Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 29 January 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.
The timing of recognition of the planned major project shifted, and the Company recognized valuation losses on investment securities and valuation losses on fund projects, including non-controlling interests. For the fund projects, the portion of the valuation losses attributable to third-party capital was recognized as a reversal gain on net loss attributable to non-controlling interests, limiting the impact on profit attributable to owners of the parent.
Valuation losses on investment securities and valuation losses on fund projects, including non-controlling interests. The amount is not disclosed.
| Item | Details |
|---|---|
| Net Sales | ¥295,000 million → ¥306,155 million（+3.8%） |
| Operating profit | ¥15,500 million → ¥10,617 million（-31.5%） |
| Ordinary income | ¥16,000 million → ¥11,427 million（-28.6%） |
| Profit attributable to owners of the parent | ¥10,000 million → ¥9,180 million（-8.2%） |
| Net income per share | 464.25 yen and sen → 426.15 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 29 January 2026 |
| Previous-period results | Fiscal year ended March 2025: net sales ¥254,879 million, operating profit ¥7,782 million, ordinary profit ¥9,437 million, profit attributable to owners of the parent ¥6,611 million, and earnings per share ¥306.98 |
| Reason for the revision | The timing of recognition of the planned major project shifted, and the Company recognized valuation losses on investment securities and valuation losses on fund projects, including non-controlling interests. For the fund projects, the portion of the valuation losses attributable to third-party capital was recognized as a reversal gain on net loss attributable to non-controlling interests, limiting the impact on profit attributable to owners of the parent. |
| Details and amount of extraordinary loss | Valuation losses on investment securities and valuation losses on fund projects, including non-controlling interests. The amount is not disclosed. |
| Dividend forecast revision | The year-end dividend forecast has not changed from ¥75.00. |
| Consolidated / non-consolidated | Consolidated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In addition to the timing of the planned recognition of a major project shifting, the Company recognized valuation losses on investment securities and valuation losses on fund projects, including non-controlling interests. As a result, operating profit and ordinary profit fell significantly below the forecast. The portion of the valuation losses on fund projects attributable to third-party capital is recognized as a reversal gain on net loss attributable to non-controlling interests, so the impact on profit attributable to owners of the parent was limited.