Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Amid uncertainty stemming from the impact of U.S. trade policies and the situation in the Middle East, domestic price increases and fluctuations in the financial and capital markets, the company promoted business activities that capitalized on the characteristics and added value of each business. In the real estate utilization business, it redeveloped existing properties and acquired new properties; in the automotive sales business, it carried out sales activities, campaigns, events and digital transformation initiatives; and in the musical instrument sales business, it implemented pricing that reflected higher procurement costs, reduced expenses, and launched and sold products.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥5,653 million (YoY +0.9%) |
| Operating profit | ¥279 million (YoY -18.6%) |
| Ordinary income | ¥261 million (YoY -17.3%) |
| Profit attributable to owners of the parent | ¥207 million (YoY -16.9%) |
| Net income per share | ¥13.58 |
| Operating Margin | 5.0% |
| Equity ratio | End of the current fiscal period 29.3% / End of previous period 29.7% |
| Total assets | ¥9,460 million |
| Net assets | ¥2,794 million |
| Cash flows from operating activities | ¥97 million |
| Cash flows from investing activities | ¥-441 million |
| Cash flows from financing activities | ¥319 million |
| Cash and cash equivalents at end of period | ¥965 million |
| Full-year earnings forecast | Net Sales ¥5,682 million (YoY +0.5%) / Operating profit ¥322 million (YoY +15.2%) / Ordinary income ¥294 million (YoY +12.4%) / Profit attributable to owners of the parent ¥244 million (YoY +17.6%) |
| Annual Dividend Forecast | ¥5 → ¥5（0.0%） |
| Payout ratio | 36.8% |
| Shareholder Return Policy | The company targets a payout ratio of 50% or more and is also considering flexible share repurchases. |
| Segment revenue | Real estate utilization business ¥434 million (YoY +3.5%), Automotive sales business ¥4,557 million (YoY +0.6%), Musical instrument sales business ¥661 million (YoY +1.4%) |
| Segment profit | Real estate utilization business ¥313 million (YoY +4.3%), Automotive sales business ¥45 million (YoY -52.1%), Musical instrument sales business ¥45 million (YoY -17.6%) |
| Regional sales | Region Japan / Net Sales More than 90% of consolidated net sales |
| Depreciation and amortization | ¥197 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 thousand |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No (no eligible attendees) |
| Issued Shares at Period-End | 20,236,086 Shares |
| Treasury Shares at Period-End | 4,924,122 Shares |
| Factors Behind Changes in Business Performance | Amid uncertainty stemming from the impact of U.S. trade policies and the situation in the Middle East, domestic price increases and fluctuations in the financial and capital markets, the company promoted business activities that capitalized on the characteristics and added value of each business. In the real estate utilization business, it redeveloped existing properties and acquired new properties; in the automotive sales business, it carried out sales activities, campaigns, events and digital transformation initiatives; and in the musical instrument sales business, it implemented pricing that reflected higher procurement costs, reduced expenses, and launched and sold products. |
Items this document does not state (2)
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.The company cited an uncertain business environment resulting from U.S. trade policies, the situation in the Middle East, rising prices and fluctuations in the financial and capital markets. It said that, in its real estate utilization business, it redeveloped existing properties and acquired new properties; in its automotive sales business, it strengthened sales and promoted digital transformation; and in its musical instrument sales business, it implemented pricing that reflected higher procurement costs, reduced expenses, and launched and sold products.