Komori
Results9929HEIWA PAPER CO.,LTD.Trading & Wholesale

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, revenue increased 3.9% year on year, and the operating result turned from a loss into a profit. Ordinary profit and interim net income attributable to owners of the parent also exceeded the year-earlier period, while the full-year earnings forecast and annual dividend forecast remain unchanged.

Worth reading
39Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
122.1
% (year-on-year change in ordinary profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales7,867Millions of yenYear on year +3.9%Progress 48.0%
Operating profit30Millions of yenProgress 19.1%
Ordinary income80Millions of yenYear on year +122.1%Progress 36.0%
Net income attributable to owners of the parent40Millions of yenProgress 25.8%

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¥4.35
Financial position at period-end
Total assets17,943Millions of yen
of which net assets 10,720 Millions of yenEquity ratio 59.7%vs. prior year-end +2.1pt

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.

Segment revenue8,157 Millions of yen (YoY +3.6%), 28 Millions of yen (YoY +103.6%)
Segment profit24 Millions of yen, 4 Millions of yen (YoY +6.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales16,400 Millions of yen (YoY +3.8%)
Operating profit157 Millions of yen (YoY +57.9%)
Ordinary income222 Millions of yen (YoY +51.9%)
Net income155 Millions of yen (YoY +97.1%)
Revision to Earnings ForecastNone
Annual Dividend Forecast12 Yen → 12 Yen(0.0%)
Factors Behind Changes in Business Performance

Strengthened development, proposals and sales of high-value-added specialty paper, expanded market share, developed sustainable products, and cultivated new demand. Technical and functional paper, premium packaging applications, and overseas sales remained firm, while demand gradually recovered across Asia.

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 consolidationNew 0 / Excluded 0 / Company name Not applicable
Impairment lossNot applicable
Breakdown of extraordinary income (loss)Loss on disposal and sale of non-current assets ¥452 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End10,116,917 Shares
Treasury Shares at Period-End865,895 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales7,867 Millions of yen (YoY +3.9%)
Operating profit30 Millions of yen
Ordinary income80 Millions of yen (YoY +122.1%)
Profit attributable to owners of the parent40 Millions of yen
Net income per share¥4.35
Equity ratioEnd of the current fiscal period 59.7 / End of previous period 57.6
Total assets17,943 Millions of yen
Net assets10,720 Millions of yen
Full-year earnings forecastNet Sales 16,400 Millions of yen (YoY +3.8%) / Operating profit 157 Millions of yen (YoY +57.9%) / Ordinary income 222 Millions of yen (YoY +51.9%) / Net income 155 Millions of yen (YoY +97.1%)
Revision to Earnings ForecastNone
Annual Dividend Forecast12 Yen → 12 Yen(0.0%)
Segment revenue8,157 Millions of yen (YoY +3.6%), 28 Millions of yen (YoY +103.6%)
Segment profit24 Millions of yen, 4 Millions of yen (YoY +6.6%)
Impairment lossNot applicable
Breakdown of extraordinary income (loss)Loss on disposal and sale of non-current assets ¥452 thousand
Disclosure regarding the going concern assumptionNot applicable
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 consolidationNew 0 / Excluded 0 / Company name Not applicable
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End10,116,917 Shares
Treasury Shares at Period-End865,895 Shares
Factors Behind Changes in Business PerformanceStrengthened development, proposals and sales of high-value-added specialty paper, expanded market share, developed sustainable products, and cultivated new demand. Technical and functional paper, premium packaging applications, and overseas sales remained firm, while demand gradually recovered across Asia.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationMaterial 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.

The company strengthened the development, proposal and sales of high-value-added specialty paper and sought to expand its market share, while also working to develop sustainable products and cultivate new demand. Technical and functional paper, premium packaging applications, and overseas sales remained firm, while demand in Asia gradually recovered after declining under the impact of U.S. reciprocal tariffs.

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 (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | HEIWA PAPER CO.,LTD. (9929) timely disclosure | Komori