Worth reading
62In focus
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
1232
¥ millions (impairment loss on investment securities)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥41,563 million+5.2%
Operating profit¥2,502 million+14.7%
Ordinary income¥3,208 million+13.0%
Net income¥1,500 million-48.9%
Full-year earnings forecast
Net Sales
¥42,000 million
Operating profit
¥1,500 million
Ordinary income
¥2,300 million
Profit attributable to owners of the parent
¥2,000 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 profit, fiscal year ended March 2026
Sales price differential1,163
Raw material and fuel price differential125
Total cost reduction276
Foreign Exchange18
Production volume and structural reform expenses-438
Other6
Investments in systems, improvements to the working environment, manufacturing equipment upgrades, employee benefits and related areas-828
Operating income forecast for the fiscal year ending March 2027
Middle East situation factor-2,050
Sales price differential1,623
Productivity improvement740
Total cost reduction793
Raw material and fuel price differential-57
Structural reform expenses and related costs-2,052
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rates for the fiscal year ending March 2027
USD¥150.00
EUR¥175.50 per EUR
New initiatives
- Expanding the production and sales of sustainable materials
- Obtaining public certification for, and rolling out nationwide, an earthquake-resistance reinforcement method using carbon-fiber composite materials
- Expanding the business of ベリフォーマー, a sludge volume-reduction bioproduct, with future overseas expansion
- Launching a new brand using product-dyeing technology
- factoRe100 factory reorganization project
- Making NSKエコーマーク a subsidiary
- Business alliance with another company
- Establishing a new company in China
- DX investment
Key KPIsA metric the company considers important as a management benchmark.
Overseas Revenue Mix42.4%
Environmentally friendly materials revenue ratio34%
Products division revenue¥2,630 million
ベリフォーマー installations55 installations of the sludge volume-reduction bioproduct ベリフォーマー
Excess sludge reduction rate100%
Processing cost reduction rateUp to 50%
Non-fluorine ratio73%
mateReco revenue ratio34%
Retention rate of new graduates within 3 years of joining92.2%
Annual paid-leave utilization rate62.1%
Employment Rate of People with Disabilities2.5%
Rate of parental leave taken by male employees55.6%
Percentage of women in management and supervisory positions13.4%
Segment results
Total textile business
Net Sales
¥41,063 million+5.3%
Operating profit
¥2,444 million+16.3%
Apparel fabrics
Net Sales
¥29,628 million+2.1%
Operating profit
¥2,250 million+12.5%
Industrial fabrics
Net Sales
¥8,806 million+2.9%
Products division
Net Sales
¥2,630 million+84.0%
Operating profit
¥194 million+90.2%
Other Businesses
Net Sales
¥499 million-2.3%
Operating profit
¥58 million-26.6%
Medium-term management plan targets
Net Sales¥42,000 million
Operating profit¥2,500 million
Operating profit margin6.0%
Payout ratio40% or more
ROE6.0%
Total payout ratio50% or higher
Overseas Revenue Mix43.0%
Environmentally friendly materials revenue ratio40%
Products division revenue¥1.7 billion
Target fiscal yearFiscal 2026
Financial targets
ROE
Target6.0%
Actual results3.8%
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Middle East situation factor¥2,050 million reduction factor
Structural reform expenses and related costs¥2,052 million reduction factor
Capital expenditures
3,200 Millions of yen fiscal year ended March 2026 actual
Annual Dividend
Fiscal year ending March 2026
Annual¥27
Interim¥14
End of period¥13
Forecast for the fiscal year ending March 2027
Annual¥27
Interim¥13
End of period¥14
Payout ratio
A guideline of at least 40% of net incomeAcquisition of treasury shares
Number of shares acquired2 million shares (maximum)
Total acquisition price¥1.7 billion (maximum)
Acquisition period1 November 2025 to 31 October 2026
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥41,563 million (YoY +5.2%) |
| Operating profit | ¥2,502 million (YoY +14.7%) |
| Ordinary income | ¥3,208 million (YoY +13.0%) |
| Net income | ¥1,500 million (YoY -48.9%) |
| Full-year earnings forecast | Net Sales ¥42,000 million / Operating profit ¥1,500 million / Ordinary income ¥2,300 million / Profit attributable to owners of the parent ¥2,000 million |
| Segment results | Total textile business Net Sales ¥41,063 million (YoY +5.3%) / Operating profit ¥2,444 million (YoY +16.3%) / Apparel fabrics Net Sales ¥29,628 million (YoY +2.1%) / Operating profit ¥2,250 million (YoY +12.5%) / Industrial fabrics Net Sales ¥8,806 million (YoY +2.9%) / Products division Net Sales ¥2,630 million (YoY +84.0%) / Operating profit ¥194 million (YoY +90.2%) / Other Businesses Net Sales ¥499 million (YoY -2.3%) / Operating profit ¥58 million (YoY -26.6%) |
| Breakdown of Factors Affecting the Change | Operating profit, fiscal year ended March 2026 Sales price differential 1,163 / Raw material and fuel price differential 125 / Total cost reduction 276 / Foreign Exchange 18 / Production volume and structural reform expenses -438 / Other 6 / Investments in systems, improvements to the working environment, manufacturing equipment upgrades, employee benefits and related areas -828 / Operating income forecast for the fiscal year ending March 2027 Middle East situation factor -2,050 / Sales price differential 1,623 / Productivity improvement 740 / Total cost reduction 793 / Raw material and fuel price differential -57 / Structural reform expenses and related costs -2,052 |
| Key KPIs | Overseas Revenue Mix 42.4% / Environmentally friendly materials revenue ratio 34% / Products division revenue ¥2,630 million / ベリフォーマー installations 55 installations of the sludge volume-reduction bioproduct ベリフォーマー / Excess sludge reduction rate 100% / Processing cost reduction rate Up to 50% / Non-fluorine ratio 73% / mateReco revenue ratio 34% / Retention rate of new graduates within 3 years of joining 92.2% / Annual paid-leave utilization rate 62.1% / Employment Rate of People with Disabilities 2.5% / Rate of parental leave taken by male employees 55.6% / Percentage of women in management and supervisory positions 13.4% |
| Assumptions Underlying the Business Outlook | Average exchange rates for the fiscal year ending March 2027 USD ¥150.00 / EUR ¥175.50 per EUR |
| Risk amount incorporated into the outlook | Middle East situation factor ¥2,050 million reduction factor / Structural reform expenses and related costs ¥2,052 million reduction factor |
| Medium-term management plan targets | Net Sales ¥42,000 million / Operating profit ¥2,500 million / Operating profit margin 6.0% / Payout ratio 40% or more / ROE 6.0% / Total payout ratio 50% or higher / Overseas Revenue Mix 43.0% / Environmentally friendly materials revenue ratio 40% / Products division revenue ¥1.7 billion / Target fiscal year Fiscal 2026 |
| Financial targets | ROE Target 6.0% / Actual results 3.8% |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥27 / Interim ¥14 / End of period ¥13 / Forecast for the fiscal year ending March 2027 Annual ¥27 / Interim ¥13 / End of period ¥14 |
| Payout ratio | A guideline of at least 40% of net income |
| Acquisition of treasury shares | Number of shares acquired 2 million shares (maximum) / Total acquisition price ¥1.7 billion (maximum) / Acquisition period 1 November 2025 to 31 October 2026 |
| Capital expenditures | 3,200 Millions of yen (fiscal year ended March 2026 actual) |
| New initiatives | Expanding the production and sales of sustainable materials, Obtaining public certification for, and rolling out nationwide, an earthquake-resistance reinforcement method using carbon-fiber composite materials, Expanding the business of ベリフォーマー, a sludge volume-reduction bioproduct, with future overseas expansion, Launching a new brand using product-dyeing technology, factoRe100 factory reorganization project, Making NSKエコーマーク a subsidiary, Business alliance with another company, Establishing a new company in China, DX investment |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesOrders 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 company explained that net income declined because the actual value of some of its unlisted shares had fallen significantly below their acquisition cost, resulting in the recognition of a ¥1,232 million impairment loss on investment securities as an extraordinary loss. Factors expected to reduce operating profit for the fiscal year ending March 2027 include ¥2,050 million related to the situation in the Middle East, ¥2,052 million in structural reform expenses and related costs, and ¥57 million from raw material and fuel price differentials.
How to read this page
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