Kanematsu Corporation TSE:8020
Kanematsu : Supplementary Material of Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (IFRS) TSE
Source: MarketScreener
Supplementary Material
Fourth Quarter Results for FY2026
Disclaimer:
The forward-looking statements, including results forecasts, provided in this document are based on information obtained by Kanematsu Corporation (the Company) and certain reasonable assumptions made by the Company. The Company does not guarantee their achievement, and actual results may differ from forecasts due to various factors. This information is subject to change without prior notice, and users are advised to utilize this document alongside information acquired through other sources and exercise their own discretion. The Company bears no liability or responsibility for any loss or damage resulting from the use of this material Additionally, as the figures presented are rounded off to the nearest 1 billion yen, the total may not precisely match the sum of each item.
Net profit1) reached a record-high ¥32.5 billion, exceeding the ¥30.0 billion forecast.
Annual DPS planned at ¥63, an increase of ¥3 from the previous forecast.
Net profit for FY2027 is expected to be ¥35.0 billion, in line with the MTP final-year target.
Earnings Results
Forecast
(Unit: JPY Bn) | FY2025 | FY2026 | YoY | Growth |
Revenue | 1,050.9 | 1,067.7 | +16.7 | +2% |
Operating profit | 42.1 | 48.7 | +6.6 | +16% |
Net profit | 27.5 | 32.5 | +5.1 | +18% |
Operating cash flows (adjusted)2) | 40.6 | 36.2 | (4.3) | |
CF from investing activities | 1.4 | (11.9) | (13.3) | |
Mar 31, 2025 | Mar 31, 2026 | YoY | ||
Net D/E ratio3) | 0.69x | 0.45x | (0.24x) | |
Equity ratio4) | 25.2% | 28.4% | +3.2% | |
(Unit: JPY Bn) | FY2026 (forecast) | FY2026 (actual) | FY2027 (forecast) | YoY |
Revenue | 1,100.0 | 1,067.7 | 1,100.0 | +32.3 |
Operating profit | 50.0 | 48.7 | 54.0 | +5.3 |
Net profit | 30.0 | 32.5 | 35.0 | +2.5 |
Dividend per share (Post-split basis) | (Announced in November) 60 Yen | 63 Yen | 70 Yen | +7 Yen |
Dividend payout ratio | 33.4% | 32.2% | 33.3% | |
Net profit = Profit attributable to owners of the parent
Operating cash flows (adjusted) ＝ Operating cash flows ± Change in working capital - Repayment of lease liabilities
Net D/E Ratio ＝ Net interest-bearing debt ÷ total equity attributable to owners of the parent
Equity ratio ＝ Shareholders' equity ÷ total assets
Earnings Summary
Revenue 1,050.9
1,067.7 +16.7
+2%
Earnings Results Forecast
FY2026
FY2027
(Unit: JPY Bn)
FY2025
FY2026
YoY
Growth
(Unit: JPY Bn)
(actual)
(forecast)
YoY
Gross profit
155.0
168.9
+13.9
+9%
Selling, general and administrative expenses
(115.1)
(123.1)
(8.0)
-
Other income (expenses)
2.2
2.8
+0.7
+31%
Revenue
Increased by ¥16.7 billion, driven mainly by the ICT Solution and Electronics & Devices segment.
Revenue | 1,067.7 | 1,100.0 | +32.3 |
Operating profit | 48.7 | 54.0 | +5.3 |
Profit before tax | 47.2 | 50.0 | +2.8 |
Profit attributable to owners of the parent | 32.5 | 35.0 | +2.5 |
Operating profit
Increased by ¥6.6 billion, as growth in gross profit more than offset higher SG&A expenses.
Operating profit | 42.1 | 48.7 | +6.6 | +16% | |
Interest income | |||||
(expenses) | (4.9) | (4.2) | +0.7 | - | |
Dividend income | 1.2 | 1.1 | (0.2) | (15%) | |
Other finance income | |||||
(costs) | (0.2) | 0.1 | +0.3 | - | |
Profit attributable to owners of the parent
32.5
35.0
27.5
23.2
Profit before tax
Increased by ¥8.9 billion, reflecting higher operating profit and an improvement in share of profit or loss of investments accounted for using the equity method.
(Unit: JPY Bn)
Finance income (costs) (3.9) (3.1) +0.8 -
Share of profit (loss) of
investments accounted for
using the equity method
0.1 1.6 +1.5 -
Profit before tax 38.2 | 47.2 +8.9 | +23% |
Income tax expense | (11.8) | (13.9) | (2.1) | - |
Profit for the period | 26.4 | 33.3 | +6.8 | +26% |
Profit attributable to owners of the parent
Achieved a record-high profit of
¥32.5 billion.
See page 4 for more details.
Profit attributable to owners of the parent 27.5 | 32.5 +5.1 | +18% |
FY2024 FY2025 FY2026 FY2027
(forecast)
Profit and Loss
FY2025 | ICT Solution | Electronics | Foods, Meat | Steel, Materials | Motor Vehicles | Other | FY2026 |
& Devices | & Grain | & Plant | & Aerospace |
Net profit = Profit attributable to owners of the parent
(Unit: JPY Bn)
(Unit: JPY Bn)
ICT Solution
FY2025
FY2026
110.8
YoY
+11.2
Growth
+11%
FY2027
Forecast
115.0
YoY
+4.2
Revenue
99.5
Operating Profit
14.7
15.2
+0.5
+3%
16.3
+1.0
Net Profit1)
10.0
10.3
+0.3
+3%
11.0
+0.7
Electronics & Devices
Revenue
271.4
306.9
+35.5
+13%
310.0
+3.1
Operating profit
11.4
16.1
+4.7
+42%
16.9
+0.9
Net profit
7.0
10.9
+3.9
+55%
11.4
+0.5
Foods, Meat & Grain
Revenue
357.5
358.9
+1.3
+0%
360.0
+1.1
Operating profit
7.8
8.8
+1.0
+13%
8.9
+0.1
Net profit
3.1
5.4
+2.3
+75%
5.4
+0.0
Steel, Materials & Plant
Revenue
198.4
169.4
(29.0)
(15%)
180.0
+10.6
Operating profit
3.5
3.5
(0.0)
(0%)
5.7
+2.3
Net profit
4.0
2.5
(1.5)
(37%)
3.2
+0.7
Motor Vehicles & Aerospace
Revenue
121.9
119.8
(2.1)
(2%)
130.0
+10.2
Operating profit
4.8
5.3
+0.5
+11%
6.2
+0.9
Net profit
3.2
3.5
+0.4
+11%
4.1
+0.6
Other (Including adjustment)
Revenue
2.2
1.9
(0.3)
-
5.0
+3.1
Operating profit
(0.2)
(0.3)
(0.2)
-
0.0
+0.2
Net profit
0.2
(0.2)
(0.4)
-
(0.1)
+0.1
Total
Revenue
1,050.9
1,067.7
+16.7
+2%
1,100.0
+32.3
Operating profit
42.1
48.7
+6.6
+16%
54.0
+5.3
Net profit
27.5
32.5
+5.1
+18%
35.0
+2.5
(Unit: JPY Bn)
Revenue
+11.2
(29.0)
1,050.9
(2.1)
1,067.7
(0.3)
+35.5 +1.3
+0.5
48.7
+4.7
+1.0
(0.0)
(0.2)
42.1
+0.5
FY2025
ICT Solution
Electronics
Foods, Meat
Steel, Materials
Motor Vehicles
Other
FY2026
& Devices
& Grain
& Plant
& Aerospace
Operating profit
Segment Information
Net Profit Breakdown
Profit Attributable to Owners of the Parent
ICT Solution ■ Electronics & Devices
Foods, Meat & Grain ■ Steel, Materials & Plant
Motor Vehicles & Aerospace ■ Other (Including adjustment)
3.5
2.5
5.4
10.9
10.3
(Unit: JPY Bn)
Primary factors contributing to the year-on-year changes
ICT Solution Increased by ¥0.3 billionStrong sales of storage systems and servers to manufacturers in the defense and semiconductor
industries, robust network demand in the distribution sector, and increased demand for services and security solutions contributed to profit growth.
-
Electronic devices & Materials: Profit increased due to the effects of M&A and the absence of
goodwill impairment losses, which were recorded in the previous fiscal year.
- Mobile: In addition to the increase in sales volume resulting from expanded sales channels, the growth in the corporate-client business contributed to higher profits.
4.0
3.1
7.0
10.0
0.2
+3.9 +2.3 △1.53.2
FY2025 FY2026
(0.2)
- Foods: Profit increased primarily due to strong performance in beverage ingredients.
- Meat Products: Amid a shift in demand from beef and pork to chicken, chicken trading performed well. An improvement in share of profit or loss of investments accounted for using the equity method also contributed higher profits.
- Grain, Oilseeds & Feedstuff: Profit increased primarily due to strong performance in imported rice and soybeans.
-
Steel: Profit increased primarily due to gains associated with the divestment of a domestic steel
subsidiary and the absence of goodwill impairment losses recorded in the previous fiscal year.
- Energy: Profit decreased due to the valuation losses and other items related to futures transactions amid a surge in crude oil prices.
- Plant: Profit decreased due to fewer ODA projects compared with the previous year.
- Machine Tools & Industrial Machinery: Profit increased due to higher demand toward the end of the
fiscal year, mainly in defense- and semiconductor-related fields.
Motor Vehicles & Aerospace Increased by ¥0.4 billion© KANEMATSU CORPORATION. All Rights Reserved.