Revised forecast
Fiscal year ending March 2027 · Full yearPrevious forecast published 13 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Net sales and business profit are expected to increase due to the earnings contribution following the addition of 水 ing株式会社 as a consolidated subsidiary, among other factors, while financial income is expected to increase as a result of higher fair values of financial assets held. The company recognized ¥97.5 billion in financial income in the first quarter, but market prices continue to fluctuate, and financial income for the fiscal year is expected to be lower than the first-quarter result as of the fiscal year-end.
| Item | Details |
|---|---|
| Net Sales | ¥1,366,000 million → ¥1,445,000 million（+5.8%） |
| Operating profit | ¥77,800 million → ¥84,500 million（+8.6%） |
| Profit attributable to owners of the parent | ¥60,000 million → ¥85,500 million（+42.5%） |
| Net income per share | ¥229.26 → ¥329.00 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 May 2026 |
| Previous-period results | Net sales: ¥1,124,878 million; business profit: ¥84,134 million; operating profit: ¥75,805 million; profit before tax: ¥107,245 million; profit attributable to owners of the parent: ¥76,573 million; basic earnings per share: ¥295.46 |
| Reason for the revision | Net sales and business profit are expected to increase due to the earnings contribution following the addition of 水 ing株式会社 as a consolidated subsidiary, among other factors, while financial income is expected to increase as a result of higher fair values of financial assets held. The company recognized ¥97.5 billion in financial income in the first quarter, but market prices continue to fluctuate, and financial income for the fiscal year is expected to be lower than the first-quarter result as of the fiscal year-end. |
| Dividend forecast revision | The interim dividend on common shares was increased from ¥50 to ¥65, the year-end dividend from ¥50 to ¥67, and the annual dividend from ¥100 to ¥132. The dividend forecast for bond-type class shares remains unchanged. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.The revisions are based on expected increases in net sales and business profit, including the earnings contribution following the addition of 水 ing株式会社 as a consolidated subsidiary, as well as expected growth in financial income resulting from higher fair values of financial assets held. Following the increase in the profit forecast, the dividend forecast was also raised in line with the company's shareholder return policy of a dividend payout ratio of at least 40% and a minimum dividend of ¥90.