Results for this period
First quarter1 January 2026–31 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.
Signs that the musical instrument market had bottomed out and was gradually recovering, together with the ongoing launch of new products. Sales of keyboard instruments increased on the market recovery and strong sales of portable electronic pianos; sales of wind and percussion instruments increased on new product lines and a recovery in sales in Europe; and sales of guitar-related equipment increased on firm demand and the effect of new products. Sales of creation-related equipment and services declined following a reactionary drop in demand after the launch of major new products, while sales of audiovisual equipment declined following the impact of major deals in the previous year.
Not applicable (no matters to report in the notes on the going concern assumption)
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥25,633 million (YoY +13.7%) |
| Operating profit | ¥1,947 million (YoY +35.0%) |
| Ordinary income | ¥1,731 million (YoY +28.9%) |
| Profit attributable to owners of the parent | ¥1,429 million (YoY -22.1%) |
| Net income per share | ¥54.20 |
| Equity ratio | End of the current fiscal period 50.8% / End of previous period 49.2% |
| Total assets | ¥80,809 million |
| Net assets | ¥41,386 million |
| Cash flows from operating activities | ¥4,926 million |
| Cash flows from investing activities | ¥-617 million |
| Cash flows from financing activities | ¥-4,179 million |
| Cash and cash equivalents at end of period | ¥16,261 million |
| Full-year earnings forecast | Net Sales ¥106,400 million (YoY +5.4%) / Operating profit ¥10,000 million (YoY +6.2%) / Ordinary income ¥9,600 million (YoY +6.4%) / Net income ¥7,200 million (YoY +232.1%) |
| Annual Dividend Forecast | ¥170 → ¥170（0.0%） |
| Depreciation and amortization | ¥730 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥59 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥5 million, Special retirement payments ¥28 million, Litigation-related losses ¥27 million |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| 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 | Additions: None; exclusions: None (material changes in the scope of consolidation: None) |
| Material subsequent events | A funds outflow incident occurred at a Mexican subsidiary based on fraudulent instructions from a malicious third party. As of 27 April 2026, the loss was approximately ¥136 million. The company is pursuing fund recovery procedures, conducting an investigation, notifying the relevant authorities, and considering legal action. The impact on consolidated results for the fiscal year ending December 2026 is expected to be immaterial. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 26,580,659 shares |
| Treasury Shares at Period-End | 205,256 shares |
| Factors Behind Changes in Business Performance | Signs that the musical instrument market had bottomed out and was gradually recovering, together with the ongoing launch of new products. Sales of keyboard instruments increased on the market recovery and strong sales of portable electronic pianos; sales of wind and percussion instruments increased on new product lines and a recovery in sales in Europe; and sales of guitar-related equipment increased on firm demand and the effect of new products. Sales of creation-related equipment and services declined following a reactionary drop in demand after the launch of major new products, while sales of audiovisual equipment declined following the impact of major deals in the previous year. |
Items this document does not state (9)
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 company cited signs that the musical instrument market had bottomed out and was in a gradual recovery phase, the ongoing launch of new products, and the promotion of strategies under its medium-term management plan. By product category, higher sales of keyboard instruments were driven by the market recovery and strong sales of portable electronic pianos; sales of wind and percussion instruments benefited from new product lines and a recovery in sales in Europe; and sales of guitar-related equipment increased on firm demand and the effect of new products. In contrast, sales of creation-related equipment and services declined due to a reactionary drop in demand following the launch of major new products, while sales of audiovisual equipment declined following the impact of major deals in the previous year. The filing does not clearly state the reason for the decrease in net income.