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Earnings presentation8085NARASAKI SANGYO CO.,LTD.Trading & Wholesale

Earnings Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ending March 2026, revenue increased 6.9% year on year and operating profit increased 0.2%. Revenue and gross profit reached record-high levels. Operating profit, ordinary profit and net income were below the full-year forecasts, but all three still increased year on year.

Worth reading
72In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
7769
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥120,282 million+6.9%
Operating profit¥3,068 million+0.2%
Ordinary income¥3,170 million+1.2%
Net income¥2,242 million0.0%
Operating profit margin2.6%. Down 0.1 percentage point year on year
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥125,000 million
Operating profit
¥3,500 million
Ordinary income
¥3,500 million
Net income for the current fiscal year
¥2,500 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit, ordinary profit and net income attributable to owners of the parent were below the full-year forecasts, but all three increased year on year
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Gross profit (revenue fluctuation)¥828 million
  • Gross profit (margin fluctuation)¥41 million
  • Higher SG&A Expenses¥-863 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Specific figures for exchange rates, raw material prices, interest rates and volumes are Not disclosed. The business environment is described in terms of international conditions, materials and energy prices, labor shortages, demand for AI, DX and GX, and infrastructure development needs
New initiatives
  • Core system renewal and ERP system investment
  • Investment related to DX, GX, the environment and energy conservation
  • Utilization of the Tomakomai East Port Logistics Center
  • Commercialization of diatomaceous earth sheets
  • Considering Share Repurchases
  • Consideration of a stock split
  • Review of the IR and public relations structure and enhancement of non-financial information disclosure
Key KPIsA metric the company considers important as a management benchmark.
  • PBR0.76 times
    Year on year against the same period last yearTrending higher
  • ROE8.1 %
    Year on year against the same period last year-0.8%
  • Equity ratio46.4 %
    Year on year against the same period last year+0.1%
Segment results
  • Electrical equipment-related
    Net Sales
    Fiscal year ending March 2025 ¥29,265 million / Fiscal year ending March 2026 ¥31,824 million / Change ¥2,559 million
    Segment profit
    Fiscal year ending March 2025 ¥1,585 million / Fiscal year ending March 2026 ¥1,370 million / Change ¥-215 million
  • Machinery-related
    Net Sales
    Fiscal year ending March 2025 ¥9,189 million / Fiscal year ending March 2026 ¥9,469 million / Change ¥280 million
    Segment profit
    Fiscal year ending March 2025 ¥269 million / Fiscal year ending March 2026 ¥417 million / Change ¥148 million
  • Construction and energy-related
    Net Sales
    Fiscal year ending March 2025 ¥57,917 million / Fiscal year ending March 2026 ¥62,983 million / Change ¥5,066 million
    Segment profit
    Fiscal year ending March 2025 ¥910 million / Fiscal year ending March 2026 ¥876 million / Change ¥-34 million
  • Shipping-related
    Net Sales
    Fiscal year ending March 2025 ¥16,140 million / Fiscal year ending March 2026 ¥16,005 million / Change ¥-135 million
    Segment profit
    Fiscal year ending March 2025 ¥317 million / Fiscal year ending March 2026 ¥398 million / Change ¥81 million
Medium-term management plan targets
  • TargetOperating profit of ¥4 billion
    Target fiscal yearFiscal 2026
  • TargetROE10%
    Target fiscal yearFiscal 2026
  • TargetPayout ratio of at least 30%
    Target fiscal yearFiscal 2026
  • TargetPBR above 1x
    Target fiscal yearAs soon as possible
Financial targets
  • ROE
    Target value10% (fiscal 2026)
    Actual value8.1% (fiscal year ending March 2026)
  • PBR
    Target value1.0x
    Actual value0.76x (fiscal year ending March 2026)
  • Equity ratio
    Actual value46.4%
Capital expenditures
¥26 100 million
Annual Dividend
Actual results for the fiscal year ending March 2026¥130 per share; total dividends of ¥650 million
Forecast for the fiscal year ending March 2027¥140 per share
Payout ratio
29.5% for the fiscal year ending March 2026; target of at least 30% for fiscal 2026
Acquisition of treasury shares
¥500 million planned for shareholder returns. The number of shares and acquisition period under the repurchase authorization are Not disclosed. The materials state that share repurchases are under consideration
Gross profit
Up 7.2% year on year. The margin figure and year-on-year change points are Not disclosed
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥120,282 million (YoY +6.9%)
Operating profit¥3,068 million (YoY +0.2%)
Ordinary income¥3,170 million (YoY +1.2%)
Net income¥2,242 million (YoY 0.0%)
Gross profitUp 7.2% year on year. The margin figure and year-on-year change points are Not disclosed
Operating profit margin2.6%. Down 0.1 percentage point year on year
Full-year earnings forecastFiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥125,000 million / Operating profit ¥3,500 million / Ordinary income ¥3,500 million / Net income for the current fiscal year ¥2,500 million
Self-assessment against the planOperating profit, ordinary profit and net income attributable to owners of the parent were below the full-year forecasts, but all three increased year on year
Segment resultsSegment Electrical equipment-related / Net Sales Fiscal year ending March 2025 ¥29,265 million / Fiscal year ending March 2026 ¥31,824 million / Change ¥2,559 million / Segment profit Fiscal year ending March 2025 ¥1,585 million / Fiscal year ending March 2026 ¥1,370 million / Change ¥-215 million, Segment Machinery-related / Net Sales Fiscal year ending March 2025 ¥9,189 million / Fiscal year ending March 2026 ¥9,469 million / Change ¥280 million / Segment profit Fiscal year ending March 2025 ¥269 million / Fiscal year ending March 2026 ¥417 million / Change ¥148 million, Segment Construction and energy-related / Net Sales Fiscal year ending March 2025 ¥57,917 million / Fiscal year ending March 2026 ¥62,983 million / Change ¥5,066 million / Segment profit Fiscal year ending March 2025 ¥910 million / Fiscal year ending March 2026 ¥876 million / Change ¥-34 million, Segment Shipping-related / Net Sales Fiscal year ending March 2025 ¥16,140 million / Fiscal year ending March 2026 ¥16,005 million / Change ¥-135 million / Segment profit Fiscal year ending March 2025 ¥317 million / Fiscal year ending March 2026 ¥398 million / Change ¥81 million
Breakdown of Factors Affecting the ChangeFactors Gross profit (revenue fluctuation) / Amount ¥828 million, Factors Gross profit (margin fluctuation) / Amount ¥41 million, Factors Higher SG&A Expenses / Amount ¥-863 million
Key KPIsIndicator PBR / Value 0.76 times / Year on year against the same period last year Trending higher, Indicator ROE / Value 8.1 % / Year on year against the same period last year -0.8 %, Indicator Equity ratio / Value 46.4 % / Year on year against the same period last year 0.1 %
Assumptions Underlying the Business OutlookSpecific figures for exchange rates, raw material prices, interest rates and volumes are Not disclosed. The business environment is described in terms of international conditions, materials and energy prices, labor shortages, demand for AI, DX and GX, and infrastructure development needs
Medium-term management plan targetsTarget Operating profit of ¥4 billion / Target fiscal year Fiscal 2026, Target ROE10% / Target fiscal year Fiscal 2026, Target Payout ratio of at least 30% / Target fiscal year Fiscal 2026, Target PBR above 1x / Target fiscal year As soon as possible
Financial targetsIndicator ROE / Target value 10% (fiscal 2026) / Actual value 8.1% (fiscal year ending March 2026), Indicator PBR / Target value 1.0x / Actual value 0.76x (fiscal year ending March 2026), Indicator Equity ratio / Target value Not disclosed / Actual value 46.4%
Annual DividendActual results for the fiscal year ending March 2026 ¥130 per share; total dividends of ¥650 million / Forecast for the fiscal year ending March 2027 ¥140 per share / Interim and Year-End Breakdown Not disclosed
Payout ratio29.5% for the fiscal year ending March 2026; target of at least 30% for fiscal 2026
Acquisition of treasury shares¥500 million planned for shareholder returns. The number of shares and acquisition period under the repurchase authorization are Not disclosed. The materials state that share repurchases are under consideration
Capital expenditures¥26 100 million
New initiativesCore system renewal and ERP system investment, Investment related to DX, GX, the environment and energy conservation, Utilization of the Tomakomai East Port Logistics Center, Commercialization of diatomaceous earth sheets, Considering Share Repurchases, Consideration of a stock split, Review of the IR and public relations structure and enhancement of non-financial information disclosure
Items this document does not state (10)
Selling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookOrders 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.

Revenue increased against a backdrop of infrastructure investment, demand related to generative AI, production facilities, and DX and GX demand in the agriculture, forestry and fisheries sectors. On the earnings front, gross profit increased as a result of higher revenue and improved margins, while SG&A expenses increased due to amortization associated with the replacement of core systems, relocation-related expenses, and higher personnel expenses resulting from salary revisions.

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.
Earnings Presentation Materials for the Fiscal Year Ending March 2026 | NARASAKI SANGYO CO.,LTD. (8085) timely disclosure | Komori