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How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥18,958 million+11.8%
Operating profit¥148 million-28.4%
Ordinary income¥1,113 million+45.5%
Net income¥549 million+63.1%
Results for the three months of the current quarterRevenue: ¥18,958 million; operating profit: ¥148 million; operating profit after adjustment for foreign exchange gains and losses: ¥850 million; ordinary profit: ¥1,113 million; profit attributable to owners of the parent for the quarter: ¥549 million
Full-year earnings forecast
Net Sales
¥80,000 million
Operating profit
¥3,400 million
Operating profit after adjusting for foreign exchange gains and losses
¥5,300 million
Ordinary income
¥4,900 million
Profit attributable to owners of the parent
¥3,400 million
Units sold (garment manufacturing business)
7,000 10,000 passes
Yards sold (lamination film business)
1,500 10,000 yards
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 Sales23.7%
Operating profit4.4%
Operating profit after adjusting for foreign exchange gains and losses16.0%
Ordinary income22.7%
Profit attributable to owners of the parent16.2%
Units sold (garment manufacturing business)20.3%
Yards sold (lamination film business)25.0%
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average USD exchange rate during the period¥151.3
USD exchange rate at period-end¥152.0
Average yuan exchange rate during the period¥21.2
New initiatives
- Expansion of production lines in the garment manufacturing business
- Expansion of the workforce in the garment manufacturing business
- Skills enhancement through strengthened technical training
- Holding trade shows
Key KPIsA metric the company considers important as a management benchmark.
- Units sold (garment manufacturing business)1,418 10,000 passesYear on year against the same period last year+12.0%
- Yards sold (lamination film business)374 10,000 yardsYear on year against the same period last year-14.1%
Segment results
Sewing business
Net Sales
¥16,585 million+16.2%
Segment profit
¥1,278 million+47.1%
Lamination film business
Net Sales
¥2,372 million-11.8%
Segment profit
¥116 million-66.6%
Financial targets
Equity ratio
Actual results51.1%
Debt-to-equity ratio
Actual results0.53x
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥18,958 million (YoY +11.8%) |
| Operating profit | ¥148 million (YoY -28.4%) |
| Ordinary income | ¥1,113 million (YoY +45.5%) |
| Net income | ¥549 million (YoY +63.1%) |
| Results for the three months of the current quarter | Revenue: ¥18,958 million; operating profit: ¥148 million; operating profit after adjustment for foreign exchange gains and losses: ¥850 million; ordinary profit: ¥1,113 million; profit attributable to owners of the parent for the quarter: ¥549 million |
| Full-year earnings forecast | Net Sales ¥80,000 million / Operating profit ¥3,400 million / Operating profit after adjusting for foreign exchange gains and losses ¥5,300 million / Ordinary income ¥4,900 million / Profit attributable to owners of the parent ¥3,400 million / Units sold (garment manufacturing business) 7,000 10,000 passes / Yards sold (lamination film business) 1,500 10,000 yards |
| Progress against full-year forecast | Net Sales 23.7% / Operating profit 4.4% / Operating profit after adjusting for foreign exchange gains and losses 16.0% / Ordinary income 22.7% / Profit attributable to owners of the parent 16.2% / Units sold (garment manufacturing business) 20.3% / Yards sold (lamination film business) 25.0% |
| Segment results | Sewing business Net Sales ¥16,585 million (YoY +16.2%) / Segment profit ¥1,278 million (YoY +47.1%) / Lamination film business Net Sales ¥2,372 million (YoY -11.8%) / Segment profit ¥116 million (YoY -66.6%) |
| Key KPIs | Indicator name Units sold (garment manufacturing business) / Value 1,418 10,000 passes / Year on year against the same period last year +12.0%, Indicator name Yards sold (lamination film business) / Value 374 10,000 yards / Year on year against the same period last year -14.1% |
| Assumptions Underlying the Business Outlook | Average USD exchange rate during the period ¥151.3 / USD exchange rate at period-end ¥152.0 / Average yuan exchange rate during the period ¥21.2 |
| Financial targets | Equity ratio Actual results 51.1% / Debt-to-equity ratio Actual results 0.53x |
| New initiatives | Expansion of production lines in the garment manufacturing business, Expansion of the workforce in the garment manufacturing business, Skills enhancement through strengthened technical training, Holding trade shows |
Items this document does not state (17)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition 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 garment manufacturing business, revenue increased as orders for casualwear and workwear grew, production lines were expanded, staffing was increased, and technical training was strengthened. Profit was affected by upfront costs associated with expanding production capacity and the time required for the new lines to improve productivity. The lamination film business was affected by weak conditions in the Chinese market, a delay in the recovery in demand, a review of the customer mix, lower production volumes, and persistently high raw material costs. Ordinary profit and net income increased due to the recognition of foreign exchange gains as the period ended with the yen at weaker levels.
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