Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-21.3
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales8,672¥ millionYear on year -1.2%Progress 46.9%
Operating profit324¥ millionYear on year -21.3%Progress 40.5%
Ordinary income372¥ millionYear on year -26.3%Progress 51.7%
Net income attributable to owners of the parent437¥ millionYear on year +73.9%Progress 84.0%
The 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.
Net income per share¥49.68
Financial position at period-end
Total assets34,236¥ million
of which net assets 14,535 ¥ millionEquity ratio 42.5%vs. prior year-end +1.8pt
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.
Cash inflows and outflows
Operating-77
Investment+602
Financials-1,033
Net change-508
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.
Cash and cash equivalents at end of period¥1,171 million
Segment revenueApparel Business ¥2,878 million (YoY -7.9%), Interior Industrial Materials Business ¥3,588 million (YoY +0.5%), Electronics Business ¥641 million (YoY +21.2%), Fine Chemicals Business ¥653 million (YoY -6.9%), Real Estate Business ¥441 million (YoY -1.4%), Other ¥468 million (YoY +17.4%)
Segment profitApparel Business ¥97 million (YoY -61.5%), Interior Industrial Materials Business ¥181 million (YoY +168.6%), Electronics Business ¥-5 million, Fine Chemicals Business ¥20 million (YoY -66.4%), Real Estate Business ¥253 million (YoY -3.3%), Other ¥-22 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥18,500 million (YoY +5.9%)
Operating profit¥800 million (YoY +40.3%)
Ordinary income¥720 million (YoY -1.5%)
Net income¥520 million (YoY -20.8%)
Revision to Earnings ForecastNet Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Whether revised No
Annual Dividend Forecast¥14 → ¥15
Factors Behind Changes in Business Performance
Weak orders for yarn and school uniforms, inventory adjustments in school apparel, higher wool, raw material, electricity and utility costs, delays in passing on higher costs through prices, equipment problems at customers, difficulties procuring overseas raw materials and tenant withdrawals contributed to lower sales and profit. Meanwhile, sales to AI data centers, orders for certain materials and gains on sales of investment securities contributed to higher profit.
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Not disclosed / Excluded Not disclosed / Company name Not disclosed / Remarks The cover states, “No significant changes in the scope of consolidation during the interim period.” However, the main body refers to the transfer of an interest in a Chinese subsidiary and the sale of shares in a subsidiary involving a change in the scope of consolidation.
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥0 million, Gain on sale of investment securities ¥304 million / Extraordinary loss Loss on disposal of fixed assets ¥4 million, Loss on reduction of fixed assets ¥1 million, Losses from natural disasters ¥3 million, Loss on valuation of golf membership rights ¥0 million
Depreciation and amortization¥194 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End8,940,448
Treasury Shares at Period-End214,373
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 30 June 2026 |
| Net Sales | ¥8,672 million (YoY -1.2%) |
| Operating profit | ¥324 million (YoY -21.3%) |
| Ordinary income | ¥372 million (YoY -26.3%) |
| Profit attributable to owners of the parent | ¥437 million (YoY +73.9%) |
| Net income per share | ¥49.68 |
| Equity ratio | End of the current fiscal period 42.5 / End of previous period 40.7 |
| Total assets | ¥34,236 million |
| Net assets | ¥14,535 million |
| Cash flows from operating activities | ¥-77 million |
| Cash flows from investing activities | ¥602 million |
| Cash flows from financing activities | ¥-1,033 million |
| Cash and cash equivalents at end of period | ¥1,171 million |
| Full-year earnings forecast | Net Sales ¥18,500 million (YoY +5.9%) / Operating profit ¥800 million (YoY +40.3%) / Ordinary income ¥720 million (YoY -1.5%) / Net income ¥520 million (YoY -20.8%) |
| Revision to Earnings Forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Whether revised No |
| Annual Dividend Forecast | ¥14 → ¥15 |
| Segment revenue | Apparel Business ¥2,878 million (YoY -7.9%), Interior Industrial Materials Business ¥3,588 million (YoY +0.5%), Electronics Business ¥641 million (YoY +21.2%), Fine Chemicals Business ¥653 million (YoY -6.9%), Real Estate Business ¥441 million (YoY -1.4%), Other ¥468 million (YoY +17.4%) |
| Segment profit | Apparel Business ¥97 million (YoY -61.5%), Interior Industrial Materials Business ¥181 million (YoY +168.6%), Electronics Business ¥-5 million, Fine Chemicals Business ¥20 million (YoY -66.4%), Real Estate Business ¥253 million (YoY -3.3%), Other ¥-22 million |
| Depreciation and amortization | ¥194 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥0 million, Gain on sale of investment securities ¥304 million / Extraordinary loss Loss on disposal of fixed assets ¥4 million, Loss on reduction of fixed assets ¥1 million, Losses from natural disasters ¥3 million, Loss on valuation of golf membership rights ¥0 million |
| 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 Not disclosed / Excluded Not disclosed / Company name Not disclosed / Remarks The cover states, “No significant changes in the scope of consolidation during the interim period.” However, the main body refers to the transfer of an interest in a Chinese subsidiary and the sale of shares in a subsidiary involving a change in the scope of consolidation. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 8,940,448 |
| Treasury Shares at Period-End | 214,373 |
| Factors Behind Changes in Business Performance | Weak orders for yarn and school uniforms, inventory adjustments in school apparel, higher wool, raw material, electricity and utility costs, delays in passing on higher costs through prices, equipment problems at customers, difficulties procuring overseas raw materials and tenant withdrawals contributed to lower sales and profit. Meanwhile, sales to AI data centers, orders for certain materials and gains on sales of investment securities contributed to higher profit. |
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events
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.Orders and demand remained weak for uses including yarn and school uniforms, while higher wool, raw material, electricity and utility costs, together with delays in passing on higher costs through prices, put pressure on profit. Meanwhile, gains on sales of investment securities increased from ¥109 million in the same period of the previous year to ¥304 million.
How to read this page
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