Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
74.7
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedIFRSNet Sales879,462million yenYear on year +4.6%Progress 99.9%
Operating profit28,817million yenYear on year +74.7%Progress 80.0%
Ordinary income378¥ million (profit before tax)Progress 3.6%
Net income attributable to owners of the parent4,421million yen
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¥44.51
Operating Margin3.3%
Financial position at period-end
Total assets1,117,494million yen
of which net assets 185,519 million yenEquity ratio 13.5%vs. prior year-end +3.0pt
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.
Cash inflows and outflows
Operating+33,624
Investment-32,562
Financials-14,661
Net change-13,599
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.
Cash and cash equivalents at end of period55,101 million yen
Segment revenueSegment Architectural glass business / Current fiscal year 374,998 million yen / Previous period 363,025 million yen / yoy_pct Not disclosed, Segment Automotive glass business / Current fiscal year 457,222 million yen / Previous period 429,444 million yen / yoy_pct Not disclosed, Segment High-performance glass business / Current fiscal year 46,005 million yen / Previous period 46,584 million yen / yoy_pct Not disclosed, Segment Other / Current fiscal year 1,237 million yen / Previous period 1,348 million yen / yoy_pct Not disclosed
Segment profitSegment Architectural glass business / Current fiscal year 30,033 million yen / Previous period 13,574 million yen / yoy_pct Not disclosed, Segment Automotive glass business / Current fiscal year 4,995 million yen / Previous period 7,667 million yen / yoy_pct Not disclosed, Segment High-performance glass business / Current fiscal year 8,639 million yen / Previous period 7,568 million yen / yoy_pct Not disclosed, Segment Other / Current fiscal year -14,850 million yen / Previous period -12,318 million yen / yoy_pct Not disclosed
Regional salesRegion Europe / Current fiscal year 343,284 million yen / Previous period 312,711 million yen / yoy_pct Not disclosed, Region Asia / Current fiscal year 225,166 million yen / Previous period 237,403 million yen / yoy_pct Not disclosed, Region Americas / Current fiscal year 311,012 million yen / Previous period 290,287 million yen / yoy_pct Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net Sales880,000 million yen (YoY +0.1%)
Operating profit36,000 million yen (YoY +24.9%)
Ordinary income¥10,500 million (profit before tax)
Net income4,000 Millions of yen (profit for the period) (YoY -27.4%)
Profit attributable to owners of the parent3,000 million yen (YoY -32.1%)
Annual Dividend Forecast¥0.00 (actual for the fiscal year ending March 2026) → ¥0.00 (forecast for the fiscal year ending March 2027)
Factors Behind Changes in Business Performance
Revenue increased due to improvements in the Automotive Glass and Architectural Glass businesses. Operating profit rose mainly as a result of the improvement in the Architectural Glass business in Europe. In Europe, improved selling prices and cost reductions resulting from production shutdowns implemented in the previous fiscal year contributed to the increase, while operating profit in the Automotive Glass business declined due to factors including lower production efficiency at major production sites.
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
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNot applicable.
Impairment lossTotal 4,005 million yen / Breakdown Amount 3,422 million yen / Subject assets Goodwill (Automotive Glass business, North America), Amount 462 million yen / Subject assets Non-current assets (mainly property, plant and equipment in the Architectural Glass business in South America)
Breakdown of extraordinary income (loss)Income from separately disclosed items Item Gain on the sale of subsidiaries and businesses / Amount 1,770 million yen, Item Reversal of restructuring provisions / Amount 1,504 million yen, Item Gain on reversal of impairment losses on non-current assets / Amount 137 million yen / Expenses from separately disclosed items Item Goodwill Impairment Losses / Amount 3,422 million yen, Item Recycling losses associated with the sale of financial assets / Amount 2,200 million yen, Item Restructuring costs / Amount 1,713 million yen, Item Losses resulting from natural disasters (wildfires in Chile) / Amount 888 million yen, Item Impairment losses on non-current assets / Amount 462 million yen, Item Costs related to the resolution of litigation matters / Amount 121 million yen, Item Inventory write-downs / Amount 98 million yen, Item Other / Amount 21 million yen
Depreciation and amortizationProperty, Plant and Equipment 51,215 million yen / Amortization of intangible assets 2,952 million yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End142,319,262 Shares
Treasury Shares at Period-End36,922 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | 879,462 million yen (YoY +4.6%) |
| Operating profit | 28,817 million yen (YoY +74.7%) |
| Ordinary income | ¥378 million (profit before tax) |
| Profit attributable to owners of the parent | 4,421 million yen |
| Net income per share | ¥44.51 |
| Operating Margin | 3.3% |
| Equity ratio | End of the current fiscal period 13.5% / End of previous period 10.5% |
| Total assets | 1,117,494 million yen |
| Net assets | ¥185,519 million (total equity) |
| Cash flows from operating activities | 33,624 million yen |
| Cash flows from investing activities | -32,562 million yen |
| Cash flows from financing activities | -14,661 million yen |
| Cash and cash equivalents at end of period | 55,101 million yen |
| Full-year earnings forecast | Net Sales 880,000 million yen (YoY +0.1%) / Operating profit 36,000 million yen (YoY +24.9%) / Ordinary income ¥10,500 million (profit before tax) / Net income 4,000 Millions of yen (profit for the period) (YoY -27.4%) / Profit attributable to owners of the parent 3,000 million yen (YoY -32.1%) |
| Annual Dividend Forecast | ¥0.00 (actual for the fiscal year ending March 2026) → ¥0.00 (forecast for the fiscal year ending March 2027) |
| Segment revenue | Segment Architectural glass business / Current fiscal year 374,998 million yen / Previous period 363,025 million yen / yoy_pct Not disclosed, Segment Automotive glass business / Current fiscal year 457,222 million yen / Previous period 429,444 million yen / yoy_pct Not disclosed, Segment High-performance glass business / Current fiscal year 46,005 million yen / Previous period 46,584 million yen / yoy_pct Not disclosed, Segment Other / Current fiscal year 1,237 million yen / Previous period 1,348 million yen / yoy_pct Not disclosed |
| Segment profit | Segment Architectural glass business / Current fiscal year 30,033 million yen / Previous period 13,574 million yen / yoy_pct Not disclosed, Segment Automotive glass business / Current fiscal year 4,995 million yen / Previous period 7,667 million yen / yoy_pct Not disclosed, Segment High-performance glass business / Current fiscal year 8,639 million yen / Previous period 7,568 million yen / yoy_pct Not disclosed, Segment Other / Current fiscal year -14,850 million yen / Previous period -12,318 million yen / yoy_pct Not disclosed |
| Regional sales | Region Europe / Current fiscal year 343,284 million yen / Previous period 312,711 million yen / yoy_pct Not disclosed, Region Asia / Current fiscal year 225,166 million yen / Previous period 237,403 million yen / yoy_pct Not disclosed, Region Americas / Current fiscal year 311,012 million yen / Previous period 290,287 million yen / yoy_pct Not disclosed |
| Depreciation and amortization | Property, Plant and Equipment 51,215 million yen / Amortization of intangible assets 2,952 million yen |
| Impairment loss | Total 4,005 million yen / Breakdown Amount 3,422 million yen / Subject assets Goodwill (Automotive Glass business, North America), Amount 462 million yen / Subject assets Non-current assets (mainly property, plant and equipment in the Architectural Glass business in South America) |
| Breakdown of extraordinary income (loss) | Income from separately disclosed items Item Gain on the sale of subsidiaries and businesses / Amount 1,770 million yen, Item Reversal of restructuring provisions / Amount 1,504 million yen, Item Gain on reversal of impairment losses on non-current assets / Amount 137 million yen / Expenses from separately disclosed items Item Goodwill Impairment Losses / Amount 3,422 million yen, Item Recycling losses associated with the sale of financial assets / Amount 2,200 million yen, Item Restructuring costs / Amount 1,713 million yen, Item Losses resulting from natural disasters (wildfires in Chile) / Amount 888 million yen, Item Impairment losses on non-current assets / Amount 462 million yen, Item Costs related to the resolution of litigation matters / Amount 121 million yen, Item Inventory write-downs / Amount 98 million yen, Item Other / Amount 21 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 | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 142,319,262 Shares |
| Treasury Shares at Period-End | 36,922 Shares |
| Factors Behind Changes in Business Performance | Revenue increased due to improvements in the Automotive Glass and Architectural Glass businesses. Operating profit rose mainly as a result of the improvement in the Architectural Glass business in Europe. In Europe, improved selling prices and cost reductions resulting from production shutdowns implemented in the previous fiscal year contributed to the increase, while operating profit in the Automotive Glass business declined due to factors including lower production efficiency at major production sites. |
Items this document does not state (4)
Revision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlog
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 increased due to improvements in the Automotive Glass and Architectural Glass businesses, while operating profit rose mainly as a result of the improvement in the Architectural Glass business in Europe. In Europe, improved selling prices and cost reductions resulting from production shutdowns implemented in the previous fiscal year contributed to the increase.
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