ordinary income ¥4,700 million / Net income for the current fiscal year ¥3,280 million
Progress against full-year forecastNet Sales 50.8% / Operating profit 56.5% / Ordinary income 57.1% / Net income for the current fiscal year 54.1%
Self-assessment against the planProfit is progressing ahead of the initial forecast
Segment resultsSegment Interior and exterior products business / Sales ¥1,811 million / Year-on-year change in sales 101.3% / Operating profit ¥200 million / Year-on-year operating profit 106.3%, Segment Parking Equipment Business / Sales ¥214.8 million / Year-on-year change in sales 168.3% / Operating profit ¥39.6 million / Year-on-year operating profit 241.8%, Segment Gear Reducer Business / Sales ¥183.5 million / Year-on-year change in sales 113.9% / Operating profit ¥14.8 million / Year-on-year operating profit 303.5%
Breakdown of Factors Affecting the ChangeFactors Revenue increase / Amount ¥1,324 million, Factors Increase in cash flows from operating activities / Amount ¥138 million, Factors Acquisition of Property, Plant and Equipment / Amount -¥1,054 million, Factors Acquisition of intangible assets / Amount -¥297 million, Factors Acquisition of Investment Securities / Amount -¥995 million, Factors Deposits into time deposits / Amount -¥1,400 million, Factors Dividend payments / Amount -¥1,001 million
Key KPIsIndicator name PBR / Value 0.88x / Year on year against the same period last year Up from 0.63x in July 2025, Indicator name ROE / Value 5.9% / Year on year against the same period last year Up from 5.8% in December 2025, Indicator name PER / Value 15.4x / Year on year against the same period last year Up from 11.4x in July 2025
Number of stores and locationsEnd of period Sales locations: 13 branches and 58 sales offices nationwide; manufacturing locations: 2 plants and 3 fabrication facilities; 10 showrooms; 2 display spaces / Openings and closures during the period Shinjuku showroom opened in January 2026, Hiroshima showroom opened in April 2026, and Sapporo showroom renovated in July 2026
Number of employeesNumber of Employees Consolidated: 1,265; non-consolidated: 806 (as of the end of June 2026) / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookSupply-side instability due to heightened tensions in the Middle East, surging raw material prices and the impact on procurement costs. Numerical assumptions: Not disclosed
Medium-term management plan targetsTarget ROE of 7.0% or higher; PBR of 1.0x or higher / Target fiscal year FY2028 December / Comparison with actual results ROE: 5.9%; PBR: 0.88x, Target ¥9 billion in growth investment; ¥9.5 billion in shareholder returns / Target fiscal year Mid-term management plan period / Comparison with actual results Not disclosed
Financial targetsIndicator ROE / Target 7.0% or higher in the fiscal year ending December 2028 / Actual results 5.9%, Indicator PBR / Target 1.0x or higher in the fiscal year ending December 2028 / Actual results 0.88x, Indicator DOE / Target Floor of 4.0% / Actual results Not disclosed
Annual DividendAnnual dividend per share ¥120 or more (scheduled for fiscal 2026) / Interim and Year-End Breakdown Not disclosed
Acquisition of treasury sharesConsidering flexible share repurchases. The amount, number of shares and period for the repurchase program are Not disclosed
Capital expenditures¥560 million (new building for the Chushikoku Branch and Hiroshima showroom) and ¥50 million (Sapporo showroom renovation)
New initiativesExpansion of the Lumiere dimming roller screen, Expansion of the Aire dimming vertical blind, Addition of a specification with a load-bearing capacity under the movable storage unit for the partition Place, Opening of a new building for the Chushikoku Branch and Hiroshima showroom, Renovation of the Sapporo showroom, Sponsorship of GREEN×EXPO 2027, Participation in the Present Tree forest regeneration project, Launch of the new Silky product with handle operation, Launch of the Crosseed partition curtain rail
Items this document does not state (7)
Results for the three months of the current quarterUnit price and quantity metricsRisk amount incorporated into the outlookPayout ratioOrders 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.

In the parking equipment-related business, revenue increased due to growth in multistory parking facilities driven by inbound demand, the front-loading of revenue from newly constructed properties, and strong renovation projects for existing properties. In the gear reducer-related business, the recovery in machine tool market conditions, price revisions and growing demand for made-to-order products for AGVs and other applications contributed to the increase. On a consolidated basis, profit increased due to the effects of price revisions in response to higher raw material prices and lower selling, general and administrative expenses, including advertising expenses.

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Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026 | TACHIKAWA CORPORATION (7989) timely disclosure | Komori