Worth reading
59In 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
2075
Millions of yen (year-on-year increase in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFY2027/3 interim period12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥163,543 million+14.9%
Operating profit¥5,304 million+64.3%
Ordinary income¥5,582 million+58.6%
Net income¥3,952 million +34.8%first-half net income attributable to owners of the parent
Gross Profit Margin8.6
Operating profit margin3.2
Selling, general and administrative expenses¥8,821 million
Full-year earnings forecast
Net Sales
¥325,000 million
Operating profit
¥10,300 million
Ordinary income
¥10,500 million
Profit attributable to owners of the parent
¥8,100 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 Sales50.3 %
Operating profit51.5 %
Ordinary income53.2 %
Net income for the current fiscal year48.8 %
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Uncertainty is expected to persist, including rising costs and procurement impacts associated with the situation in the Middle EastNew initiatives
- Launch of the overseas group business (change to a 7-segment structure)
- Expansion into Southeast Asia, India and other markets through overseas investment and the establishment of new locations
- Promotion of sales activities by leveraging the group network
- Strengthened recruitment and development of global talent
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio43.2 %Year on year against the same period last yearUp 0.9 percentage points from the end of the previous fiscal year
- Free cash flow¥6,482 million
- Overseas group business revenue growth rate44.2 %Year on year against the same period last yearIncrease
- Overseas group business operating profit growth rate124.9 %Year on year against the same period last yearIncrease
Segment results
Steel
Net SalesBroadly unchanged year on year
Operating profitIncreased, up 31.4% year on year
Nonferrous Metals
Net SalesRevenue growth
Operating profitProfit growth
Electronics
Net SalesRevenue growth
Operating profitProfit growth
Machinery and Tools
Operating profitTurned profitable on an operating basis
Life Sales
Net SalesRevenue growth
Operating profitProfit growth
Sales development
Net SalesRevenue growth
Operating profitProfit growth
Overseas Group
Net SalesUp 44.2% year on year
Operating profitUp 124.9% year on year
Medium-term management plan targets
The company will address the priority issues under its Fourth Medium-Term Management Plan and aim to achieve its full-year targets. Specific medium-term target figures are not disclosedFinancial targets
Equity ratio
Actual results43.2 %
Market Size / Share
The company states that it has an industry-leading market share, but the figure is not disclosedNumber of stores and locations
Number at period-end41 domestic locations, 21 overseas locations
Number of employees
Number of Employees1,083 on a consolidated basis, 669 on a non-consolidated basis
Changes and hiring plans during the periodMore active recruitment and enhanced employee development
Capital expenditures
¥283 million acquisitions of property, plant and equipment
Annual Dividend
Annual dividend per share¥105
Interim Dividend¥50
Year-end dividend forecast¥55
Payout ratio
Payout ratio26.9 %
Deemed payout ratio30.3 %
DOE3.5 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | FY2027/3 interim period |
| Net Sales | ¥163,543 million (YoY +14.9%) |
| Operating profit | ¥5,304 million (YoY +64.3%) |
| Ordinary income | ¥5,582 million (YoY +58.6%) |
| Net income | ¥3,952 million (first-half net income attributable to owners of the parent) (YoY +34.8%) |
| Gross Profit Margin | 8.6 |
| Operating profit margin | 3.2 |
| Selling, general and administrative expenses | ¥8,821 million |
| Full-year earnings forecast | Net Sales ¥325,000 million / Operating profit ¥10,300 million / Ordinary income ¥10,500 million / Profit attributable to owners of the parent ¥8,100 million |
| Progress against full-year forecast | Net Sales 50.3 % / Operating profit 51.5 % / Ordinary income 53.2 % / Net income for the current fiscal year 48.8 % |
| Segment results | Steel Net Sales Broadly unchanged year on year / Operating profit Increased, up 31.4% year on year / Nonferrous Metals Net Sales Revenue growth / Operating profit Profit growth / Electronics Net Sales Revenue growth / Operating profit Profit growth / Machinery and Tools Net Sales Not disclosed / Operating profit Turned profitable on an operating basis / Life Sales Net Sales Revenue growth / Operating profit Profit growth / Sales development Net Sales Revenue growth / Operating profit Profit growth / Overseas Group Net Sales Up 44.2% year on year / Operating profit Up 124.9% year on year |
| Key KPIs | Indicator name Equity ratio / Value 43.2 % / Year on year against the same period last year Up 0.9 percentage points from the end of the previous fiscal year, Indicator name Free cash flow / Value ¥6,482 million / Year on year against the same period last year Not disclosed, Indicator name Overseas group business revenue growth rate / Value 44.2 % / Year on year against the same period last year Increase, Indicator name Overseas group business operating profit growth rate / Value 124.9 % / Year on year against the same period last year Increase |
| Number of stores and locations | Number at period-end 41 domestic locations, 21 overseas locations / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 1,083 on a consolidated basis, 669 on a non-consolidated basis / Changes and hiring plans during the period More active recruitment and enhanced employee development |
| Assumptions Underlying the Business Outlook | Uncertainty is expected to persist, including rising costs and procurement impacts associated with the situation in the Middle East |
| Medium-term management plan targets | The company will address the priority issues under its Fourth Medium-Term Management Plan and aim to achieve its full-year targets. Specific medium-term target figures are not disclosed |
| Financial targets | Equity ratio Actual results 43.2 % / Other Not disclosed |
| Annual Dividend | Annual dividend per share ¥105 / Interim Dividend ¥50 / Year-end dividend forecast ¥55 |
| Payout ratio | Payout ratio 26.9 % / Deemed payout ratio 30.3 % / DOE 3.5 % |
| Capital expenditures | ¥283 million (acquisitions of property, plant and equipment) |
| Market Size / Share | The company states that it has an industry-leading market share, but the figure is not disclosed |
| New initiatives | Launch of the overseas group business (change to a 7-segment structure), Expansion into Southeast Asia, India and other markets through overseas investment and the establishment of new locations, Promotion of sales activities by leveraging the group network, Strengthened recruitment and development of global talent |
Items this document does not state (8)
Results for the three months of the current quarterSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogKey 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.Overseas, sales of high-performance materials for AI servers and components for semiconductors, LCDs and HDDs increased. In Japan, nonferrous metals, electronics and life-related businesses also grew, improving operating profit in all 7 segments.
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.