Revised forecast
Fiscal year ending November 2026 · Full year (variance from forecasts for the interim period)Previous forecast published 5 January 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.
Based on interim-period results, full-year results are expected to exceed the previously announced forecasts. The plan for the second half remains unchanged from the beginning of the fiscal year. During the interim period, the strong purchase market, improved productivity, shorter merchandise lead times and promotion of sales to dealers resulted in the number of items purchased and sold, as well as profit levels, exceeding forecasts.
| Item | Details |
|---|---|
| Net Sales | ¥684,000 million (percentage changes are shown as percentages) → ¥746,000 million (percentage changes are shown as percentages)（+9.1%） |
| Operating profit | ¥24,000 million (percentage changes are shown as percentages) → ¥27,600 million (percentage changes are shown as percentages)（+15.0%） |
| Ordinary income | ¥22,600 million (percentage changes are shown as percentages) → ¥25,500 million (percentage changes are shown as percentages)（+12.8%） |
| Profit attributable to owners of the parent | ¥15,000 million (percentage changes are shown as percentages) → ¥17,100 million (percentage changes are shown as percentages)（+14.0%） |
| Net income per share | 191.58 yen → 218.35 yen |
| Fiscal Period Covered | Fiscal year ending November 2026 |
| Period Covered | Full year (variance from forecasts for the interim period) |
| Publication date of previous forecast | 5 January 2026 |
| Previous-period results | Net sales ¥652,072 million, operating income ¥19,597 million, ordinary income ¥18,485 million, net income attributable to owners of the parent ¥12,811 million, and net income per share ¥161.65 (fiscal year ended November 2025) |
| Reason for the revision | Based on interim-period results, full-year results are expected to exceed the previously announced forecasts. The plan for the second half remains unchanged from the beginning of the fiscal year. During the interim period, the strong purchase market, improved productivity, shorter merchandise lead times and promotion of sales to dealers resulted in the number of items purchased and sold, as well as profit levels, exceeding forecasts. |
| Consolidated / non-consolidated | Consolidated and non-consolidated |
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.During the interim period, the purchase market remained strong and productivity per employee improved, resulting in the number of items purchased and sold exceeding forecasts. In addition, profit per retail unit improved as a result of shorter merchandise lead times and the promotion of sales to dealers, leading to an upward revision of the full-year forecasts.