Higher revenue and profit in the Water Supply Equipment and Housing Equipment Businesses

「〔Water Supply Equipment business〕\nIn the Water Supply Equipment business, sales driven mainly by demand brought forward ahead of the price revision increased due to the impact of the price revision implemented in April 2026, and net sales rose 6.5% year on year to ¥8,841 million. Segment profit remained under pressure from the sharp rise in copper prices, a key raw material, but increased sales led to a 2.9% year-on-year increase to ¥2,623 million.\n〔Residential and Building Equipment business〕\nIn the Residential and Building Equipment business, new housing starts recovered to a certain level, while demand driven by concerns about shortages resulting from the situation in the Middle East also contributed. Net sales rose 2.7% year on year to ¥6,319 million. Segment profit was under pressure from higher raw-material costs due to the sharp rise in crude oil and naphtha prices, but increased sales led to a 4.9% year-on-year increase to ¥1,069 million.」

「[Water Supply Equipment business] The Water Supply Equipment business continues efforts to apply appropriate sales prices, but higher material prices and wages have affected pipeline replacement work ordered by water utilities, while demand for new housing also remains sluggish. As a result, segment revenue was ¥16,860 million and segment profit was ¥5,080 million. [Housing and Building Equipment business] Although new housing starts have been trending downward, sales of heating components and the effects of sales price revisions have contributed to earnings, while overall costs have been trending upward. As a result, segment revenue was ¥12,143 million and segment profit was ¥2,049 million.」

「[Water Supply Equipment business]\nThe Water Supply Equipment business continues efforts to apply appropriate sales prices, but higher material prices and wages have affected pipeline replacement work ordered by water utilities, while demand for new housing also remains sluggish. As a result, segment revenue was ¥8,305 million and segment profit was ¥2,549 million.\n[Housing and Building Equipment business]\nAlthough new housing starts have been trending downward, sales of heating components for gas companies are increasing steadily. As a result, segment revenue was ¥6,151 million and segment profit was ¥1,019 million.」

「[Water Supply Equipment business]\nAlthough new housing starts were below the prior-year level, the Water Supply Equipment business increased revenue 0.4% from the previous fiscal year to ¥17,070 million owing to the effects of sales price revisions. Although copper prices, a major raw material, were high, segment profit increased 5.7% to ¥5,381 million owing to the effects of sales price revisions.\n[Housing and Building Equipment business]\nRevenue decreased 0.3% from the previous fiscal year to ¥12,316 million as new housing starts remained sluggish. Segment profit increased 8.6% to ¥2,128 million owing to the effects of sales price revisions.」

「Although new housing starts remained sluggish, the Water Supply Equipment business increased revenue 2.7% year on year to ¥8,509 million owing to the effects of sales price revisions. Although copper prices, a major raw material, were high, segment profit increased 10.2% to ¥2,772 million owing to the effects of sales price revisions.\nIn the Housing and Building Equipment business, revenue decreased 2.6% year on year to ¥5,969 million as new housing starts remained sluggish. Segment profit decreased 1.7% to ¥992 million owing to lower revenue.」

「In the water supply equipment business, although new housing starts remained sluggish, sales rose 4.6% year on year to ¥17,006 million due to the effects of selling price revisions. Although copper prices, a major raw material, remained elevated, segment profit rose 17.5% year on year to ¥5,090 million due to the effects of selling price revisions.」

「[Water Supply Equipment business]\nAlthough new housing starts remained sluggish, the Water Supply Equipment business increased revenue 3.5% year on year to ¥12,886 million owing to the effects of sales price revisions. Although copper prices, a major raw material, remained high, segment profit increased 20.6% to ¥3,895 million owing to the effects of sales price revisions.\n[Housing and Building Equipment business]\nAlthough new housing starts were below the year-earlier level, the Housing and Building Equipment business increased revenue 0.3% year on year to ¥9,450 million owing to the effects of sales price revisions and concentrated deliveries of water supply and hot-water piping system products for condominiums and other multi-unit housing. Segment profit decreased 2.1% to ¥1,527 million.」

「Although new housing starts remained sluggish, the Water Supply Equipment business increased revenue 1.1% year on year to ¥8,285 million owing to the effects of sales price revisions. Although copper prices, a major raw material, remained high, segment profit increased 19.0% to ¥2,515 million owing to the effects of sales price revisions.\nAlthough new housing starts were below the year-earlier level, the Housing and Building Equipment business increased revenue 0.8% year on year to ¥6,129 million owing to the effects of sales price revisions and concentrated deliveries of water supply and hot-water piping system products for condominiums and other multi-unit housing. Segment profit increased 0.6% to ¥1,009 million.」

「[Water Supply Equipment business]\nSupported by resilient demand for water-distribution pipeline replacement work and the effects of price revisions, the Water Supply Equipment business increased revenue 2.9% year on year to ¥3,947 million. Although copper prices, a major raw material, remained high, segment profit increased 17.5% to ¥1,197 million owing to the effects of sales price revisions.\n[Housing and Building Equipment business]\nAlthough new housing starts were below the year-earlier level, sales of components related to water supply and hot-water piping systems increased. Revenue increased 3.5% year on year to ¥3,076 million, and segment profit increased 4.3% to ¥519 million owing to higher revenue and the effects of sales price revisions.」

「Supported by resilient demand for water-distribution pipeline replacement work and housing demand, as well as the effects of gradual price revisions, the Water Supply Equipment business increased revenue 5.2% from the previous fiscal year to ¥16,250 million. Although copper prices, a major raw material, remained high, segment profit increased 1.7% to ¥4,331 million from the previous fiscal year owing to the effects of price increases.」

「[Water Supply Equipment business]\nSupported by resilient demand for water-distribution pipeline replacement work and housing demand, as well as the effects of gradual price revisions, the Water Supply Equipment business increased revenue 5.9% year on year to ¥12,450 million. Segment profit decreased 3.6% to ¥3,229 million owing to soaring copper prices, a major raw material.\n[Housing and Building Equipment business]\nAlthough new housing starts declined against a backdrop that included higher housing prices resulting from soaring housing-material costs, sales of components related to water supply and hot-water piping systems increased. Revenue increased 14.5% year on year to ¥9,419 million, and segment profit increased 11.5% to ¥1,560 million.」

「Supported by resilient demand for water-distribution pipeline replacement work and housing demand, as well as the effects of gradual price revisions, the Water Supply Equipment business increased revenue 9.1% year on year to ¥8,199 million. Segment profit decreased 4.7% to ¥2,114 million owing to soaring copper prices, a major raw material.」

「[Water Supply Equipment business] Although the Water Supply Equipment business had not yet recovered to pre-COVID levels, revenue increased 11.6% year on year to ¥3,837 million, supported by resilient demand for water-distribution pipeline replacement work and housing demand. Segment profit decreased 2.1% to ¥1,019 million owing to soaring copper prices, a major raw material.\n[Housing and Building Equipment business] New housing starts remained firm, and sales of components related to water supply and hot-water piping systems increased. Revenue increased 14.7% year on year to ¥2,973 million, and segment profit increased 19.5% to ¥498 million.」

「Although the Water Supply Equipment business had not recovered to pre-COVID levels, revenue increased 7.1% from the previous fiscal year to ¥16,838 million, supported by resilient demand for water-distribution pipeline replacement work and housing demand. Segment profit decreased 11.0% to ¥4,333 million owing to higher procurement costs, as copper prices, a major raw material, remained substantially above the prior-year level.」

「Although the Water Supply Equipment business had not recovered to pre-COVID levels, revenue increased 7.6% year on year to ¥12,789 million, supported by resilient demand for water-distribution pipeline replacement work and a recovery in housing demand. Segment profit decreased 10.0% to ¥3,409 million owing to higher procurement costs, as copper prices, a major raw material, remained substantially above the year-earlier level. In the Housing Equipment business, sales of components related to water supply and hot-water piping systems increased owing to the recovery in new housing starts. Revenue increased 20.3% year on year to ¥10,044 million, while segment profit decreased 5.1% to ¥1,522 million. In the Product Sales business, revenue increased 5.4% year on year to ¥1,895 million owing to higher sales of resin products, and segment profit was ¥97 million.」

「Although the Water Supply Equipment business had not recovered to pre-COVID levels, revenue increased 4.6% year on year to ¥8,186 million, supported by resilient demand for water-distribution pipeline replacement work and a recovery in housing demand. Segment profit decreased 7.1% to ¥2,248 million owing to higher procurement costs, as copper prices, a major raw material, remained substantially above the year-earlier level.」

「[Water Supply Equipment business]\nAlthough conditions remained difficult owing to the impact of COVID-19, revenue increased 2.0% year on year to ¥3,757 million, supported by a recovery in demand for pipeline replacement work. Segment profit decreased 4.3% to ¥1,061 million as copper prices, a major raw material, remained substantially above the year-earlier level.\n[Housing Equipment business]\nSales of water supply and hot-water piping components increased owing to the recovery in new housing starts. Revenue increased 12.1% year on year to ¥2,988 million, while segment profit decreased 2.3% to ¥491 million.」

「In the Water Supply Equipment business, conditions gradually moved toward recovery from the third quarter onward, but sales for new construction demand declined partly because the number of new housing starts fell with the spread of COVID-19. Revenue was ¥15,743 million, down 9.1% from the previous fiscal year. Although copper prices, a major raw material, remained above the prior-year level from the second quarter onward, segment profit remained at the prior-year level of ¥4,891 million, supported by improved margins from product price revisions implemented in the previous fiscal year.」

「In the Water Supply Equipment business, sales for new construction demand declined partly because the number of new housing starts fell with the spread of COVID-19. Revenue was ¥11,910 million, down 9.0% year on year. Although copper prices, a major raw material, remained above the year-earlier level from the second quarter of the fiscal year onward, segment profit remained at the year-earlier level of ¥3,807 million, supported by improved margins from price revisions implemented since the previous fiscal year. In the Housing Equipment business, sales of fittings and heating components declined owing to construction work stoppages and postponements caused by the spread of COVID-19 and a decline in new housing starts. However, a subsidiary included in the consolidated group since March of the previous fiscal year contributed to results. Revenue increased 74.5% year on year to ¥8,350 million, and segment profit increased 74.2% to ¥1,610 million.」

「[Water Supply Equipment business]\nIn the Water Supply Equipment business, sales for new construction demand declined partly because the number of new housing starts fell with the spread of COVID-19. Revenue was ¥7,840 million, down 12.1% year on year. Although copper prices, a major raw material, remained above the year-earlier level from the second quarter of the fiscal year onward, segment profit remained at the year-earlier level of ¥2,430 million, supported by improved margins from price revisions implemented since the previous fiscal year.\n[Housing Equipment business]\nIn the Housing Equipment business, sales of resin pipes and fittings for water supply and hot-water systems declined owing to construction work stoppages and postponements caused by the spread of COVID-19 and a further decline in new housing starts. However, a subsidiary included in the consolidated group since March of the previous fiscal year contributed to results. Revenue increased 69.7% year on year to ¥5,398 million, and segment profit increased 69.0% to ¥1,039 million.」

「[Water Supply Equipment business] In the Water Supply Equipment business, revenue was ¥3,683 million, down 11.4% year on year, mainly because sales for new construction demand declined amid the spread of COVID-19. Segment profit increased 2.8% to ¥1,108 million, reflecting the copper benchmark price, a major raw material, averaging ¥610,000 per tonne versus ¥710,000 per tonne in the year-earlier period, as well as the effect of improved margins from price revisions implemented since the previous fiscal year.\n[Housing Equipment business] In the Housing Equipment business, sales of resin pipes and fittings for water supply and hot-water systems declined owing to delays and postponements in construction work resulting from the spread of COVID-19. However, a subsidiary included in the consolidated group since March of the previous fiscal year contributed to results. Revenue increased 69.3% year on year to ¥2,664 million, and segment profit increased 68.4% to ¥503 million.」

「In the Water Supply Equipment business, the Company revised product prices and focused on strengthening sales of earthquake-resistant products. Business progressed steadily through the second quarter, at 2.8% above the year-earlier level, but from the third quarter onward revenue was affected by the reactionary decline following the rush in demand ahead of the consumption tax increase, among other factors. Revenue was ¥14,119 million, down 1.8% from the previous fiscal year. Segment profit increased 8.6% to ¥4,588 million, reflecting efforts to revise prices and material prices remaining below the prior-year level.」

「In the Water Supply Equipment business, sales of earthquake-resistant products, including products for polyethylene water-distribution pipes, increased, but sales of other stop valves and related products declined. Revenue was ¥10,735 million, down 1.2% year on year. Segment profit increased 8.2% to ¥3,468 million, reflecting lower material prices and the effects of product price revisions. In the Housing Equipment business, sales of products for detached houses and heating components for gas companies increased, but demand for housing equipment products generally declined from the third quarter onward as a result of the consumption tax increase. Revenue was ¥3,682 million, down 0.1% year on year, while segment profit increased 4.6% to ¥782 million, helped by production-process improvements.」

「[Water Supply Equipment Business] In the Water Supply Equipment Business, revenue increased 2.8% year on year to ¥7,186 million due to increased sales of earthquake-resistant products, including fittings for polyethylene pipes, and product price revisions. Segment profit increased 9.2% to ¥2,223 million, due to higher revenue and the effect of product price revisions. [Housing Equipment Business] In the Housing Equipment Business, revenue increased 3.1% year on year to ¥2,455 million due to efforts to develop demand among housebuilders and increased sales of heating components for gas companies. Segment profit increased 10.0% to ¥526 million, aided by improvements in production processes.」

「In the Water Supply Equipment Business, revenue increased 3.5% year on year to ¥3,348 million due to increased sales of earthquake-resistant products, including fittings for polyethylene pipes, and product price revisions. Segment profit increased 5.4% to ¥1,004 million, due to higher revenue and the effect of product price revisions. [Housing Equipment Business] In the Housing Equipment Business, revenue increased 2.7% year on year to ¥1,201 million due to efforts to develop demand among mid-sized housebuilders and increased sales of heating components for gas companies. Segment profit increased 11.3% to ¥253 million, aided by improvements in production processes.」

「[Water Supply Equipment Business] In the Water Supply Equipment Business, sales activities were expanded following efforts to strengthen sales of earthquake-resistant products, ball stop valves and meter sets and to revise product prices. However, replacement installation work and other projects remained sluggish, resulting in revenue of ¥14,380 million, down 0.6% year on year. Segment profit declined 6.4% to ¥4,224 million, as the effect of new product launches diminished and raw material prices remained high. [Housing Equipment Business] In the Housing Equipment Business, sales activities in regional core cities were strengthened, and sales of housing unit products and heating components for gas companies increased. However, competition with major manufacturers intensified, resulting in revenue of ¥4,772 million, down 1.3% year on year, and segment profit of ¥981 million, down 1.2%.」

「[Water Supply Equipment Business] In the Water Supply Equipment Business, the benefit of new product launches diminished, water pipe renewal projects remained stalled, and raw material prices increased. Revenue declined 3.0% year on year to ¥10,863 million, while segment profit declined 9.5% to ¥3,206 million. [Housing Equipment Business] In the Housing Equipment Business, although increased sales of unit products for multi-family housing had been expected, competition with major manufacturers intensified amid declining new housing starts. Together with higher raw material prices, this resulted in revenue of ¥3,687 million, down 1.4% year on year, and segment profit of ¥748 million, down 6.8%.」

「[Water Supply Equipment Business] In the Water Supply Equipment Business, although lower revenue had been expected as the impact of new product launches ran its course, water supply construction remained sluggish and higher raw material costs also weighed on results. Revenue declined 3.4% year on year to ¥6,992 million, while segment profit declined 11.4% to ¥2,037 million. [Housing Equipment Business] In the Housing Equipment Business, although sales of unit products for multi-family housing had been expected to increase, competition with major manufacturers intensified amid sluggish growth in new housing starts. Together with higher raw material costs, this resulted in revenue of ¥2,382 million, down 3.3% year on year, and segment profit of ¥478 million, down 11.1%.」

「In the Water Supply Equipment Business, although lower revenue had been expected as the impact of new product launches ran its course, water supply construction remained sluggish and higher raw material costs also weighed on results. Revenue declined 3.6% year on year to ¥3,235 million, while segment profit declined 11.6% to ¥952 million. In the Housing Equipment Business, although sales of unit products for multi-family housing had been expected to increase, competition with major manufacturers intensified amid sluggish growth in new housing starts. Together with higher raw material costs, this resulted in revenue of ¥1,170 million, down 3.7% year on year, and segment profit of ¥227 million, down 11.8%.」

「In the Water Supply Equipment Business, revenue increased 3.9% year on year to ¥14,464 million due to the launch of new products. Segment profit increased 3.0% to ¥4,512 million, despite higher copper prices, a key raw material. In the Housing Equipment Business, revenue declined 4.1% year on year to ¥4,833 million as new rental housing starts turned downward, while segment profit declined 12.1% to ¥993 million, also reflecting higher transportation costs and other expenses.」

「[Water Supply Equipment Business] In the Water Supply Equipment Business, revenue increased 6.8% year on year to ¥11,204 million due to the launch of new products. Segment profit increased 6.0% to ¥3,542 million, despite higher copper prices, a key raw material. [Housing Equipment Business] In the Housing Equipment Business, revenue declined 4.4% year on year to ¥3,738 million as new rental housing starts turned downward. Segment profit declined 8.2% to ¥803 million, also reflecting higher transportation costs and other expenses.」

「[Water Supply Equipment Business] In the Water Supply Equipment Business, revenue increased 6.2% year on year to ¥7,241 million due to the launch of new products. Segment profit increased 8.6% to ¥2,300 million, as the benefit of higher revenue from the new product launches outweighed the increase in copper prices, a key raw material. [Housing Equipment Business] In the Housing Equipment Business, revenue declined 3.4% year on year to ¥2,463 million due to slower growth in the multi-family housing market. Segment profit declined 4.7% to ¥538 million due to higher transportation costs and other expenses.」

「In the Water Supply Equipment Business, sales of highly earthquake-resistant products, including fittings for polyethylene pipes, increased, along with the launch of new products. Revenue increased 10.3% year on year to ¥3,357 million. Segment profit increased 18.0% to ¥1,077 million, as the benefit of higher revenue outweighed the increase in raw material prices. [Housing Equipment Business] In the Housing Equipment Business, sales of water supply and hot-water supply pipes increased, but sales of heating pipes and other products declined as growth in the multi-family housing market slowed. Revenue was ¥1,214 million, down 0.9% year on year, and segment profit was ¥258 million, down 0.5%.」

「In the Water Supply Equipment Business, sales of meter-set products increased, but revenue was limited to ¥13,927 million, up 1.1% year on year, due to a decline in replacement installation work. Segment profit increased 11.9% to ¥4,383 million, mainly due to lower raw material costs and the achievement of cost reductions.」

「In the Water Supply Equipment Business, sales of highly earthquake-resistant products, including fittings for polyethylene pipes, increased, but revenue was limited to ¥10,492 million, up 0.1% year on year, due to a decline in replacement installation work. Segment profit increased 15.3% to ¥3,343 million, due to lower raw material costs and the achievement of cost reductions. In the Housing Equipment Business, sales of detached-home unit products to housebuilders increased, resulting in revenue of ¥3,912 million, up 3.9% year on year. Segment profit increased 4.9% to ¥875 million, due to lower resin prices.」