Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 12 May 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.
Net sales were below the forecast due to an increase in competing products and price competition, the slowdown in the Chinese economy, and fewer sales opportunities resulting from delays in delivery of products for overseas markets. In addition, selling, general and administrative expenses increased due to higher purchase prices for imported products, increased personnel expenses from expanding the workforce, startup costs for the Singapore logistics hub, and advisory fees related to consideration of organizational restructuring, causing operating income and ordinary income to fall below the forecast.
| Item | Details |
|---|---|
| Net Sales | Consolidated 37,000 / Individual 32,000 → Consolidated 33,942 / Individual 30,336（Consolidated -8.3 / Individual -5.2） |
| Operating profit | Consolidated 2,000 / Individual 2,200 → Consolidated 1,439 / Individual 1,775（Consolidated -28.1 / Individual -19.3） |
| Ordinary income | Consolidated 1,600 / Individual 1,800 → Consolidated 1,406 / Individual 1,742（Consolidated -12.1 / Individual -3.2） |
| Profit attributable to owners of the parent | Consolidated 1,100 / Individual 1,300 → Consolidated 1,135 / Individual 1,318（Consolidated 3.2 / Individual 1.4） |
| Net income per share | Consolidated 36.34 / Individual 42.95 → Consolidated 37.52 / Individual 43.55 |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 12 May 2025 |
| Previous-period results | Consolidated: net sales of ¥33,231 million, operating income of ¥1,562 million, ordinary income of ¥1,333 million, net income attributable to owners of the parent of ¥1,092 million, and earnings per share of ¥36.10. Non-consolidated: net sales of ¥29,949 million, operating income of ¥1,830 million, ordinary income of ¥1,565 million, net income of ¥1,135 million, and earnings per share of ¥37.51. |
| Reason for the revision | Net sales were below the forecast due to an increase in competing products and price competition, the slowdown in the Chinese economy, and fewer sales opportunities resulting from delays in delivery of products for overseas markets. In addition, selling, general and administrative expenses increased due to higher purchase prices for imported products, increased personnel expenses from expanding the workforce, startup costs for the Singapore logistics hub, and advisory fees related to consideration of organizational restructuring, causing operating income and ordinary income to fall below the forecast. |
| Consolidated / non-consolidated | Consolidated/non-consolidated |
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.Net sales were below the forecast due to an increase in competing products and price competition, the slowdown in the Chinese economy, and fewer sales opportunities resulting from delays in delivery of products for overseas markets. In addition to the shortfall in net sales, profit was below the forecast because selling, general and administrative expenses increased due to higher purchase prices for imported products, increased personnel expenses from expanding the workforce, startup costs for the Singapore logistics hub, and advisory fees related to consideration of organizational restructuring.