Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-314
Millions of yen (year-on-year change in consolidated operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥38,968 million+7.2%
Operating profit¥1,910 million-14.1%
Ordinary income¥2,097 million-7.2%
Net income¥590 million -67.1%net income attributable to owners of the parent
Gross Profit Margin38.8%
Operating profit margin4.9%
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥42,000 million
Operating profit
¥3,000 million
Ordinary income
¥3,000 million
Net income
¥2,000 million net income attributable to owners of the parent
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in gross profit from higher revenue¥934 million
- Change in the cost ratio¥-300 million
- Increase in SG&A expenses¥-300 million
- Foreign Exchange Effects¥-647 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Household sewing machine market sizeAssumptionsThe market size for the fiscal years ending March 2026 and March 2027 is assumed to be the same as in the fiscal year ending March 2025 when calculating the shares for those periods.
New initiatives
- Expand operations in India, a key market, through a capital increase by the local subsidiary
- Revise pricing and improve costs in the die-casting business
- Standardize equipment-based products into standard packages
- Sequentially renew core systems
- Strengthen support systems for new product launches and distributors
Key KPIsA metric the company considers important as a management benchmark.
- Sewing machine sales volume (North America)54 10,000 unitsYear-on-year change1.1
- Sewing machine sales volume (Europe)19 10,000 unitsYear-on-year change-5.5
- Sewing machine sales volume (Oceania)8 10,000 unitsYear-on-year change0.2
- Sewing machine sales volume (Latin America)Year-on-year change0.3
- Sewing machine sales volume (Asia)Year-on-year change-5.6
- Sewing machine sales volume (Middle East)Year-on-year change-0.5
- Sewing machine sales volume (Japan)8 10,000 unitsYear-on-year change1.7
- ROE1.7 %Year-on-year change-3.5
- PBR0.61 timesYear-on-year change0.07
Segment results
Household equipment
Net Sales
¥29,787 million+3.5%
Operating profit
¥1,854 million
Year-on-year change-304
Industrial Equipment
Net Sales
¥6,155 million+27.1%
Operating profit
¥-543 million
Year-on-year change-120
IT-related
Net Sales
¥2,896 million+14.5%
Operating profit
¥537 million
Year-on-year change136
Other
Net Sales
¥128 million-34.4%
Operating profit
¥62 million
Year-on-year change-25
Medium-term management plan targets
- ROETarget8% or higherFY3/26 results1.7%
- PBRTargetAt least 1xFY3/26 results0.61x
Financial targets
ROETarget: at least 8%; fiscal year ending March 2026 actual: 1.7%
PBRTarget: at least 1x; fiscal year ending March 2026 actual: 0.61x
Market Size / Share
- RegionNorth America, Europe, Oceania, and Latin AmericaCompany sales volume540,000 unitsShare16.0% (estimate for the fiscal year ending March 2026)
- RegionAsia, the Middle East, and AfricaCompany sales volume190,000 unitsShare7.6% (estimate for the fiscal year ending March 2026)
- RegionJapanCompany sales volume80,000 unitsShare28.5% (estimate for the fiscal year ending March 2026)
Annual Dividend
Fiscal year ending March 2026¥55 (planned)
Fiscal year ending March 2027¥60 (forecast)
Payout ratio
Consolidated payout ratio of at least 40% as a guideline. Total payout ratio for the fiscal year ending March 2026: 433.7%; fiscal year ending March 2027 forecast: N/AAcquisition of treasury shares
Acquisition amountApproximately ¥1.5 billion acquired (17 November 2025 to 9 April 2026)
Period17 November 2025 to 9 April 2026
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥38,968 million (YoY +7.2%) |
| Operating profit | ¥1,910 million (YoY -14.1%) |
| Ordinary income | ¥2,097 million (YoY -7.2%) |
| Net income | ¥590 million (net income attributable to owners of the parent) (YoY -67.1%) |
| Gross Profit Margin | 38.8% |
| Operating profit margin | 4.9% |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥42,000 million / Operating profit ¥3,000 million / Ordinary income ¥3,000 million / Net income ¥2,000 million (net income attributable to owners of the parent) |
| Segment results | Household equipment Net Sales ¥29,787 million (YoY +3.5%) / Operating profit ¥1,854 million / Industrial Equipment Net Sales ¥6,155 million (YoY +27.1%) / Operating profit ¥-543 million / IT-related Net Sales ¥2,896 million (YoY +14.5%) / Operating profit ¥537 million / Other Net Sales ¥128 million (YoY -34.4%) / Operating profit ¥62 million |
| Breakdown of Factors Affecting the Change | Factors Increase in gross profit from higher revenue / Amount ¥934 million, Factors Change in the cost ratio / Amount ¥-300 million, Factors Increase in SG&A expenses / Amount ¥-300 million, Factors Foreign Exchange Effects / Amount ¥-647 million |
| Key KPIs | Indicator name Sewing machine sales volume (North America) / Value 54 10,000 units / Year-on-year change 1.1 10,000 units, Indicator name Sewing machine sales volume (Europe) / Value 19 10,000 units / Year-on-year change -5.5 10,000 units, Indicator name Sewing machine sales volume (Oceania) / Value 8 10,000 units / Year-on-year change 0.2 10,000 units, Indicator name Sewing machine sales volume (Latin America) / Value Not disclosed / Year-on-year change 0.3, Indicator name Sewing machine sales volume (Asia) / Value Not disclosed / Year-on-year change -5.6, Indicator name Sewing machine sales volume (Middle East) / Value Not disclosed / Year-on-year change -0.5, Indicator name Sewing machine sales volume (Japan) / Value 8 10,000 units / Year-on-year change 1.7 10,000 units, Indicator name ROE / Value 1.7 % / Year-on-year change -3.5 %, Indicator name PBR / Value 0.61 times / Year-on-year change 0.07 times |
| Assumptions Underlying the Business Outlook | Item Household sewing machine market size / Assumptions The market size for the fiscal years ending March 2026 and March 2027 is assumed to be the same as in the fiscal year ending March 2025 when calculating the shares for those periods. |
| Medium-term management plan targets | Item ROE / Target 8% or higher / Target fiscal year Not disclosed / FY3/26 results 1.7%, Item PBR / Target At least 1x / Target fiscal year Not disclosed / FY3/26 results 0.61x |
| Financial targets | ROE Target: at least 8%; fiscal year ending March 2026 actual: 1.7% / PBR Target: at least 1x; fiscal year ending March 2026 actual: 0.61x / Other Not disclosed |
| Annual Dividend | Fiscal year ending March 2026 ¥55 (planned) / Fiscal year ending March 2027 ¥60 (forecast) / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Consolidated payout ratio of at least 40% as a guideline. Total payout ratio for the fiscal year ending March 2026: 433.7%; fiscal year ending March 2027 forecast: N/A |
| Acquisition of treasury shares | Acquisition amount Approximately ¥1.5 billion acquired (17 November 2025 to 9 April 2026) / Buyback limit Not disclosed / Number of shares acquired Not disclosed / Period 17 November 2025 to 9 April 2026 |
| Market Size / Share | Region North America, Europe, Oceania, and Latin America / Company sales volume 540,000 units / Share 16.0% (estimate for the fiscal year ending March 2026), Region Asia, the Middle East, and Africa / Company sales volume 190,000 units / Share 7.6% (estimate for the fiscal year ending March 2026), Region Japan / Company sales volume 80,000 units / Share 28.5% (estimate for the fiscal year ending March 2026) |
| New initiatives | Expand operations in India, a key market, through a capital increase by the local subsidiary, Revise pricing and improve costs in the die-casting business, Standardize equipment-based products into standard packages, Sequentially renew core systems, Strengthen support systems for new product launches and distributors |
Items this document does not state (11)
Selling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogKey points of the Q&A
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.Operating profit declined by ¥314 million. This reflected a ¥934 million increase in gross profit from higher revenue, offset by a ¥300 million impact from changes in the cost ratio, a ¥300 million increase in SG&A expenses, and a ¥647 million foreign-exchange impact. The materials do not provide specific reasons for the decline in net income.
How to read this page
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