Financial Summary for the Fiscal Year Ending December 2025 [Japanese GAAP] (Consolidated)

Overview of Performance

In the fiscal year ending December 2025, consolidated net sales remained largely flat at ¥202.049 billion (0.1% decrease YoY), while operating income significantly increased to ¥4.3 billion (79.5% increase YoY) and ordinary income rose sharply to ¥5.544 billion (54.9% increase YoY). Net income attributable to owners of parent was ¥3.358 billion (23.4% decrease YoY). Domestic business achieved growth in both sales and profits driven by expanded sales of high value-added and environmentally friendly products. Overseas operations saw profit growth through cost control despite a decrease in sales. The equity ratio remained steady at 59.0%.

Outlook

For the fiscal year ending December 2026, net sales are forecasted at ¥210 billion (3.9% increase YoY), operating income at ¥4.5 billion (4.6% increase YoY), and net income attributable to owners of parent at ¥8.6 billion (156.0% increase YoY). Domestically, expansion of environmentally friendly products and high-efficiency water heaters is planned, while overseas efforts focus on stabilizing the Chinese market and continuing growth in North America and Australia. As the final year of the mid-term management plan 'V Plan 26,' efforts will be made to transform the business portfolio, pursue strategic investments, and promote sustainability management.