Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 30 May 2025The 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.
Revenue is expected to fall below the previous forecast due to the prolonged inventory adjustment and other factors, but each profit measure is expected to exceed the previous forecast due to improved profit margins and higher dividend income. The dividend will be increased based on the policy of targeting a consolidated dividend payout ratio of 50% and the revised full-year earnings forecast.
| Item | Details |
|---|---|
| Net Sales | 107,500 million yen → 99,100 million yen（-7.8%） |
| Operating profit | 1,000 million yen → 1,200 million yen（+20.0%） |
| Ordinary income | 1,000 million yen → 1,500 million yen（+50.0%） |
| Profit attributable to owners of the parent | 730 million yen → 1,050 million yen（+43.8%） |
| Net income per share | 24.54 yen and sen → 36.07 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 30 May 2025 |
| Previous-period results | Revenue: ¥116,008 million; operating income: ¥637 million; ordinary income: ¥578 million; net income attributable to owners of the parent: ¥505 million; net income per share: ¥15.75 |
| Reason for the revision | Revenue is expected to fall below the previous forecast due to the prolonged inventory adjustment and other factors, but each profit measure is expected to exceed the previous forecast due to improved profit margins and higher dividend income. The dividend will be increased based on the policy of targeting a consolidated dividend payout ratio of 50% and the revised full-year earnings forecast. |
| Dividend forecast revision | The year-end dividend has been increased by ¥6.00 per share, changed from ¥6.50 to ¥12.50, and the annual dividend has been changed from ¥12.50 to ¥18.50 per share. |
| 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.Revenue is expected to fall below the previous forecast due to the prolonged inventory adjustment and other factors, but operating income, ordinary income and net income attributable to owners of the parent are expected to exceed the previous forecasts due to improved profit margins and higher dividend income. The dividend was increased based on the policy of balancing stable, ongoing dividend payments with investment in the growth strategy, with a consolidated dividend payout ratio of approximately 50% as a guideline.