Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
13.6
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationSecond quarter of the fiscal year ending November 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales59,710 Millions of yen+1.9%
Operating profit5,590 Millions of yen+13.6%
Ordinary income6,158 Millions of yen+12.8%
Net income4,512 Millions of yen+27.4%
Operating profit margin9.4 %
Full-year earnings forecast
Net Sales
130,000 Millions of yen
Operating profit
13,000 Millions of yen
Ordinary income
13,400 Millions of yen
Profit attributable to owners of the parent
9,500 Millions of yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales45.9 %
Operating profit43 %
Ordinary income46 %
Interim net income attributable to owners of the parent47.5 %
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Business environment assumptions, including foreign exchange rates, raw material prices, energy costs, construction material prices and construction delays, are described qualitatively. Numerical assumptions: Not disclosed.New initiatives
- Establishment of a new top-making process at the Gifu Plant, scheduled to begin operations in March 2027
- Collaboration with Kasuga City, Fukuoka Prefecture, and the Keisei Group through the circular project WAONAS
- Consolidation of 11 companies in the Lifestyle Distribution Business into 5 groups
- Sharing of human resources, systems and expertise among 4 e-commerce-related companies
- Complete withdrawal from the telecommunications and new services businesses in April 2026
Key KPIsA metric the company considers important as a management benchmark.
- Market share of the nonwoven and felt business2 No. 2 in Japan
- Domestic production share of brake systems for railway vehicles50 Approximately %
- Installation ratio among railway companies90 Over %
- Number of design engineers100 At least people
- Revenue contribution ratio of M&A companies53 %
- Operating income contribution ratio of M&A companies36 %
Segment results
Apparel Textiles Business
Net Sales
13,682 Millions of yen-0.7%
Operating profit
280 Millions of yen-36.8%
Industrial Equipment Business
Net Sales
19,623 Millions of yen+11.6%
Operating profit
1,458 Millions of yen+20.9%
People and Future Development Business
Net Sales
12,882 Millions of yen-1.6%
Operating profit
3,878 Millions of yen+15.5%
Lifestyle Distribution Business
Net Sales
11,198 Millions of yen-7.8%
Operating profit
560 Millions of yen-3.8%
Other adjustments
Net Sales
2,323 Millions of yen+16.4%
Operating profit
-588 Millions of yen
Medium-term management plan targets
RN130 Third Medium-Term Plan
Target fiscal yearFiscal year ending November 2026
Net Sales
130,000 Millions of yen
Operating profit
13,000 Millions of yen
Operating profit margin
10 %
Ordinary income
13,400 Millions of yen
Profit attributable to owners of the parent
8,800 Millions of yen
ROEAt least 8.0%
Financial targets
ROEAt least 8.0% (medium-term plan for the fiscal year ending November 2026)
ROICInvestment hurdle: 8% target, 5% minimum
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Estimated impact of the situation in the Middle East on operating income
-150 Millions of yen
Apparel Textiles Business
-20 Millions of yen
Industrial Equipment Business
-70 Millions of yen
People and Future Development Business
-10 Millions of yen
Lifestyle Distribution Business
-50 Millions of yen
Market Size / Share
Nonwoven and felt market shareNo. 2 in Japan
Share of school uniform fabrics for junior and senior high schoolsApproximately 50–60%
Number of employees
Number of design engineersAt least 100 people
Capital expenditures
¥78 100 million fiscal 2026 plan
Annual Dividend
¥50 per share
Payout ratio
35 %
DOE2.5
Acquisition of treasury shares
Approximately ¥7.3 billion (share repurchases completed and planned during the Third Medium-Term Plan period)
Number of Shares2,000,000
PeriodMarch 2026
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending November 2026 |
| Net Sales | 59,710 Millions of yen (YoY +1.9%) |
| Operating profit | 5,590 Millions of yen (YoY +13.6%) |
| Ordinary income | 6,158 Millions of yen (YoY +12.8%) |
| Net income | 4,512 Millions of yen (YoY +27.4%) |
| Operating profit margin | 9.4 % |
| Full-year earnings forecast | Net Sales 130,000 Millions of yen / Operating profit 13,000 Millions of yen / Ordinary income 13,400 Millions of yen / Profit attributable to owners of the parent 9,500 Millions of yen |
| Progress against full-year forecast | Net Sales 45.9 % / Operating profit 43 % / Ordinary income 46 % / Interim net income attributable to owners of the parent 47.5 % |
| Segment results | Apparel Textiles Business Net Sales 13,682 Millions of yen (YoY -0.7%) / Operating profit 280 Millions of yen (YoY -36.8%) / Industrial Equipment Business Net Sales 19,623 Millions of yen (YoY +11.6%) / Operating profit 1,458 Millions of yen (YoY +20.9%) / People and Future Development Business Net Sales 12,882 Millions of yen (YoY -1.6%) / Operating profit 3,878 Millions of yen (YoY +15.5%) / Lifestyle Distribution Business Net Sales 11,198 Millions of yen (YoY -7.8%) / Operating profit 560 Millions of yen (YoY -3.8%) / Other adjustments Net Sales 2,323 Millions of yen (YoY +16.4%) / Operating profit -588 Millions of yen |
| Key KPIs | Indicator name Market share of the nonwoven and felt business / Value 2 No. 2 in Japan / Year on year against the same period last year Not disclosed, Indicator name Domestic production share of brake systems for railway vehicles / Value 50 Approximately % / Year on year against the same period last year Not disclosed, Indicator name Installation ratio among railway companies / Value 90 Over % / Year on year against the same period last year Not disclosed, Indicator name Number of design engineers / Value 100 At least people / Year on year against the same period last year Not disclosed, Indicator name Revenue contribution ratio of M&A companies / Value 53 % / Year on year against the same period last year Not disclosed, Indicator name Operating income contribution ratio of M&A companies / Value 36 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of design engineers At least 100 people |
| Assumptions Underlying the Business Outlook | Business environment assumptions, including foreign exchange rates, raw material prices, energy costs, construction material prices and construction delays, are described qualitatively. Numerical assumptions: Not disclosed. |
| Risk amount incorporated into the outlook | Estimated impact of the situation in the Middle East on operating income -150 Millions of yen / Apparel Textiles Business -20 Millions of yen / Industrial Equipment Business -70 Millions of yen / People and Future Development Business -10 Millions of yen / Lifestyle Distribution Business -50 Millions of yen |
| Medium-term management plan targets | RN130 Third Medium-Term Plan Target fiscal year Fiscal year ending November 2026 / Net Sales 130,000 Millions of yen / Operating profit 13,000 Millions of yen / Operating profit margin 10 % / Ordinary income 13,400 Millions of yen / Profit attributable to owners of the parent 8,800 Millions of yen / ROE At least 8.0% |
| Financial targets | ROE At least 8.0% (medium-term plan for the fiscal year ending November 2026) / ROIC Investment hurdle: 8% target, 5% minimum |
| Annual Dividend | ¥50 per share |
| Payout ratio | 35 % |
| Acquisition of treasury shares | Number of Shares 2,000,000 Shares / Period March 2026 / Amount Approximately ¥7.3 billion (share repurchases completed and planned during the Third Medium-Term Plan period) |
| Capital expenditures | ¥78 100 million (fiscal 2026 plan) |
| Market Size / Share | Nonwoven and felt market share No. 2 in Japan / Share of school uniform fabrics for junior and senior high schools Approximately 50–60% |
| New initiatives | Establishment of a new top-making process at the Gifu Plant, scheduled to begin operations in March 2027, Collaboration with Kasuga City, Fukuoka Prefecture, and the Keisei Group through the circular project WAONAS, Consolidation of 11 companies in the Lifestyle Distribution Business into 5 groups, Sharing of human resources, systems and expertise among 4 e-commerce-related companies, Complete withdrawal from the telecommunications and new services businesses in April 2026 |
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsOrders received and order backlogKey points of the Q&A
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.In the Industrial Materials Business, the consolidation of カコテクノス contributed to higher earnings, while in the People and Future Development Business, the earnings contribution from 八重洲通フィルテラス contributed to the increase. The Apparel and Textiles Business was affected by excess distribution inventories of school uniforms.
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