Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 8 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
During the interim period, demand for capital investment remained firm in response to needs for automation and labor saving, while replacement demand for air-conditioning equipment and other factors drove the housing equipment, piping materials, and air-conditioning divisions. The full-year forecast was revised because interim results exceeded the figures announced previously, factory operating rates are expected to remain firm in the second half, and replacement demand for air-conditioning equipment is expected.
| Item | Details |
|---|---|
| Net Sales | 546,000 Millions of yen → 576,100 Millions of yen（+5.5%） |
| Operating profit | 17,000 Millions of yen → 18,700 Millions of yen（+10.0%） |
| Ordinary income | 17,500 Millions of yen → 19,100 Millions of yen（+9.1%） |
| Profit attributable to owners of the parent | 11,500 Millions of yen → 12,500 Millions of yen（+8.7%） |
| Net income per share | ¥542.17 / sen → ¥594.54 / sen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 8 May 2026 |
| Previous-period results | Net sales: ¥545.027 billion; operating profit: ¥16.740 billion; ordinary profit: ¥17.236 billion; net income attributable to owners of the parent: ¥12.020 billion; basic earnings per share: ¥571.06 |
| Reason for the revision | During the interim period, demand for capital investment remained firm in response to needs for automation and labor saving, while replacement demand for air-conditioning equipment and other factors drove the housing equipment, piping materials, and air-conditioning divisions. The full-year forecast was revised because interim results exceeded the figures announced previously, factory operating rates are expected to remain firm in the second half, and replacement demand for air-conditioning equipment is expected. |
| Dividend forecast revision | The interim dividend was increased from ¥73.00 to ¥80.00 per share. The year-end dividend forecast of ¥117.00 was left unchanged, while the annual dividend forecast was increased from ¥190.00 to ¥197.00. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.For the interim period, demand for capital investment remained firm as needs for automation and labor saving grew at manufacturing sites, while replacement demand for air-conditioning equipment drove sales in the housing equipment, piping materials, and air-conditioning divisions. For the full year, the forecast was revised because interim results exceeded expectations, factory operating rates are expected to remain firm in the second half, and replacement demand for air-conditioning equipment is expected. The interim dividend was revised based on a comprehensive assessment of the results.