Revised forecast
Fiscal year ending November 2026 · Full yearPrevious forecast published 15 January 2026The 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.
Although weak housing demand and sluggish sales volumes continue, net sales are expected to be broadly in line with the initial forecast, due to higher selling prices for domestically produced softwood plywood and price revisions for building materials and MDF products. Amid ongoing cost inflation, profits are expected to fall below the initial forecast because higher raw material prices and other costs will weigh on earnings. The forecast also incorporates the potential impact of impairment losses arising at the end of the fiscal year.
| Item | Details |
|---|---|
| Net Sales | 65,000 Millions of yen → 65,000 Millions of yen |
| Operating profit | 600 Millions of yen → 400 Millions of yen（-33.3%） |
| Ordinary income | 500 Millions of yen → -100 Millions of yen |
| Profit attributable to owners of the parent | 200 Millions of yen → -100 Millions of yen |
| Net income per share | 12.77 yen and sen → -6.65 yen and sen |
| Fiscal Period Covered | Fiscal year ending November 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 15 January 2026 |
| Previous-period results | (Fiscal year ended November 2025) Net sales: ¥64,686 million; operating loss: ¥47 million; ordinary loss: ¥29 million; net loss attributable to owners of the parent: ¥829 million; loss per share: ¥52.97 |
| Reason for the revision | Although weak housing demand and sluggish sales volumes continue, net sales are expected to be broadly in line with the initial forecast, due to higher selling prices for domestically produced softwood plywood and price revisions for building materials and MDF products. Amid ongoing cost inflation, profits are expected to fall below the initial forecast because higher raw material prices and other costs will weigh on earnings. The forecast also incorporates the potential impact of impairment losses arising at the end of the fiscal year. |
| Consolidated / non-consolidated | 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.Although weak housing demand and sluggish sales volumes continue, net sales are expected to be broadly in line with the initial forecast, due to higher selling prices for domestically produced softwood plywood and price revisions for building materials and MDF products. However, profits are expected to fall below the initial forecast because higher raw material prices and other costs continue to weigh on earnings amid ongoing cost inflation. The forecast also incorporates the impact of impairment losses that may arise at the end of the fiscal year.