Worth reading
85Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
292
¥100 million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ended March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,769 hundred million+19.8%
Operating profit¥41 hundred million+84.1%
Ordinary income¥38 hundred million+28.3%
Net income¥25 hundred million+26.7%
Selling, general and administrative expenses¥70 hundred million
Results for the three months of the current quarter
Net SalesFY2026 1Q: revenue ¥176.9 billion, operating income ¥4.1 billion, ordinary income ¥3.8 billion, and net income attributable to owners of the parent ¥2.5 billion
Full-year earnings forecast
Net Sales
¥7,060 hundred million
Operating profit
¥135 hundred million
Ordinary income
¥125 hundred million
Profit attributable to owners of the parent
¥95 hundred million
Annual Dividend
¥138
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 Sales25.1%
Operating profit30.3%
Ordinary income30.2%
Profit attributable to owners of the parent26.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Full-year earnings are expected to exceed the initial assumptionsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year bridge for ordinary income
Volume (standalone)Volume (standalone): +¥200 million for the Aluminum & Copper unit, among other factors
Selling, general and administrative expenses (standalone)Down ¥100 million
Non-operating income and expenses (standalone)−¥300 million
Affiliates+¥700 million
One-off gains and losses-¥0.0 billion
Breakdown of one-time gains and losses
Absence of dividends received in the previous fiscal year-¥800 million
Impact of aluminum and copper ingot prices+¥0.3 billion
Impact of ingot prices at welding affiliates+¥200 million
Impact of derivative valuation+¥100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Production volume of Japanese automakersFlat year on year
Semiconductor-related demandRemains strong
Steel pricesAbove the initial assumptions
Foreign exchangeThe yen is currently weaker than assumed
New initiatives
- Local Energy System has launched a black bark pellet business at its Saijo Plant. Commercial operations are scheduled to begin in October 2026, with annual production of 30,000 mt.
- Research and development has begun on advanced sorting and pretreatment technology for aluminum scrap, selected by NEDO and involving 8 companies and institutions from industry, government and academia. The initiative aims to achieve a recovery rate of more than 80% for wrought aluminum products by FY2028.
- New materiality issues were identified in May 2026
Key KPIsA metric the company considers important as a management benchmark.
Equity ratio
25.2 %
Debt-to-equity ratio
0.6 times
yoy_change+0.0x
ROE
8.7 %
periodFY2025 actual
ROIC
5.1 %
periodFY2025 actual
PBR
0.62 times
Book value per share
¥3,870.2
Closing Share Price
¥2,395
Global Sites
77 Location
Group Companies
61 companies
Segment results
Steel
Ordinary income
¥12 hundred million
yoy_change-¥400 million
Aluminum and Copper
Ordinary income
¥12 hundred million
yoy_change+¥500 million
Raw materials
Ordinary income
¥2 hundred million
yoy_change+¥200 million
Machinery
Ordinary income
¥7 hundred million
yoy_change+¥200 million
Welding
Ordinary income
¥5 hundred million
yoy_change+¥400 million
Other
Ordinary income
¥0 hundred million
yoy_change+¥100 million
Number of stores and locations
77 global locations. Number of openings and closures during the period: Not disclosedNumber of employees
Consolidated
1,518 people
Standalone
526 people
Record date31 March 2026
Annual Dividend
Annual
¥138
Interim
¥69
End of period
¥69
Payout ratio
30 % or higher
PolicyThe higher of a consolidated payout ratio of 30% or more and a dividend of ¥100 per share
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ended March 2026 |
| Net Sales | ¥1,769 hundred million (YoY +19.8%) |
| Operating profit | ¥41 hundred million (YoY +84.1%) |
| Ordinary income | ¥38 hundred million (YoY +28.3%) |
| Net income | ¥25 hundred million (YoY +26.7%) |
| Selling, general and administrative expenses | ¥70 hundred million |
| Results for the three months of the current quarter | Net Sales FY2026 1Q: revenue ¥176.9 billion, operating income ¥4.1 billion, ordinary income ¥3.8 billion, and net income attributable to owners of the parent ¥2.5 billion |
| Full-year earnings forecast | Net Sales ¥7,060 hundred million / Operating profit ¥135 hundred million / Ordinary income ¥125 hundred million / Profit attributable to owners of the parent ¥95 hundred million / Annual Dividend ¥138 |
| Progress against full-year forecast | Net Sales 25.1% / Operating profit 30.3% / Ordinary income 30.2% / Profit attributable to owners of the parent 26.4% |
| Self-assessment against the plan | Full-year earnings are expected to exceed the initial assumptions |
| Segment results | Steel Ordinary income ¥12 hundred million / Aluminum and Copper Ordinary income ¥12 hundred million / Raw materials Ordinary income ¥2 hundred million / Machinery Ordinary income ¥7 hundred million / Welding Ordinary income ¥5 hundred million / Other Ordinary income ¥0 hundred million |
| Breakdown of Factors Affecting the Change | Year-on-year bridge for ordinary income Prices (standalone) Not disclosed / Volume (standalone) Volume (standalone): +¥200 million for the Aluminum & Copper unit, among other factors / Machinery and equipment (standalone) Not disclosed / Maintenance and services (standalone) Not disclosed / Selling, general and administrative expenses (standalone) Down ¥100 million / Non-operating income and expenses (standalone) −¥300 million / Affiliates +¥700 million / Other Not disclosed / One-off gains and losses -¥0.0 billion / Breakdown of one-time gains and losses Absence of dividends received in the previous fiscal year -¥800 million / Impact of aluminum and copper ingot prices +¥0.3 billion / Impact of ingot prices at welding affiliates +¥200 million / Impact of derivative valuation +¥100 million |
| Key KPIs | Equity ratio 25.2 % / Debt-to-equity ratio 0.6 times / ROE 8.7 % / ROIC 5.1 % / PBR 0.62 times / Book value per share ¥3,870.2 / Closing Share Price ¥2,395 / Global Sites 77 Location / Group Companies 61 companies |
| Number of stores and locations | 77 global locations. Number of openings and closures during the period: Not disclosed |
| Number of employees | Consolidated 1,518 people / Standalone 526 people / Record date 31 March 2026 / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Production volume of Japanese automakers Flat year on year / Semiconductor-related demand Remains strong / Steel prices Above the initial assumptions / Foreign exchange The yen is currently weaker than assumed |
| Annual Dividend | Annual ¥138 / Interim ¥69 / End of period ¥69 |
| Payout ratio | 30 % or higher |
| New initiatives | Local Energy System has launched a black bark pellet business at its Saijo Plant. Commercial operations are scheduled to begin in October 2026, with annual production of 30,000 mt., Research and development has begun on advanced sorting and pretreatment technology for aluminum scrap, selected by NEDO and involving 8 companies and institutions from industry, government and academia. The initiative aims to achieve a recovery rate of more than 80% for wrought aluminum products by FY2028., New materiality issues were identified in May 2026 |
Items this document does not state (11)
Gross Profit MarginOperating profit marginUnit price and quantity metricsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders 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.Sales of aluminum sheets for automobiles, thick aluminum plates for semiconductor equipment, decarbonization-related equipment, and maintenance services increased. The full-year forecast was revised upward due to strong demand related to semiconductors and decarbonization, steel prices exceeding initial assumptions, and the yen trading weaker against the assumed level recently.
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.