Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
19.8
Year-on-year decline in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 June 2025–28 February 2026Non-consolidated (standalone)Japanese GAAPNet Sales8,268¥ millionYear on year -4.7%Progress 71.3%
Operating profit717¥ millionYear on year -19.8%Progress 79.7%
Ordinary income848¥ millionYear on year -14.7%Progress 84.8%
Net income attributable to owners of the parent618¥ millionYear on year -9.2%Progress 88.3%
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¥133.20
Financial position at period-end
Total assets18,656¥ million
of which net assets 14,759 ¥ millionEquity ratio 79.1%vs. prior year-end +1.1pt
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.
Segment revenuePaperboard business ¥7,232 million (YoY -5.4%), Decorative corrugated board business ¥1,036 million (YoY +0.1%)
Segment profitPaperboard business ¥721 million (YoY -22.2%), Decorative corrugated board business ¥-4 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥11,600 million (YoY +0.7%)
Operating profit¥900 million (YoY -12.8%)
Ordinary income¥1,000 million (YoY -12.9%)
Net income¥700 million (YoY -12.4%)
Annual Dividend Forecast¥40.00 → ¥50.00（+25.0%）
Factors Behind Changes in Business Performance
Revenue declined as paperboard sales volumes fell year on year, while profit declined due to the impact of lower revenue and increases in labor costs and other fixed costs. In the paperboard business, domestic demand for paperboard lacked strength, and sales volumes declined 1.4%. In the decorative corrugated board business, the effects of weather and slower growth in digital printing machine products were offset in part by the effects of product price revisions.
Disclosure regarding the going concern assumption
Not applicable.
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
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥6,999 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥47 thousand
Depreciation and amortization¥232,008 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End5,500,000 Shares
Treasury Shares at Period-End855,076 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 June 2025–28 February 2026 |
| Net Sales | ¥8,268 million (YoY -4.7%) |
| Operating profit | ¥717 million (YoY -19.8%) |
| Ordinary income | ¥848 million (YoY -14.7%) |
| Profit attributable to owners of the parent | ¥618 million (YoY -9.2%) |
| Net income per share | ¥133.20 |
| Equity ratio | End of the current fiscal period 79.1 / End of previous period 78 |
| Total assets | ¥18,656 million |
| Net assets | ¥14,759 million |
| Full-year earnings forecast | Net Sales ¥11,600 million (YoY +0.7%) / Operating profit ¥900 million (YoY -12.8%) / Ordinary income ¥1,000 million (YoY -12.9%) / Net income ¥700 million (YoY -12.4%) |
| Annual Dividend Forecast | ¥40.00 → ¥50.00（+25.0%） |
| Segment revenue | Paperboard business ¥7,232 million (YoY -5.4%), Decorative corrugated board business ¥1,036 million (YoY +0.1%) |
| Segment profit | Paperboard business ¥721 million (YoY -22.2%), Decorative corrugated board business ¥-4 million |
| Depreciation and amortization | ¥232,008 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥6,999 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥47 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 5,500,000 Shares |
| Treasury Shares at Period-End | 855,076 Shares |
| Factors Behind Changes in Business Performance | Revenue declined as paperboard sales volumes fell year on year, while profit declined due to the impact of lower revenue and increases in labor costs and other fixed costs. In the paperboard business, domestic demand for paperboard lacked strength, and sales volumes declined 1.4%. In the decorative corrugated board business, the effects of weather and slower growth in digital printing machine products were offset in part by the effects of product price revisions. |
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidationMaterial 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.Revenue declined as paperboard sales volumes fell year on year, while profit declined due to the impact of lower revenue and increases in labor costs and other fixed costs.
How to read this page
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