Komori
Earnings8077TORQ Inc.Trading & Wholesale

Summary of Financial Results for the Second Quarter of the Fiscal Year Ending October 2026 (Japanese GAAP) (Consolidated)

For the six months ended 30 April 2026, revenue decreased 6.6% year on year and operating profit decreased 43.4%. Ordinary profit and net income attributable to owners of the parent also declined. The full-year earnings forecasts and annual dividend forecast were unchanged, with the annual dividend maintained at ¥6.

Worth reading
34Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
43.4
% (year-on-year decrease in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 November 2025 to 30 April 2026ConsolidatedJapanese GAAP
Net Sales10,606Millions of yenYear on year -6.6%Progress 50.5%
Operating profit326Millions of yenYear on year -43.4%Progress 50.2%
Ordinary income399Millions of yenYear on year -33.5%Progress 42.0%
Net income attributable to owners of the parent249Millions of yenYear on year -37.0%

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¥11.03
Financial position at period-end
Total assets34,080Millions of yen
of which net assets 14,457 Millions of yenEquity ratio 42.4%vs. prior year-end +0.4pt

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+829,309
Investment-23,563
Financials-340,621
Net change+465,125

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥3,731,572 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales21,000 Millions of yen (YoY -6.8%)
Operating profit650 Millions of yen (YoY -35.6%)
Ordinary income950 Millions of yen (YoY -25.7%)
Profit attributable to owners of the parent550 Millions of yen (YoY -39.2%)
Annual Dividend Forecast¥6 → ¥6(0.0%)
Factors Behind Changes in Business Performance

Severe labor shortages at construction sites and surging material prices caused construction starts and project progress to stagnate, and market conditions continued to deteriorate, with steel-frame demand falling to levels below those seen during past recessionary periods. Both orders received and demand remained weak.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNo
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss No
Depreciation and amortization¥191,788 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者:Not applicable)
Issued Shares at Period-End26,007,448
Treasury Shares at Period-End3,391,523
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 November 2025 to 30 April 2026
Net Sales10,606 Millions of yen (YoY -6.6%)
Operating profit326 Millions of yen (YoY -43.4%)
Ordinary income399 Millions of yen (YoY -33.5%)
Profit attributable to owners of the parent249 Millions of yen (YoY -37.0%)
Net income per share¥11.03
Equity ratioEnd of the current fiscal period 42.4 / End of previous period 42
Total assets34,080 Millions of yen
Net assets14,457 Millions of yen
Cash flows from operating activities¥829,309 thousand
Cash flows from investing activities¥-23,563 thousand
Cash flows from financing activities¥-340,621 thousand
Cash and cash equivalents at end of period¥3,731,572 thousand
Full-year earnings forecastNet Sales 21,000 Millions of yen (YoY -6.8%) / Operating profit 650 Millions of yen (YoY -35.6%) / Ordinary income 950 Millions of yen (YoY -25.7%) / Profit attributable to owners of the parent 550 Millions of yen (YoY -39.2%)
Annual Dividend Forecast¥6 → ¥6(0.0%)
Depreciation and amortization¥191,788 thousand
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss No
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNo
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者:Not applicable)
Issued Shares at Period-End26,007,448
Treasury Shares at Period-End3,391,523
Factors Behind Changes in Business PerformanceSevere labor shortages at construction sites and surging material prices caused construction starts and project progress to stagnate, and market conditions continued to deteriorate, with steel-frame demand falling to levels below those seen during past recessionary periods. Both orders received and demand remained weak.
Items this document does not state (10)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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.

Construction starts and project progress stagnated due to labor shortages at construction sites and surging material prices, while market conditions deteriorated, with steel-frame demand falling to levels below those seen during past recessionary periods. Although the Company improved the functions of its web-based sales system “ねじネット,” expanded its product lineup, added customer-facing functions, and strengthened procurement of new imported products, these measures were insufficient to offset the deteriorating external environment, and both orders received and demand remained weak.

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.
Summary of Financial Results for the Second Quarter of the Fiscal Year Ending October 2026 (Japanese GAAP) (Consolidated) | TORQ Inc. (8077) timely disclosure | Komori