Revised forecast
Fiscal year ending December 2026 · Full yearPrevious forecast published 16 February 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
First-half net sales generally exceeded plan, and the yen was weaker than assumed in the previous forecast, lifting yen-denominated sales. Earnings improved due to higher sales, cost improvements and fixed-cost reductions associated with structural reforms, and the treatment of approximately ¥90 million in IEEPA tariff refunds on current-period sales as a deduction from cost of sales. Net income reflects an extraordinary gain of ¥190 million from IEEPA tariff refunds on prior-period sales, while an estimated additional UK VAT assessment of ¥120 million has been recorded as an extraordinary loss.
Estimated additional UK VAT assessment of ¥120 million
| Item | Details |
|---|---|
| Net Sales | ¥17,500 million → ¥18,500 million（+5.7%） |
| Operating profit | ¥650 million → ¥900 million（+38.5%） |
| Ordinary income | ¥550 million → ¥800 million（+45.5%） |
| Profit attributable to owners of the parent | ¥200 million → ¥400 million（+100.0%） |
| Net income per share | 46.24 yen and sen → 92.6 yen and sen |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 16 February 2026 |
| Previous-period results | Subject Fiscal year ended December 2025 / Net Sales ¥17,437 million / Operating profit ¥-56 million / Ordinary income ¥-231 million / Profit attributable to owners of the parent ¥-1,728 million / Net income per share ¥-398.85 million / Unit for net income per share yen and sen |
| Reason for the revision | First-half net sales generally exceeded plan, and the yen was weaker than assumed in the previous forecast, lifting yen-denominated sales. Earnings improved due to higher sales, cost improvements and fixed-cost reductions associated with structural reforms, and the treatment of approximately ¥90 million in IEEPA tariff refunds on current-period sales as a deduction from cost of sales. Net income reflects an extraordinary gain of ¥190 million from IEEPA tariff refunds on prior-period sales, while an estimated additional UK VAT assessment of ¥120 million has been recorded as an extraordinary loss. |
| Details and amount of extraordinary loss | Estimated additional UK VAT assessment of ¥120 million |
| Dividend forecast revision | No change (year-end dividend forecast: ¥32 per share) |
| Consolidated / non-consolidated | Consolidated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The reasons cited for the improvement in earnings are that first-half net sales have generally exceeded plan, the yen has been weaker than assumed in the previous forecast, lifting yen-denominated sales, and higher sales, cost improvements and fixed-cost reductions associated with structural reforms, and the treatment of IEEPA tariff refunds on current-period sales as a deduction from cost of sales. Net income is expected to benefit from higher ordinary income and an extraordinary gain of ¥190 million from IEEPA tariff refunds on prior-period sales, while an estimated additional UK VAT assessment of ¥120 million has been recorded as an extraordinary loss.