Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
2.3
¥100 million (increase in ordinary income from the year-earlier period)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending January 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,651 million-2.6%
Operating profit¥101 million-59.1%
Ordinary income¥161 million
Net income¥48 million
Selling, general and administrative expenses¥2,186 million
Gross Profit Margin
Rate40.5
Year-on-year change (points)-1.9
Results for the three months of the current quarter
Net Sales
¥5,651 million
Gross profit
¥2,287 million
Operating profit
¥101 million
Ordinary income
¥161 million
Net income
¥48 million
Full-year earnings forecast
Net Sales
¥22,961 million
Operating profit
¥501 million
Ordinary income
¥520 million
Net income for the current fiscal year
¥120 million
Dividend
¥5
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Foreign Exchange Gains
¥68 million
Non-residential sector
114 Year on year
E-commerce sales
133 Year on year
Gross margin at overseas sales subsidiaries
6.3 year-on-year increase in percentage points
New initiatives
- Strategic shift toward the nonresidential sector
- Automated production of high-definition perspective renderings using the generative AI implementation “EXVIZ＠AI”
- Simulation production using “庭プラス”
- Price revisions for products listed on PROEX from orders received in August 2026 (5–12%)
- Expansion of DX tools through GLD-LAB.’s collaboration with the Philippines and Vietnam
- Expansion of distribution channels to major U.S. chains and others
- Exhibition at the 2027 International Horticultural Expo
Key KPIsA metric the company considers important as a management benchmark.
Revenue from the nonresidential sector
114 Year on year
E-commerce sales
133 Year on year
Gross margin at overseas sales subsidiaries
6.3 year-on-year increase in percentage points
Nonresidential renovation market
7.7 year-on-year market expansion rate
Digitech revenue
¥971 million
Year-on-year (%)95
Segment results
Professional-use business
Net Sales
¥3,968 million
Year-on-year (%)102.1
Home-Use Business
Net Sales
¥1,055 million
Year-on-year (%)90.7
Overseas Business
Net Sales
¥603 million
Year-on-year (%)82
Medium-term management plan targets
Fiscal year ending January 2027
Net Sales
¥22,961 million
Operating profit
¥501 million
Ordinary income
¥520 million
Net income
¥120 million
Fiscal year ending January 2029
Net Sales
¥26,109 million
Operating profit
¥1,487 million
Ordinary income
¥1,422 million
Net income
¥835 million
Market Size / Share
Nonresidential renovation market
7.7 year-on-year market expansion rate
Home Depot store count
2,430 stores U.S. total
Ace Hardware store count
5,100 stores U.S. total
Costco store count
610 stores U.S. total
Bunnings store count
310 stores Australia total
Capital expenditures
¥5 100 million new Digitech plant
Annual Dividend
5 yen per share
Payout ratio
40 % or higher
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending January 2027 |
| Net Sales | ¥5,651 million (YoY -2.6%) |
| Operating profit | ¥101 million (YoY -59.1%) |
| Ordinary income | ¥161 million |
| Net income | ¥48 million |
| Gross Profit Margin | Rate 40.5 / Year-on-year change (points) -1.9 |
| Selling, general and administrative expenses | ¥2,186 million |
| Results for the three months of the current quarter | Net Sales ¥5,651 million / Gross profit ¥2,287 million / Operating profit ¥101 million / Ordinary income ¥161 million / Net income ¥48 million |
| Full-year earnings forecast | Net Sales ¥22,961 million / Operating profit ¥501 million / Ordinary income ¥520 million / Net income for the current fiscal year ¥120 million / Dividend ¥5 |
| Segment results | Professional-use business Net Sales ¥3,968 million / Year-on-year (%) 102.1 / Home-Use Business Net Sales ¥1,055 million / Year-on-year (%) 90.7 / Overseas Business Net Sales ¥603 million / Year-on-year (%) 82 |
| Breakdown of Factors Affecting the Change | Foreign Exchange Gains ¥68 million / Non-residential sector 114 Year on year / E-commerce sales 133 Year on year / Gross margin at overseas sales subsidiaries 6.3 year-on-year increase in percentage points |
| Key KPIs | Revenue from the nonresidential sector 114 Year on year / E-commerce sales 133 Year on year / Gross margin at overseas sales subsidiaries 6.3 year-on-year increase in percentage points / Nonresidential renovation market 7.7 year-on-year market expansion rate / Digitech revenue ¥971 million |
| Medium-term management plan targets | Fiscal year ending January 2027 Net Sales ¥22,961 million / Operating profit ¥501 million / Ordinary income ¥520 million / Net income ¥120 million / Fiscal year ending January 2029 Net Sales ¥26,109 million / Operating profit ¥1,487 million / Ordinary income ¥1,422 million / Net income ¥835 million |
| Annual Dividend | 5 yen per share |
| Payout ratio | 40 % or higher |
| Capital expenditures | ¥5 100 million (new Digitech plant) |
| Market Size / Share | Nonresidential renovation market 7.7 year-on-year market expansion rate / Home Depot store count 2,430 stores (U.S. total) / Ace Hardware store count 5,100 stores (U.S. total) / Costco store count 610 stores (U.S. total) / Bunnings store count 310 stores (Australia total) |
| New initiatives | Strategic shift toward the nonresidential sector, Automated production of high-definition perspective renderings using the generative AI implementation “EXVIZ＠AI”, Simulation production using “庭プラス”, Price revisions for products listed on PROEX from orders received in August 2026 (5–12%), Expansion of DX tools through GLD-LAB.’s collaboration with the Philippines and Vietnam, Expansion of distribution channels to major U.S. chains and others, Exhibition at the 2027 International Horticultural Expo |
Items this document does not state (12)
Operating profit marginProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogKey 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 company attributed the return to profitability in ordinary profit and net profit to a ¥68 million foreign exchange gain. In the professional-use business, it cited growth in the nonresidential sector; in the home-use business, increased e-commerce sales; and overseas, improved gross margins at sales subsidiaries in Europe and the United States. The decline in gross margin was attributed to higher raw material costs, while the decrease in selling, general and administrative expenses reflected the company’s review of investment returns before proceeding.
How to read this page
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