Worth reading
65In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
95
¥100 million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationQ3 FY20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,220 100 million+8.5%
Operating profit¥128 100 million+10.6%
Ordinary income¥128 100 million+12.5%
Net income¥85 100 million +11.1%quarterly net income attributable to owners of the parent
Gross Profit Margin42.4%
Operating profit margin10.5%
Selling, general and administrative expenses¥388 100 million
Results for the three months of the current quarterThe Workplace Business recorded Q3 standalone revenue of ¥27.1 billion (+¥3.0 billion year on year, +12.7%) and operating profit of ¥1.6 billion (+¥0.4 billion, +40.3%). Both reached record highs.
Full-year earnings forecast
Net Sales
¥1,675 100 million
Operating profit
¥160 100 million
Ordinary income
¥160 100 million
Net income
¥112 100 million net income attributable to owners of the parent
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Consolidated
Net Sales72.9%
Operating profit80.3%
Ordinary income80.6%
Net income76.0%
Workplace Business
Net Sales73.7%
Operating profit70.9%
Facilities Equipment and Public Business
Net Sales70.8%
Operating profit140.9%
Dalton
Net Sales79.2%
Operating profit157.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and operating profit are progressing as expectedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in operating income
Impact of higher revenue40
Improved gross margin2
Personnel Expenses-9
DX/R&D-10
Logistics Costs-7
Other-4
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Although the document states that the outlook is based on certain assumptions deemed reasonable, specific figures for foreign exchange rates, raw material prices and other factors are Not disclosedNew initiatives
- AI-driven facility management using Facility Portfolio AI, Workplace Insight AI and Space Matching AI
- Opening ITOKI DESIGN HOUSE SHANGHAI and strengthening the China business
- Policy to transition to a company with an Audit and Supervisory Committee, subject to approval at the shareholders meeting scheduled for late March 2027
- ITOKI DESIGN HOUSE FUKUOKA is scheduled to open in December 2026
- ITOKI DESIGN HOUSE OSAKA is scheduled to open in May 2027
- Exclusive agency agreements in Japan with Dalton and STÄUBLI
Key KPIsA metric the company considers important as a management benchmark.
- Number of companies visiting ITOKI DESIGN HOUSE SHIGA (January–October cumulative)373 companiesYear on year against the same period last yearApproximately 5.0x, +298 companies year on year
- Number of visitors to ITOKI DESIGN HOUSE SHIGA (January–October cumulative)1,943 peopleYear on year against the same period last yearApproximately 3.1x, +1,321 people year on year
Segment results
Workplace Business
Net Sales
¥895 100 million+8.3%
Operating profit
¥96 100 million+1.7%
Facilities Equipment and Public Business
Net Sales
¥313 100 million+9.6%
Operating profit
¥30 100 million+54.1%
Dalton
Net Sales
¥182 100 million+16.9%
Operating profit
¥23 100 million+59.4%
Medium-term management plan targets
The path to achieving the medium-term plan is mentioned, but the target values and target year are Not disclosedAnnual Dividend
¥90 per share
BreakdownOnce a year, as a year-end dividend
Payout ratio
Targeting 40%| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥1,220 100 million (YoY +8.5%) |
| Operating profit | ¥128 100 million (YoY +10.6%) |
| Ordinary income | ¥128 100 million (YoY +12.5%) |
| Net income | ¥85 100 million (quarterly net income attributable to owners of the parent) (YoY +11.1%) |
| Gross Profit Margin | 42.4% |
| Operating profit margin | 10.5% |
| Selling, general and administrative expenses | ¥388 100 million |
| Results for the three months of the current quarter | The Workplace Business recorded Q3 standalone revenue of ¥27.1 billion (+¥3.0 billion year on year, +12.7%) and operating profit of ¥1.6 billion (+¥0.4 billion, +40.3%). Both reached record highs. |
| Full-year earnings forecast | Net Sales ¥1,675 100 million / Operating profit ¥160 100 million / Ordinary income ¥160 100 million / Net income ¥112 100 million (net income attributable to owners of the parent) |
| Progress against full-year forecast | Consolidated Net Sales 72.9% / Operating profit 80.3% / Ordinary income 80.6% / Net income 76.0% / Workplace Business Net Sales 73.7% / Operating profit 70.9% / Facilities Equipment and Public Business Net Sales 70.8% / Operating profit 140.9% / Dalton Net Sales 79.2% / Operating profit 157.0% |
| Self-assessment against the plan | Revenue and operating profit are progressing as expected |
| Segment results | Workplace Business Net Sales ¥895 100 million (YoY +8.3%) / Operating profit ¥96 100 million (YoY +1.7%) / Facilities Equipment and Public Business Net Sales ¥313 100 million (YoY +9.6%) / Operating profit ¥30 100 million (YoY +54.1%) / Dalton Net Sales ¥182 100 million (YoY +16.9%) / Operating profit ¥23 100 million (YoY +59.4%) |
| Breakdown of Factors Affecting the Change | Year-on-year change in operating income Impact of higher revenue 40 / Improved gross margin 2 / Personnel Expenses -9 / DX/R&D -10 / Logistics Costs -7 / Other -4 |
| Key KPIs | Indicator name Number of companies visiting ITOKI DESIGN HOUSE SHIGA (January–October cumulative) / Value 373 companies / Year on year against the same period last year Approximately 5.0x, +298 companies year on year, Indicator name Number of visitors to ITOKI DESIGN HOUSE SHIGA (January–October cumulative) / Value 1,943 people / Year on year against the same period last year Approximately 3.1x, +1,321 people year on year |
| Assumptions Underlying the Business Outlook | Although the document states that the outlook is based on certain assumptions deemed reasonable, specific figures for foreign exchange rates, raw material prices and other factors are Not disclosed |
| Medium-term management plan targets | The path to achieving the medium-term plan is mentioned, but the target values and target year are Not disclosed |
| Annual Dividend | ¥90 per share |
| Payout ratio | Targeting 40% |
| New initiatives | AI-driven facility management using Facility Portfolio AI, Workplace Insight AI and Space Matching AI, Opening ITOKI DESIGN HOUSE SHANGHAI and strengthening the China business, Policy to transition to a company with an Audit and Supervisory Committee, subject to approval at the shareholders meeting scheduled for late March 2027, ITOKI DESIGN HOUSE FUKUOKA is scheduled to open in December 2026, ITOKI DESIGN HOUSE OSAKA is scheduled to open in May 2027, Exclusive agency agreements in Japan with Dalton and STÄUBLI |
Items this document does not state (10)
Unit price and quantity metricsNumber 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 main factors behind the increases in revenue and profit were renewal projects tailored to hybrid new ways of working, strong sales of equipment for research facilities, the impact of higher revenue and an improved gross profit margin. The increase in revenue and improved gross profit margin enabled operating profit to absorb increases in personnel expenses, DX and R&D costs, logistics costs and other selling, general and administrative expenses.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.