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.
Structural demand contraction in the printing and information paper sectors, weaker personal consumption due to rising prices, and lower sales volumes in the Chinese and Southeast Asian markets due to U.S. tariff measures and other factors. In the real estate leasing business, no lease contract was concluded for the HSK Minamisenba Building, while depreciation and property management expenses were incurred ahead of revenue.
No applicable matters
| 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 | ¥15,796 million (YoY -1.5%) |
| Operating profit | ¥99 million (YoY -30.3%) |
| Ordinary income | ¥146 million (YoY -29.1%) |
| Profit attributable to owners of the parent | ¥78 million (YoY -32.8%) |
| Net income per share | ¥8.38 |
| Operating Margin | 0.6% |
| Equity ratio | End of the current fiscal period 57.6% / End of previous period 55.2% |
| Total assets | ¥17,774 million |
| Net assets | ¥10,246 million |
| Cash flows from operating activities | ¥1,046 million |
| Cash flows from investing activities | ¥-383 million |
| Cash flows from financing activities | ¥-838 million |
| Cash and cash equivalents at end of period | ¥2,194 million |
| Full-year earnings forecast | Net Sales ¥16,400 million (YoY +3.8%) / Operating profit ¥157 million (YoY +57.9%) / Ordinary income ¥222 million (YoY +51.9%) / Net income ¥155 million (YoY +97.1%) |
| Annual Dividend Forecast | ¥12 → ¥12（0.0%） |
| Payout ratio | Fiscal year ending March 2026 143.2% / Forecast for the fiscal year ending March 2027 71.6% |
| Segment revenue | Western and Japanese paper wholesale business ¥16,404 million (YoY -1.4%), Real estate leasing ¥28 million (YoY +8.2%) |
| Segment profit | Western and Japanese paper wholesale business ¥92 million (YoY -24.2%), Real estate leasing ¥7 million (YoY -62.3%) |
| Depreciation and amortization | ¥187 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of golf club memberships ¥3,427 thousand / Extraordinary loss Loss on disposal and sale of non-current assets ¥4,300 thousand, Office relocation expenses ¥4,137 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | No additions or exclusions. The 3 consolidated subsidiaries are 平和興産株式会社, 株式会社辻和 and 平和紙業（香港）有限公司. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 10,116,917 |
| Treasury Shares at Period-End | 865,895 |
| Factors Behind Changes in Business Performance | Structural demand contraction in the printing and information paper sectors, weaker personal consumption due to rising prices, and lower sales volumes in the Chinese and Southeast Asian markets due to U.S. tariff measures and other factors. In the real estate leasing business, no lease contract was concluded for the HSK Minamisenba Building, while depreciation and property management expenses were incurred ahead of revenue. |
Items this document does not state (6)
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.Structural demand contraction in the printing and information paper sectors, weaker personal consumption due to rising prices, and lower sales volumes in the Chinese and Southeast Asian markets due to U.S. tariff measures and other factors reduced revenue and earnings. In the real estate leasing business, there were no lease contracts for the HSK Minamisenba Building, while depreciation and property management expenses were incurred ahead of revenue. Going forward, the company plans to expand into premium packaging applications, functional paper, sustainable products and new specialty materials, while also monetizing its leasing properties.