Fiscal Year Ending March 2026 Supplementary Financial Results Materials

Overview of Business Performance

The consolidated results for the fiscal year ending March 2026 recorded net sales of 206.44 billion yen (up 3.0% YoY), operating profit of 19.40 billion yen (up 7.0% YoY), and net income attributable to owners of the parent of 14.64 billion yen (up 16.7% YoY), marking a record high. Domestic segments remained resilient with strong performance, and overseas segments also increased. Operating profit grew primarily due to the growth of the domestic interior segment and improved profitability overseas. Despite missing some sales targets, profit plans were achieved.

Segment-by-Segment Performance

The domestic interior segment maintained sales at the previous year despite weak domestic demand and supply constraints, thanks to price revisions and product portfolio improvements, achieving profit targets. The domestic exterior segment recorded increases in both sales and profit despite challenging market conditions. The overseas segment saw growth in sales driven by strong North American performance and improved management in Southeast Asia, China, and Hong Kong, with significant profit improvements, although sales fell short of targets.

Outlook for Fiscal Year Ending March 2027

Net sales are projected to reach 213.00 billion yen (up 3.2% YoY), with operating profit of 19.00 billion yen (down 2.1% YoY) and net income attributable to owners of the parent of 13.50 billion yen (down 7.8% YoY). The annual per-share dividend is planned to be maintained at 155.0 yen (interim 77.5 yen, final 77.5 yen). While considering market uncertainties, investment for growth strategies has been incorporated.

Mid-term Management Plan

On May 13, 2026, a new four-year 'Mid-term Management Plan 2029' (fiscal years ending March 2027 to March 2030) was formulated, with the target year being FY2029. Key financial targets include consolidated net sales of 250.0 billion yen, operating profit of 25.0 billion yen, net income of 17.0 billion yen, ROE of 14.0%, and ROIC of 11.0%.