Revised forecast
Fiscal year ending June 2026 · Full yearPrevious forecast published 9 February 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.
Net sales increased due to the acquisition of electricity sales contracts, steady performance in the power generation business, and the shift to external sales of logs. Operating profit decreased due to higher electricity procurement costs, curtailment of power generation output caused by difficulties securing fuel chips, and higher expenses resulting from an increase in personnel. Ordinary profit increased due to gains on electricity futures and valuation gains on derivatives for future delivery months, while net income also increased as a result of the increase in ordinary profit.
| Item | Details |
|---|---|
| Net Sales | ¥19,500 million → ¥20,737 million（+6.3%） |
| Operating profit | ¥1,400 million → ¥419 million（-70.0%） |
| Ordinary income | ¥900 million → ¥1,672 million（+85.9%） |
| Profit attributable to owners of the parent | ¥630 million → ¥1,198 million（+90.3%） |
| Net income per share | 29.78 yen and sen → 56.67 yen and sen |
| Fiscal Period Covered | Fiscal year ending June 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 9 February 2026 |
| Previous-period results | Consolidated: net sales of ¥17,599 million, operating profit of ¥1,320 million, ordinary profit of ¥1,103 million, profit attributable to owners of the parent of ¥706 million, and earnings per share of ¥33.26. Non-consolidated: net sales of ¥4,122 million, ordinary profit of ¥657 million, net income of ¥613 million, and earnings per share of ¥28.91. |
| Reason for the revision | Net sales increased due to the acquisition of electricity sales contracts, steady performance in the power generation business, and the shift to external sales of logs. Operating profit decreased due to higher electricity procurement costs, curtailment of power generation output caused by difficulties securing fuel chips, and higher expenses resulting from an increase in personnel. Ordinary profit increased due to gains on electricity futures and valuation gains on derivatives for future delivery months, while net income also increased as a result of the increase in ordinary profit. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.Net sales exceeded expectations because electricity sales contracts were secured steadily and actual demand exceeded assumptions, power generation in the green energy business was generally steady, and the forestry business shifted a certain amount of its sales to external sales of logs. Operating profit deteriorated because higher market prices on the Japan Electric Power Exchange drove up electricity procurement costs, power generation output at the EF-ON Shingu Power Plant was curtailed due to difficulties securing fuel chips, and expenses increased as the forestry business expanded its workforce. Ordinary profit and net income increased due to gains on electricity futures and valuation gains on derivatives for future delivery months.