A new holding company
Maezawa Holdings Co., Ltd. (TSE: 575A) was established on June 1, 2026 through a joint share transfer by Maezawa Industries, a maker of water-treatment plant and valves, and Maezawa Kasei Industries, a maker of plastic piping parts for housing. Maezawa Industries was treated as the acquirer. On October 13, 2026 the company reported consolidated results under Japanese GAAP for its first quarter, June 1 to August 31, 2026; because it is newly formed there are no prior-year figures.
Net sales were ¥11,527 million, operating profit ¥168 million and ordinary profit ¥406 million. Net profit attributable to owners of the parent was ¥14,500 million, or ¥454.64 per share, after an extraordinary gain on negative goodwill of ¥14,584 million arising from the share transfer.
Segments
Water and environmental engineering recorded sales of ¥3,707 million and a segment loss of ¥405 million, with orders received of ¥8,827 million. Housing environment, the former Maezawa Kasei business, earned ¥766 million on sales of ¥5,839 million. Valves posted sales of ¥2,059 million and a loss of ¥152 million on orders of ¥5,571 million. The company said sales and profits in the engineering and valve businesses are concentrated in the second half of the fiscal year.
Balance sheet and outlook
At August 31, total assets were ¥90,863 million and net assets ¥72,892 million, for an equity ratio of 80.1%.
The forecast for FY3/2027, a ten-month period from June 1, 2026 to March 31, 2027, is unchanged from July 14: net sales of ¥55,000 million, operating profit of ¥6,600 million, ordinary profit of ¥7,100 million and net profit of ¥19,200 million, or ¥602.11 per share. The company plans a year-end dividend of ¥63.00.
| Metric | Q1 FY3/2027 | Q1 FY3/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 11,527 | — | — |
| Operating profit (¥ million) | 168 | — | — |
| Ordinary profit (¥ million) | 406 | — | — |
| Net profit attrib. to owners of parent (¥ million) | 14,500 | — | — |
| EPS (¥) | 454.64 | — | — |
| Water & environmental engineering — revenue (¥ million) | 3,707 | — | — |
| Water & environmental engineering — segment profit (¥ million) | −405 | — | — |
| Housing environment — revenue (¥ million) | 5,839 | — | — |
| Housing environment — segment profit (¥ million) | 766 | — | — |
| Valves — revenue (¥ million) | 2,059 | — | — |
| Valves — segment profit (¥ million) | −152 | — | — |
| Total assets (¥ million) | 90,863 | — | — |
| Net assets (¥ million) | 72,892 | — | — |
| Equity ratio | 80.1% | — | — |
| FY3/2027 guidance — revenue (¥ million) | 55,000 | — | — |
| FY3/2027 guidance — operating profit (¥ million) | 6,600 | — | — |
| FY3/2027 guidance — ordinary profit (¥ million) | 7,100 | — | — |
| FY3/2027 guidance — net profit (¥ million) | 19,200 | — | — |
| Annual dividend per share (¥) | 63.00 | — | — |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.