Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Under Japanese GAAP)
Company name : Alfresa Holdings Corporation
Listing : Prime Market of Tokyo Stock Exchange Securities code : 2784
URL : https://www.alfresa.com/
Representative : Ryuji Arakawa, Representative Director & President
Inquiries : Takashi Sasaki, Executive Officer, General Manager, Financial Planning Department Telephone: TEL : +81-3-5219-5102
Scheduled date of annual general meeting of shareholders: June 24, 2026 Scheduled date to commence dividend payments: June 2, 2026 Scheduled date to file annual securities report: June 23, 2026 Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for institutional investors and analysts)
May 15, 2026
(Yen amounts are rounded down to millions, unless otherwise noted)
-
Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
Consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Fiscal year ended
¥ Million
%
¥ Million
%
¥ Million
%
¥ Million
%
March 31, 2026
3,104,064
4.8
36,164
(5.0)
38,634
(4.6)
41,746
52.4
March 31, 2025
2,961,051
3.6
38,080
(1.0)
40,485
1.2
27,389
(7.3)
Note : Comprehensive income : For the fiscal year ended March 31, 2026 ¥ 39,264 million [54.7 %]
For the fiscal year ended March 31, 2025 ¥ 25,387 million [(34.9) %]
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary profit to total assets
Ratio of operating profit
to net sales
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2026
229.64
-
8.4
2.6
1.2
March 31, 2025
147.54
-
5.7
2.8
1.3
Reference : Share of profit (loss) of entities accounted for using equity method : For the fiscal year ended March 31, 2026 ¥ － million For the fiscal year ended March 31, 2025 ¥ － million
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
¥ Million
¥ Million
%
Yen
March 31, 2026
1,507,016
507,903
33.7
2,792.01
March 31, 2025
1,439,885
482,247
33.5
2,650.27
Reference : Owners' equity : As of March 31, 2026 ¥ 507,357 million As of March 31, 2025 ¥ 481,788 million
Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Fiscal year ended
March 31, 2026
¥ Million
38,566
¥ Million
(8,721)
¥ Million
(14,047)
¥ Million
190,684
March 31, 2025
5,639
(24,917)
(23,534)
174,813
-
Cash dividends
Annual dividends per share
Total amount of dividends
Dividend payout ratio
Dividend on equity
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
¥ Million
%
%
Fiscal year ended March 31, 2025
-
31.00
-
32.00
63.00
11,637
42.7
2.4
Fiscal year ended March 31, 2026
-
34.00
-
34.00
68.00
12,389
29.6
2.5
Fiscal year ending March 31, 2027 (Forecast)
-
35.00
-
36.00
71.00
61.0
- Consolidated performance forecast for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
¥ Million | % | ¥ Million | % | ¥ Million | % | ¥ Million | % | Yen | |
First six months ending September 30, 2026 | 1,542,000 | 0.8 | 13,300 | (17.9) | 14,500 | (17.1) | 7,900 | (31.4) | 44.23 |
Fiscal year ending March 31, 2027 | 3,144,000 | 1.3 | 33,900 | (6.3) | 36,600 | (5.3) | 20,800 | (50.2) | 116.47 |
Significant changes in the scope of consolidation during the period : None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations : None
Changes in accounting policies due to other reasons : None
Changes in accounting estimates : None
Restatement : None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2026
191,300,000 shares
As of March 31, 2025
191,300,000 shares
Number of treasury shares at the end of the period
As of March 31, 2026
9,582,018 shares
As of March 31, 2025
9,511,326 shares
Average number of shares outstanding during the period
Fiscal year ended March 31, 2026 | 181,786,529 shares |
Fiscal year ended March 31, 2025 | 185,637,050 shares |
Note : The Company's shares held by the Board Incentive Plan trust are included in the treasury stock deducted to calculate ii and iii above.
[Reference] Overview of non-consolidated financial results 1. Non-consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)Non-consolidated operating results
(Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit
Fiscal year ended
¥ Million
%
¥ Million
%
¥ Million
%
¥Million
%
March 31, 2026
19,548
(4.6)
15,917
(11.7)
15,821
(12.0)
16,771
(8.7)
March 31, 2025
20,481
18.7
18,023
22.0
17,970
26.4
18,376
38.2
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
March 31, 2026
92.26
-
March 31, 2025
98.99
-
Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of | ¥ Million | ¥ Million | % | Yen |
March 31, 2026 | 275,642 | 220,367 | 79.9 | 1,212.69 |
March 31, 2025 | 272,836 | 219,025 | 80.3 | 1,204.83 |
Reference : Owners' equity : As of March 31, 2026 ¥ 220,367 million As of March 31, 2025 ¥ 219,025 million
*Summary of Consolidated Financial Statements are not required to be reviewed by an independent auditor.
*Proper use of earnings forecasts, and other special matters
The forward-looking statements, such as performance forecasts contained herein, are forecasts based on information currently possessed by the Company and are based on certain assumptions deemed to be reasonable. The Company does not guarantee the achievement of them. Actual performance may differ substantially from these forecasts due to various factors.
Consolidated Financial StatementsFY2025 consolidated balance sheets
(Millions of yen)
Year-end FY2024 (As of March 31, 2025) | Year-end FY2025 (As of March 31, 2026) | |
(Assets) Current assets Cash and deposits Trade notes receivable Accounts receivable Merchandise and finished goods Work in process Raw materials and supplies Other receivables Other Allowance for doubtful accounts | 177,085 11,801 633,977 157,286 2,071 8,312 84,368 19,925 (331) | 193,066 12,295 670,412 161,895 2,280 8,683 93,544 17,463 (327) |
Total current assets | 1,094,496 | 1,159,314 |
Non-current assets Property, plant and equipment Buildings and structures Less accumulated depreciation | 144,999 (68,670) | 162,837 (73,626) |
Buildings and structures (net) | 76,328 | 89,211 |
Machinery, equipment and vehicles Less accumulated depreciation | 50,458 (30,109) | 60,719 (33,163) |
Machinery, equipment and vehicles (net) | 20,348 | 27,556 |
Tools and fixtures Less accumulated depreciation | 17,265 (12,211) | 19,252 (13,278) |
Tools and fixtures (net) | 5,053 | 5,974 |
Land | 70,908 | 71,987 |
Leased assets Less accumulated depreciation | 6,330 (3,035) | 6,461 (2,814) |
Leased assets (net) | 3,294 | 3,647 |
Construction in progress | 16,501 | 3,231 |
Total property, plant and equipment | 192,436 | 201,609 |
Intangible assets Goodwill Leased assets Other | 1,402 0 10,061 | 1,000 0 12,126 |
Total intangible assets | 11,464 | 13,127 |
Investments and other assets Investment securities Long-term loans receivables Deferred tax assets Net defined benefit asset Other Allowance for doubtful accounts | 115,315 2,089 4,788 9,156 12,432 (2,295) | 106,363 2,072 3,269 10,615 13,249 (2,606) |
Total investments and other assets | 141,487 | 132,964 |
Total non-current assets | 345,388 | 347,701 |
Total assets | 1,439,885 | 1,507,016 |
(Millions of yen)
Year-end FY2024 (As of March 31, 2025) | Year-end FY2025 (As of March 31, 2026) | |
(Liabilities) Current liabilities Trade notes and accounts payable Long-term lease obligations due within one year Income taxes payable Provision for employees' bonuses Provision for bonuses to directors Provision for share awards Provision for share awards for directors Provision for loss on Antimonopoly Act Other | 834,925 1,583 7,096 8,089 363 271 293 4,937 37,400 | 882,025 1,687 13,066 8,376 326 - - - 32,991 |
Total current liabilities | 894,961 | 938,474 |
Long-term liabilities Bonds payable Long-term borrowings Long-term lease obligations Deferred tax liabilities Deferred tax liabilities for land revaluation Provision for share awards Provision for share awards for directors Net defined benefit liability Asset retirement obligations Other | 20,000 10,000 3,962 18,533 298 - - 7,314 1,079 1,486 | 20,000 10,000 3,933 17,138 298 126 100 6,007 1,215 1,818 |
Total long-term liabilities | 62,675 | 60,639 |
Total liabilities | 957,637 | 999,113 |
(Net assets) Shareholders' equity Common stock Capital surplus Retained earnings Less treasury stock, at cost | 18,454 31,749 399,650 (21,369) | 18,454 31,749 427,968 (21,550) |
Total shareholders' equity | 428,484 | 456,621 |
Accumulated other comprehensive income Unrealized gains on available-for-sale securities, net of taxes Unrealized gains (losses) on deferred hedge, net of taxes Revaluation reserve for land, net of taxes Foreign currency translation adjustments Remeasurements of defined benefit plans, net of taxes | 53,288 (1) (3,362) 475 2,903 | 48,939 0 (3,362) 529 4,628 |
Total accumulated other comprehensive income | 53,303 | 50,736 |
Non-controlling interests | 459 | 545 |
Total net assets | 482,247 | 507,903 |
Total liabilities and net assets | 1,439,885 | 1,507,016 |