Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-2.6
Operating profit year-on-year change (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥119,164 million+0.7%
Operating profit¥22,339 million-2.6%
Ordinary income¥21,786 million-3.1%
Net income¥14,760 million+19.9%
Operating profit margin18.7 %-0.6%
Full-year earnings forecast
Net Sales
¥105,600 million
Operating profit
¥7,500 million
Ordinary income
¥6,500 million
Profit attributable to owners of the parent
¥4,100 million
EBITDA
¥14,900 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Waste treatment and recycling business612
Resource recycling business810
Renewable energy business1,025
Other-2,134
Operating profit
Waste treatment and recycling business-1,021
Resource recycling business-90
Renewable energy business-746
Other969
Consolidated adjustments-8
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Electricity and fuel costsAssumes a certain degree of increase
Disaster-waste treatment support businessExpects a decline in earnings
Head Office RelocationExpects higher costs associated with consolidating 3 sites
New initiatives
- Formulation of Medium-Term Management Plan 2030
- Promotion of the TRE Environmental Complex Business Concept
- Construction of the Ichihara Green Center
- Opening of a dioxin renewal and regeneration facility at リバー環境サービス's Kawashima site
- Development of new sites and businesses related to resource circulation and recycling
- Promotion of carbon-neutrality-related businesses
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio48.4 %
- Total Payout Ratio36.8 %
- Dividend payout ratio36.8 %
- ROE target10% or higher
- Equity ratio target40% or more
Segment results
Waste treatment and recycling business
Net Sales
¥52,973 million
Operating profit
¥18,569 million
Year-on-year change in revenue1.6
Year-on-year operating profit growth-4.2
Resource recycling business
Net Sales
¥43,116 million
Operating profit
¥2,309 million
Year-on-year change in revenue1.9
Year-on-year operating profit growth-2.6
Renewable energy business
Net Sales
¥14,656 million
Operating profit
¥790 million
Year-on-year change in revenue7.4
Year-on-year operating profit growth-69.6
Other
Net Sales
¥8,341 million
Operating profit
¥131 million
Year-on-year change in revenue-21
Year-on-year operating profit growth97
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2030
Net Sales
¥125,000 million
Operating profit
¥11,000 million
Operating profit margin
8.8 %
Profit attributable to owners of the parent
¥6,240 million
EBITDA
¥21,300 million
Financial targets
ROE10% or higher (through the fiscal year ending March 2029)
Equity ratio40% or higher (throughout the period of the medium-term plan)
Total payout ratio35〜45%
Capital expenditures
¥16,452 million
Annual Dividend
Annual dividend per share¥50
Payout ratio
36.8 %
Total payout ratio
36.8 %
Acquisition of treasury shares
Approximately ¥3 billion in total
Number of SharesApproximately 1.82 million shares
PeriodAugust 2025 to February 2026
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥119,164 million (YoY +0.7%) |
| Operating profit | ¥22,339 million (YoY -2.6%) |
| Ordinary income | ¥21,786 million (YoY -3.1%) |
| Net income | ¥14,760 million (YoY +19.9%) |
| Operating profit margin | 18.7 % (YoY -0.6%) |
| Full-year earnings forecast | Net Sales ¥105,600 million / Operating profit ¥7,500 million / Ordinary income ¥6,500 million / Profit attributable to owners of the parent ¥4,100 million / EBITDA ¥14,900 million |
| Segment results | Waste treatment and recycling business Net Sales ¥52,973 million / Operating profit ¥18,569 million / Year-on-year change in revenue 1.6 / Year-on-year operating profit growth -4.2 / Resource recycling business Net Sales ¥43,116 million / Operating profit ¥2,309 million / Year-on-year change in revenue 1.9 / Year-on-year operating profit growth -2.6 / Renewable energy business Net Sales ¥14,656 million / Operating profit ¥790 million / Year-on-year change in revenue 7.4 / Year-on-year operating profit growth -69.6 / Other Net Sales ¥8,341 million / Operating profit ¥131 million / Year-on-year change in revenue -21 / Year-on-year operating profit growth 97 |
| Breakdown of Factors Affecting the Change | Net Sales Waste treatment and recycling business 612 / Resource recycling business 810 / Renewable energy business 1,025 / Other -2,134 / Operating profit Waste treatment and recycling business -1,021 / Resource recycling business -90 / Renewable energy business -746 / Other 969 / Consolidated adjustments -8 |
| Key KPIs | Indicator name Equity ratio / Value 48.4 % / Year on year against the same period last year Not disclosed, Indicator name Total Payout Ratio / Value 36.8 % / Year on year against the same period last year Not disclosed, Indicator name Dividend payout ratio / Value 36.8 % / Year on year against the same period last year Not disclosed, Indicator name ROE target / Value 10% or higher / Year on year against the same period last year Not disclosed, Indicator name Equity ratio target / Value 40% or more / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Electricity and fuel costs Assumes a certain degree of increase / Disaster-waste treatment support business Expects a decline in earnings / Head Office Relocation Expects higher costs associated with consolidating 3 sites |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2030 / Net Sales ¥125,000 million / Operating profit ¥11,000 million / Operating profit margin 8.8 % / Profit attributable to owners of the parent ¥6,240 million / EBITDA ¥21,300 million |
| Financial targets | ROE 10% or higher (through the fiscal year ending March 2029) / Equity ratio 40% or higher (throughout the period of the medium-term plan) / Total payout ratio 35〜45% |
| Annual Dividend | Annual dividend per share ¥50 / Breakdown Not disclosed |
| Payout ratio | 36.8 % |
| Acquisition of treasury shares | Amount Approximately ¥3 billion in total / Number of Shares Approximately 1.82 million shares / Period August 2025 to February 2026 |
| Capital expenditures | ¥16,452 million |
| New initiatives | Formulation of Medium-Term Management Plan 2030, Promotion of the TRE Environmental Complex Business Concept, Construction of the Ichihara Green Center, Opening of a dioxin renewal and regeneration facility at リバー環境サービス's Kawashima site, Development of new sites and businesses related to resource circulation and recycling, Promotion of carbon-neutrality-related businesses |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit 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.The Company cited the following factors behind the decline in operating profit: the year-on-year decline in Hokuetsu Environmental Service's disaster-waste treatment support business following the completion of related projects; higher personnel expenses and depreciation associated with capital investment in the resource recycling business; and fewer operating days, output curtailment and higher repair expenses in the renewable energy business. Factors contributing to higher profit included increased volumes handled in the waste treatment and recycling business, higher sales volumes and market prices in the resource recycling business, and increased electricity sales volumes in the renewable energy business.
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.
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