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.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
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.
In the insulation materials business, revenue and profit decreased due to a decline in orders for heater modules for diffusion furnaces used in the manufacture of solar panels and other products, falling selling prices and higher raw material costs. In the nanomaterials business, revenue increased as sales of new CNF products and resource and materials products progressed steadily.
Description of significant events, etc. Although the Company has recorded operating losses for 10 consecutive fiscal years on a non-consolidated basis, from the fiscal year ended March 2017 through the fiscal year ended March 2026, it determined that no material uncertainty exists. There are no matters to be disclosed in the notes regarding the going concern assumption.
| 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 | ¥2,372,446 thousand (YoY -59.1%) |
| Operating profit | ¥-825,641 thousand |
| Ordinary income | ¥-786,563 thousand |
| Profit attributable to owners of the parent | ¥-470,300 thousand |
| Net income per share | ¥(23.47) |
| Equity ratio | End of the current fiscal period 93.6% / End of previous period 84.7% |
| Total assets | ¥8,444,192 thousand |
| Net assets | ¥7,904,557 thousand |
| Cash flows from operating activities | ¥468,994 thousand |
| Cash flows from investing activities | ¥-712,060 thousand |
| Cash flows from financing activities | ¥-366,008 thousand |
| Cash and cash equivalents at end of period | ¥3,280,096 thousand |
| Full-year earnings forecast | Net Sales ¥2,943 million (YoY +24.1%) / Operating profit ¥-163 million / Ordinary income ¥-137 million / Net income ¥-164 million |
| Segment revenue | Insulation materials business ¥2,272,297 thousand (YoY -56.1%), Nanomaterials business ¥100,148 thousand (YoY +40.9%) |
| Segment profit | Insulation materials business ¥-352,389 thousand, Nanomaterials business ¥-142,847 thousand |
| Depreciation and amortization | ¥308,518 thousand |
| Impairment loss | ¥31,665 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2,082 thousand, Subsidy Income ¥6,538 thousand / Extraordinary loss Loss on sale of fixed assets ¥32,155 thousand, Loss on reduction of fixed assets ¥1,506 thousand, Impairment Losses ¥31,665 thousand |
| Disclosure regarding the going concern assumption | Description of significant events, etc. Although the Company has recorded operating losses for 10 consecutive fiscal years on a non-consolidated basis, from the fiscal year ended March 2017 through the fiscal year ended March 2026, it determined that no material uncertainty exists. There are no matters to be disclosed in the notes regarding the going concern assumption. |
| Material subsequent events | Not applicable. |
| Factors Behind Changes in Business Performance | In the insulation materials business, revenue and profit decreased due to a decline in orders for heater modules for diffusion furnaces used in the manufacture of solar panels and other products, falling selling prices and higher raw material costs. In the nanomaterials business, revenue increased as sales of new CNF products and resource and materials products progressed steadily. |
Items this document does not state (13)
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 insulation materials business was affected by a decline in orders, falling selling prices and higher raw material costs. The nanomaterials business reported higher revenue as sales of new products and resource and materials products progressed steadily.