Contact
Business
Customers​ Consumers
(in Japanese) ​ Japanese 
  1. TOP
  2. Investor Relations
  3. IR resource room
  4. Latest financial results

Latest financial results

Overview of business results for the current interim period

During this interim consolidated accounting period, the global economy remained uncertain due to the prolonged trade friction between the United States and China, as well as heightened geopolitical risks stemming from the situation in the Middle East and Ukraine.
In the current fiscal year, the final year of our medium-term management plan "RISE TO GROWTH 2026," our group is promoting various measures based on our seven key strategies and ESG strategy. During this interim consolidated accounting period, in order to enhance our sustainable growth, we have strived to further expand sales and profits by proposing new ways of working and office spaces that implement those ways of working, and by developing sales activities that focus on value enhancement.

(Unit: million yen)

2025
middle
Consolidated accounting period		 2026
Intermediate connection
Accounting period		 Increase/decrease amount Rate of change
Sales 79,244 86,316 7,072 8.9％
Gross profit 33,869 37,364 3,495 10.3％
Selling, general and administrative expenses 23,243 25,731 2,488 10.7％
Operating income 10,625 11,632 1,006 9.5％
Non-operating income 280 363 83 29.7％
Non-operating expenses 408 415 6 1.6％
Ordinary profit 10,497 11,580 1,083 10.3％
Extraordinary income 71 114 43 60.2％
Extraordinary losses  103 289 186 180.0％
Interim net income before taxes and other adjustments 10,465 11,405 940 9.0％
Total corporate income taxes, etc.  3,510 3,653 142 4.1％
Interim net profit 6,955 7,752 797 11.5％
Belonging to the parent company shareholders
Interim Net Profit		 6,960 7,748 788 11.3％

Sales

Revenue increased by 7,072 million yen (8.9%) compared to the same period last year, reaching 86,316 million yen, as expected. Furthermore, in the interim period, revenue increased for the fifth consecutive period, and sales reached a new record high for the fourth consecutive period.

  • Workplace Business performed steadily, primarily driven by renovation projects tailored to new, hybrid work styles.
  • Equipment & Public Works-Related Business saw a significant increase in revenue, mainly due to strong performance in equipment sales to research facilities.

Gross profit

Compared to the same period last year, profits increased by 3,495 million yen (10.3%) to 37,364 million yen.

  • Workplace Business saw increased profits due to increased revenue.
  • Equipment & Public Works-Related Business saw a significant increase in profits, primarily due to increased revenue from equipment for research facilities and improved profit margins resulting from enhanced value proposition.

Selling, general and administrative expenses

In addition to increased personnel costs due to business expansion, strategic expenditures aimed at future growth, such as strengthening the foundation for promoting AX (Automated Transactions), were executed as planned. As a result, sales increased by 2,488 million yen (10.7%) to 25,731 million yen compared to the same period of the previous year.

Operating income

As a result, operating profit increased by 1,006 million yen (9.5%) compared to the same period of the previous year, reaching 11,632 million yen, as expected. Furthermore, this marks the second consecutive period of profit growth in the interim period, setting a new record high.

  • While Workplace Business saw steady sales growth and increased revenue, profits decreased due to increased selling, general and administrative expenses.
  • Equipment & Public Works-Related Business saw a significant increase in profits, primarily due to increased revenue from equipment for research facilities and improved profit margins resulting from enhanced value proposition.

Non-operating income

Due to an increase in foreign exchange gains, etc., the total amount increased by 83 million yen (29.7%) compared to the same period of the previous year, reaching 363 million yen.

Non-operating expenses

Due to an increase in interest payments and other expenses, the total amount increased by 6 million yen (1.6%) compared to the same period of the previous year, reaching 415 million yen.

Ordinary profit

As a result of the above, ordinary profit increased by 1,083 million yen (10.3%) compared to the same period of the previous year, reaching 11,580 million yen.

Extraordinary income

Due to the recording of the reversal of the provision for losses related to voluntary product recalls, etc., the amount increased by 43 million yen (60.2%) compared to the same period of the previous year, reaching 114 million yen.

Extraordinary losses 

Due to the recording of impairment losses and other factors, the total amount increased by 186 million yen (180.0%) compared to the same period of the previous year, reaching 289 million yen.

Interim net income attributable to owners of parent

As a result of the above, interim net income attributable to parent company shareholders increased by 788 million yen (11.3%) compared to the same period of the previous year, reaching 7,748 million yen.

The performance by segment is as follows:

(Unit: million yen)

Segment name Mid-year 2025
Consolidated accounting period		 Mid-year 2026
Consolidated accounting period		 Increase/decrease amount Rate of change
Workplace Business Sales 58,571 62,365 3,793 6.5％
Operating income 8,322 8,019 △303 △3.6％
Equipment & Public Works-Related Business
​		 Sales 19,897 23,196 3,298 16.6％
Operating income 2,221 3,544 1,322 59.6％
Reportable segment total Sales 78,468 85,561 7,092 9.0％
Operating income 10,543 11,563 1,019 9.7％
Others Sales 775 754 △20 △2.7％
Operating income 81 69 △12 △15.0％
Total Sales 79,244 86,316 7,072 8.9％
Operating income 10,625 11,632 1,006 9.5％

Overview of financial position for the current interim period

Assets, liabilities and net assets

(Unit: million yen)

2025
End of December		 2026
End of June		 Increase/decrease amount Rate of change
Assets section 130,724 130,144 △580 △0.4％
debt section 73,910 68,174 △5,736 △7.8％
Of Net Assets 56,813 61,969 5,155 9.1％

Assets section

Total assets decreased by 580 million yen compared to the end of the previous consolidated fiscal year, to 130,144 million yen, due to a decrease in deferred tax assets, etc.

debt section

Total liabilities decreased by 5,736 million yen compared to the end of the previous consolidated fiscal year, to 68,174 million yen, due to a decrease in notes payable, accounts payable, electronically recorded liabilities, etc.

Of Net Assets

Net assets increased by 5,155 million yen compared to the end of the previous consolidated fiscal year, reaching 61,969 million yen, due to an increase in retained earnings resulting from increased profits. The equity ratio increased by 4.2 percentage points from the end of the previous consolidated fiscal year, reaching 47.5%.

Cash flow situation

At the end of this interim consolidated accounting period, the balance of cash and cash equivalents (hereinafter referred to as "funds") increased by 1,351 million yen compared to the end of the previous consolidated fiscal year, reaching 22,172 million yen.
The following outlines the cash flows and their contributing factors during this interim consolidated accounting period.

Cash flow from operating activities

Driven primarily by increased revenue, the increase in funds from operating activities was 4.003 billion yen (compared to an increase of 4.06 billion yen in the same period of the previous year).

Cash flow from investing activities

While there were some incomes from the cancellation of insurance reserves, expenditures for capital investments in the head office showroom (IDH) and factory resulted in a decrease of 1.18 billion yen in funds from investment activities (compared to a decrease of 2.476 billion yen in the same period of the previous year).

Cash flow from financing activities

Due to dividend payments and other factors, the decrease in funds from financing activities amounted to 1,596 million yen (compared to an increase of 978 million yen in the same period of the previous year).

Explanation of future forecast information such as consolidated performance forecast

At this time, there are no changes to the full-year consolidated earnings forecast announced in the "Financial Results for the Fiscal Year Ended December 2025" on February 13, 2026. Any events requiring revisions in the future will be disclosed promptly.

CONTACT

For all inquiries, please click here.

Contact