Results for this period
Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Lower sales volumes of overseas heavy-duty packaging bag and film products, lower revenue from the overseas business, higher depreciation associated with increased capital investment, and higher personnel expenses resulting from improved employee compensation and expanded human capital investment. Meanwhile, higher sales volumes of pulp-molded products, domestic heavy-duty packaging bags and corrugated products, together with sales price revisions, supported revenue.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | 23,487 million yen (YoY 0.0%) |
| Operating profit | 717 million yen (YoY -20.7%) |
| Ordinary income | 991 million yen (YoY -12.3%) |
| Profit attributable to owners of the parent | 724 million yen (YoY -23.4%) |
| Net income per share | ¥92.41 |
| Operating Margin | 3.1％ |
| Equity ratio | End of the current fiscal period 69.7％ / End of previous period 69.9％ |
| Total assets | 28,054 million yen |
| Net assets | 19,611 million yen |
| Cash flows from operating activities | 2,292 million yen |
| Cash flows from investing activities | -2,967 million yen |
| Cash flows from financing activities | -665 million yen |
| Cash and cash equivalents at end of period | 6,009 million yen |
| Full-year earnings forecast | Net Sales 24,323 million yen (YoY +3.6%) / Operating profit 392 million yen (YoY -45.4%) / Ordinary income 602 million yen (YoY -39.3%) / Profit attributable to owners of the parent 416 million yen (YoY -42.5%) |
| Annual Dividend Forecast | ¥52 per share → ¥52 per share（0.0%） |
| Payout ratio | 56.3% actual for the fiscal year ended March 2026, 98.0% forecast for the fiscal year ending March 2027 |
| Shareholder Return Policy | Balancing growth investment and shareholder returns (quantitative target: Not disclosed) |
| Segment revenue | Cushioning materials business 11,638 million yen (YoY +5.3%), Packaging functional materials business 11,401 million yen (YoY -4.9%) |
| Segment profit | Cushioning materials business 1,181 million yen (YoY +34.8%), Packaging functional materials business 626 million yen (YoY -32.7%) |
| Depreciation and amortization | 1,208 million yen |
| Impairment loss | 23 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 0 million yen, Insurance proceeds 234 million yen / Extraordinary loss Loss on Disposal of Fixed Assets 81 million yen, Impairment Losses 23 million yen |
| 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 |
| Changes in the scope of consolidation | Newly consolidated: 0 companies; excluded from consolidation: 0 companies (material changes to the scope of consolidation during the period: None) |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts) |
| Issued Shares at Period-End | 9,328,000 Shares |
| Treasury Shares at Period-End | 1,484,471 Shares |
| Factors Behind Changes in Business Performance | Lower sales volumes of overseas heavy-duty packaging bag and film products, lower revenue from the overseas business, higher depreciation associated with increased capital investment, and higher personnel expenses resulting from improved employee compensation and expanded human capital investment. Meanwhile, higher sales volumes of pulp-molded products, domestic heavy-duty packaging bags and corrugated products, together with sales price revisions, supported revenue. |
Items this document does not state (3)
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.Lower revenue from the overseas business, higher depreciation associated with increased capital investment, and higher personnel expenses resulting from improved employee compensation and expanded human capital investment reduced operating profit. For revenue, lower sales volumes of overseas heavy-duty packaging bag and film products were offset by higher sales volumes of pulp-molded products, domestic heavy-duty packaging bags and corrugated products, as well as sales price revisions.