Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 29 August 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Consolidated net sales fell below the forecast due mainly to the failure to achieve the planned sales volume for fertilizers, while operating income and ordinary income exceeded the forecast owing to the early generation of income from the Shibuya building and cost improvements in the fertilizer business. The net loss attributable to owners of the parent narrowed because the provision for structural reform costs was lower than anticipated. Non-consolidated net sales exceeded the previous fiscal year due to price revisions and higher sales volume in the fertilizer business, as well as contributions from rental income in the real estate business, while profits fell below the previous fiscal year owing to system-related costs, the impact of inventory valuation, and the recognition of structural reform costs.
The filing refers to a provision for structural reform costs and the recognition of structural reform costs, but does not state the amount.
| Item | Details |
|---|---|
| Net Sales | ¥45,000 million → ¥42,651 million（-5.2%） |
| Operating profit | ¥450 million → ¥504 million（+12.2%） |
| Ordinary income | ¥240 million → ¥371 million（+54.8%） |
| Profit attributable to owners of the parent | ¥-2,000 million → ¥-1,227 million |
| Net income per share | -223.27 yen → -136.99 yen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 29 August 2025 |
| Previous-period results | Consolidated: For the fiscal year ended March 2025, net sales were ¥41,369 million, operating income was ¥650 million, ordinary income was ¥672 million, net income attributable to owners of the parent was ¥350 million, and net income per share was ¥39.09. Non-consolidated: For the fiscal year ended March 2025, net sales were ¥37,973 million, operating income was ¥525 million, ordinary income was ¥601 million, net income was ¥308 million, and net income per share was ¥34.42. |
| Reason for the revision | Consolidated net sales fell below the forecast due mainly to the failure to achieve the planned sales volume for fertilizers, while operating income and ordinary income exceeded the forecast owing to the early generation of income from the Shibuya building and cost improvements in the fertilizer business. The net loss attributable to owners of the parent narrowed because the provision for structural reform costs was lower than anticipated. Non-consolidated net sales exceeded the previous fiscal year due to price revisions and higher sales volume in the fertilizer business, as well as contributions from rental income in the real estate business, while profits fell below the previous fiscal year owing to system-related costs, the impact of inventory valuation, and the recognition of structural reform costs. |
| Details and amount of extraordinary loss | The filing refers to a provision for structural reform costs and the recognition of structural reform costs, but does not state the amount. |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
Items this document does not state (1)
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.On a consolidated basis, net sales fell below the forecast due mainly to the failure to achieve the planned sales volume for fertilizers, while operating income and ordinary income exceeded the forecast owing to the early generation of income from the Shibuya building and cost improvements in the fertilizer business. In addition, the provision for structural reform costs was lower than anticipated, resulting in a narrower net loss. On a non-consolidated basis, net sales increased due to price revisions and higher sales volume in the fertilizer business and rental income from the real estate business, while profits declined owing to costs related to the new core system, the impact of inventory valuation, and the recognition of structural reform costs.