Revised forecast
Fiscal year ending December 2026 · Six months (cumulative) and full fiscal yearPrevious forecast published Earnings forecast: 12 May 2026; year-end dividend forecast: 10 February 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
For the interim period, sales are expected to fall below the forecast due to delays in the production timing of certain projects in the PC curtain wall business. Profit is nevertheless expected to increase due to a lower cost ratio in that business, strong orders in the Aqua business and the reversal of a provision for losses on construction contracts. For the full year, sales are expected to decline in the first half and the cost ratio is expected to rise in the second half due to higher material prices and increased labor costs, but profit forecasts were revised upward following the increase in first-half profit.
| Item | Details |
|---|---|
| Net Sales | 2Q cumulative 4,500 / Full year 8,250 → 2Q cumulative 4,208 / Full year 8,150（2Q cumulative -6.5 / Full year -1.2） |
| Operating profit | 2Q cumulative 450 / Full year 450 → 2Q cumulative 586 / Full year 730（2Q cumulative 30.2 / Full year 62.2） |
| Ordinary income | 2Q cumulative 500 / Full year 530 → 2Q cumulative 666 / Full year 830（2Q cumulative 33.2 / Full year 56.6） |
| Profit attributable to owners of the parent | 2Q cumulative 327 / Full year 347 → 2Q cumulative 438 / Full year 550（2Q cumulative 33.9 / Full year 58.5） |
| Net income per share | 2Q cumulative 41.27 / Full year 43.79 → 2Q cumulative 55.36 / Full year 69.41 |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Six months (cumulative) and full fiscal year |
| Publication date of previous forecast | Earnings forecast: 12 May 2026; year-end dividend forecast: 10 February 2026 |
| Previous-period results | 2Q cumulative Net sales ¥3,448 million, operating loss ¥95 million, ordinary loss ¥59 million, interim net loss attributable to owners of the parent ¥64 million, interim net loss per share ¥8.08 / Full year Net sales ¥7,338 million, operating income ¥112 million, ordinary income ¥186 million, net income attributable to owners of the parent ¥190 million, net income per share ¥23.85 |
| Reason for the revision | For the interim period, sales are expected to fall below the forecast due to delays in the production timing of certain projects in the PC curtain wall business. Profit is nevertheless expected to increase due to a lower cost ratio in that business, strong orders in the Aqua business and the reversal of a provision for losses on construction contracts. For the full year, sales are expected to decline in the first half and the cost ratio is expected to rise in the second half due to higher material prices and increased labor costs, but profit forecasts were revised upward following the increase in first-half profit. |
| Dividend forecast revision | The interim dividend was increased from the previous forecast of ¥10 to ¥11, and the year-end dividend was increased from ¥10 to ¥11. The annual dividend forecast was increased from ¥20 to ¥22, comprising an ordinary dividend of ¥20 and a commemorative dividend of ¥2 marking the Company's 75th anniversary since its founding. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.For the interim period, production of certain projects in the PC curtain wall business is expected to be delayed, resulting in sales below the forecast. Profit is nevertheless expected to increase due to a lower cost ratio in that business, strong orders in the Aqua business and the reversal of a provision for losses on construction contracts. For the full year, sales are expected to decline in the first half and the cost ratio is expected to rise in the second half due to higher material prices and labor costs. However, profit forecasts were raised following the increase in first-half profit. The dividend was increased to reflect a commemorative dividend marking the Company's 75th anniversary since its founding.