Revised forecast
Fiscal year ending May 2026 · Full yearPrevious forecast published 7 April 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
The company experienced a decline following the demand surge ahead of amendments to the Building Standards Act, soaring construction and material costs, the postponement, cancellation and downsizing of projects, and higher costs including logistics expenses. At the same time, it pursued reforms to its earnings structure, price revisions and cost reductions. It also recorded extraordinary losses including impairment losses resulting from the surge in aluminum ingot prices amid the situation in the Middle East.
Impairment losses of ¥16,761 million, business-structure reform expenses of ¥3,342 million, and provision for disaster losses of ¥45 million, among others. The body of the disclosure states that impairment losses on fixed assets related to the building materials business totaled ¥16,219 million.
| Item | Details |
|---|---|
| Net Sales | ¥355,500 million → Not disclosed |
| Operating profit | ¥1,000 million → Not disclosed |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 7 April 2026 |
| Previous-period results | Results for the fiscal year ended May 2025: revenue of ¥359,424 million, operating profit of ¥1,545 million, ordinary profit of ¥944 million, net loss attributable to owners of the parent of ¥2,336 million, and net loss per share of ¥74.54. |
| Reason for the revision | The company experienced a decline following the demand surge ahead of amendments to the Building Standards Act, soaring construction and material costs, the postponement, cancellation and downsizing of projects, and higher costs including logistics expenses. At the same time, it pursued reforms to its earnings structure, price revisions and cost reductions. It also recorded extraordinary losses including impairment losses resulting from the surge in aluminum ingot prices amid the situation in the Middle East. |
| Details and amount of extraordinary loss | Impairment losses of ¥16,761 million, business-structure reform expenses of ¥3,342 million, and provision for disaster losses of ¥45 million, among others. The body of the disclosure states that impairment losses on fixed assets related to the building materials business totaled ¥16,219 million. |
| Dividend forecast revision | For the fiscal year ending May 2027, the company plans to pay an interim dividend of ¥12.5 per share and a year-end dividend of ¥12.5 per share, for an annual dividend of ¥25 per share. The disclosure does not state that this represents a revision. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (3)
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 fiscal year ended May 2026, the company cited a decline following the demand surge ahead of amendments to the Building Standards Act, soaring construction and material costs, the postponement, cancellation and downsizing of major customer projects, and higher costs including logistics expenses. Although it also pursued reforms to its earnings structure, price revisions and cost reductions, it recorded extraordinary losses including impairment losses resulting from the surge in aluminum ingot prices amid the situation in the Middle East. For the fiscal year ending May 2027, the company assumes a recovery in demand and the continuation of its earnings-structure reforms, while expecting supply chain disruptions and elevated raw material prices to persist.