Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 31 July 2026The 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.
For the interim period, both revenue and earnings exceeded the previously disclosed figures due to selling prices being higher than assumed and increased profits at consolidated subsidiaries. For the full year, the revenue forecast was revised upward in light of the first-half results exceeding expectations and expectations of higher selling prices and increased sales volumes in the second half, while the earnings forecast was revised downward because the decline in second-half earnings due to higher purchased-product prices and other factors was expected to be greater. The dividend forecast was revised based on the dividend policy and the downward revision to the earnings forecast figures.
| Item | Details |
|---|---|
| Net Sales | Interim period 151,900 / Full year 310,000 → Six-month results 162,572 / Full year 330,000（Interim period 7 / Full year 6.5） |
| Operating profit | Interim period 6,000 / Full year 17,500 → Six-month results 7,336 / Full year 15,000（Interim period 22.3 / Full year -14.3） |
| Profit attributable to owners of the parent | Interim period 4,000 / Full year 11,300 → Six-month results 5,299 / Full year 10,000（Interim period 32.5 / Full year -11.5） |
| Net income per share | Interim period 62.48 / Full year 176.51 → Six-month results 82.78 / Full year 156.18 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 31 July 2026 |
| Previous-period results | For the interim period of the fiscal year ending March 2026: revenue of ¥149,808 million, operating profit of ¥8,784 million, profit before tax of ¥9,305 million, interim profit attributable to owners of the parent of ¥5,605 million, and basic interim earnings per share of ¥82.98. For the fiscal year ending March 2026: revenue of ¥304,341 million, operating profit of ¥17,371 million, profit before tax of ¥18,485 million, profit attributable to owners of the parent of ¥11,248 million, and basic earnings per share of ¥170.63. |
| Reason for the revision | For the interim period, both revenue and earnings exceeded the previously disclosed figures due to selling prices being higher than assumed and increased profits at consolidated subsidiaries. For the full year, the revenue forecast was revised upward in light of the first-half results exceeding expectations and expectations of higher selling prices and increased sales volumes in the second half, while the earnings forecast was revised downward because the decline in second-half earnings due to higher purchased-product prices and other factors was expected to be greater. The dividend forecast was revised based on the dividend policy and the downward revision to the earnings forecast figures. |
| Dividend forecast revision | The year-end dividend forecast changed from ¥75.00 to ¥67.00, and the annual dividend forecast changed from ¥150.00 to ¥142.00. The actual interim dividend was ¥75.00. The ordinary dividend was ¥64 (¥36 interim and ¥28 year-end), and the special dividend was ¥78 (¥39 for both the interim and year-end dividends). |
| 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.For the interim period, revenue and earnings exceeded the forecasts because selling prices were higher than assumed and profits at consolidated subsidiaries increased. For the full year, the revenue forecast was revised upward based on the first-half results, together with expectations of higher selling prices and increased sales volumes in the second half. Meanwhile, the earnings forecast was revised downward because the decline in second-half earnings due to higher purchased-product prices and other factors was expected to be greater. The dividend forecast was revised based on the policy of considering business performance, financial position and the dividend payout ratio while securing retained earnings, as well as on the downward revision to the earnings forecast.