Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
207
Year-on-year change in operating profit (¥ millions)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥25,660 million+2.4%
Operating profit¥625 million+49.5%
Ordinary income¥853 million+32.8%
Net income¥583 million+53.8%
Gross Profit Margin30.1%
Operating profit margin2.4%
Selling, general and administrative expenses¥7,088 million
Results for the three months of the current quarter
Net Sales
¥25,660 million
Operating profit
¥625 million
Ordinary income
¥853 million
Profit attributable to owners of parent for the quarter
¥583 million
Full-year earnings forecast
Net Sales
¥112,000 million
Operating profit
¥4,100 million
Ordinary income
¥4,500 million
Profit attributable to owners of the parent
¥3,400 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in gross profit¥323 million
- Decrease in sales promotion expenses¥29 million
- Lower logistics costs¥53 million
- Manufacturing cost factors¥-173 million
- Other factors¥-30 million
- Increase in personnel expenses¥-123 million
- Increase in other SG&A expenses¥-74 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The impact of the situation in the Middle East is expected to continue from the second quarter onward. The outlook assumes higher raw material prices and sales price revisions for orders received on or after 27 July 2026, but the underlying figures are not disclosedNew initiatives
- Expansion of procurement routes
- In-house production of certain raw materials
- Sales price revisions for orders received on or after 27 July 2026
- The table tennis floor mat “Connect Mat T” received floor certification approved by the International Table Tennis Federation and the Japan Table Tennis Association
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The Company mentions an increase in sales volume, but figures for volume and unit prices are not disclosedSegment results
- Interior BusinessNet Sales¥24,445 million (YoY +2.4%)Segment profit¥671 million (YoY +50.2%)
- Global BusinessNet Sales¥668 million (YoY +23.3%)Segment profit¥-62 million
- Building materials and other businessesNet Sales¥1,216 million (YoY +1.3%)Segment profit¥17 million (YoY -35.5%)
Medium-term management plan targets
A consolidated dividend payout ratio of 50% or a DOE of 3.5% as a guideline, with annual dividends of ¥19 as the floorAnnual Dividend
¥34 per share
Interim10
End of period24
Payout ratio
Target of approximately 50% for the consolidated payout ratio or 3.5% for DOE| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥25,660 million (YoY +2.4%) |
| Operating profit | ¥625 million (YoY +49.5%) |
| Ordinary income | ¥853 million (YoY +32.8%) |
| Net income | ¥583 million (YoY +53.8%) |
| Gross Profit Margin | 30.1% |
| Operating profit margin | 2.4% |
| Selling, general and administrative expenses | ¥7,088 million |
| Results for the three months of the current quarter | Net Sales ¥25,660 million / Operating profit ¥625 million / Ordinary income ¥853 million / Profit attributable to owners of parent for the quarter ¥583 million |
| Full-year earnings forecast | Net Sales ¥112,000 million / Operating profit ¥4,100 million / Ordinary income ¥4,500 million / Profit attributable to owners of the parent ¥3,400 million |
| Segment results | Segment Interior Business / Net Sales ¥24,445 million (YoY +2.4%) / Segment profit ¥671 million (YoY +50.2%), Segment Global Business / Net Sales ¥668 million (YoY +23.3%) / Segment profit ¥-62 million, Segment Building materials and other businesses / Net Sales ¥1,216 million (YoY +1.3%) / Segment profit ¥17 million (YoY -35.5%) |
| Breakdown of Factors Affecting the Change | Factors Increase in gross profit / Amount ¥323 million, Factors Decrease in sales promotion expenses / Amount ¥29 million, Factors Lower logistics costs / Amount ¥53 million, Factors Manufacturing cost factors / Amount ¥-173 million, Factors Other factors / Amount ¥-30 million, Factors Increase in personnel expenses / Amount ¥-123 million, Factors Increase in other SG&A expenses / Amount ¥-74 million |
| Unit price and quantity metrics | The Company mentions an increase in sales volume, but figures for volume and unit prices are not disclosed |
| Assumptions Underlying the Business Outlook | The impact of the situation in the Middle East is expected to continue from the second quarter onward. The outlook assumes higher raw material prices and sales price revisions for orders received on or after 27 July 2026, but the underlying figures are not disclosed |
| Medium-term management plan targets | A consolidated dividend payout ratio of 50% or a DOE of 3.5% as a guideline, with annual dividends of ¥19 as the floor |
| Annual Dividend | ¥34 per share |
| Payout ratio | Target of approximately 50% for the consolidated payout ratio or 3.5% for DOE |
| New initiatives | Expansion of procurement routes, In-house production of certain raw materials, Sales price revisions for orders received on or after 27 July 2026, The table tennis floor mat “Connect Mat T” received floor certification approved by the International Table Tennis Federation and the Japan Table Tennis Association |
Items this document does not state (12)
Progress against full-year forecastSelf-assessment against the planKey KPIsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 cites increased sales volume resulting from the stable supply of core products, the expansion of high-value-added products, the effects of price revisions for products launched in the previous fiscal year, and improved profit margins at group sales companies as factors contributing to the increase in profit. On the other hand, higher raw material prices, labor costs and personnel expenses, as well as increased depreciation and amortization, weighed on profit.
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