Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
November 10, 2025
Consolidated Financial Results for the Six Months Ended September 30, 2025 (Under Japanese GAAP)
Company name: Neturen Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 5976
URL: https://www.k-neturen.co.jp/
Representative: Katsumi Omiya , Representative Director, Member of the Board and President Inquiries: Hideaki Shinohara , General Manager, Accounting Department, Administrative Headquarters Telephone: +81-3-3443-5441
Scheduled date to file semi-annual securities report: November 12, 2025 Scheduled date to commence dividend payments: December 8, 2025 Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended
September 30, 2025
September 30, 2024
Millions of yen
26,374
29,002
%
(9.1)
2.5
Millions of yen
512
854
%
(40.1)
23.8
Millions of yen
880
1,154
%
(23.8)
(2.3)
Millions of yen
462
615
%
(24.8)
(9.4)
Note: Comprehensive income
For the six months ended September 30, 2025:
¥
(13) million
[
－%]
For the six months ended September 30, 2024:
¥
3,403 million
[
17.5%]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
September 30, 2025
13.61
-
September 30, 2024
17.18
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
September 30, 2025
March 31, 2025
Millions of yen
82,802
83,760
Millions of yen
64,195
66,329
%
70.0
71.1
Reference: Equity
As of September 30, 2025:
¥
57,932 million
As of March 31, 2025:
¥
59,540 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended March 31, 2025
-
25.00
-
26.00
51.00
Fiscal year ending March 31, 2026
-
33.00
Fiscal year ending March 31, 2026
(Forecast)
-
34.00
67.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen 58,000 | % 0.8 | Millions of yen 1,600 | % (1.1) | Millions of yen 2,100 | % (9.5) | Millions of yen 1,300 | % (28.4) | Yen 37.91 |
Note: Revisions to the financial result forecast most recently announced: | None | |
* Notes | ||
(1) Significant changes in the scope of consolidation during the period: | Yes | |
Newly included: １ companies( Dohken Co., Ltd. Excluded: - companies( | ) ) |
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: Yes
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2025
34,495,400 shares
As of March 31, 2025
34,495,400 shares
Number of treasury shares at the end of the period
As of September 30, 2025
985,400 shares
As of March 31, 2025
202,180 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2025 | 33,989,605 shares |
Six months ended September 30, 2024 | 35,793,828 shares |
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters (Notes on forward-looking statements, etc.)
The forward-looking statements contained in this document are based on judgments made in accordance with information available at the time of the release of this document and include many uncertain factors. Actual results may differ from these forecasts due to changes in business conditions and other factors.
For the assumptions used for the financial results forecast as well as precautions regarding the use of such forecast, please refer to "1. Qualitative Information on Quarterly Financial Results (3) Explanation Regarding Consolidated Financial Results Forecast and Other Forward-looking Information" on page 3 of the Attachments (Japanese version only).
(Access to the materials for the quarterly financial results briefing for the second quarter) The financial results briefing for the second quarter (for institutional investors and analysts) is scheduled for November 26, 2025. Supplementary materials for the quarterly financial results (materials for the quarterly financial results briefing for the six months ended September 30, 2025) will be disclosed via TDnet and on the Company's website.
Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet
(Millions of yen)
As of March 31, 2025
As of September 30, 2025
Assets
Current assets
Cash and deposits 19,143 15,433
Notes and accounts receivable - trade, and contract assets | 11,640 | 11,592 |
Electronically recorded monetary claims -operating | 3,605 | 3,655 |
Securities | 269 | 266 |
Merchandise and finished goods | 1,541 | 1,251 |
Work in process | 1,967 | 2,975 |
Raw materials and supplies | 3,623 | 3,546 |
Other | 3,227 | 1,755 |
Allowance for doubtful accounts | (234) | (193) |
Total current assets | 44,785 | 40,283 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 8,034 | 8,690 |
Machinery, equipment and vehicles, net | 5,879 | 5,744 |
Land | 9,909 | 10,126 |
Construction in progress | 1,783 | 2,529 |
Other, net | 690 | 689 |
Total property, plant and equipment | 26,297 | 27,780 |
Intangible assets | ||
Leasehold interests in land | 982 | 902 |
Goodwill | - | 1,284 |
Other | 85 | 108 |
Total intangible assets | 1,067 | 2,296 |
Investments and other assets | ||
Investment securities | 9,857 | 11,131 |
Long-term loans receivable | 20 | 23 |
Retirement benefit asset | 244 | 242 |
Other | 1,564 | 1,122 |
Allowance for doubtful accounts | (77) | (77) |
Total investments and other assets | 11,610 | 12,442 |
Total non-current assets | 38,975 | 42,518 |
Total assets | 83,760 | 82,802 |
(Millions of yen)
As of March 31, 2025
As of September 30, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade | 3,337 | 4,243 |
Electronically recorded obligations - operating | 2,125 | 1,922 |
Short-term borrowings | 1,947 | 2,149 |
Income taxes payable | 389 | 274 |
Provision for bonuses | 646 | 728 |
Provision for bonuses for directors (and other officers) | 17 | 14 |
Provision for share awards for directors (and other officers) | 7 | 8 |
Other | 2,734 | 3,020 |
Total current liabilities | 11,205 | 12,362 |
Non-current liabilities
Long-term borrowings 4,846 4,410
Provision for share awards for directors (and other officers) | 8 | 9 |
Retirement benefit liability | 80 | 124 |
Other | 1,290 | 1,699 |
Total non-current liabilities | 6,225 | 6,244 |
Total liabilities | 17,431 | 18,607 |
Net assets | ||
Shareholders' equity | ||
Share capital | 6,418 | 6,418 |
Capital surplus | 1,714 | 1,714 |
Retained earnings | 43,850 | 43,421 |
Treasury shares | (197) | (1,100) |
Total shareholders' equity | 51,785 | 50,453 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,528 | 3,399 |
Foreign currency translation adjustment | 4,815 | 3,686 |
Remeasurements of defined benefit plans | 411 | 393 |
Total accumulated other comprehensive income | 7,755 | 7,478 |
Non-controlling interests | 6,788 | 6,263 |
Total net assets | 66,329 | 64,195 |
Total liabilities and net assets | 83,760 | 82,802 |
Semi-annual Consolidated Statements of Income and Comprehensive Income
Share of profit of entities accounted for using equity method
63
110
Comprehensive income attributable to non-controlling interests
754
(198)
For the six months ended September 30, 2024
(Millions of yen)
For the six months ended September 30, 2025
Net sales 29,002 26,374
Cost of sales 23,813 21,458
Gross profit 5,189 4,916
Selling, general and administrative expenses 4,334 4,404
Operating profit 854 512
Interest income 44 74
Non-operating income
Dividend income 128 135
Other 46 55
Gain on sale of scraps 74 71
Non-operating expenses
Total non-operating income 357 448
Foreign exchange losses 25 23
Interest expenses 23 47
Other 7 9
Loss on sale of securities - 0
Ordinary profit 1,154 880
Total non-operating expenses 57 80
Gain on sale of non-current assets 10 4
Extraordinary income
Subsidy income 9 2
Insurance claim income 12 -
Total extraordinary income 33 6
Other 1 -
Loss on sale of non-current assets 0 0
Extraordinary losses
Total extraordinary losses 7 25
Loss on retirement of non-current assets 7 25
Income taxes 348 224
Profit before income taxes 1,180 860
Profit attributable to
Profit 832 636
Profit attributable to non-controlling interests 217 173
Profit attributable to owners of parent 615 462
Valuation difference on available-for-sale securities (69) 878
Other comprehensive income
Remeasurements of defined benefit plans, net of tax (19) (18)
Foreign currency translation adjustment 2,289 (1,381)
Total other comprehensive income 2,571 (649)
Share of other comprehensive income of entities accounted for using equity method
370 (127)
Comprehensive income attributable to
Comprehensive income 3,403 (13)
Comprehensive income attributable to owners of parent
2,649 184