Worth reading
57In focus
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
2126
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ended December 20257 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥21,696 million+10.9%
Operating profit¥1,309 million-10.4%
Ordinary income¥1,541 million+0.1%
Net income¥2,389 million+132.2%
Gross Profit Margin
Rate31.8%
Year-on-year change (points)1.1ポイント改善（30.7%から31.8%）
Operating profit margin
Rate6.0%
Year-on-year change (points)1.5ポイント低下（7.5%から6.0%）
Results for the three months of the current quarter
Net Sales21,696百万円
Operating profit1,309百万円
Ordinary income¥1,541 million
Profit attributable to owners of the parent¥2,389 million
Full-year earnings forecast
Net Sales¥85,000 million
Operating profit¥3,600 million
Ordinary income¥3,200 million
EBITDA（営業利益ベース）¥5,850 million
Profit attributable to owners of the parent¥5,500 million
EPS118円11銭
Annual dividend per share¥14.00
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。
Net Sales25.5%
Operating profit36.4%
Ordinary income48.2%
Profit attributable to owners of the parent43.4%
EBITDA（営業利益ベース）30.4%
EBITDA（経常利益ベース）35.3%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in sales2,126百万円（うち新規企業連結による売上増加分は約20億円）
Raw Material CostsUp ¥58 million year on year
Outsourced processing costs396百万円増加
Personnel Expenses907百万円増加
その他の経費248百万円増加
Interest expenses47百万円増加
その他の営業外収入381百万円増加
その他の営業外費用195百万円増加
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Personnel ExpensesHigher
CostsHigher
Interest RatesHigher
New initiatives
- 横浜マテリアル、DNTI、フジプラスの子会社化
- シルキーアクト、トラストの子会社化（第2四半期の後発事象）
- リングストンとカタオカプラセスの合併
- 田中産業とMGSの合併
- 不動産売却と設備投資による生産性向上
- 印刷製造事業の拠点集約・設備リプレイス
- 印刷製造事業の新基幹システム構築
- 新人事システムの稼働
- 名古屋へのグループ営業拠点開設
Key KPIsA metric the company considers important as a management benchmark.
Number of consolidated subsidiaries38
Percentage of revenue
Printing66%
ITメディアSP20%
Products14%
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
事業構造の改革関連の費用¥640 million
Number of employees
Changes during the period and hiring plan2025年4月1日に新卒139名が入社
Annual Dividend
Annual dividend per share¥14.00
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ended December 2025 |
| Net Sales | ¥21,696 million (YoY +10.9%) |
| Operating profit | ¥1,309 million (YoY -10.4%) |
| Ordinary income | ¥1,541 million (YoY +0.1%) |
| Net income | ¥2,389 million (YoY +132.2%) |
| Gross Profit Margin | Rate 31.8% / Year-on-year change (points) 1.1ポイント改善（30.7%から31.8%） |
| Operating profit margin | Rate 6.0% / Year-on-year change (points) 1.5ポイント低下（7.5%から6.0%） |
| Results for the three months of the current quarter | Net Sales 21,696百万円 / Operating profit 1,309百万円 / Ordinary income ¥1,541 million / Profit attributable to owners of the parent ¥2,389 million |
| Full-year earnings forecast | Net Sales ¥85,000 million / Operating profit ¥3,600 million / Ordinary income ¥3,200 million / EBITDA（営業利益ベース） ¥5,850 million / Profit attributable to owners of the parent ¥5,500 million / EPS 118円11銭 / Annual dividend per share ¥14.00 |
| Progress against full-year forecast | Net Sales 25.5% / Operating profit 36.4% / Ordinary income 48.2% / Profit attributable to owners of the parent 43.4% / EBITDA（営業利益ベース） 30.4% / EBITDA（経常利益ベース） 35.3% |
| Breakdown of Factors Affecting the Change | Increase in sales 2,126百万円（うち新規企業連結による売上増加分は約20億円） / Raw Material Costs Up ¥58 million year on year / Outsourced processing costs 396百万円増加 / Personnel Expenses 907百万円増加 / その他の経費 248百万円増加 / Interest expenses 47百万円増加 / その他の営業外収入 381百万円増加 / その他の営業外費用 195百万円増加 |
| Key KPIs | Number of consolidated subsidiaries 38 / Percentage of revenue Printing 66% / ITメディアSP 20% / Products 14% |
| Number of employees | Number of Employees Not disclosed / Changes during the period and hiring plan 2025年4月1日に新卒139名が入社 |
| Assumptions Underlying the Business Outlook | Personnel Expenses Higher / Costs Higher / Interest Rates Higher |
| Risk amount incorporated into the outlook | 事業構造の改革関連の費用 ¥640 million |
| Annual Dividend | Annual dividend per share ¥14.00 / Interim and Year-End Breakdown Not disclosed |
| New initiatives | 横浜マテリアル、DNTI、フジプラスの子会社化, シルキーアクト、トラストの子会社化（第2四半期の後発事象）, リングストンとカタオカプラセスの合併, 田中産業とMGSの合併, 不動産売却と設備投資による生産性向上, 印刷製造事業の拠点集約・設備リプレイス, 印刷製造事業の新基幹システム構築, 新人事システムの稼働, 名古屋へのグループ営業拠点開設 |
Items this document does not state (13)
Selling, general and administrative expensesSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.売上高は新規企業の連結により増加し、売上総利益率は付加価値の増加と内製化率の向上で改善した。一方、人件費の上昇やその他の経費、のれん償却費、賃借料などの増加により営業利益率が低下した。純利益の増加については、資料上、特別利益などの影響が示されている。
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