Revised forecast
Fiscal year ending May 2026 · Full yearPrevious forecast published 11 July 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.
In the Timber Business, housing starts and other indicators declined because of higher construction costs resulting from rising prices. In the Distribution Business, consumers became more price-conscious as prices rose, while in the Automotive-Related Business, revenue from various fees and other sources declined as new and used vehicle sales volumes decreased. As a result, revenue is expected to fall below the initial forecast. In the Construction Business, orders and construction progress remain solid and profit is expected to exceed the initial forecast, but each profit figure is expected to fall below the initial forecast because of the overall decline in revenue.
| Item | Details |
|---|---|
| Net Sales | ¥26,700 million → ¥23,543 million（-11.8%） |
| Operating profit | ¥400 million → ¥207 million（-48.2%） |
| Ordinary income | ¥320 million → ¥47 million（-85.0%） |
| Profit attributable to owners of the parent | ¥180 million → ¥-52 million |
| Net income per share | 28.09 yen and sen → -8.24 yen and sen |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 11 July 2025 |
| Previous-period results | Revenue: ¥24,188 million; operating profit: ¥222 million; ordinary profit: ¥104 million; profit attributable to owners of the parent: a loss of ¥7 million; earnings per share: a loss of ¥1.18 |
| Reason for the revision | In the Timber Business, housing starts and other indicators declined because of higher construction costs resulting from rising prices. In the Distribution Business, consumers became more price-conscious as prices rose, while in the Automotive-Related Business, revenue from various fees and other sources declined as new and used vehicle sales volumes decreased. As a result, revenue is expected to fall below the initial forecast. In the Construction Business, orders and construction progress remain solid and profit is expected to exceed the initial forecast, but each profit figure is expected to fall below the initial forecast because of the overall decline in revenue. |
| 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.Revenue is expected to fall below the forecast because housing starts and other indicators declined as higher prices pushed up construction costs, consumers became more price-conscious, and new and used vehicle sales volumes decreased. While orders and construction progress in the Construction Business remain solid and profit is expected to exceed the forecast, operating profit, ordinary profit and profit attributable to owners of the parent are expected to fall below the forecast because of the overall decline in revenue.