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 dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
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 ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Profit decreased due to lower productivity as the collagen and casing business moved toward a higher mix of small-lot, multi-product manufacturing, and lower sales resulting from the sluggish automotive market, particularly in China, in the leather-related business. This was offset by solid performance in the gelatin-related and cosmetics-related businesses, among other factors, resulting in an increase in profit.
No applicable matters (There are no applicable matters.)
| 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 | ¥47,252 million (YoY -3.8%) |
| Operating profit | ¥4,153 million (YoY +14.5%) |
| Ordinary income | ¥4,206 million (YoY +16.4%) |
| Profit attributable to owners of the parent | ¥2,832 million (YoY +15.3%) |
| Net income per share | ¥993.45 |
| Operating Margin | 8.8% |
| Equity ratio | End of the current fiscal period 58.6% / End of previous period 56.8% |
| Total assets | ¥70,126 million |
| Net assets | ¥41,929 million |
| Cash flows from operating activities | ¥2,994 million |
| Cash flows from investing activities | ¥-272 million |
| Cash flows from financing activities | ¥-2,834 million |
| Cash and cash equivalents at end of period | ¥8,684 million |
| Full-year earnings forecast | Net Sales ¥50,000 million (YoY +5.8%) / Operating profit ¥4,100 million (YoY -1.3%) / Ordinary income ¥4,100 million (YoY -2.5%) / Net income ¥2,800 million (YoY -1.1%) |
| Annual Dividend Forecast | ¥696 → ¥701（+0.7%） |
| Payout ratio | 70.1% |
| Segment revenue | Collagen and casing business ¥9,236 million (YoY -1.0%), Gelatin-related business ¥12,585 million (YoY -5.0%), Cosmetics-related business ¥8,256 million (YoY +7.2%), Leather-Related Business ¥5,852 million (YoY -19.0%), Rental and real estate business ¥1,058 million (YoY -0.3%), Food and other businesses ¥10,263 million (YoY -3.0%) |
| Segment profit | Collagen and casing business ¥812 million (YoY -30.3%), Gelatin-related business ¥2,376 million (YoY +49.2%), Cosmetics-related business ¥1,339 million (YoY +31.9%), Leather-Related Business ¥167 million (YoY -20.2%), Rental and real estate business ¥827 million (YoY -1.2%), Food and other businesses ¥567 million (YoY -4.1%) |
| Depreciation and amortization | ¥983 million |
| Impairment loss | ¥438 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1 million, Gain on sale of investment securities ¥111 million / Extraordinary loss Impairment Losses ¥438 million, Loss on Disposal of Fixed Assets ¥1 million |
| Disclosure regarding the going concern assumption | No applicable matters (There are no applicable matters.) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New — companies / Excluded — companies / Company name None |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 2,889,000 Shares |
| Treasury Shares at Period-End | 89,069 Shares |
| Factors Behind Changes in Business Performance | Profit decreased due to lower productivity as the collagen and casing business moved toward a higher mix of small-lot, multi-product manufacturing, and lower sales resulting from the sluggish automotive market, particularly in China, in the leather-related business. This was offset by solid performance in the gelatin-related and cosmetics-related businesses, among other factors, resulting in an increase in profit. |
Items this document does not state (4)
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.In the collagen and casing business, lower productivity associated with the shift toward a higher mix of small-lot, multi-product manufacturing, and in the leather-related business, lower sales due to the sluggish automotive market, particularly in China, were factors reducing profit. Meanwhile, profit increased in the gelatin-related business due to stable raw material prices, a review of raw materials and sourcing countries, and cost reductions from improved productivity. Profit also increased in the cosmetics-related business due to the effects of campaigns and the conversion of customers into regular customers.