DISCLAIMER: This document has been translated from a part of 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.
May 11, 2026
Company name: TAMURA CORPORATION Listing: Tokyo Stock Exchange
Securities code: 6768
URL: https:// https://www.tamuracorp.com/global/
Representative: Mitsutaka Nakamura, Representative Director& President
Inquiries: Mitsuaki Oishi, VP& Director of Corporate Management Division Telephone: +81-50-3664-0515
Scheduled date of annual general meeting of shareholders: June 25, 2026 Scheduled date to commence dividend payments: June 11, 2026
Scheduled date to file annual securities report: June 24, 2026
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for analysts and institutional investors)
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
-
Consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Fiscal year ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2026
123,559
8.3
5,287
1.8
4,879
(3.6)
(1,385)
-
March 31, 2025
114,051
7.0
5,195
5.2
5,061
2.1
2,782
24.2
Note: Comprehensive income For the fiscal year ended March 31, 2026:
¥1,086 million
[(83.7)%]
For the fiscal year ended March 31, 2025:
¥6,648 million
[16.7%]
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary profit to total assets
Ratio of operating profit to net sales
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2026
(17.29)
-
(2.2)
3.8
4.3
March 31, 2025
34.03
33.86
4.6
4.2
4.6
Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2026: ¥129 million
For the fiscal year ended March 31, 2025: ¥508 million
Adjusted net income per share for the fiscal year ending March 31, 2026 is not shown because it is a net loss per share, although there are potential shares.
-
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
March 31, 2026
132,381
62,897
47.4
788.56
March 31, 2025
124,348
64,034
51.3
780.03
Reference: Equity
As of March 31, 2026: ¥62,751 million
As of March 31, 2025: ¥63,808 million
- Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Fiscal year ended
Millions of yen
Millions of yen
Millions of yen
Millions of yen
March 31, 2026
3,320
(5,271)
316
18,096
March 31, 2025
9,082
(3,900)
(3,640)
19,479
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
Total cash dividends (Total)
Payout ratio (Consolidated)
Ratio of dividends to net assets (Consolidated)
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Millions of yen
%
%
Fiscal year ended
March 31, 2025
-
5.00
-
8.00
13.00
1,069
38.2
1.8
Fiscal year ended March 31, 2026
-
5.00
-
8.00
13.00
1,044
-
1.7
Fiscal year ending March 31, 2027 (Forecast)
8.00
8.00
16.00
28.3
- Forecast of consolidated financial results for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending March 31, 2027 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
130,000 | 5.2 | 5,600 | 5.9 | 4,900 | 0.4 | 4,500 | - | 56.55 | |
Significant changes in the scope of consolidation during the period: None
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 March 31, 2026
82,771,473 shares
As of March 31, 2025
82,771,473 shares
Number of treasury shares at the end of the period
As of March 31, 2026
3,194,407 shares
As of March 31, 2025
968,700 shares
Average number of shares outstanding during the period
Fiscal year ended March 31, 2026 | 80,149,742 shares |
Fiscal year ended March 31, 2025 | 81,765,813 shares |
-
Non-consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit
Fiscal year ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2026
54,551
13.2
(321)
-
1,912
(3.9)
(1,126)
-
March 31, 2025
48,197
4.9
(184)
-
1,989
(0.1)
(215)
-
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
March 31, 2026
(14.05)
-
March 31, 2025
(2.63)
-
Adjusted net income per share for the fiscal years ending March 31, 2026 and March 31, 2025 is not shown because it is a net loss per share, although there are potential shares.
- Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of | Millions of yen | Millions of yen | % | Yen |
March 31, 2026 | 74,851 | 35,607 | 47.5 | 446.55 |
March 31, 2025 | 65,402 | 38,140 | 58.1 | 464.69 |
Reference: Equity
As of March 31, 2026: ¥35,535 million
As of March 31, 2025: ¥38,013 million
Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual results may vary due to various factors. For the assumptions for earnings forecasts and other related matters, please refer to "1. Summary of Operating Results (4) Future Outlook" in this section.
(Method of accessing supplementary material on financial results)
The Company plans to hold a briefing for analysts and institutional investors on Wednesday, May 13, 2026. The financial results briefing materials to be used on the day of the event will be disclosed on TDnet and the Company's website on the day of the event.
Consolidated balance sheet(Millions of yen)
As of March 31, 2025 | As of March 31, 2026 | |
Assets | ||
Current assets | ||
Cash and deposits | 20,295 | 18,953 |
Notes receivable - trade | 1,157 | 2,218 |
Accounts receivable - trade | 28,248 | 30,271 |
Electronically recorded monetary claims - operating | 731 | 1,023 |
Merchandise and finished goods | 8,997 | 9,639 |
Work in process | 3,129 | 3,823 |
Raw materials and supplies | 12,269 | 12,341 |
Other | 3,839 | 6,857 |
Allowance for doubtful accounts | (61) | (90) |
Total current assets | 78,607 | 85,038 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 26,109 | 29,369 |
Accumulated depreciation | (14,288) | (14,328) |
Buildings and structures, net | 11,821 | 15,040 |
Machinery, equipment and vehicles | 21,684 | 22,403 |
Accumulated depreciation | (16,490) | (17,251) |
Machinery, equipment and vehicles, net | 5,193 | 5,151 |
Tools, furniture and fixtures | 11,670 | 12,146 |
Accumulated depreciation | (9,566) | (10,113) |
Tools, furniture and fixtures, net | 2,103 | 2,032 |
Land | 5,346 | 5,335 |
Leased assets | 8,531 | 9,242 |
Accumulated depreciation | (3,297) | (3,987) |
Leased assets, net | 5,234 | 5,254 |
Construction in progress | 1,340 | 974 |
Total property, plant and equipment | 31,039 | 33,789 |
Intangible assets | ||
Goodwill | 160 | 119 |
Leased assets | 231 | 186 |
Other | 718 | 713 |
Total intangible assets | 1,110 | 1,019 |
Investments and other assets | ||
Investment securities | 6,922 | 4,915 |
Retirement benefit asset | 4,832 | 5,791 |
Deferred tax assets | 839 | 938 |
Other | 1,071 | 965 |
Allowance for doubtful accounts | (76) | (76) |
Total investments and other assets | 13,590 | 12,534 |
Total non-current assets | 45,740 | 47,343 |
Total assets | 124,348 | 132,381 |
(Millions of yen)
As of March 31, 2025 | As of March 31, 2026 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 11,854 | 13,705 |
Electronically recorded obligations - operating | 3,015 | 3,269 |
Short-term borrowings | 16,919 | 19,083 |
Current portion of long-term borrowings | 4,549 | 4,848 |
Lease liabilities | 1,057 | 1,074 |
Income taxes payable | 806 | 747 |
Contract liabilities | 179 | 124 |
Provision for bonuses | 1,424 | 1,172 |
Provision for bonuses for directors (and other officers) | 64 | 49 |
Provision for loss on business liquidation | 470 | 1,390 |
Other | 3,697 | 4,934 |
Total current liabilities | 44,037 | 50,400 |
Non-current liabilities | ||
Long-term borrowings | 7,184 | 9,039 |
Lease liabilities | 4,238 | 4,438 |
Deferred tax liabilities | 1,984 | 3,263 |
Retirement benefit liability | 2,167 | 1,689 |
Provision for share awards | 54 | 39 |
Provision for share awards for directors (and other officers) | 16 | 22 |
Long-term income taxes payable | 15 | 52 |
Other | 614 | 539 |
Total non-current liabilities | 16,276 | 19,084 |
Total liabilities | 60,314 | 69,484 |
Net assets | ||
Shareholders' equity | ||
Share capital | 11,829 | 11,829 |
Capital surplus | 17,028 | 17,028 |
Retained earnings | 23,283 | 20,816 |
Treasury shares | (523) | (1,609) |
Total shareholders' equity | 51,618 | 48,064 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,133 | 1,974 |
Foreign currency translation adjustment | 8,782 | 9,625 |
Remeasurements of defined benefit plans | 2,275 | 3,086 |
Total accumulated other comprehensive income | 12,190 | 14,686 |
Share acquisition rights | 127 | 72 |
Non-controlling interests | 97 | 74 |
Total net assets | 64,034 | 62,897 |
Total liabilities and net assets | 124,348 | 132,381 |
(Millions of yen)
Fiscal year ended March 31, 2025 | Fiscal year ended March 31, 2026 | |
Net sales | 114,051 | 123,559 |
Cost of sales | 83,738 | 92,749 |
Gross profit | 30,313 | 30,810 |
Selling, general and administrative expenses | 25,117 | 25,522 |
Operating profit | 5,195 | 5,287 |
Non-operating income | ||
Interest income | 127 | 158 |
Dividend income | 98 | 115 |
Share of profit of entities accounted for using equity method | 508 | 129 |
Gain on sale of scraps | 52 | 130 |
Compensation income | 114 | 53 |
Settlement income | - | 128 |
Other | 196 | 234 |
Total non-operating income | 1,097 | 950 |
Non-operating expenses | ||
Interest expenses | 1,007 | 959 |
Foreign exchange losses | 60 | 83 |
Other | 164 | 316 |
Total non-operating expenses | 1,232 | 1,358 |
Ordinary profit | 5,061 | 4,879 |
Extraordinary income | ||
Gain on sale of non-current assets | 4 | 111 |
Gain on sale of investment securities | 113 | 4 |
Gain on reversal of foreign currency translation adjustment | 23 | - |
Total extraordinary income | 140 | 116 |
Extraordinary losses | ||
Loss on sale and retirement of non-current assets | 51 | 124 |
Loss on sale of investment securities | 0 | 2 |
Impairment losses | 33 | - |
Loss on valuation of shares of subsidiaries and associates | 823 | 238 |
Loss on liquidation of subsidiaries and associates | - | 1,145 |
Provision for loss on business liquidation | 470 | 1,390 |
Extra retirement payments | - | 760 |
Total extraordinary losses | 1,378 | 3,662 |
Profit before income taxes | 3,823 | 1,332 |
Income taxes - current | 1,607 | 2,164 |
Income taxes - deferred | (552) | 578 |
Total income taxes | 1,055 | 2,742 |
Profit (loss) | 2,768 | (1,409) |
Loss attributable to non-controlling interests | (14) | (23) |
Profit (loss) attributable to owners of parent | 2,782 | (1,385) |
(Millions of yen)
Fiscal year ended March 31, 2025 | Fiscal year ended March 31, 2026 | |
Profit (loss) | 2,768 | (1,409) |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (58) | 841 |
Foreign currency translation adjustment | 2,783 | 1,572 |
Remeasurements of defined benefit plans, net of tax | 1,011 | 811 |
Share of other comprehensive income of entities accounted for using equity method | 142 | (728) |
Total other comprehensive income | 3,879 | 2,496 |
Comprehensive income | 6,648 | 1,086 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 6,665 | 1,109 |
Comprehensive income attributable to non-controlling interests | (16) | (23) |
(Millions of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 11,829 | 17,032 | 20,745 | (543) | 49,064 |
Changes during period | |||||
Dividends of surplus | (822) | (822) | |||
Loss attributable to owners of parent | 2,782 | 2,782 | |||
Purchase of treasury shares | (0) | (0) | |||
Disposal of treasury shares | (4) | (1) | 20 | 14 | |
Change in scope of equity method | 579 | 579 | |||
Net changes in items other than shareholders' equity | |||||
Total changes during period | - | (4) | 2,537 | 19 | 2,553 |
Balance at end of period | 11,829 | 17,028 | 23,283 | (523) | 51,618 |
Accumulated other comprehensive income | Share acquisition rights | Non-controlling interests | Total net assets | ||||
Valuation difference on available-for-sale securities | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | ||||
Balance at beginning of period | 1,191 | 6,020 | 1,263 | 8,475 | 141 | 114 | 57,796 |
Changes during period | |||||||
Dividends of surplus | (822) | ||||||
Loss attributable to owners of parent | 2,782 | ||||||
Purchase of treasury shares | (0) | ||||||
Disposal of treasury shares | 14 | ||||||
Change in scope of equity method | 579 | ||||||
Net changes in items other than shareholders' equity | (58) | 2,762 | 1,011 | 3,715 | (14) | (16) | 3,684 |
Total changes during period | (58) | 2,762 | 1,011 | 3,715 | (14) | (16) | 6,237 |
Balance at end of period | 1,133 | 8,782 | 2,275 | 12,190 | 127 | 97 | 64,034 |
(Millions of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 11,829 | 17,028 | 23,283 | (523) | 51,618 |
Changes during period | |||||
Dividends of surplus | (1,060) | (1,060) | |||
Loss attributable to owners of parent | (1,385) | (1,385) | |||
Purchase of treasury shares | (1,177) | (1,177) | |||
Disposal of treasury shares | (21) | 91 | 70 | ||
Change in scope of equity method | |||||
Net changes in items other than shareholders' equity | |||||
Total changes during period | - | - | (2,466) | (1,086) | (3,553) |
Balance at end of period | 11,829 | 17,028 | 20,816 | (1,609) | 48,064 |
Accumulated other comprehensive income | Share acquisition rights | Non-controlling interests | Total net assets | ||||
Valuation difference on available-for-sale securities | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | ||||
Balance at beginning of period | 1,133 | 8,782 | 2,275 | 12,190 | 127 | 97 | 64,034 |
Changes during period | |||||||
Dividends of surplus | (1,060) | ||||||
Loss attributable to owners of parent | (1,385) | ||||||
Purchase of treasury shares | (1,177) | ||||||
Disposal of treasury shares | 70 | ||||||
Change in scope of equity method | |||||||
Net changes in items other than shareholders' equity | 841 | 842 | 811 | 2,495 | (55) | (23) | 2,416 |
Total changes during period | 841 | 842 | 811 | 2,495 | (55) | (23) | (1,136) |
Balance at end of period | 1,974 | 9,625 | 3,086 | 14,686 | 72 | 74 | 62,897 |
(Millions of yen)
Fiscal year ended March 31, 2025 | Fiscal year ended March 31, 2026 | |
Cash flows from operating activities | ||
Profit before income taxes | 3,823 | 1,332 |
Depreciation | 4,289 | 4,395 |
Impairment losses | 33 | - |
Increase (decrease) in provision for bonuses | 189 | (251) |
Increase (decrease) in provision for bonuses for directors (and other officers) | 25 | (14) |
Increase (decrease) in provision for share awards | 33 | (15) |
Increase (decrease) in provision for share awards for directors (and other officers) | 9 | 5 |
Increase (decrease) in provision for loss on business liquidation | 470 | 920 |
Increase (decrease) in allowance for doubtful accounts | 23 | 19 |
Increase (decrease) in retirement benefit liability | (13) | (421) |
Interest and dividend income | (226) | (273) |
Interest expenses | 1,007 | 959 |
Foreign exchange losses (gains) | 152 | 89 |
Share of loss (profit) of entities accounted for using equity method | (508) | (129) |
Loss (gain) on sale of investment securities | (113) | (2) |
Loss (gain) on sale and retirement of non-current assets | 47 | 13 |
Loss on valuation of shares of subsidiaries and associates | 823 | 238 |
Loss on liquidation of subsidiaries and associates | - | 1,145 |
Decrease (increase) in trade receivables | (1,212) | (2,510) |
Decrease (increase) in inventories | 814 | (672) |
Increase (decrease) in trade payables | 1,843 | 1,512 |
Other, net | (648) | (207) |
Subtotal | 10,865 | 6,134 |
Interest and dividends received | 674 | 419 |
Interest paid | (1,041) | (941) |
Income taxes paid | (1,415) | (2,292) |
Net cash provided by (used in) operating activities | 9,082 | 3,320 |
(Millions of yen)
Fiscal year ended March 31, 2025 | Fiscal year ended March 31, 2026 | |
Cash flows from investing activities | ||
Payments into time deposits | (166) | (52) |
Proceeds from withdrawal of time deposits | - | 48 |
Purchase of property, plant and equipment | (3,341) | (5,471) |
Proceeds from sale of property, plant and equipment | 202 | 238 |
Payments for retirement of property, plant and equipment | (4) | (4) |
Purchase of intangible assets | (69) | (102) |
Purchase of investment securities | (214) | (0) |
Proceeds from sale of investment securities | 215 | 45 |
Loan advances | (255) | - |
Proceeds from collection of loans receivable | 11 | - |
Other, net | (277) | 28 |
Net cash provided by (used in) investing activities | (3,900) | (5,271) |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | (421) | 1,815 |
Proceeds from long-term borrowings | - | 7,505 |
Repayments of long-term borrowings | (2,010) | (5,306) |
Repayments of lease liabilities | (996) | (1,498) |
Proceeds from sale and leaseback transactions | 606 | 32 |
Purchase of treasury shares | (0) | (1,177) |
Proceeds from sale of treasury shares | 0 | 0 |
Dividends paid | (818) | (1,054) |
Net cash provided by (used in) financing activities | (3,640) | 316 |
Effect of exchange rate change on cash and cash equivalents | 944 | 252 |
Net increase (decrease) in cash and cash equivalents | 2,486 | (1,382) |
Cash and cash equivalents at beginning of period | 16,992 | 19,479 |
Cash and cash equivalents at end of period | 19,479 | 18,096 |