Results for this period
Full year1 April 2025–31 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 shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Sales volumes of reflectors and fly-eye lenses declined amid the global downturn in projector demand and the contraction of business use. Orders for polarizers fell sharply due to tight supply and demand for Faraday rotators, but order and production volumes recovered from November 2025. In the Optical Business, depreciation expenses increased following the renewal of the glass melting furnace, while profit in the Lighting Business improved due to the withdrawal of unprofitable products and other measures.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥4,731,307 thousand (YoY +1.0%) |
| Operating profit | ¥-78,055 thousand |
| Ordinary income | ¥-82,526 thousand |
| Profit attributable to owners of the parent | ¥-149,337 thousand |
| Net income per share | ¥5.62 loss |
| Total assets | ¥8,746,465 thousand |
| Net assets | ¥2,631,848 thousand |
| Cash flows from operating activities | ¥335,883 thousand |
| Cash flows from investing activities | ¥-251,992 thousand |
| Cash flows from financing activities | ¥241,504 thousand |
| Cash and cash equivalents at end of period | ¥2,158,893 thousand |
| Full-year earnings forecast | Net Sales ¥5,547 million / Operating profit ¥192 million / Ordinary income ¥123 million / Net income ¥75 million |
| Segment revenue | Optical Business ¥2,060,241 thousand (YoY +1.8%), Lighting Business ¥438,329 thousand (YoY -16.4%), Functional Thin-Film and Glass Business ¥1,338,463 thousand (YoY -2.2%), Other ¥894,272 thousand (YoY +16.1%) |
| Segment profit | Optical Business ¥211,867 thousand (YoY -44.8%), Lighting Business ¥5,247 thousand, Functional Thin-Film and Glass Business ¥2,587 thousand (YoY -97.2%), Other ¥222,375 thousand (YoY +23.0%) |
| Depreciation and amortization | ¥601,298 thousand |
| Impairment loss | ¥31,821 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥7,799 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥853 thousand, Impairment Losses ¥31,821 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Material subsequent events | At a meeting of the Board of Directors held on 15 May 2026, the company resolved to issue the 11th and 12th Stock Acquisition Rights through a third-party allotment. The total number of potential shares is 2,000,000, and the amount to be raised is ¥1,599 million. |
| Factors Behind Changes in Business Performance | Sales volumes of reflectors and fly-eye lenses declined amid the global downturn in projector demand and the contraction of business use. Orders for polarizers fell sharply due to tight supply and demand for Faraday rotators, but order and production volumes recovered from November 2025. In the Optical Business, depreciation expenses increased following the renewal of the glass melting furnace, while profit in the Lighting Business improved due to the withdrawal of unprofitable products and other measures. |
Items this document does not state (14)
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.Sales volumes of fly-eye lenses and reflectors declined amid the global downturn in projector demand and the contraction of business use. Orders for polarizers also fell sharply due to tight supply and demand for Faraday rotators. In the Optical Business, higher depreciation expenses following the renewal of the glass melting furnace also weighed on profit.