Results for this period
Third quarter1 January 2026 to 30 September 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.
Operating profit increased because the company recognized a refund of U.S. tariffs paid in the previous fiscal year. Sales increased due to the recovery in demand for electronic pianos, the new product lineup, strengthened sales activities, buoyant market conditions and higher sales of software and services. Meanwhile, revenue from audio-visual equipment declined because of a decrease in project deliveries.
Not applicable
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 30 September 2026 |
| Net Sales | ¥77,665 million (YoY +11.6%) |
| Operating profit | ¥9,009 million (YoY +45.7%) |
| Ordinary income | ¥8,744 million (YoY +48.8%) |
| Profit attributable to owners of the parent | ¥6,993 million (YoY +28.6%) |
| Net income per share | ¥264.99 |
| Equity ratio | End of the current fiscal period 50.8 / End of previous period 49.2 |
| Total assets | ¥85,851 million |
| Net assets | ¥43,909 million |
| Cash flows from operating activities | ¥5,423 million |
| Cash flows from investing activities | ¥-528 million |
| Cash flows from financing activities | ¥-8,206 million |
| Cash and cash equivalents at end of period | ¥12,695 million |
| Full-year earnings forecast | Net Sales ¥111,000 million (YoY +10.0%) / Operating profit ¥12,000 million (YoY +27.5%) / Ordinary income ¥11,600 million (YoY +28.6%) / Profit attributable to owners of the parent ¥9,300 million (YoY +329.0%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥111,000 million / Operating profit Not disclosed → ¥12,000 million / Ordinary income Not disclosed → ¥11,600 million / Profit attributable to owners of the parent Not disclosed → ¥9,300 million |
| Annual Dividend Forecast | ¥170 → ¥170（0.0%） |
| Depreciation and amortization | ¥2,211 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥558 million / Extraordinary loss Loss on disposal or sale of fixed assets ¥16 million, Special retirement payments ¥30 million, Litigation-related loss ¥54 million, Remittance-Fraud Loss at an Overseas Subsidiary ¥136 million |
| Disclosure regarding the going concern assumption | Not applicable |
| 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 | No material changes (no newly consolidated or excluded companies, or company names, are disclosed) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 26,580,659 Shares |
| Treasury Shares at Period-End | 167,864 Shares |
| Factors Behind Changes in Business Performance | Operating profit increased because the company recognized a refund of U.S. tariffs paid in the previous fiscal year. Sales increased due to the recovery in demand for electronic pianos, the new product lineup, strengthened sales activities, buoyant market conditions and higher sales of software and services. Meanwhile, revenue from audio-visual equipment declined because of a decrease in project deliveries. |
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.Operating profit increased because the company recognized a refund of U.S. tariffs paid in the previous fiscal year. Sales were supported by the recovery in demand for electronic pianos, the new product lineup, strengthened sales activities and buoyant market conditions.