Results for this period
First quarter1 December 2025 to 28 February 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.
Inquiries and orders in the Tokyo metropolitan area increased as solution sales for office furniture expanded, while some sales declined due to the discontinuation of production for certain custom products and a decrease in projects involving building ancillary equipment. The company worked to pass on cost increases resulting from raw material prices and the weaker yen, bill for associated expenses, reduce costs, and improve project-level margins through selective order acceptance. However, gross profit declined due to lower factory utilization, while personnel expenses increased as a result of workforce expansion and improved employee compensation, and advertising expenses rose following the publication of a comprehensive catalog.
Disclosure of material events, etc. The company has reported operating losses for 8 consecutive fiscal years through the previous consolidated fiscal year, creating conditions that raise significant doubt about its ability to continue as a going concern. However, as no material uncertainty is identified due to the implementation of response measures, no note on the going concern assumption has been included.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 December 2025 to 28 February 2026 |
| Net Sales | ¥1,473 million (YoY +7.8%) |
| Operating profit | ¥-110 million |
| Ordinary income | ¥-110 million |
| Profit attributable to owners of the parent | ¥-115 million |
| Net income per share | -¥69.45 |
| Equity ratio | End of the current fiscal period 57.9 / End of previous period 56.7 |
| Total assets | ¥8,140 million |
| Net assets | ¥4,714 million |
| Full-year earnings forecast | Net Sales ¥7,450 million (YoY +17.5%) / Operating profit ¥70 million / Ordinary income ¥75 million / Net income ¥40 million (YoY -90.1%) |
| Revision to Earnings Forecast | No revision (unchanged from the latest forecast) |
| Annual Dividend Forecast | ¥40 → ¥40（0.0%） |
| Segment revenue | Furniture-related ¥1,115,944 thousand (YoY +18.7%), Building ancillary equipment ¥357,207 thousand (YoY -16.0%) |
| Segment profit | Furniture-related ¥-19,283 thousand, Building ancillary equipment ¥-25,905 thousand |
| Depreciation and amortization | ¥35,005 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2,608 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥188 thousand |
| Disclosure regarding the going concern assumption | Disclosure of material events, etc. The company has reported operating losses for 8 consecutive fiscal years through the previous consolidated fiscal year, creating conditions that raise significant doubt about its ability to continue as a going concern. However, as no material uncertainty is identified due to the implementation of response measures, no note on the going concern assumption has been included. |
| 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 | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 1,857,113 Shares |
| Treasury Shares at Period-End | 187,946 Shares |
| Factors Behind Changes in Business Performance | Inquiries and orders in the Tokyo metropolitan area increased as solution sales for office furniture expanded, while some sales declined due to the discontinuation of production for certain custom products and a decrease in projects involving building ancillary equipment. The company worked to pass on cost increases resulting from raw material prices and the weaker yen, bill for associated expenses, reduce costs, and improve project-level margins through selective order acceptance. However, gross profit declined due to lower factory utilization, while personnel expenses increased as a result of workforce expansion and improved employee compensation, and advertising expenses rose following the publication of a comprehensive catalog. |
Items this document does not state (10)
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.In office furniture, inquiries and orders in the Tokyo metropolitan area increased as solution sales targeting workplace reform expanded, while sales of building ancillary equipment declined. On the earnings side, factors affecting results included lower factory utilization following the discontinuation of production for some custom products, higher prices for imported products due to rising raw material prices and the weaker yen, and increases in personnel expenses associated with strengthening sales capabilities and advertising expenses related to the publication of a comprehensive catalog.