Worth reading
30Immaterial
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 income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFY2026 Second Quarter (Interim Period)6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,672 million-1.2%
Operating profit¥324 million-21.3%
Ordinary income¥372 million-26.3%
Net income¥437 million+73.9%
Operating profit margin3.7%, down 1.0 percentage points year on year
Full-year earnings forecast
Net Sales
¥18,500 million
Operating profit
¥800 million
Operating profit margin
4.3 %
Ordinary income
¥720 million
Profit attributable to owners of the parent
¥520 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating cash flow
Increase in accounts payable238
Increase in Trade Receivables-411
Increase in Inventories-61
Investing cash flow
Proceeds from the sale of shares in subsidiaries511
Proceeds from the sale of investment securities381
Expenditures for the acquisition of property, plant and equipment-231
Financial Cash Flow
Net decrease in short-term borrowings-840
Dividends paid-123
Cash outflow for the acquisition of treasury shares-103
New initiatives
- Development of UD tape using recycled carbon fiber
- Completion of proprietary equipment for producing UD tape through a continuous, integrated process, and commencement of production of 50 cm-wide samples
- Acquisition of patents for carbon-fiber-related technologies
- Development and production of polypropylene fiber made from used cooking oil
- Development and operation of the GREENWOOL value chain
Segment results
Apparel Business
Net Sales
¥2,878 million-7.9%
Operating profit
¥97 million-61.5%
Operating profit margin
3.4 %
yoy_change_pt-4.7
Interior Industrial Materials Business
Net Sales
¥3,588 million+0.5%
Operating profit
¥181 million+168.6%
Operating profit margin
5 %
yoy_change_pt3.1
Electronics Business
Net Sales
¥641 million+21.2%
Operating profit
¥-5 million
Fine Chemicals Business
Net Sales
¥653 million-6.9%
Operating profit
¥20 million-66.4%
Operating profit margin
3.1 %
yoy_change_pt-5.5
Real Estate Business
Net Sales
¥441 million-1.4%
Operating profit
¥253 million-3.3%
Operating profit margin
57.4 %
yoy_change_pt-1.1
Other
Net Sales
¥468 million+17.4%
Operating profit
¥-22 million
Financial targets
Equity ratio: 40.7% for the fiscal year ended December 2025 and 42.5% as of June 2026 (target: Not disclosed)Capital expenditures
¥238 million
Acquisition of treasury shares
¥103 million
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | FY2026 Second Quarter (Interim Period) |
| Net Sales | ¥8,672 million (YoY -1.2%) |
| Operating profit | ¥324 million (YoY -21.3%) |
| Ordinary income | ¥372 million (YoY -26.3%) |
| Net income | ¥437 million (YoY +73.9%) |
| Operating profit margin | 3.7%, down 1.0 percentage points year on year |
| Full-year earnings forecast | Net Sales ¥18,500 million / Operating profit ¥800 million / Operating profit margin 4.3 % / Ordinary income ¥720 million / Profit attributable to owners of the parent ¥520 million |
| Segment results | Apparel Business Net Sales ¥2,878 million (YoY -7.9%) / Operating profit ¥97 million (YoY -61.5%) / Operating profit margin 3.4 % / Interior Industrial Materials Business Net Sales ¥3,588 million (YoY +0.5%) / Operating profit ¥181 million (YoY +168.6%) / Operating profit margin 5 % / Electronics Business Net Sales ¥641 million (YoY +21.2%) / Operating profit ¥-5 million / Fine Chemicals Business Net Sales ¥653 million (YoY -6.9%) / Operating profit ¥20 million (YoY -66.4%) / Operating profit margin 3.1 % / Real Estate Business Net Sales ¥441 million (YoY -1.4%) / Operating profit ¥253 million (YoY -3.3%) / Operating profit margin 57.4 % / Other Net Sales ¥468 million (YoY +17.4%) / Operating profit ¥-22 million |
| Breakdown of Factors Affecting the Change | Operating cash flow Increase in accounts payable 238 / Increase in Trade Receivables -411 / Increase in Inventories -61 / Investing cash flow Proceeds from the sale of shares in subsidiaries 511 / Proceeds from the sale of investment securities 381 / Expenditures for the acquisition of property, plant and equipment -231 / Financial Cash Flow Net decrease in short-term borrowings -840 / Dividends paid -123 / Cash outflow for the acquisition of treasury shares -103 |
| Financial targets | Equity ratio: 40.7% for the fiscal year ended December 2025 and 42.5% as of June 2026 (target: Not disclosed) |
| Acquisition of treasury shares | Amount ¥103 million / Period Not disclosed / Number of Shares Not disclosed |
| Capital expenditures | ¥238 million |
| New initiatives | Development of UD tape using recycled carbon fiber, Completion of proprietary equipment for producing UD tape through a continuous, integrated process, and commencement of production of 50 cm-wide samples, Acquisition of patents for carbon-fiber-related technologies, Development and production of polypropylene fiber made from used cooking oil, Development and operation of the GREENWOOL value chain |
Items this document does not state (17)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioOrders received and order backlogMarket Size / ShareKey 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.The Apparel Business reported lower revenue and profit due to soaring wool prices, inventory adjustments in school apparel and lower orders for uniforms. In the Interior and Industrial Materials Business, higher orders and price pass-through contributed positively, while delays in passing on higher raw material, electricity and utility costs affected areas such as automotive interior materials. The Fine Chemicals Business was affected by equipment trouble at a customer and difficulties procuring overseas raw materials, while the Real Estate Business was affected by tenant withdrawals. The increase in interim net income was attributable to the reduction of cross-shareholdings.
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