Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
Earnings declined due to the gradual slowdown in the global economy, sluggish capital investment, inflation and labor shortages, declining demand for construction applications, falling steel prices, lower sales volumes for automotive applications, weak steel demand, falling prices for key raw materials, lower profitability in the resource recycling business and operating disruptions at business partners. Meanwhile, the Machinery Unit reported higher revenue and earnings due to increased deliveries of non-standard compressors, decarbonization-related equipment, PVD equipment, construction machinery components and equipment for LNG applications.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥608,142 million (YoY -1.5%) |
| Operating profit | ¥11,577 million (YoY -12.4%) |
| Ordinary income | ¥11,022 million (YoY -6.3%) |
| Profit attributable to owners of the parent | ¥8,286 million (YoY -3.2%) |
| Net income per share | ¥313.65 |
| Operating Margin | Current fiscal year 1.9 ％ / Previous period 2.1 ％ |
| Equity ratio | End of the current fiscal period 25.8 ％ / End of previous period 23.6 ％ |
| Total assets | ¥383,623 million |
| Net assets | ¥100,982 million |
| Cash flows from operating activities | ¥8,447 million |
| Cash flows from investing activities | ¥-1,579 million |
| Cash flows from financing activities | ¥-10,910 million |
| Cash and cash equivalents at end of period | ¥17,427 million |
| Full-year earnings forecast | Net Sales ¥686,000 million (YoY +12.8%) / Operating profit ¥12,100 million (YoY +4.5%) / Ordinary income ¥11,500 million (YoY +4.3%) / Profit attributable to owners of the parent ¥9,000 million (YoY +8.6%) |
| Annual Dividend Forecast | ¥106.00 → ¥130.00（+22.6%） |
| Payout ratio | Fiscal year ending March 2026 33.8 ％ / Forecast for the fiscal year ending March 2027 38.2 ％ |
| Segment revenue | Steel ¥250,092 million (YoY -3.0%), Aluminum and Copper ¥187,946 million (YoY -0.1%), Raw materials ¥77,652 million (YoY -3.7%), Machinery ¥63,726 million (YoY +4.2%), Welding ¥28,524 million (YoY -2.3%) |
| Segment profit | Steel ¥4,738 million (YoY -15.4%), Aluminum and Copper ¥2,836 million (YoY -8.3%), Raw materials ¥-61 million, Machinery ¥3,046 million (YoY +33.3%), Welding ¥638 million (YoY -9.2%) |
| Depreciation and amortization | ¥1,487 million |
| Impairment loss | ¥107 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥2,092 million, Gain on negative goodwill ¥101 million / Extraordinary loss Impairment Losses ¥107 million, Loss on sale of investment securities ¥21 million, Impairment Loss on Investment Securities ¥19 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 26,581,686 |
| Treasury Shares at Period-End | 159,328 |
| Factors Behind Changes in Business Performance | Earnings declined due to the gradual slowdown in the global economy, sluggish capital investment, inflation and labor shortages, declining demand for construction applications, falling steel prices, lower sales volumes for automotive applications, weak steel demand, falling prices for key raw materials, lower profitability in the resource recycling business and operating disruptions at business partners. Meanwhile, the Machinery Unit reported higher revenue and earnings due to increased deliveries of non-standard compressors, decarbonization-related equipment, PVD equipment, construction machinery components and equipment for LNG applications. |
Items this document does not state (4)
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 slowdown in the global economy, sluggish capital investment, declining demand for construction applications, falling steel prices, lower sales volumes for automotive applications and weak steel demand contributed to lower revenue and earnings. Meanwhile, the Machinery Unit reported higher revenue and earnings due to increased deliveries of equipment and components in Japan and overseas.