Fiscal year ending March 31, 2026 (2Q)
Appendix for Consolidated Financial ResultsNovember 10, 2025
Summary of financial results
Point
Net sales and profit increased YoY, progressing steadily in line with the forecast of financial results.
Textile Materials Division： Sales increased YoY due to growth in transaction of functional yarns and textiles for innerwear however operating profit decreased YoY due to Allowance for Doubtful Accounts Expense in 1Q.
Industrial Products Division: Both sales and profit decreased YoY. Although we posted huge transactions of machinery, there were impacts of US-China export-semiconductor regulations and a change in commercial flow in semiconductor transactions.
1
（ Millions of yen ）
Consolidated Operating Results | FY ended March 31, 2025 (2Q) | FY ending March 31, 2026 (2Q) | year-on-year （Amount） | year-on-year （%） |
Net sales | 79,652 | 84,417 | 4,765 | 6.0 |
Gross profit | 8,566 | 8,982 | 415 | 4.9 |
Selling, general and administrative expenses | 6,760 | 7,218 | 457 | 6.8 |
Operating profit | 1,805 | 1,764 | △41 | △2.3 |
Operating profit ratio（%） | 2.3% | 2.1% | △0.2pt | ー |
Ordinary profit | 1,678 | 2,017 | 339 | 20.2 |
Profit attributable to owners to parent | 1,237 | 1,347 | 109 | 8.9 |
Summary of financial results by Division Net sales
（Millions of yen）
Net sales comparison
62,143
17,508
69,348
15,068
（Millions of yen）
FY ending March 31, 2026 (2Q) Component ratio of Net sales
18%
82%
Division | FY ended March 31, 2025 (2Q) | FY ending March 31, 2026 (2Q) | year-on-year （Amount） |
Textile Materials | 62,143 | 69,348 | 7,205 |
Industrial Products | 17,508 | 15,068 | △2,440 |
Total | 79,652 | 84,417 | 4,765 |
FY ended March 31, 2025 (2Q)
FY ending March 31, 2026 (2Q)
Operating profit
（Millions of yen）
Operating profit comparison
（Millions of yen）
FY ending March 31, 2026 (2Q) Component ratio of Operating profit
48%
52%
1,053 | ||||
937 | ||||
1,067 | ||||
1,047 | ||||
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Division | FY ended March 31, 2025 (2Q) | FY ending March 31, 2026 (2Q) | year-on-year （Amount） |
Textile Materials | 1,067 | 1,047 | △20 |
Industrial Products | 1,053 | 937 | △115 |
Adjustment | △314 | △220 | 94 |
Total | 1,805 | 1,764 | △41 |
FY ended March 31, 2025 (2Q)
FY ending March 31, 2026 (2Q)
Textile Materials Division Industrial Products Division
Financial Results by Segment （year-on-year）
（Millions of yen）
Segment | Net sales | Operating profit | |||||
FY ended March 31, 2025 (2Q) | FY ending March 31, 2026 (2Q) | year-on-year | FY ended March 31, 2025 (2Q) | FY ending March 31, 2026 (2Q) | year-on-year | ||
Textile Materials | Fibers | 46,278 | 50,995 | 4,716 | 336 | 156 | △180 |
Outerwear | 9,055 | 12,680 | 3,625 | 607 | 652 | 44 | |
Innerwear | 6,809 | 5,672 | △1,136 | 123 | 238 | 115 | |
Industrial Products | Semiconductors | 5,987 | 2,717 | △3,270 | 328 | 35 | △292 |
Chemicals | 6,669 | 7,065 | 395 | 408 | 453 | 44 | |
Hobby & Life | 2,760 | 2,415 | △344 | 293 | 223 | △70 | |
Machinery & Equipment | 2,091 | 2,870 | 778 | 22 | 224 | 202 | |
Adjustment | - | - | - | △314 | △220 | 94 | |
Total | 79,652 | 84,417 | 4,765 | 1,805 | 1,764 | △41 | |
462.7
90.5 68.0 59.8 66.6
27.1 24.1
509.9
126.8 56.7 70.6
Net sales
FY ended
（100 millions of yen）
27.6 20.9
Operating profit （100 millions of yen）
0.2
March 2025 (2Q)
FY ending March 2026 (2Q)
28.7
3.3
△ 2.2
△ 3.1
1.5
6.5
6.0
1.2
2.3
3.2
0.3
4.5
4.0
2.2
2.9
2.2
3
Results by Segment (year-on-year) Operating profit trend
（Millions of yen）
1,805
44
115
202
94
1,764
△ 180
44
△ 292
△ 70
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FY ended March 31, 2025 (2Q)
Fibers Outerwear Innerwear Semiconductors Chemicals Hobby & Life Machinery & Equipment Adjustment FY ending
March 31, 2026 (2Q)
Textile Materials Division | ||
Fibers | Decreased | Growth in functional yarns and textiles for innerwear but allowance for doubtful accounts expense for our specific customer was posted |
Outer wear | Increased | Robust sales of exporting textiles to the U.S. and OEM/ODM transaction for products. The profitability was improved by launch of triacetate business and progressing withdrawal from unprofitable business |
Inner wear | Increased | Increased a demand of functional innerwear due to extreme heat and proceeded to deal with cost-up of raw materials |
Industrial Products Division | ||
Semi conductors | Decreased | Due to US-China export-semiconductor and the impact of change in commercial flow in semiconductor transactions |
Chemicals | Increased | Robust sales of raw materials of painting for overseas, functional resins and films |
Hobby & Life | Decreased | Robust sales of raw materials for cosmetics and profitability was improved by modification of price, however transactions related to Hobby decreased |
Machinery& Equipment | Increased | Although transactions for related scientific equipment showed weak performance, there were huge transactions of machinery |
（百万 円）
Consolidated Balance Sheet
Point
【Assets】 Increased due to increase of Accounts receivable
【Liabilities】 Increased due to increase of notes and accounts payable
【Net Assets】 Increased due to increase Capital by Profit attributable to owners of parent and Valuation difference on available-for-sale securities
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（Millions of yen）
Consolidated financial position | FY ended March 31, 2025 | FY ending March 31, 2026 (2Q) | year-on-year |
Assets | 79,965 | 83,815 | 3,849 |
Liabilities （Net Interest-bearing Debt） | 49,879 5,486 | 53,303 4,307 | 3,424 △1,178 |
Net Assets | 30,086 | 30,512 | 425 |
Equity | 30,086 | 30,512 | 425 |
Equity adequacy ratio | 37.6 | 36.4 | △1.2pt |
（百万 円）
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Summary of Cash Flows
Point
【CF from operating activities】 Provided ¥4,273 Million due to increase in trade payables
【CF from investing activities】 Used ¥△1,647 Million due to Purchase of shares of subsidiaries resulting in change in scope of consolidation
【CF from financing activities】 Used ¥△2,464 Million due to Dividends paid
Consolidated Cash Flows （Millions of yen） | FY ended March 31, 2025 (2Q) | FY ending March 31, 2026 (2Q) | year-on-year |
CF from operating activities | 4,240 | 4,273 | 32 |
CF from investing activities | △246 | △1,647 | △1,400 |
（Free Cash Flows） | 3,993 | 2,626 | △1,367 |
CF from financing activities | △3,907 | △2,464 | 1,442 |
Effect of exchange rate change on cash and cash equivalents | 210 | △120 | △330 |
Increase in cash and cash equivalents | 296 | 40 | △255 |
Overseas Net sales
Point
Overseas Net sales increased year-on-year, ratio of oversea net sales is over 65%
Although there were impacts of a change in commercial flow in semiconductor transaction in Americas, transaction of functional yarns and textiles for innerwear increased
Regions | FY ended March 31, 2025 (2Q) | FY ending March 31, 2026 (2Q) | year-on-year | |||
Amount | Component ratio （％） | Amount | Component ratio （％） | Amount | Component ratio （％） | |
Asia | 46,425 | 58.3 | 51,148 | 60.6 | 4,722 | 2.3 |
Americas | 6,654 | 8.4 | 2,953 | 3.5 | △3,700 | △4.9 |
Europe and others | 2,712 | 3.4 | 2,233 | 2.6 | △478 | △0.8 |
Overseas Net sales | 55,792 | 70.0 | 56,335 | 66.7 | 543 | △3.3 |
（Millions of yen）
33.3%
60.6%
Component
ratio of Overseas Net sales
66.7%
（Consolidated）
2.6%
3.5%
FY ending March 31, 2026 (2Q) Component ratio of sales by Region
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Asia：Mainly China and Hong Kong Americas：Mainly the U.S. and Brazil
Forecast of Result in FY ending March 31, 2026 ①
Point
No change from the forecast announced on 5/15/2025
Net sales and each profits exceeded the progress of standard however uncertain situation has continued due to the impact of American Trade Policy and geopolitical risks particularly in the Middle-east
（Millions of yen）
Consolidated Operating Results | FY ending March 31, 2026 ( Forecast ) |
Net sales | 166,000 |
Operating profit | 3,200 |
Ordinary profit | 3,200 |
Profit attributable to owners of parent | 2,400 |
Trend of Operating profit and Operating profit ratio
Operating profit (Millions of yen)
3,632
3,200
2,881
2,950
2,008
1,573
1,683
1,829
3.1
1,191
1.8
2.0
1.8
1.9
1.2
1.2
1.4
1.0
2018/3 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3
8
（Forecast）
Forecast of Result in FY ending March 31, 2026 ②
Point
Net sales and each profits progressed steadily in line with the forecast for financial results announced on 5/15/2025, exceeding the standard.
（Millions of yen）
Consolidated Operating Results | FY ending March 31, 2026 Forecast announced on 5/15/2025 | FY ending March 31, 2026 (2Q) Result | Progress （Standard：50%） |
Net sales | 166,000 | 84,417 | 50.9% |
Operating profit | 3,200 | 1,764 | 55.1% |
Ordinary profit | 3,200 | 2,017 | 63.1% |
Profit attributable to owners of parent | 2,400 | 1,347 | 56.1% |
Progress for operating profit and profit attributable
to owners of parent （Millions of yen）
Forecast announced on 5/15/2025
Progress
Progress
55.1%
3,200
56.1%
2,400
1,764
1,347
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Operating profit Profit attributable to owners of parent
Dividend in FY ending March 31, 2026 (Forecast)
Point
Dividend per share： No change from the forecast announced on 5/15/2025
As we informed in Mid-Term Management plan "GSI CONNECT Phase2", dividend per share shall be a minimum payout of 100 yen per share （Forecast the increase of dividend for 10th consecutive fiscal year）
FY ending March 31, 2026 Forecast | |
Dividend per share | 100.0 yen |
Payout Ratio | 51.1％ |
Trend of Dividend per share and Payout Ratio
20
19
28.2
97
100
24.7
22.4
83
18.6
65
73
17.5
20
22.5
30
2018/3 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3
Payout Ratio（％）
12
48.9
"GSI CONNECT Phase2"Shareholder Return Policy
Maintain a dividend payout ratio of 50% or more
Progressive dividend policy with a minimum payout of 100 yen per share
※GSI Creos implemented a 2-for-1 stock split of common stock dated April 1, 2021,
（Forecast）
10
so the dividends per share are amounts calculated assuming that the stock sprit was carried out at the beginning of FY ended March 31, 2018.
Purpose
As a "Bus ine ss Producer"
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Seeking quality of life for the next generation, we realize the happiness of all the people
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