Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
In the domestic-base wholesale business, sales increased on strong performance by touring equipment and other products, but profit declined due to higher procurement costs caused by the weaker yen and lower sales of off-road products. In the Asia-base wholesale business, sales and profit increased as the impact of social conditions in Indonesia subsided, distribution channels expanded in the Philippines, and online sales grew. The retail business recorded lower sales and profit due to factors including a decline in customer visits, while the other businesses posted lower sales but higher profit as a result of improved margins.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥3,501 million (YoY +4.3%) |
| Operating profit | ¥349 million (YoY +3.4%) |
| Ordinary income | ¥352 million (YoY +6.2%) |
| Profit attributable to owners of the parent | ¥261 million (YoY +16.0%) |
| Net income per share | ¥109.88 |
| Equity ratio | End of the current fiscal period 79.2 / End of previous period 80.1 |
| Total assets | ¥11,796 million |
| Net assets | ¥9,427 million |
| Full-year earnings forecast | Net Sales ¥15,566 million (YoY +8.3%) / Operating profit ¥1,736 million (YoY +7.8%) / Ordinary income ¥1,751 million (YoY +5.6%) / Net income ¥1,210 million (YoY +5.4%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | ¥135 → ¥150（+11.1%） |
| Segment revenue | Domestic Wholesale Business ¥2,290 million (YoY +0.5%), Asia-based wholesale operations ¥676 million (YoY +28.4%), Retail Business ¥490 million (YoY -0.9%), Other Businesses ¥73 million (YoY -8.6%) |
| Segment profit | Domestic Wholesale Business ¥105 million (YoY -23.7%), Asia-based wholesale operations ¥195 million (YoY +33.3%), Retail Business ¥23 million (YoY -20.2%), Other Businesses ¥15 million (YoY +13.9%) |
| Depreciation and amortization | ¥39,499 thousand |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥26 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥4,140 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name None / Excluded Number of companies 0 / Company name None |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 3,616,000 Shares |
| Treasury Shares at Period-End | 1,187,067 Shares |
| Factors Behind Changes in Business Performance | In the domestic-base wholesale business, sales increased on strong performance by touring equipment and other products, but profit declined due to higher procurement costs caused by the weaker yen and lower sales of off-road products. In the Asia-base wholesale business, sales and profit increased as the impact of social conditions in Indonesia subsided, distribution channels expanded in the Philippines, and online sales grew. The retail business recorded lower sales and profit due to factors including a decline in customer visits, while the other businesses posted lower sales but higher profit as a result of improved margins. |
Items this document does not state (10)
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.The domestic-base wholesale business and Asia-base wholesale business performed well. In particular, at the Indonesian subsidiary, the impact of the previous year's social conditions subsided, while sales at the Philippine subsidiary increased due to factors including expanded transactions with major distributors. Meanwhile, in the domestic-base wholesale business, higher procurement costs caused by the weaker yen weighed on profit.