Worth reading
47Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
26.4
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales203,418¥ millionYear on year +5.2%Progress 50.0%
Operating profit3,842¥ millionYear on year +26.4%Progress 58.2%
Ordinary income4,109¥ millionYear on year +23.7%Progress 58.7%
Net income attributable to owners of the parent3,142¥ millionYear on year +69.5%Progress 74.8%
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¥118.53
Financial position at period-end
Total assets222,338¥ million
of which net assets 69,284 ¥ millionEquity ratio 30.2%vs. prior year-end +0.7pt
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-696
Investment-4,646
Financials+3,206
Net change-2,136
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¥41,810 million
Segment revenueComprehensive building materials wholesale business ¥168,691 million (YoY +5.4%), Plywood manufacturing and timber processing business ¥6,072 million (YoY +7.0%), Comprehensive building materials retail business ¥26,274 million (YoY +4.0%), Other (outside reportable segments) ¥2,380 million (YoY -0.9%)
Segment profitComprehensive building materials wholesale business ¥3,528 million (YoY +18.4%), Plywood manufacturing and timber processing business ¥32 million, Comprehensive building materials retail business ¥484 million (YoY +33.2%), Other (outside reportable segments) ¥-240 million
Outlook and shareholder returns
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 → ¥60（+9.1%）
Factors Behind Changes in Business Performance
Although the recovery in demand for housing materials remained slow, revenue and profit increased as a result of sales aligned with price trends, the development of new customers, expanded sales of high-value-added products, improved production efficiency, firm market conditions for domestically produced plywood, and the development of sites and the business base through M&A.
Disclosure regarding the going concern assumption
Not applicable
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNo material changes (the number and names of companies newly consolidated or excluded are Not disclosed)
Material subsequent eventsAfter the interim period, the company made 本橋木材株式会社 and 高山木材株式会社 subsidiaries in October 2026, and made 旭機材株式会社 a subsidiary in November 2026.
Impairment loss¥1 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment ¥15 million, Gain on Sale of Investment Securities ¥79 million, Gain on liquidation of equity investments ¥621 million / Extraordinary loss Loss on Retirement of Fixed Assets ¥3 million, Impairment loss on membership rights ¥5 million, Impairment Losses ¥1 million
Depreciation and amortization¥1,170 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End31,040,016
Treasury Shares at Period-End4,288,720
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥203,418 million (YoY +5.2%) |
| Operating profit | ¥3,842 million (YoY +26.4%) |
| Ordinary income | ¥4,109 million (YoY +23.7%) |
| Profit attributable to owners of the parent | ¥3,142 million (YoY +69.5%) |
| Net income per share | ¥118.53 |
| Equity ratio | End of the current fiscal period 30.2 / End of previous period 29.5 |
| Total assets | ¥222,338 million |
| Net assets | ¥69,284 million |
| Cash flows from operating activities | ¥-696 million |
| Cash flows from investing activities | ¥-4,646 million |
| Cash flows from financing activities | ¥3,206 million |
| Cash and cash equivalents at end of period | ¥41,810 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 → ¥60（+9.1%） |
| Segment revenue | Comprehensive building materials wholesale business ¥168,691 million (YoY +5.4%), Plywood manufacturing and timber processing business ¥6,072 million (YoY +7.0%), Comprehensive building materials retail business ¥26,274 million (YoY +4.0%), Other (outside reportable segments) ¥2,380 million (YoY -0.9%) |
| Segment profit | Comprehensive building materials wholesale business ¥3,528 million (YoY +18.4%), Plywood manufacturing and timber processing business ¥32 million, Comprehensive building materials retail business ¥484 million (YoY +33.2%), Other (outside reportable segments) ¥-240 million |
| Depreciation and amortization | ¥1,170 million |
| Impairment loss | ¥1 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of property, plant and equipment ¥15 million, Gain on Sale of Investment Securities ¥79 million, Gain on liquidation of equity investments ¥621 million / Extraordinary loss Loss on Retirement of Fixed Assets ¥3 million, Impairment loss on membership rights ¥5 million, Impairment Losses ¥1 million |
| Disclosure regarding the going concern assumption | Not applicable |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | No material changes (the number and names of companies newly consolidated or excluded are Not disclosed) |
| Material subsequent events | After the interim period, the company made 本橋木材株式会社 and 高山木材株式会社 subsidiaries in October 2026, and made 旭機材株式会社 a subsidiary in November 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 31,040,016 |
| Treasury Shares at Period-End | 4,288,720 |
| Factors Behind Changes in Business Performance | Although the recovery in demand for housing materials remained slow, revenue and profit increased as a result of sales aligned with price trends, the development of new customers, expanded sales of high-value-added products, improved production efficiency, firm market conditions for domestically produced plywood, and the development of sites and the business base through M&A. |
Items this document does not state (6)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders 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.Although the recovery in demand for housing materials remained slow, the company worked to align sales with price trends, expand sales of high-value-added products, develop new customers, improve production efficiency, capitalize on firm market conditions for domestically produced plywood, and expand its business base through M&A.
How to read this page
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