Results for this period
Interim period (second quarter)1 April 2026 to 30 September 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.
Sales of heating equipment declined because distribution inventories were higher than in the previous year. Sales of air-conditioning and home appliances declined because window air-conditioner sales were sluggish, while sales of housing equipment declined amid aggressive competition and weak sales of mid-range products. In terms of profit, the decline in sales and the significant increase in purchase prices for raw materials and other items had an impact, while the Company worked to reduce costs through production streamlining and cut expenses.
None ("There are no applicable matters.")
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥39,517 million (YoY -1.7%) |
| Operating profit | ¥-675 million |
| Ordinary income | ¥-423 million |
| Profit attributable to owners of the parent | ¥-286 million |
| Net income per share | -¥9.79 |
| Equity ratio | End of the current fiscal period 77.1 / End of previous period 77.6 |
| Total assets | ¥100,513 million |
| Net assets | ¥77,523 million |
| Cash flows from operating activities | ¥-2,033 million |
| Cash flows from investing activities | ¥1,519 million |
| Cash flows from financing activities | ¥-409 million |
| Cash and cash equivalents at end of period | ¥9,007 million |
| Full-year earnings forecast | Net Sales ¥84,500 million (YoY -1.0%) / Operating profit ¥-400 million / Ordinary income ¥100 million (YoY -92.4%) / Profit attributable to owners of the parent ¥100 million (YoY -89.9%) |
| Annual Dividend Forecast | 28 Yen → 28 Yen（0.0%） |
| Depreciation and amortization | ¥989 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1 million, Gain on sale of investment securities ¥77 million / Extraordinary loss Loss on retirement of non-current assets ¥1 million, Loss on sale of investment securities ¥0 million |
| Disclosure regarding the going concern assumption | None ("There are no applicable matters.") |
| 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 | No |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 29,342,454 |
| Treasury Shares at Period-End | 68,679 |
| Factors Behind Changes in Business Performance | Sales of heating equipment declined because distribution inventories were higher than in the previous year. Sales of air-conditioning and home appliances declined because window air-conditioner sales were sluggish, while sales of housing equipment declined amid aggressive competition and weak sales of mid-range products. In terms of profit, the decline in sales and the significant increase in purchase prices for raw materials and other items had an impact, while the Company worked to reduce costs through production streamlining and cut expenses. |
Items this document does not state (10)
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 full-year forecast was revised after taking recent performance trends and the outlook into consideration. The deterioration in profit in the first half was attributed to the decline in net sales and the significant increase in purchase prices for raw materials and other items. At the same time, the Company said it worked to reduce costs through production streamlining and to cut expenses, including selling, general and administrative expenses.