Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Results

For the cumulative third quarter of the fiscal year ending March 2026, net sales totaled ¥166,925 million (1.7% YoY increase), operating income was ¥7,961 million (25.5% YoY increase), ordinary income was ¥8,079 million (23.6% YoY increase), and net income attributable to owners of parent was ¥5,399 million (25.4% YoY increase). In the domestic cardboard segment, sales volume was below the previous year period due to decreased food product demand; however, net sales increased 3.1% YoY due to price revision effects, and operating income grew by 27.3%. The housing segment saw a 4.2% decline in net sales due to fewer units sold, resulting in an expanded operating loss. The transportation and warehousing segment recorded a 4.9% increase in net sales due to increased handling volume from newly opened logistics centers, with operating income rising 1.9%.

Financial Position and Dividend Status

Total assets increased to ¥218,155 million compared to the end of the previous consolidated fiscal year, and net assets stood at ¥98,742 million, with the equity ratio remaining nearly flat at 44.9%. The number of issued shares is 19,341,568, and treasury stock count is 2,844,974 shares. The dividend forecast for the fiscal year ending March 2026 is an annual dividend of ¥130 (interim ¥65, year-end ¥65), representing an increase of ¥30 from the previous period.

Full-Year Earnings Guidance for Fiscal Year Ending March 2026

The full-year consolidated earnings guidance forecasts net sales of ¥230,000 million (4.7% YoY increase), operating income of ¥11,000 million (17.5% YoY increase), ordinary income of ¥10,800 million (14.9% YoY increase), and net income attributable to owners of parent of ¥7,000 million (7.5% YoY increase). Earnings per share for the fiscal year is expected to be ¥424.56. There are no revisions to the earnings guidance.