Revised forecast
Fiscal year ending February 2027 · Full yearPrevious forecast published 14 May 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 high-functionality products and some higher-priced products are performing steadily, traditional business shoes and women's shoes are expected to struggle more than anticipated without any improvement in market conditions, resulting in net sales falling below the previous forecast. Selling, general and administrative expenses declined, but the decrease in net sales led to a decline in gross profit, and the company is expected to post an operating loss and ordinary loss. Although special gains are expected from the sale of property, plant and equipment and investment securities, the company expects to record losses on the valuation of investments in affiliated companies and other items, as well as additional special losses for business restructuring expenses associated with the dissolution of an overseas subsidiary, resulting in a net loss.
The company expects to additionally record losses on the valuation of investments in affiliated companies and other items, as well as business restructuring expenses associated with the dissolution of an overseas subsidiary. The amount is Not disclosed.
| Item | Details |
|---|---|
| Net Sales | ¥19,750 million → ¥18,800 million（-4.8%） |
| Operating profit | ¥50 million → ¥-840 million |
| Ordinary income | ¥90 million → ¥-720 million |
| Profit attributable to owners of the parent | ¥870 million → ¥170 million（-80.5%） |
| Net income per share | 291.95 Yen and sen → 57.59 Yen and sen |
| Fiscal Period Covered | Fiscal year ending February 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 14 May 2026 |
| Previous-period results | Net Sales ¥22,841 million / Operating profit ¥-385 million / Ordinary income ¥-215 million / Profit attributable to owners of the parent ¥244 million / Net income per share 79.91 Yen and sen |
| Reason for the revision | Although high-functionality products and some higher-priced products are performing steadily, traditional business shoes and women's shoes are expected to struggle more than anticipated without any improvement in market conditions, resulting in net sales falling below the previous forecast. Selling, general and administrative expenses declined, but the decrease in net sales led to a decline in gross profit, and the company is expected to post an operating loss and ordinary loss. Although special gains are expected from the sale of property, plant and equipment and investment securities, the company expects to record losses on the valuation of investments in affiliated companies and other items, as well as additional special losses for business restructuring expenses associated with the dissolution of an overseas subsidiary, resulting in a net loss. |
| Details and amount of extraordinary loss | The company expects to additionally record losses on the valuation of investments in affiliated companies and other items, as well as business restructuring expenses associated with the dissolution of an overseas subsidiary. The amount is Not disclosed. |
| Dividend forecast revision | The year-end dividend forecast has been changed from ¥75.00 per share to ¥30.00. The annual dividend forecast has also been changed from ¥75.00 to ¥30.00. |
| Consolidated / non-consolidated | Consolidated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Traditional business shoes and women's shoes are expected to struggle more than anticipated without any improvement in market conditions, resulting in lower net sales and gross profit and an operating loss and ordinary loss. The reason for the net income forecast is that, while special gains are expected from the sale of property, plant and equipment and investment securities, the company expects to record losses on the valuation of investments in affiliated companies and business restructuring expenses associated with the dissolution of an overseas subsidiary. The dividend reduction reflects the revision to the full-year earnings forecast, while the continuation of the reduction in directors' remuneration is intended to clarify management's responsibility.