Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
In the housing industry, new housing starts remained sluggish due to soaring construction costs, a reaction to front-loaded demand ahead of revisions to the Building Standards Act and other regulations, and the cautious stance of residential mortgage borrowers. The comprehensive building materials wholesale business reported lower earnings because it was unable to fully offset increases in personnel expenses and freight costs, while the comprehensive building materials retail business also reported lower earnings. Meanwhile, the plywood manufacturing and timber processing business narrowed its loss through efforts in manufacturing and sales.
Not applicable.
| 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 | ¥398,820 million (YoY +1.4%) |
| Operating profit | ¥6,434 million (YoY -12.6%) |
| Ordinary income | ¥7,151 million (YoY -8.3%) |
| Profit attributable to owners of the parent | ¥4,033 million (YoY -5.8%) |
| Net income per share | ¥148.87 |
| Operating Margin | 1.6％ |
| Equity ratio | End of the current fiscal period 29.5％ / End of previous period 28.5％ |
| Total assets | ¥217,677 million |
| Net assets | ¥66,280 million |
| Cash flows from operating activities | ¥4,926 million |
| Cash flows from investing activities | ¥-2,202 million |
| Cash flows from financing activities | ¥-9,088 million |
| Cash and cash equivalents at end of period | ¥43,954 million |
| Full-year earnings forecast | Net Sales ¥407,000 million (YoY +2.1%) / Operating profit ¥6,600 million (YoY +2.6%) / Ordinary income ¥7,000 million (YoY -2.1%) / Net income ¥4,200 million (YoY +4.1%) |
| Annual Dividend Forecast | ¥55 per share → ¥60 per share（+9.1%） |
| Payout ratio | 36.9％ |
| Shareholder Return Policy | During the period covered by the new medium-term management plan, the company will target a dividend payout ratio of at least 30% and aims for a DOE (dividend on equity ratio) of 3% in the final year. |
| Segment revenue | Comprehensive building materials wholesale business ¥331,072 million (YoY +2.0%), Plywood manufacturing and timber processing business ¥11,342 million (YoY -4.4%), Comprehensive building materials retail business ¥51,241 million (YoY -2.9%) |
| Segment profit | Comprehensive building materials wholesale business ¥6,362 million (YoY -7.5%), Plywood manufacturing and timber processing business ¥-621 million, Comprehensive building materials retail business ¥808 million (YoY -27.0%) |
| Depreciation and amortization | ¥2,375 million |
| Impairment loss | ¥1 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥57 million, Gain on sale of investment securities ¥19 million / Extraordinary loss Loss on sale of fixed assets ¥50 million, Loss on Disposal of Fixed Assets ¥27 million, Impairment Losses ¥1 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | Newly consolidated: 0 companies; excluded: 0 companies (company names: —) |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors; scheduled for 27 May 2026) |
| Issued Shares at Period-End | 31,040,016 |
| Treasury Shares at Period-End | 4,814,260 |
| Factors Behind Changes in Business Performance | In the housing industry, new housing starts remained sluggish due to soaring construction costs, a reaction to front-loaded demand ahead of revisions to the Building Standards Act and other regulations, and the cautious stance of residential mortgage borrowers. The comprehensive building materials wholesale business reported lower earnings because it was unable to fully offset increases in personnel expenses and freight costs, while the comprehensive building materials retail business also reported lower earnings. Meanwhile, the plywood manufacturing and timber processing business narrowed its loss through efforts in manufacturing and sales. |
Items this document does not state (3)
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.Demand was weak in the housing industry, with new housing starts remaining sluggish, and the company was unable to fully offset increases in personnel expenses and freight costs. The plywood manufacturing and timber processing business narrowed its loss, while the comprehensive building materials wholesale and comprehensive building materials retail businesses reported lower earnings.