Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
13.5
¥100 million (maximum share repurchase amount)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 202714 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥33,751 million+110.5%
Operating profit¥1,570 million+141.4%
Ordinary income¥1,682 million+139.9%
Net income1,210 JPY millions +150.0%net income attributable to owners of the parent
Selling, general and administrative expenses¥5,323 million, SG&A-to-sales ratio of 15.8%
Gross Profit Marginnot disclosed (gross profit was 113.7% of the prior-year period)
Operating profit margin4.7%, up 1.1 percentage points year on year (3.6% → 4.7%)
Results for the three months of the current quarterRevenue of ¥33,751 million, operating profit of ¥1,570 million, ordinary income of ¥1,682 million, and net income attributable to owners of the parent of ¥1,210 million. All figures represent standalone results for the first quarter.
Full-year earnings forecastRevenue of ¥135,000 million, operating profit of ¥5,100 million, ordinary income of ¥5,450 million, net income attributable to owners of the parent of ¥4,000 million, and earnings per share of ¥204.18
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。Operating profit: 30.8% of the full-year forecast. Against the first-half forecasts, revenue was 50.4%, operating profit 60.4%, ordinary income 60.1%, and net income 63.7%.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing as plannedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in operating profit: gross profit +¥830 million, personnel expenses -¥293 million, freight and packing expenses -¥75 million, real estate rental expenses -¥53 million, depreciation and amortization -¥11 million, and other items +¥63 million.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The materials indicate uncertainty surrounding the outlook for crude oil-derived raw material prices and fuel costs, but numerical assumptions were not disclosed.New initiatives
Share buyback, opening of the Toyama Sales Office, promotion of investment in logistics facilities, logistics equipment and digital initiatives, and establishment of an English-language IR page to enhance corporate value.Key KPIsA metric the company considers important as a management benchmark.
Earnings per share of ¥61.92 (149.4% year on year), ROE of 9.15% (as of the end of June 2026), and 55 sales offices (as of 1 August 2026).Unit price and quantity metricsThese figures show sales broken down by price and volume.
The materials refer to higher sales volumes and selling prices, but specific figures for volumes and prices were not disclosed.Segment results
Segment profit and loss: not disclosed. Sales by product category were ¥13,281 million for food containers (105.5% year on year), ¥7,823 million for film, bags and laminates (122.0%), ¥5,170 million for paper boxes, paper products, labels and corrugated cardboard (109.8%), ¥5,262 million for consumables (110.9%), and ¥2,212 million for fixtures, equipment, machinery and other products (105.4%).Medium-term management plan targets
Not disclosed. The materials refer to Phase 1 and Phase 2 of the medium-term management plan.Financial targets
The Company states that it aims to improve ROE. Actual ROE was 9.15% as of the end of June 2026. No numerical target was disclosed.Number of stores and locations
55 sales offices (50 in eastern Japan and 5 in western Japan, as of 1 August 2026). The Company opened the Toyama Sales Office in August 2026. The overall number of office openings and closures was not disclosed.Capital expenditures
¥-4,324 million acquisitions and disposals of property, plant and equipment, FY2025
Annual Dividend
¥120 annual dividend for FY2026 (ordinary dividend only planned). The interim and year-end breakdown was not disclosed.Payout ratio
Not disclosed. The materials state that the DOE level has risen recently, but no specific figure was disclosed.Acquisition of treasury shares
Total acquisition amount: up to ¥1.35 billion; up to 300,000 shares; 1.53% of the total number of issued shares excluding treasury shares; acquisition period: 3 August 2026 to 31 August 2026; market purchases.| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥33,751 million (YoY +110.5%) |
| Operating profit | ¥1,570 million (YoY +141.4%) |
| Ordinary income | ¥1,682 million (YoY +139.9%) |
| Net income | 1,210 JPY millions (net income attributable to owners of the parent) (YoY +150.0%) |
| Gross Profit Margin | not disclosed (gross profit was 113.7% of the prior-year period) |
| Operating profit margin | 4.7%, up 1.1 percentage points year on year (3.6% → 4.7%) |
| Selling, general and administrative expenses | ¥5,323 million, SG&A-to-sales ratio of 15.8% |
| Results for the three months of the current quarter | Revenue of ¥33,751 million, operating profit of ¥1,570 million, ordinary income of ¥1,682 million, and net income attributable to owners of the parent of ¥1,210 million. All figures represent standalone results for the first quarter. |
| Full-year earnings forecast | Revenue of ¥135,000 million, operating profit of ¥5,100 million, ordinary income of ¥5,450 million, net income attributable to owners of the parent of ¥4,000 million, and earnings per share of ¥204.18 |
| Progress against full-year forecast | Operating profit: 30.8% of the full-year forecast. Against the first-half forecasts, revenue was 50.4%, operating profit 60.4%, ordinary income 60.1%, and net income 63.7%. |
| Self-assessment against the plan | Progressing as planned |
| Segment results | Segment profit and loss: not disclosed. Sales by product category were ¥13,281 million for food containers (105.5% year on year), ¥7,823 million for film, bags and laminates (122.0%), ¥5,170 million for paper boxes, paper products, labels and corrugated cardboard (109.8%), ¥5,262 million for consumables (110.9%), and ¥2,212 million for fixtures, equipment, machinery and other products (105.4%). |
| Breakdown of Factors Affecting the Change | Year-on-year change in operating profit: gross profit +¥830 million, personnel expenses -¥293 million, freight and packing expenses -¥75 million, real estate rental expenses -¥53 million, depreciation and amortization -¥11 million, and other items +¥63 million. |
| Key KPIs | Earnings per share of ¥61.92 (149.4% year on year), ROE of 9.15% (as of the end of June 2026), and 55 sales offices (as of 1 August 2026). |
| Unit price and quantity metrics | The materials refer to higher sales volumes and selling prices, but specific figures for volumes and prices were not disclosed. |
| Number of stores and locations | 55 sales offices (50 in eastern Japan and 5 in western Japan, as of 1 August 2026). The Company opened the Toyama Sales Office in August 2026. The overall number of office openings and closures was not disclosed. |
| Assumptions Underlying the Business Outlook | The materials indicate uncertainty surrounding the outlook for crude oil-derived raw material prices and fuel costs, but numerical assumptions were not disclosed. |
| Medium-term management plan targets | Not disclosed. The materials refer to Phase 1 and Phase 2 of the medium-term management plan. |
| Financial targets | The Company states that it aims to improve ROE. Actual ROE was 9.15% as of the end of June 2026. No numerical target was disclosed. |
| Annual Dividend | ¥120 annual dividend for FY2026 (ordinary dividend only planned). The interim and year-end breakdown was not disclosed. |
| Payout ratio | Not disclosed. The materials state that the DOE level has risen recently, but no specific figure was disclosed. |
| Acquisition of treasury shares | Total acquisition amount: up to ¥1.35 billion; up to 300,000 shares; 1.53% of the total number of issued shares excluding treasury shares; acquisition period: 3 August 2026 to 31 August 2026; market purchases. |
| Capital expenditures | ¥-4,324 million (acquisitions and disposals of property, plant and equipment, FY2025) |
| New initiatives | Share buyback, opening of the Toyama Sales Office, promotion of investment in logistics facilities, logistics equipment and digital initiatives, and establishment of an English-language IR page to enhance corporate value. |
Items this document does not state (5)
Number of employeesRisk amount incorporated into the outlookOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 factors were expanded business and higher sales volumes, pull-forward demand, particularly among group companies operating online sales businesses, higher selling prices following price revisions by film and bag manufacturers, and a lower SG&A ratio. The sale of real estate also contributed to net income. The full-year forecasts were left unchanged because, given the uncertainty surrounding the outlook for crude oil-derived raw material prices and fuel costs, the Company considered a reasonable revision difficult.
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