FY03/2026 Q2
(April 1, 2025 to September 30, 2025)
Financial Results Briefing
November 5, 2025
１
FY03/2026 Q2 Financial Results Summary P.2２
Progress on Medium-Term Management Plan P.15３
Appendix P.25１
FY03/2026 Q2 Financial Results Summary P.2２
Progress on Medium-Term Management Plan
P.15
３
Appendix
P.25
Key Points of the Summary
Promoting the Medium-Term Management Plan
"Chori Innovation Plan 2025 (CIP2025)"
Gross profit margin improvement in progress for achieving the business results forecast for FY03/2026, the final year of CIP2025.
POINT
Net sales and profit decreased YoY.
Equity ratio 65.6% Maintained at a high level.
*1
baseROE
11.0%
*1: Net profit attributable to owners of parent (annual basis)
ROIC*2 10.3%
*2: ROIC = Operating profit after income taxes (annual basis)
/ Invested capital (Equity + Interest-bearing debt) average during the period
TopicsLaunched the new medium-term management plan development project. Established dedicated working teams for business strategy, financial strategy, non-financial strategy, human capital, and digital transformation. Considering measures aimed at becoming the company of choice.
Selected as a component of the JPX-Nikkei Mid and Small Cap Index for the second consecutive year.
Business Results Breakdown (YoY Comparison)
The Japanese economy continues to show a moderate recovery trend, with employment and income conditions
remaining firm. The outlook for the global economy is uncertain mainly due to a slowdown in domestic demand in
China and U.S. tariff policies.
Net sales decreased mainly due to a market downturn and exchange rate impacts. Although the gross profit margin improved, operating profit declined due to the effect of decreased sales and the inability to absorb the increase in SG&A expenses. Moreover, profit before income taxes significantly decreased mainly due to the rebound of the reversal of allowance for doubtful accounts and the gain on sale of investment securities recorded in FY03/2025 H1.
POINT
Unit: billions of yen | FY03/2025 Apr.-Sep. | FY03/2026 Apr.-Sep. | Difference | Ratio |
Net sales | 154.5 | 145.0 | -9.5 | -6.1% |
Gross profit | 20.4 | 20.3 | -0.0 | -0.2% |
Selling, general and administrative expenses | 13.0 | 13.7 | +0.7 | +5.6% |
Operating profit | 7.4 | 6.6 | -0.8 | -10.5% |
Ordinary profit | 8.6 | 6.8 | -1.7 | -20.1% |
Profit before income taxes | 9.3 | 6.9 | -2.5 | -26.4% |
Net profit attributable to owners of parent | 7.0 | 5.1 | -1.9 | -27.3% |