FY2026 Full-Year Consolidated Financial Results Overview

Performance Overview

For the fiscal year ending March 2026, consolidated results were net sales of 1,580,460 million yen (down 2.0% YoY), operating income of 44,675 million yen (up 18.9%), and net income attributable to owners of the parent of 16,775 million yen (up 55.8%). The company's profitability improved steadily due to effective control of sales and administrative expenses and structural reforms. Operating income before goodwill amortization reached 57,401 million yen, an increase of 7.8% compared to the same period last year.

Segment and Regional Trends

In the domestic and company-wide segments, strong growth in gross profit in the second half resulted in a full-year increase of 4.6 billion yen. The overseas segment covered sluggish top-line growth in Greater China and ASEAN through structural reforms and cost reductions, posting a 2.8 billion yen increase. Quarter by quarter, cost control in the first half and gross profit growth in the second half contributed to a 7.4 billion yen increase in operating income before goodwill amortization.

Earnings Forecast for FY2027

The forecast for the fiscal year ending March 2027 projects consolidated net sales of 1,675,000 million yen (up 6.0% YoY), operating income of 46,700 million yen (up 4.5%), and net income attributable to owners of the parent of 26,000 million yen (up 55.0%). Continued profit growth is expected to achieve an ROE before goodwill amortization of over 10%.

Progress of Mid-term Management Plan

The mid-term management plan (FY2025–FY2027) sets targets such as an average annual growth rate of over 10% for operating income before goodwill amortization, over 5% for gross profit growth, an operating margin of over 13%, and an ROE before goodwill amortization of over 10%. Results for FY2026 show a 14.3% increase in operating income, 2.3% increase in gross profit, a 14.1% operating margin, and 7.6% ROE, indicating the company is on a growth trajectory.

Shareholder Returns and Dividend Forecast

The dividend forecast for FY2026 is a total of 32 yen per share, including the interim dividend already paid. A total of 32 yen per share is also planned for FY2027.