First Quarter results for the Fiscal Year ending March 2027 (Japanese Standards) [Consolidated]

Overview of performance

For the first quarter of the consolidated period, net sales were 6,235 million yen, operating income 659 million yen, ordinary income 781 million yen, and net income attributable to owners of the parent 557 million yen, achieving substantial increases in both revenue and profit versus the same period last year. By segment, the heavy packaging bags saw higher sales and profit, film products saw higher sales due to increased shipments, containers saw increases in both sales and quantity, and real estate leasing declined slightly. Factors cited include demand brought forward due to Middle East developments and rising costs. The full-year outlook is for net sales of 25,000 million yen, ordinary income of 2,150 million yen, and net income attributable to owners of the parent 1,350 million yen. Note regarding Nessco-related receivables collection risk.

Outlook and risks

From the second quarter onward, the risk of demand pullback due to intensifying Middle East tensions is a concern, but we plan to sustain sales volumes and control various expenses to maintain profitability. Depending on Nessco-related receivables collection status, there may be impacts, and additional information will be disclosed once recovery estimates are determined. The full-year outlook has been disclosed and the current assumptions are maintained.