What stands out
- Most companies in its industry are production businesses; this one is a flow business
At a glance
- Depends onMidstream position: 6 outgoing, 4 incoming connections
- ScaleMarket cap is $221.31M, lower than 95% of all stocks globally
- PositionPrice-to-book is 0.38×, lower than 95% of its Metal Fabrication peers (median 2.76×)
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is a flow business
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
4.87%Below 5Y avg (5.38%)
Annual Rate
JPY 70.00Paid semi-annual
Payout Ratio
73.4%Moderate
Last Ex-Dividend
Sep 29, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
34.80BJPY221.31M · vs all stocks (USD)
Revenue (TTM)
252.49BJPY1.61B · vs all stocks (USD)
Profit Margin
-0.85%vs Metal Fabrication peers
Beta
0.2280xvs all stocks
52-Week Change
0.99%vs all stocks
Forward Annual Dividend Yield
4.87%vs all stocks
Market Capitalization
34.80BJPY221.31M · vs all stocks (USD)
Enterprise Value
88.42BJPY562.24M · vs all stocks (USD)
Price to Sales (TTM)
0.1389xvs Metal Fabrication peers
Price to Book (MRQ)
0.3783xvs Metal Fabrication peers
Enterprise to Revenue
0.3500xvs Metal Fabrication peers
Enterprise to EBITDA
8.85xvs Metal Fabrication peers
Profit Margin
-0.85%vs Metal Fabrication peers
Operating Margin
1.80%vs Metal Fabrication peers
Return on Assets (TTM)
1.44%vs Metal Fabrication peers
Return on Equity (TTM)
-2.10%vs Metal Fabrication peers
Revenue (TTM)
252.49BJPY1.61B · vs all stocks (USD)
Revenue per Share (TTM)
10.26KJPYUpdated Sep 22, 2026Quarterly Revenue Growth
-1.00%vs Metal Fabrication peers
Gross Profit (TTM)
26.83BJPY170.64M · vs all stocks (USD)
EBITDA (TTM)
10.21BJPY64.92M · vs all stocks (USD)
Net Income (TTM)
-2.15BJPY-13.65M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
8.90%vs Metal Fabrication peers
Operating Cash Flow (TTM)
10.45BJPY66.46M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-2.22BJPY-14.10M · vs all stocks (USD)
Forward Annual Dividend Rate
70.00JPYUpdated Sep 22, 2026Forward Annual Dividend Yield
4.87%vs all stocks
Trailing Annual Dividend Rate
69.00JPYUpdated Sep 22, 2026Trailing Annual Dividend Yield
4.80%vs all stocks
5-Year Average Dividend Yield
5.38%vs all stocks
Payout Ratio
73.35%vs Metal Fabrication peers
Minority Interest (Equity)
985.00MJPYFY2026 · Mar 31, 2026Revenue
253.12BJPYFY2026 · Mar 31, 2026Cost of Goods Sold
226.82BJPYFY2026 · Mar 31, 2026Gross Profit
26.30BJPYFY2026 · Mar 31, 2026Operating Income
4.74BJPY30.14M · vs all stocks (USD)
Pre-tax Income
-2.21BJPYFY2026 · Mar 31, 2026Income Tax Expense
-86.00MJPYFY2026 · Mar 31, 2026Net Income
-2.12BJPYFY2026 · Mar 31, 2026EBIT
-1.81BJPYFY2026 · Mar 31, 2026EBITDA (Income Statement)
10.21BJPYFY2026 · Mar 31, 2026Non-operating Interest Income
17.00MJPYFY2026 · Mar 31, 2026Non-operating Interest Expense
396.00MJPYFY2026 · Mar 31, 2026EPS (Basic)
-89.57JPYFY2026 · Mar 31, 2026EPS (Diluted)
-89.57JPYFY2026 · Mar 31, 2026Basic Shares Outstanding
24.77MSharesFY2026 · Mar 31, 2026Diluted Shares Outstanding
24.77MSharesFY2026 · Mar 31, 2026Minority Interests (P&L)
-99.00MJPYFY2026 · Mar 31, 2026Preferred Stock Dividends
0.00JPYFY2026 · Mar 31, 2026Operating Cash Flow
6.28BJPYFY2026 · Mar 31, 2026Free Cash Flow
-757.00MJPYFY2026 · Mar 31, 2026Cash & Cash Equivalents (End of Period)
6.11BJPYFY2026 · Mar 31, 2026Starting Profit (CF Statement)
-2.21BJPYFY2026 · Mar 31, 2026Other Non-cash Items
167.00MJPYFY2026 · Mar 31, 2026Change in Accounts Receivable (CF)
3.65BJPYFY2026 · Mar 31, 2026Change in Other Assets/Liabilities
4.66BJPYFY2026 · Mar 31, 2026Capital Expenditures
-7.03BJPYFY2026 · Mar 31, 2026Net Intangibles (CF)
-920.00MJPYFY2026 · Mar 31, 2026Net Acquisitions
-848.00MJPYFY2026 · Mar 31, 2026Purchase of Investments
-115.00MJPYFY2026 · Mar 31, 2026Sale of Investments
212.00MJPYFY2026 · Mar 31, 2026Other Investing Activity
-3.00MJPYFY2026 · Mar 31, 2026Net Investing Cash Flow
-7.79BJPYFY2026 · Mar 31, 2026Long-term Debt Issuance
0.00JPYFY2026 · Mar 31, 2026Long-term Debt Payments
-1.27BJPYFY2026 · Mar 31, 2026Net Short-term Debt Issuance
4.58BJPYFY2026 · Mar 31, 2026Common Stock Repurchase
-999.00MJPYFY2026 · Mar 31, 2026Common Dividends Paid
-1.72BJPYFY2026 · Mar 31, 2026Other Financing Charges
-3.00MJPYFY2026 · Mar 31, 2026Net Financing Cash Flow
590.00MJPYFY2026 · Mar 31, 2026Shares Outstanding
24.43MSharesUpdated Sep 22, 2026Float Shares
17.94MSharesUpdated Sep 22, 2026% Held by Insiders
26.43%vs all stocks
% Held by Institutions
15.26%vs all stocks
Total Cash (MRQ)
6.74BJPY42.88M · vs all stocks (USD)
Total Cash per Share (MRQ)
276.03JPYUpdated Sep 22, 2026Total Debt (MRQ)
59.08BJPY375.70M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.6305xvs Metal Fabrication peers
Current Ratio (MRQ)
1.32xvs Metal Fabrication peers
Book Value per Share (MRQ)
3.79KJPYUpdated Sep 22, 2026Total Assets
196.11BJPY1.25B · vs all stocks (USD)
Total Current Assets
106.45BJPYFY2026 · Mar 31, 2026Total Liabilities
102.32BJPYFY2026 · Mar 31, 2026Total Non-current Assets
89.66BJPYFY2026 · Mar 31, 2026Total Non-current Liabilities
21.50BJPYFY2026 · Mar 31, 2026Total Current Liabilities
80.81BJPYFY2026 · Mar 31, 2026Cash & Cash Equivalents
6.36BJPYFY2026 · Mar 31, 2026Accounts Receivable
38.73BJPYFY2026 · Mar 31, 2026Inventory
30.19BJPYFY2026 · Mar 31, 2026Accounts Payable
25.40BJPYFY2026 · Mar 31, 2026Short-term Debt
40.71BJPYFY2026 · Mar 31, 2026Other Current Liabilities
12.45BJPYFY2026 · Mar 31, 2026Long-term Debt
19.34BJPYFY2026 · Mar 31, 2026Other Non-current Liabilities
524.00MJPYFY2026 · Mar 31, 2026Common Stock (Book)
6.95BJPYFY2026 · Mar 31, 2026Retained Earnings
78.97BJPYFY2026 · Mar 31, 2026Total Shareholders' Equity
93.80BJPY596.46M · vs all stocks (USD)
Treasury Stock
974.00MJPYFY2026 · Mar 31, 202652-Week Low
1.29KJPYUpdated Sep 22, 202652-Week High
1.50KJPYUpdated Sep 22, 202652-Week Change
0.99%vs all stocks
Beta
0.2280xvs all stocks
50-Day MA
1.43KJPYUpdated Sep 22, 2026200-Day MA
1.41KJPYUpdated Sep 22, 2026Avg 10-Day Volume
43.42KSharesUpdated Sep 22, 2026Avg 30-Day Volume
53.56KSharesUpdated Sep 22, 2026Diluted EPS (TTM)
-89.54JPYUpdated Sep 22, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Price-to-book is 0.38×, lower than 95% of its Metal Fabrication peers (median 2.76×)Notable
Price-to-book: 0.38Industry median: 2.76Industry P5: 1.09Peers compared: 80.00
Structural Tensions
Most companies in its industry are production businesses; this one is a flow businessSignificant
Industry peers: 126Share on the common pattern %: 98.00
Financial Health
Altman Z-Score 2.18: grey zoneSignificant
Altman Z-Score: 2.18
High earnings qualityNotable
Earnings Quality Score: 0.75
Supply Chain
Midstream position: 6 outgoing, 4 incoming connectionsNotable
Outgoing: 6.00Incoming: 4.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
Scale
Market cap is $221.31M, lower than 95% of all stocks globallySignificant
Market cap (USD): 221,312,738.023Global P5: 275,556,405.438
Revenue is $1.61B, above the global median of $548.88MNotable
Revenue (USD): 1,605,565,057.748Global Median: 548,883,780.48
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