Financial Summary for the Fiscal Year Ending March 2026 [Japanese GAAP] (Non-Consolidated)

Overview of Performance

For the fiscal year ending March 2026, supported by office relocations and rising demand for renovations, the core products—movable partitions and toilet booths—performed well, resulting in net sales of 46,725 million yen (up 4.7% YoY). Operating income was 4,099 million yen (up 12.8% YoY) and net income attributable to owners of parent increased to 3,048 million yen (up 15.0% YoY), achieving both revenue and profit growth. The gross profit margin improved to 36.1% due to increased sales of high value-added products, offsetting the rise in labor costs. By product category, movable partitions, mobile partitions, and toilet booths showed growth.

Financial Position and Cash Flow Status

Total assets increased by 1,847 million yen from the previous fiscal year to 48,603 million yen, mainly due to an increase in fixed assets. The equity ratio remained at a high level of 80.7%. Cash flow from operating activities increased by 4,385 million yen, while cash flow from investing activities decreased by 6,086 million yen, primarily reflecting capital expenditures for the construction of Building No. 2 at the Kaga Factory. Cash flow from financing activities decreased by 1,803 million yen due to dividend payments and other factors.

Outlook and Dividend Policy

For the fiscal year ending March 2027, earnings forecasts anticipate net sales of 48,600 million yen (up 4.0% YoY), operating income of 4,260 million yen (up 3.9% YoY), and net income attributable to owners of parent of 3,050 million yen (flat YoY). The dividend is planned at 135 yen annually, based on the fundamental policy of stable and continuous profit distribution targeting a dividend on equity (DOE) ratio of 6%. Under the medium-term management plan “NEXT VISION 2028,” the company will focus on growth in existing businesses, development of new products, and advancement of production and logistics operations to enhance corporate value.