Worth reading
59In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-35.9
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales21,122¥ millionYear on year -0.5%Progress 91.8%
Operating profit772¥ millionYear on year -35.9%Progress 77.2%
Ordinary income697¥ millionYear on year -44.9%Progress 73.4%
Net income attributable to owners of the parent291¥ millionYear on year -67.8%Progress 52.0%
The 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.
Net income per share¥16.02
Operating Margin3.7%
Financial position at period-end
Total assets21,246¥ million
of which net assets 12,784 ¥ millionEquity ratio 60.2%vs. prior year-end -2.8pt
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.
Cash inflows and outflows
Operating+427
Investment+190
Financials+392
Net change+1,009
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥2,405 million
Segment revenueはせがわ Buddhist altars, Buddhist altar fittings and gravestones ¥17,711 million (YoY -4.2%), はせがわ Indoor cemeteries ¥306 million (YoY -46.2%), はせがわ Food service, food products and miscellaneous goods ¥379 million (YoY +32.6%), はせがわ Peaceful Life Support ¥269 million (YoY +105.9%), 現代仏壇 Buddhist altars and Buddhist altar fittings ¥1,689 million (YoY +99.4%)
Segment profitはせがわ Buddhist altars, Buddhist altar fittings and gravestones ¥1,101 million, はせがわ Indoor cemeteries ¥68 million, はせがわ Food service, food products and miscellaneous goods ¥-12 million, はせがわ Peaceful Life Support ¥-11 million, 現代仏壇 Buddhist altars and Buddhist altar fittings ¥-85 million
Regional sales¥14,223 million (YoY -4.3%), ¥3,487 million (YoY -4.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥23,000 million (YoY +8.9%)
Operating profit¥1,000 million (YoY +29.5%)
Ordinary income¥950 million (YoY +36.2%)
Net income¥560 million (YoY +92.2%)
Annual Dividend Forecast¥15 → ¥15（0.0%）
Payout ratioFiscal year ending March 2026 93.6% / Forecast for the fiscal year ending March 2027 48.7%
Factors Behind Changes in Business Performance
The market contracted, competition to acquire customers intensified, products became smaller and simpler, and labor costs rose. At the same time, the Company pursued store initiatives, optimization of its store portfolio, labor-saving and consolidation of operations, and expansion of its Peaceful Life Support business.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Not disclosed / Excluded Not disclosed / Company name Not disclosed / Description No material changes to the scope of consolidation during the period
Material subsequent eventsNo applicable matters.
Impairment loss¥87 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Losses ¥87 million
Depreciation and amortization¥269 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End18,646,376 Shares
Treasury Shares at Period-End455,989 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥21,122 million (YoY -0.5%) |
| Operating profit | ¥772 million (YoY -35.9%) |
| Ordinary income | ¥697 million (YoY -44.9%) |
| Profit attributable to owners of the parent | ¥291 million (YoY -67.8%) |
| Net income per share | ¥16.02 |
| Operating Margin | 3.7% |
| Equity ratio | End of the current fiscal period 60.2% / End of previous period 63.0% |
| Total assets | ¥21,246 million |
| Net assets | ¥12,784 million |
| Cash flows from operating activities | ¥427 million |
| Cash flows from investing activities | ¥190 million |
| Cash flows from financing activities | ¥392 million |
| Cash and cash equivalents at end of period | ¥2,405 million |
| Full-year earnings forecast | Net Sales ¥23,000 million (YoY +8.9%) / Operating profit ¥1,000 million (YoY +29.5%) / Ordinary income ¥950 million (YoY +36.2%) / Net income ¥560 million (YoY +92.2%) |
| Annual Dividend Forecast | ¥15 → ¥15（0.0%） |
| Payout ratio | Fiscal year ending March 2026 93.6% / Forecast for the fiscal year ending March 2027 48.7% |
| Segment revenue | はせがわ Buddhist altars, Buddhist altar fittings and gravestones ¥17,711 million (YoY -4.2%), はせがわ Indoor cemeteries ¥306 million (YoY -46.2%), はせがわ Food service, food products and miscellaneous goods ¥379 million (YoY +32.6%), はせがわ Peaceful Life Support ¥269 million (YoY +105.9%), 現代仏壇 Buddhist altars and Buddhist altar fittings ¥1,689 million (YoY +99.4%) |
| Segment profit | はせがわ Buddhist altars, Buddhist altar fittings and gravestones ¥1,101 million, はせがわ Indoor cemeteries ¥68 million, はせがわ Food service, food products and miscellaneous goods ¥-12 million, はせがわ Peaceful Life Support ¥-11 million, 現代仏壇 Buddhist altars and Buddhist altar fittings ¥-85 million |
| Regional sales | ¥14,223 million (YoY -4.3%), ¥3,487 million (YoY -4.0%) |
| Depreciation and amortization | ¥269 million |
| Impairment loss | ¥87 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Impairment Losses ¥87 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 Not disclosed / Excluded Not disclosed / Company name Not disclosed / Description No material changes to the scope of consolidation during the period |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Yes (for institutional investors) |
| Issued Shares at Period-End | 18,646,376 Shares |
| Treasury Shares at Period-End | 455,989 Shares |
| Factors Behind Changes in Business Performance | The market contracted, competition to acquire customers intensified, products became smaller and simpler, and labor costs rose. At the same time, the Company pursued store initiatives, optimization of its store portfolio, labor-saving and consolidation of operations, and expansion of its Peaceful Life Support business. |
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyOrders received and order backlog
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 factors cited include the contraction of the market for religious goods, intensifying competition to acquire customers, the smaller and simpler design of products, and rising labor costs. The Company pursued more efficient and labor-saving store operations, optimization of its store portfolio, and expansion of its Peaceful Life Support business.
How to read this page
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