Results for this period
Third quarter1 January 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.
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 main factors were expanded sales in the hot-water heating and air-conditioning, non-residential and kitchen sectors in the domestic business; the overseas business's decline in revenue due to the sluggish Chinese property market and other factors, which could not be fully offset by higher revenue in North America and Australia; and the recognition of a ¥6,687 million gain on sales of investment securities in net income.
Not applicable
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 30 September 2026 |
| Net Sales | ¥147,499 million (YoY +3.4%) |
| Operating profit | ¥1,003 million (YoY +24.1%) |
| Ordinary income | ¥1,445 million (YoY -18.1%) |
| Profit attributable to owners of the parent | ¥5,855 million (YoY +771.7%) |
| Equity ratio | End of the current fiscal period 60.5 / End of previous period Not disclosed |
| Total assets | ¥230,150 million |
| Net assets | ¥144,092 million |
| Segment revenue | Domestic business ¥102,175 million (YoY +7.9%), Overseas Business ¥45,323 million (YoY -5.5%) |
| Segment profit | Domestic business ¥622 million, Overseas Business ¥381 million (YoY -62.7%) |
| Depreciation and amortization | ¥6,990 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥6,687 million / Extraordinary loss Loss on disposal of fixed assets ¥147 million, Impairment loss on investment securities ¥251 million |
| Disclosure regarding the going concern assumption | Not applicable |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate Yes / Restatement No |
| Factors Behind Changes in Business Performance | The main factors were expanded sales in the hot-water heating and air-conditioning, non-residential and kitchen sectors in the domestic business; the overseas business's decline in revenue due to the sluggish Chinese property market and other factors, which could not be fully offset by higher revenue in North America and Australia; and the recognition of a ¥6,687 million gain on sales of investment securities in net income. |
Items this document does not state (20)
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 the domestic business, revenue increased as sales expanded in the hot-water heating and air-conditioning, non-residential and kitchen sectors, and high-value-added products grew. Segment profit turned profitable, mainly due to the effect of higher revenue. In the overseas business, the sluggish Chinese property market, distribution inventory adjustments, the transition to new sales channels and higher raw material prices reduced profit, but North America and Australia reported higher revenue and profit due to expanded sales and price revisions. Net income increased mainly due to the recognition of a ¥6,687 million gain on sales of investment securities.