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Supplementary materials to the earnings reportFiscal year ending March 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,084.8 Hundred millions of yen+15.7%
Operating profit80.3 Hundred millions of yen+23.8%
Ordinary income90.3 Hundred millions of yen+8.9%
Net income75 Hundred millions of yen-3.7%
Results for the three months of the current quarter
Net Sales
First quarter of the fiscal year ending March 2026¥25.56 billion
Second quarter¥26.26 billion
Third quarter¥21.89 billion
Fourth quarter¥34.75 billion
Orders received
First quarter of the fiscal year ending March 2026¥25.62 billion
Second quarter¥31.78 billion
Third quarter¥24.62 billion
Fourth quarter¥36.52 billion
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales¥125 billion
Operating profit¥9.1 billion
Ordinary income¥9.8 billion
Profit attributable to owners of the parent¥7.6 billion
Earnings per share¥215.33
Annual Dividend¥93 (interim ¥46 / year-end ¥47)
What the company explained in this material
New initiatives
- Share repurchases
- Change to a shareholder return policy targeting a consolidated payout ratio of 45%
- Implementation of a common management system (CMS) at 旭サナック and integration of management, operations and corporate culture through PMI
- Establishment of new earnings platforms through complementary M&A
Key KPIsA metric the company considers important as a management benchmark.
Transaction volume¥295.72 billion (up 1.8% year on year)
Orders received¥118.56 billion (up 14.8% year on year)
Order backlog¥76.84 billion (up 15.1% year on year)
Equity ratio27.4%
ROE14.8%
Segment results
Energy Business
Net Sales¥38.49 billion (up 9.5% year on year)
Segment profit¥4.01 billion (up 11.5% year on year, after deducting negative goodwill)
Industrial-Machinery Business
Net Sales¥35.59 billion (up 43.4% year on year)
Segment profit¥140 million (returned to profitability)
Product Business
Net Sales¥34.39 billion (up 1.9% year on year)
Segment profit¥4.45 billion (up 23.8% year on year)
Medium-term management plan targets
Operating profit¥9.1 billion
Target fiscal yearFY2026 (final year of the medium-term management plan)
Comparison with actual resultsFY2025 actual: ¥8.03 billion; initial forecast: ¥6.6 billion; FY2026 target: ¥9.1 billion
Orders received and order backlog
Orders received¥118.56 billion
Order backlog¥76.84 billion
Annual Dividend
Fiscal year ending March 2026¥81.66 (interim ¥36.66 / year-end ¥45)
Forecast for the fiscal year ending March 2027¥93 (interim ¥46 / year-end ¥47)
Payout ratio
Projected payout ratio of 43.2% for the fiscal year ending March 2027, with a consolidated payout ratio target of 45%. Previously, the target was a total payout ratio of 45%.Acquisition of treasury shares
Number of shares acquired1,050,000 shares (maximum)
Acquisition price¥3 billion (maximum)
Acquisition period14 May 2026–31 August 2026
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | 1,084.8 Hundred millions of yen (YoY +15.7%) |
| Operating profit | 80.3 Hundred millions of yen (YoY +23.8%) |
| Ordinary income | 90.3 Hundred millions of yen (YoY +8.9%) |
| Net income | 75 Hundred millions of yen (YoY -3.7%) |
| Results for the three months of the current quarter | Net Sales First quarter of the fiscal year ending March 2026 ¥25.56 billion / Second quarter ¥26.26 billion / Third quarter ¥21.89 billion / Fourth quarter ¥34.75 billion / Orders received First quarter of the fiscal year ending March 2026 ¥25.62 billion / Second quarter ¥31.78 billion / Third quarter ¥24.62 billion / Fourth quarter ¥36.52 billion |
| Full-year earnings forecast | Fiscal year ending March 2027 Net Sales ¥125 billion / Operating profit ¥9.1 billion / Ordinary income ¥9.8 billion / Profit attributable to owners of the parent ¥7.6 billion / Earnings per share ¥215.33 / Annual Dividend ¥93 (interim ¥46 / year-end ¥47) |
| Segment results | Energy Business Net Sales ¥38.49 billion (up 9.5% year on year) / Segment profit ¥4.01 billion (up 11.5% year on year, after deducting negative goodwill) / Industrial-Machinery Business Net Sales ¥35.59 billion (up 43.4% year on year) / Segment profit ¥140 million (returned to profitability) / Product Business Net Sales ¥34.39 billion (up 1.9% year on year) / Segment profit ¥4.45 billion (up 23.8% year on year) |
| Key KPIs | Transaction volume ¥295.72 billion (up 1.8% year on year) / Orders received ¥118.56 billion (up 14.8% year on year) / Order backlog ¥76.84 billion (up 15.1% year on year) / Equity ratio 27.4% / ROE 14.8% |
| Medium-term management plan targets | Operating profit ¥9.1 billion / Target fiscal year FY2026 (final year of the medium-term management plan) / Comparison with actual results FY2025 actual: ¥8.03 billion; initial forecast: ¥6.6 billion; FY2026 target: ¥9.1 billion |
| Annual Dividend | Fiscal year ending March 2026 ¥81.66 (interim ¥36.66 / year-end ¥45) / Forecast for the fiscal year ending March 2027 ¥93 (interim ¥46 / year-end ¥47) |
| Payout ratio | Projected payout ratio of 43.2% for the fiscal year ending March 2027, with a consolidated payout ratio target of 45%. Previously, the target was a total payout ratio of 45%. |
| Acquisition of treasury shares | Number of shares acquired 1,050,000 shares (maximum) / Acquisition price ¥3 billion (maximum) / Acquisition period 14 May 2026–31 August 2026 |
| Orders received and order backlog | Orders received ¥118.56 billion / Order backlog ¥76.84 billion |
| New initiatives | Share repurchases, Change to a shareholder return policy targeting a consolidated payout ratio of 45%, Implementation of a common management system (CMS) at 旭サナック and integration of management, operations and corporate culture through PMI, Establishment of new earnings platforms through complementary M&A |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsCapital expendituresMarket 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.The consolidated subsidiaries in the Energy Business and Product Business performed well, driving increases in revenue and operating profit. In the Energy Business, deliveries of power plant construction projects progressed smoothly. In the Industrial Machinery Business, performance improved through deliveries of functional film manufacturing plants and other projects. In the Product Business, Nippon Dia Valve and the Tsurumi (Europe) GmbH group performed steadily. Meanwhile, profit was weighed down by the absence of the negative goodwill recognized in the previous fiscal year and a decrease in gains on the sale of cross-held shares.
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