Worth reading
49Recurring
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
3
Operating profit year-on-year change (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales64,835¥ millionYear on year 0.0%Progress 49.1%
Operating profit3,271¥ millionYear on year +3.0%Progress 48.8%
Ordinary income3,628¥ millionYear on year +5.5%Progress 49.7%
Net income attributable to owners of the parent2,715¥ millionYear on year +17.4%Progress 51.2%
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¥147.76
Financial position at period-end
Total assets104,471¥ million
of which net assets 53,304 ¥ millionEquity ratio 50.8%vs. prior year-end +0.9pt
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.
Cash inflows and outflows
Operating+5,120
Investment+281
Financials-1,309
Net change+4,092
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥28,241 million
Segment revenueEast Japan division ¥20,628 million (YoY -6.7%), West Japan division ¥24,094 million (YoY -4.6%), Central Japan division ¥10,362 million (YoY +16.6%), Development Strategy division ¥9,749 million (YoY +13.6%)
Segment profitEast Japan division ¥1,443 million, West Japan division ¥1,719 million, Central Japan division ¥647 million, Development Strategy division ¥447 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥132,000 million (YoY +0.7%)
Operating profit¥6,700 million (YoY +2.9%)
Ordinary income¥7,300 million (YoY +2.9%)
Net income¥5,300 million (YoY +5.5%)
Annual Dividend Forecast¥90 → ¥100（+11.1%）
Factors Behind Changes in Business Performance
Power transmission components and industrial materials generated higher revenue as demand from AI-related industries expanded, while the loss of a large China-bound equipment and machinery project recorded in the year-earlier period had an adverse impact. The gross profit margin improved.
Disclosure regarding the going concern assumption
None
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 0 companies / Excluded 0 companies
Material subsequent eventsOn 8 October 2026, the company disposed of 81,840 treasury shares through a third-party allotment at ¥2,920 per share, for a total of ¥238,972,800, as a restricted stock incentive for its employee shareholding association.
Impairment lossNone
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥4 million, Gain on sale of investment securities ¥460 million / Extraordinary loss 110th anniversary celebration expenses ¥18 million
Depreciation and amortization¥181 million
Orders received and order backlogOrders received ¥68,307 million (YoY +8.5%) / Order backlog ¥83,289 million (YoY +5.6%)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone
Issued Shares at Period-End19,493,907 shares
Treasury Shares at Period-End1,099,648 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥64,835 million (YoY 0.0%) |
| Operating profit | ¥3,271 million (YoY +3.0%) |
| Ordinary income | ¥3,628 million (YoY +5.5%) |
| Profit attributable to owners of the parent | ¥2,715 million (YoY +17.4%) |
| Net income per share | ¥147.76 |
| Equity ratio | End of the current fiscal period 50.8 / End of previous period 49.9 |
| Total assets | ¥104,471 million |
| Net assets | ¥53,304 million |
| Cash flows from operating activities | ¥5,120 million |
| Cash flows from investing activities | ¥281 million |
| Cash flows from financing activities | ¥-1,309 million |
| Cash and cash equivalents at end of period | ¥28,241 million |
| Full-year earnings forecast | Net Sales ¥132,000 million (YoY +0.7%) / Operating profit ¥6,700 million (YoY +2.9%) / Ordinary income ¥7,300 million (YoY +2.9%) / Net income ¥5,300 million (YoY +5.5%) |
| Annual Dividend Forecast | ¥90 → ¥100（+11.1%） |
| Segment revenue | East Japan division ¥20,628 million (YoY -6.7%), West Japan division ¥24,094 million (YoY -4.6%), Central Japan division ¥10,362 million (YoY +16.6%), Development Strategy division ¥9,749 million (YoY +13.6%) |
| Segment profit | East Japan division ¥1,443 million, West Japan division ¥1,719 million, Central Japan division ¥647 million, Development Strategy division ¥447 million |
| Orders received and order backlog | Orders received ¥68,307 million (YoY +8.5%) / Order backlog ¥83,289 million (YoY +5.6%) |
| Depreciation and amortization | ¥181 million |
| Impairment loss | None |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥4 million, Gain on sale of investment securities ¥460 million / Extraordinary loss 110th anniversary celebration expenses ¥18 million |
| Disclosure regarding the going concern assumption | None |
| 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 0 companies / Excluded 0 companies |
| Material subsequent events | On 8 October 2026, the company disposed of 81,840 treasury shares through a third-party allotment at ¥2,920 per share, for a total of ¥238,972,800, as a restricted stock incentive for its employee shareholding association. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None |
| Issued Shares at Period-End | 19,493,907 shares |
| Treasury Shares at Period-End | 1,099,648 shares |
| Factors Behind Changes in Business Performance | Power transmission components and industrial materials generated higher revenue as demand from AI-related industries expanded, while the loss of a large China-bound equipment and machinery project recorded in the year-earlier period had an adverse impact. The gross profit margin improved. |
Items this document does not state (5)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional sales
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.Power transmission components and industrial materials generated higher revenue as demand from AI-related industries expanded, while the equipment and machinery business was affected by the loss of a large China-bound project recorded in the year-earlier period. At the profit level, profit at each stage increased, partly as a result of the gross profit margin improving from the year-earlier period.
How to read this page
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