Revised forecast
Fiscal year ending March 2028 · Full yearPrevious forecast published 9 May 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
While sales of residential equipment remained solid in fiscal 2025, results fell below plan due to lower sales of heating equipment, air-conditioning and home appliance equipment, higher raw material prices and labor costs, and increased related expenses associated with operational streamlining. The targets are being revised on the assumption that the challenging operating environment will continue from fiscal 2026 onward, including declining demand for petroleum combustion equipment and higher procurement prices.
| Item | Details |
|---|---|
| Net Sales | ¥87,800 million → ¥87,400 million（-0.5%） |
| Ordinary income | ¥2,000 million → ¥1,500 million（-25.0%） |
| Fiscal Period Covered | Fiscal year ending March 2028 |
| Period Covered | Full year |
| Publication date of previous forecast | 9 May 2025 |
| Previous-period results | Consolidated net sales: ¥85,338 million; consolidated ordinary profit: ¥1,316 million; consolidated ordinary profit margin: 1.5% (fiscal 2025, fiscal year ended March 2026) |
| Reason for the revision | While sales of residential equipment remained solid in fiscal 2025, results fell below plan due to lower sales of heating equipment, air-conditioning and home appliance equipment, higher raw material prices and labor costs, and increased related expenses associated with operational streamlining. The targets are being revised on the assumption that the challenging operating environment will continue from fiscal 2026 onward, including declining demand for petroleum combustion equipment and higher procurement prices. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (5)
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.In fiscal 2025, net sales and each profit measure fell below plan due to lower sales of heating equipment, air-conditioning and home appliance equipment, higher raw material prices and labor costs, and increased related expenses associated with operational streamlining. The targets were revised on the assumption that the challenging operating environment will continue from fiscal 2026 onward, including declining demand for petroleum combustion equipment and higher procurement prices, particularly for raw materials.