Kurita Water IndustriesKurita Water Industries Ltd.6370東証プライム機械FY ending Mar 2026, consolidated, IFRS

Kurita Water Industries FY ending Mar 2026 results

About 57% of Kurita Water Industries's sales come from General Industry, with Electronics Industry making up much of the rest.

Out of every ¥100 of sales, about ¥14 is left as operating profit.

Revenue changed +3.6% from the prior year, operating profit +16.8%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +3.6% · profit +16.8%, calculated from disclosed figures.

Operating leverage: 4.63× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +3.6%¥388.8B → ¥402.9B
Gross profit: +6.6%¥143.7B → ¥153.2B
Operating income: +16.8%¥49.9B → ¥58.3B
Net income attributable to owners: -21.4%¥20.3B → ¥16B
Operating cash flow: -36.7%¥87.8B → ¥55.6B
Free cash flow: -23.8%¥34.1B → ¥26B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥402.9B, up +3.6% from ¥388.8B.
Operating income grew faster, up +16.8% to ¥58.3B.
Net income attributable to owners fell -21.4% to ¥16B, mainly because of impairment losses on a US precision cleaning subsidiary that the company decided to sell.
Operating cash flow dropped -36.7% to ¥55.6B, and free cash flow fell -23.8% to ¥26B.

What drove the change

In General Industry, growth in the higher-value CSV business improved the cost ratio, and last year's goodwill write-down on a US subsidiary did not recur
In Electronics Industry, maintenance was strong in Japan and Korea, offsetting the drop after large equipment projects in China the year before
Pentagon Technologies Group, which is being sold, was moved to discontinued operations, and larger impairment losses there, including goodwill, pulled down net income

Things to watch

Demand in both segments moves with customers' plant utilization and capital spending
Large water treatment equipment projects can turn unprofitable because of design or construction problems
Goodwill from past acquisitions could be written down if those businesses earn less than expected

Annual securities report, 90th fiscal period (Apr 2025 – Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report, 90th fiscal period (Apr 2025 – Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Kurita Water Industries sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥62
SG&A: ¥24
Operating profit: ¥14
Net profit kept: ¥4

Annual margin trends

Gross margin38.0%

Operating margin14.5%

Net margin4.0%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

General Industry¥231.1B
57%
Op. margin 12.8%Industry: Waste Management & Recycling
Electronics Industry¥171.8B
43%
Op. margin 16.7%Industry: Waste Management & Recycling

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第90期(2025/04/01－2026/03/31)
ID S100YBAT2026-06-23Open
EDINET (FSA Japan)
有価証券報告書－第89期(2024/04/01－2025/03/31)
ID S100W5YW2025-06-25Open
EDINET (FSA Japan)
有価証券報告書－第88期(2023/04/01－2024/03/31)
ID S100TVD72024-06-27Open
EDINET (FSA Japan)
訂正有価証券報告書－第87期(2022/04/01－2023/03/31)
ID S100RBGF2023-07-03Open
EDINET (FSA Japan)
有価証券報告書－第86期(令和3年4月1日－令和4年3月31日)
ID S100OJN12022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第85期(令和2年4月1日－令和3年3月31日)
ID S100LSZ12021-06-29Open

Extracted from XBRL: 45 / Derived from other figures: 1

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