Results for this period
Full year1 April 2025–31 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).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue increased due to steady shipments for new vessels, appropriate adjustments to selling prices, expanded sales of high-performance, high-value-added products, and a recovery in demand for industrial coatings. Despite higher selling expenses, including transportation costs, and investment in human resources, profitability improved through appropriate adjustments to selling prices and expanded sales of high-value-added and environmentally compatible products. Net income declined due to the absence of the ¥2,694 million in special gains recognized in the previous fiscal year, among other factors.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥139,364 million (YoY +6.3%) |
| Operating profit | ¥17,437 million (YoY +13.4%) |
| Ordinary income | ¥17,840 million (YoY +8.2%) |
| Profit attributable to owners of the parent | ¥10,995 million (YoY -19.9%) |
| Net income per share | ¥221.66 |
| Operating Margin | 12.5 |
| Equity ratio | End of the current fiscal period 60.6 / End of previous period 57.7 |
| Total assets | ¥157,560 million |
| Net assets | ¥101,780 million |
| Cash flows from operating activities | ¥14,418 million |
| Cash flows from investing activities | ¥1,562 million |
| Cash flows from financing activities | ¥-10,337 million |
| Cash and cash equivalents at end of period | ¥38,058 million |
| Full-year earnings forecast | Net Sales 140,000～160,000 / Operating profit Undecided / Ordinary income Undecided / Net income Undecided |
| Annual Dividend Forecast | ¥97 per share → ¥100 per share |
| Payout ratio | 50.1 |
| Shareholder Return Policy | Consolidated dividend payout ratio of at least 40%, a minimum annual dividend of ¥35 per share, and an average consolidated total shareholder return ratio on equity of at least 5% over the medium-term plan period. Under the new medium-term plan, the Company will implement progressive dividends starting from an annual dividend of ¥100 per share, with DOE of approximately 5% as a guideline. |
| Segment revenue | Segment Japan / Net Sales ¥44,939 million / Year on year against the same period last year ¥5.2 million, Segment China / Net Sales ¥22,908 million / Year on year against the same period last year ¥7.1 million, Segment South Korea / Net Sales ¥19,360 million / Year on year against the same period last year ¥-0.4 million, Segment Southeast Asia / Net Sales ¥20,208 million / Year on year against the same period last year ¥6.7 million, Segment Europe and the United States / Net Sales ¥31,946 million / Year on year against the same period last year ¥11.5 million |
| Segment profit | Segment Japan / Segment profit ¥3,287 million / Year on year against the same period last year ¥48 million, Segment China / Segment profit ¥2,968 million / Year on year against the same period last year ¥9.3 million, Segment South Korea / Segment profit ¥3,276 million / Year on year against the same period last year ¥28.8 million, Segment Southeast Asia / Segment profit ¥4,120 million / Year on year against the same period last year ¥7 million, Segment Europe and the United States / Segment profit ¥1,109 million / Year on year against the same period last year ¥-49.4 million |
| Regional sales | Region Japan / Net Sales ¥44,939 million / Year on year against the same period last year ¥5.2 million, Region China / Net Sales ¥22,908 million / Year on year against the same period last year ¥7.1 million, Region South Korea / Net Sales ¥19,360 million / Year on year against the same period last year ¥-0.4 million, Region Southeast Asia / Net Sales ¥20,208 million / Year on year against the same period last year ¥6.7 million, Region Europe and the United States / Net Sales ¥31,946 million / Year on year against the same period last year ¥11.5 million |
| Depreciation and amortization | ¥1,847 million |
| Impairment loss | ¥152 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥195 million, Gain on sale of investment securities ¥24 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Impairment Losses ¥152 million, Loss on sale of investment securities ¥3 million, Other ¥4 million |
| 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 |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts and institutional investors |
| Issued Shares at Period-End | 55,000,000 Shares |
| Treasury Shares at Period-End | 5,386,184 Shares |
| Factors Behind Changes in Business Performance | Revenue increased due to steady shipments for new vessels, appropriate adjustments to selling prices, expanded sales of high-performance, high-value-added products, and a recovery in demand for industrial coatings. Despite higher selling expenses, including transportation costs, and investment in human resources, profitability improved through appropriate adjustments to selling prices and expanded sales of high-value-added and environmentally compatible products. Net income declined due to the absence of the ¥2,694 million in special gains recognized in the previous fiscal year, among other factors. |
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.Net sales increased due to steady shipments for new vessels as shipbuilding volumes rose in China and Japan, appropriate adjustments to selling prices in line with manufacturing costs, growing demand for and expanded sales of high-performance, high-value-added products, and a recovery in demand for industrial coatings. Operating profit increased as profitability improved through appropriate adjustments to selling prices and expanded sales of high-value-added and environmentally compatible products, despite higher transportation costs and investment in human resources. Net income declined mainly because special gains of ¥2,694 million had been recognized in the previous fiscal year. The forecast for the next fiscal year covers net sales only because raw material costs and procurement remain highly uncertain amid heightened tensions in the Middle East.