Worth reading
42Recurring
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
15.7
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales105,856¥ millionYear on year +10.2%Progress 98.9%
Operating profit6,199¥ millionYear on year +15.7%Progress 117.0%
Ordinary income6,820¥ millionYear on year +13.1%Progress 115.6%
Net income attributable to owners of the parent4,854¥ millionYear on year +17.7%Progress 127.7%
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¥574.06
Operating MarginCurrent fiscal year 5.9 % / Previous period 5.6 %
Financial position at period-end
Total assets69,949¥ million
of which net assets 44,341 ¥ millionEquity ratio 59.6%vs. prior year-end +3.1pt
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+4,016
Investment+1,021
Financials-2,080
Net change+2,957
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.
Cash and cash equivalents at end of period¥22,139 million
Segment revenueマテリアルイノベーションズカンパニー ¥59,382 million (YoY +10.6%), インフラソリューションズカンパニー ¥38,461 million (YoY +14.2%), コマツ栃木 ¥6,490 million (YoY -7.3%), Other ¥1,521 million (YoY -12.3%)
Segment profitSegment マテリアルイノベーションズカンパニー / Current fiscal year ¥3,840 million / Previous period ¥3,266 million / yoy_pct Not disclosed, Segment インフラソリューションズカンパニー / Current fiscal year ¥2,425 million / Previous period ¥1,800 million / yoy_pct Not disclosed, Segment コマツ栃木 / Current fiscal year ¥655 million / Previous period ¥673 million / yoy_pct Not disclosed, Segment Other / Current fiscal year ¥346 million / Previous period ¥412 million / yoy_pct Not disclosed
Regional salesRegion Northern Kanto area / Current fiscal year ¥71,869 million / Previous period ¥67,559 million / yoy_pct Not disclosed, Region Tokyo metropolitan area / Current fiscal year ¥26,853 million / Previous period ¥22,588 million / yoy_pct Not disclosed, Region Tohoku area / Current fiscal year ¥4,549 million / Previous period ¥3,639 million / yoy_pct Not disclosed, Region Other / Current fiscal year ¥2,584 million / Previous period ¥2,312 million / yoy_pct Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥107,000 million (YoY +1.1%)
Operating profit¥5,300 million (YoY -14.5%)
Ordinary income¥5,900 million (YoY -13.5%)
Net income¥3,800 million (YoY -21.7%)
Annual Dividend Forecast¥160 → ¥160（0.0%）
Payout ratioFiscal year ending March 2026 27.9 % / Forecast for the fiscal year ending March 2027 35.6 %
Factors Behind Changes in Business Performance
Revenue increased at the Materials Innovations Company and Infrastructure Solutions Company due to the conversion to LED lighting fixtures, renovations to high-voltage power receiving equipment, increased cable orders and higher cable prices, construction materials work, large-scale information solutions projects, medical equipment, semiconductor and logistics-related products, and environmental improvement projects. By contrast, revenue declined at コマツ栃木 because of lower sales of new and used vehicles, while revenue in Other declined due to the sale of power generation equipment and the effects of weather and sluggish orders.
Disclosure regarding the going concern assumption
Not applicable.
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 consolidation0 additions (company name: —), 0 exclusions (company name: —)
Material subsequent eventsThe company has entered into an absorption-type company split agreement, effective 1 October 2026, and plans to transition to a holding company structure. The company name will be changed to 「藤井産業ホールディングス株式会社」 and certain provisions of the Articles of Incorporation will be amended. The transaction is subject to approval at the Annual General Meeting of Shareholders.
Impairment lossNot applicable.
Breakdown of extraordinary income (loss)Extraordinary income Gain on receipt of government subsidies and other grants ¥148 million, Gain on sale of non-current assets ¥284 million, Gain on sale of investment securities ¥198 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥12 million, Loss on reduction of fixed assets ¥148 million
Depreciation and amortization¥736 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End10,010,000 shares
Treasury Shares at Period-End1,553,436 shares
| 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 | ¥105,856 million (YoY +10.2%) |
| Operating profit | ¥6,199 million (YoY +15.7%) |
| Ordinary income | ¥6,820 million (YoY +13.1%) |
| Profit attributable to owners of the parent | ¥4,854 million (YoY +17.7%) |
| Net income per share | ¥574.06 |
| Operating Margin | Current fiscal year 5.9 % / Previous period 5.6 % |
| Equity ratio | End of the current fiscal period 59.6 / End of previous period 56.5 |
| Total assets | ¥69,949 million |
| Net assets | ¥44,341 million |
| Cash flows from operating activities | ¥4,016 million |
| Cash flows from investing activities | ¥1,021 million |
| Cash flows from financing activities | ¥-2,080 million |
| Cash and cash equivalents at end of period | ¥22,139 million |
| Full-year earnings forecast | Net Sales ¥107,000 million (YoY +1.1%) / Operating profit ¥5,300 million (YoY -14.5%) / Ordinary income ¥5,900 million (YoY -13.5%) / Net income ¥3,800 million (YoY -21.7%) |
| Annual Dividend Forecast | ¥160 → ¥160（0.0%） |
| Payout ratio | Fiscal year ending March 2026 27.9 % / Forecast for the fiscal year ending March 2027 35.6 % |
| Segment revenue | マテリアルイノベーションズカンパニー ¥59,382 million (YoY +10.6%), インフラソリューションズカンパニー ¥38,461 million (YoY +14.2%), コマツ栃木 ¥6,490 million (YoY -7.3%), Other ¥1,521 million (YoY -12.3%) |
| Segment profit | Segment マテリアルイノベーションズカンパニー / Current fiscal year ¥3,840 million / Previous period ¥3,266 million / yoy_pct Not disclosed, Segment インフラソリューションズカンパニー / Current fiscal year ¥2,425 million / Previous period ¥1,800 million / yoy_pct Not disclosed, Segment コマツ栃木 / Current fiscal year ¥655 million / Previous period ¥673 million / yoy_pct Not disclosed, Segment Other / Current fiscal year ¥346 million / Previous period ¥412 million / yoy_pct Not disclosed |
| Regional sales | Region Northern Kanto area / Current fiscal year ¥71,869 million / Previous period ¥67,559 million / yoy_pct Not disclosed, Region Tokyo metropolitan area / Current fiscal year ¥26,853 million / Previous period ¥22,588 million / yoy_pct Not disclosed, Region Tohoku area / Current fiscal year ¥4,549 million / Previous period ¥3,639 million / yoy_pct Not disclosed, Region Other / Current fiscal year ¥2,584 million / Previous period ¥2,312 million / yoy_pct Not disclosed |
| Depreciation and amortization | ¥736 million |
| Impairment loss | Not applicable. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on receipt of government subsidies and other grants ¥148 million, Gain on sale of non-current assets ¥284 million, Gain on sale of investment securities ¥198 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥12 million, Loss on reduction of fixed assets ¥148 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 | 0 additions (company name: —), 0 exclusions (company name: —) |
| Material subsequent events | The company has entered into an absorption-type company split agreement, effective 1 October 2026, and plans to transition to a holding company structure. The company name will be changed to 「藤井産業ホールディングス株式会社」 and certain provisions of the Articles of Incorporation will be amended. The transaction is subject to approval at the Annual General Meeting of Shareholders. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 10,010,000 shares |
| Treasury Shares at Period-End | 1,553,436 shares |
| Factors Behind Changes in Business Performance | Revenue increased at the Materials Innovations Company and Infrastructure Solutions Company due to the conversion to LED lighting fixtures, renovations to high-voltage power receiving equipment, increased cable orders and higher cable prices, construction materials work, large-scale information solutions projects, medical equipment, semiconductor and logistics-related products, and environmental improvement projects. By contrast, revenue declined at コマツ栃木 because of lower sales of new and used vehicles, while revenue in Other declined due to the sale of power generation equipment and the effects of weather and sluggish orders. |
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyOrders received and order backlog
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 explained that the increase in revenue was driven by the conversion to LED lighting fixtures, renovations to high-voltage power receiving equipment, increased cable orders and higher cable prices, exterior wall and roofing work, large-scale security equipment projects, medical equipment, semiconductor and logistics-related products, and environmental improvement projects. Going forward, the company plans to improve operational efficiency through AI and digital technologies, invest for growth, and pursue initiatives in the solutions and energy-related businesses. No specific reason was provided for the forecast decline in operating income for the fiscal year ending March 2027.
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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