Revised forecast
Fiscal year ending February 2026 · Full yearPrevious forecast published Dated 26 September 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.
Diversification of leisure activities in Japan's golf market, stronger inventory controls by golf club manufacturers, a higher cost ratio and lower gross profit margin due to decreased custom orders for proprietary-brand shafts, and higher operating expenses resulting from rising prices.
| Item | Details |
|---|---|
| Net Sales | ¥2,752 million → ¥2,711 million（-1.5%） |
| Operating profit | ¥252 million → ¥156 million（-38.1%） |
| Ordinary income | ¥242 million → ¥215 million（-11.2%） |
| Profit attributable to owners of the parent | ¥167 million → ¥144 million（-13.8%） |
| Net income per share | 25.78 yen and sen → 22.26 yen and sen |
| Fiscal Period Covered | Fiscal year ending February 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Dated 26 September 2025 |
| Previous-period results | Fiscal year ended February 2025: revenue ¥3,074 million, operating profit ¥534 million, ordinary profit ¥558 million, net profit ¥376 million, net profit per share ¥58.10 |
| Reason for the revision | Diversification of leisure activities in Japan's golf market, stronger inventory controls by golf club manufacturers, a higher cost ratio and lower gross profit margin due to decreased custom orders for proprietary-brand shafts, and higher operating expenses resulting from rising prices. |
| Consolidated / non-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.The reasons cited include the diversification of leisure activities in Japan's golf market, which has dispersed purchases of discretionary goods and left sales volumes of golf clubs and other products almost flat compared with the previous fiscal year, as well as tougher market conditions resulting from golf club manufacturers strengthening inventory controls. In addition, the company cited a higher cost ratio and lower gross profit margin due to a decline in custom orders for its proprietary-brand shafts, as anticipated for the second half, and higher operating expenses resulting from rising prices.