No category-specific facts could be extracted from this document.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In FY2025, the ¥11.4 billion impact of US tariffs caused the Overseas Retail and Workplace businesses to deteriorate. Meanwhile, earnings improved quarter by quarter as tariff mitigation measures progressed. For FY2026, the Company expects large domestic retail projects, a recovery in overseas retail demand and benefits from price revisions in the Workplace business, while incorporating the impact of higher semiconductor, oil and other costs.