Revised forecast
Fiscal year ending February 2026 · Full yearPrevious forecast published 14 April 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.
Market competition for household refrigerators and washing machines intensified in the domestic home appliance market amid greater consumer cost-consciousness, the shift by mass retailers toward SPA models, and aggressive moves by major Chinese home appliance manufacturers driven by the impact of U.S. tariff policy toward China, resulting in a sharp decline in sales. The Company will also recognize product disposal costs of ¥60 million associated with the business restructuring, an inventory valuation loss of ¥356 million, an impairment loss of ¥222 million, and an income tax adjustment loss of ¥61 million resulting from the reversal of deferred tax assets, in addition to the decline in sales in the fourth quarter and higher inventory storage costs.
Impairment loss of ¥222 million on idle fixed assets
| Item | Details |
|---|---|
| Net Sales | 10,500 Millions of yen → 8,998 Millions of yen（△14.3） |
| Operating profit | 150 Millions of yen → -855 Millions of yen |
| Ordinary income | 120 Millions of yen → -896 Millions of yen |
| Profit attributable to owners of the parent | 100 Millions of yen → -1,218 Millions of yen |
| Net income per share | 9.39 yen and sen → -114.28 yen and sen |
| Fiscal Period Covered | Fiscal year ending February 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 14 April 2025 |
| Previous-period results | Fiscal year ended February 2025 actual results: sales ¥10,056 million, operating profit ¥4 million, ordinary profit ¥42 million, net income attributable to owners of the parent −¥101 million, and net income per share −¥9.55 |
| Reason for the revision | Market competition for household refrigerators and washing machines intensified in the domestic home appliance market amid greater consumer cost-consciousness, the shift by mass retailers toward SPA models, and aggressive moves by major Chinese home appliance manufacturers driven by the impact of U.S. tariff policy toward China, resulting in a sharp decline in sales. The Company will also recognize product disposal costs of ¥60 million associated with the business restructuring, an inventory valuation loss of ¥356 million, an impairment loss of ¥222 million, and an income tax adjustment loss of ¥61 million resulting from the reversal of deferred tax assets, in addition to the decline in sales in the fourth quarter and higher inventory storage costs. |
| Details and amount of extraordinary loss | Impairment loss of ¥222 million on idle fixed assets |
Items this document does not state (2)
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.Market competition for household refrigerators and washing machines intensified, resulting in a sharp decline in sales, due to stronger consumer cost-consciousness, the shift by mass retailers toward SPA models, and aggressive moves by major Chinese home appliance manufacturers driven by the impact of U.S. tariff policy toward China. In addition to lower profits accompanying the decline in fourth-quarter sales and higher inventory storage costs, the results were affected by product disposal costs, inventory valuation losses, impairment losses and the reversal of deferred tax assets associated with the business restructuring.