Worth reading
46Recurring
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
22151
Millions of yen (year-on-year change in revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending May 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥120,327 million+22.6%
Operating profit¥2,763 million+28.6%
Ordinary income¥3,054 million+28.5%
Net income¥2,130 million +25.5%net income attributable to owners of the parent
Gross Profit Margin5.0%
Operating profit margin2.3%
Selling, general and administrative expenses¥3,300 million
Full-year earnings forecast
Fiscal year ending May 2027
Net Sales
¥110,000 million
Operating profit
¥1,800 million
Ordinary income
¥2,100 million
Net income
¥1,500 million net income attributable to owners of the parent
Earnings per share
188.17 yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Automobiles¥20,390 million
Consumer¥28 million
Amusement¥294 million
Industrial Equipment¥151 million
Other¥1,285 million
Selling, general and administrative expenses
Personnel Expenses¥86 million
Freight and packing expenses¥76 million
Other¥-1 million
Cash flows from operating activities
Profit before income taxes¥3,029 million
Change in trade receivables¥2,035 million
Change in inventories¥-2,411 million
Change in trade payables¥-1,247 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Numerical assumptions for exchange rates, raw material prices, interest rates and other factors are Not disclosed. Qualitative factors cited include expansion of the AI-related market, progress in DX, lower sales of certain semiconductors in the automotive sector, and increased orders in the industrial equipment sector.New initiatives
- Execution of priority measures under Medium-Term Management Plan 2026
- Strengthen IR activities and engagement with investors
- Improve the quality and quantity of information disclosure
- Invest in health management and human capital
- Continue reducing GHG emissions (Scopes 1 and 2)
- Exhibit at trade shows for heatstroke-prevention solutions and other products
Key KPIsA metric the company considers important as a management benchmark.
- Net income per share267.25 yenYear on year against the same period last year+¥54.28
- Return on equity (ROE)12.7 %Year on year against the same period last year+1.4 percentage points
- Return on assets (ROA)7.5 %Year on year against the same period last year△0.4 percentage points
- Operating margin2.3 %Year on year against the same period last year+0.1 percentage points year on year
- Equity ratio43.7 %Year on year against the same period last year+4.5 percentage points
- Book value per share2,243.18 yenYear on year against the same period last year+¥276.11
Segment results
Net SalesOnly the domestic and overseas composition ratios are provided. For the fiscal year ended May 2026, domestic 85.1% and overseas 14.9%.
Segment profitThe domestic and overseas categories are provided, but the amounts for each category are Not disclosed
Medium-term management plan targets
Medium-Term Management Plan 2026 (FY2024 to FY2026)
Net Sales¥100 billion
Operating profit¥3 billion
ROEMaintain and improve ROE at 10% or higher
Financial targets
ROE targetMaintain and improve ROE at 10% or higher
Actual ROE for the fiscal year ended May 202612.7%
Actual equity ratio43.7%
Reference value for cost of equityApproximately 6–9%
Number of stores and locations
End of period5 domestic locations and 10 overseas locations
Number of employees
Number of Employees624 on a consolidated basis and 148 on a non-consolidated basis (as of 31 May 2026)
Annual Dividend
Fiscal year ending May 2026¥80 (interim ¥40, year-end ¥40)
Forecast for the fiscal year ending May 2027¥70 (the interim/year-end breakdown is Not disclosed)
Payout ratio
Target a consolidated payout ratio of approximately 30%| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Net Sales | ¥120,327 million (YoY +22.6%) |
| Operating profit | ¥2,763 million (YoY +28.6%) |
| Ordinary income | ¥3,054 million (YoY +28.5%) |
| Net income | ¥2,130 million (net income attributable to owners of the parent) (YoY +25.5%) |
| Gross Profit Margin | 5.0% |
| Operating profit margin | 2.3% |
| Selling, general and administrative expenses | ¥3,300 million |
| Full-year earnings forecast | Subject Fiscal year ending May 2027 / Net Sales ¥110,000 million / Operating profit ¥1,800 million / Ordinary income ¥2,100 million / Net income ¥1,500 million (net income attributable to owners of the parent) / Earnings per share 188.17 yen |
| Segment results | Net Sales Only the domestic and overseas composition ratios are provided. For the fiscal year ended May 2026, domestic 85.1% and overseas 14.9%. / Segment profit The domestic and overseas categories are provided, but the amounts for each category are Not disclosed |
| Breakdown of Factors Affecting the Change | Net Sales Automobiles ¥20,390 million / Consumer ¥28 million / Amusement ¥294 million / Industrial Equipment ¥151 million / Other ¥1,285 million / Selling, general and administrative expenses Personnel Expenses ¥86 million / Freight and packing expenses ¥76 million / Other ¥-1 million / Cash flows from operating activities Profit before income taxes ¥3,029 million / Change in trade receivables ¥2,035 million / Change in inventories ¥-2,411 million / Change in trade payables ¥-1,247 million |
| Key KPIs | Indicator name Net income per share / Value 267.25 yen / Year on year against the same period last year +¥54.28, Indicator name Return on equity (ROE) / Value 12.7 % / Year on year against the same period last year +1.4 percentage points, Indicator name Return on assets (ROA) / Value 7.5 % / Year on year against the same period last year △0.4 percentage points, Indicator name Operating margin / Value 2.3 % / Year on year against the same period last year +0.1 percentage points year on year, Indicator name Equity ratio / Value 43.7 % / Year on year against the same period last year +4.5 percentage points, Indicator name Book value per share / Value 2,243.18 yen / Year on year against the same period last year +¥276.11 |
| Number of stores and locations | End of period 5 domestic locations and 10 overseas locations / Openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 624 on a consolidated basis and 148 on a non-consolidated basis (as of 31 May 2026) / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Numerical assumptions for exchange rates, raw material prices, interest rates and other factors are Not disclosed. Qualitative factors cited include expansion of the AI-related market, progress in DX, lower sales of certain semiconductors in the automotive sector, and increased orders in the industrial equipment sector. |
| Medium-term management plan targets | Subject Medium-Term Management Plan 2026 (FY2024 to FY2026) / Net Sales ¥100 billion / Operating profit ¥3 billion / ROE Maintain and improve ROE at 10% or higher |
| Financial targets | ROE target Maintain and improve ROE at 10% or higher / Actual ROE for the fiscal year ended May 2026 12.7% / Actual equity ratio 43.7% / Reference value for cost of equity Approximately 6–9% |
| Annual Dividend | Fiscal year ending May 2026 ¥80 (interim ¥40, year-end ¥40) / Forecast for the fiscal year ending May 2027 ¥70 (the interim/year-end breakdown is Not disclosed) |
| Payout ratio | Target a consolidated payout ratio of approximately 30% |
| New initiatives | Execution of priority measures under Medium-Term Management Plan 2026, Strengthen IR activities and engagement with investors, Improve the quality and quantity of information disclosure, Invest in health management and human capital, Continue reducing GHG emissions (Scopes 1 and 2), Exhibit at trade shows for heatstroke-prevention solutions and other products |
Items this document does not state (10)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders 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.In the fiscal year ended May 2026, revenue in the automotive sector increased due to higher semiconductor sales to automotive parts manufacturers, among other factors, and gross profit rose in line with the increase in revenue. Meanwhile, logistics costs and personnel expenses increased due to labor shortages and higher prices and wages. For the fiscal year ending May 2027, the company expects revenue in the automotive sector to decline due to lower sales of certain semiconductors.
How to read this page
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