Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published Earnings forecast: 2 May 2025; year-end dividend forecast: 4 November 2025The 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.
Domestic sales in the Japan segment have remained firm, while revenue in the overseas segment is expected to exceed the forecast because the yen has been weaker than the exchange rate initially assumed. Operating profit is expected to be in line with the previous forecast due to higher operating expenses, including investment in human capital and research and development. Ordinary profit is expected to exceed the forecast due to foreign exchange gains and an increase in dividends received, while net income attributable to owners of the parent is expected to exceed the forecast due to the application of corporate tax credits and other factors.
| Item | Details |
|---|---|
| Net Sales | 54,500 Millions of yen → 55,300 Millions of yen（+1.5%） |
| Operating profit | 4,500 Millions of yen → 4,500 Millions of yen |
| Ordinary income | 4,700 Millions of yen → 5,000 Millions of yen（+6.4%） |
| Profit attributable to owners of the parent | 2,750 Millions of yen → 3,250 Millions of yen（+18.2%） |
| Net income per share | 87.89 yen and sen → 103.88 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Earnings forecast: 2 May 2025; year-end dividend forecast: 4 November 2025 |
| Previous-period results | Revenue ¥50,626 million, operating profit ¥3,591 million, ordinary profit ¥3,922 million, net income attributable to owners of the parent ¥2,367 million, and earnings per share ¥78.75 (fiscal year ended March 2025) |
| Reason for the revision | Domestic sales in the Japan segment have remained firm, while revenue in the overseas segment is expected to exceed the forecast because the yen has been weaker than the exchange rate initially assumed. Operating profit is expected to be in line with the previous forecast due to higher operating expenses, including investment in human capital and research and development. Ordinary profit is expected to exceed the forecast due to foreign exchange gains and an increase in dividends received, while net income attributable to owners of the parent is expected to exceed the forecast due to the application of corporate tax credits and other factors. |
| Dividend forecast revision | The year-end dividend has been increased from ¥45.00 to ¥48.00, and the annual dividend from ¥85.00 to ¥88.00. The year-end dividend comprises a stable dividend of ¥45 plus a performance-linked dividend of ¥3. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Domestic sales are expected to remain firm, while overseas revenue is expected to exceed the previous forecast because the yen is expected to be weaker than the assumed exchange rate. The operating profit forecast remains unchanged due to higher operating expenses, including investment in human capital and research and development. Ordinary profit is expected to exceed the forecast due to foreign exchange gains and an increase in dividends received, while net income is expected to exceed the forecast following the application of corporate tax credits. In connection with the revision to the earnings forecast, a ¥3 performance-linked dividend has been added, taking into account a consolidated payout ratio of 85%.