Appendix for Consolidated Financial Results
The Fiscal year ended March 31, 2025
May 15, 2025
Summary of financial results
Point
Updated the highest sales and profit ever nevertheless reorganization of business portfolio executed
・Textile Materials Division：Both sales and profit increased year on year due to transaction of functional yarns and textiles for innerwear despite posting the acquisition expenses for triacetate business.
・Industrial Products Division：Both sales and profits increased year-on-year. Transaction of semiconductor components and wafers was
steady growth. Transaction of chemicals for overseas increased and its profit ratio was improved.
Consolidated Operating Results （Millions of yen） | FY ended March 31, 2024 | FY ended March 31, 2025 | year-on-year （Amount） | year-on-year （%） | |
Net sales | 146,1G4 | 165,541 | 1G,346 | 13.2 | |
Gross profit | 16,151 | 16,858 | 706 | 4.4 | |
Selling, general and administrative expenses | 13,269 | 13,907 | 638 | 4.8 | |
Operating profit | 2,881 | 2,G50 | 68 | 2.4 | |
Operating profit ratio（％） | 2.0% | 1.8% | △0.2pt | ー | |
Ordinary profit | 2,GGG | 2,548 | △450 | △15.0 | |
Profit attributable to owners of parent | 2,01G | 2,358 | 33G | 16.8 |
Results by Segment（year-on-year）Net sales Net sales
FY ended March, 2024 146,1G4 Millions of yen FY ended March, 2025 165,541 Millions of yen
（Millions of yen）
Textile Materials Division
Fibers Outerwear Innerwear
131,04G
Industrial Products Division （Millions of yen）
GG,258
81,415
20,764
11,831
1G,5G0
12,201
114,010
2
10,640
8,G47
12,G18
13,G0G
5,346
5,51G
4,G71
4,420
32,183
34,4G1
FY ended March, 2024
FY ended March, 2025
FY ended March, 2024
FY ended March, 2025
Results by Segment（year-on-year）Operating profit Operating profit
FY ended March, 2024 2,881 Millions of yen FY ended March, 2025 2,G50 Millions of yen
Textile Materials Division
（Millions of yen）
Industrial Products Division
（Millions of yen）
Adjustment
（Millions of yen）
1,616
1,618
1,G51
2,108
631
478
G32
817
16G
204
△ 686
△ 777
457
410
664
G18
576
5G7
2GG
135
FY ended
March, 2024
FY ended
March, 2025
FY ended
March, 2024
FY ended
March, 2025
FY ended
March, 2024
FY ended
March, 2025
Results by Segment（year-on-year） Operating profit trend
(Millions of yen)
2,881
152
47
253
20
2,G50
△ 114
△ 35
△ 164
△ G0
Fibers
Outerwear
Innerwear
Semi conductors
Chemicals
HobbyG Life
MachineryG Equipment
Adjustment
Textile Materials Div Increased 2 (0.1%）
Industrial Products Div Increased 156 (8.0%）
Operating profit Increased 68 (2.4%）
FY ended March 31, 2024 FY ended March 31, 2025
Industrial Products Division | ||
Segment | YoY | Summary of Results |
Semi conductors | Increased | Continuous demand of Components for Manufacturing equipment, Wafer transaction |
Chemicals | Increased | Functional resins and films in domestic transaction, raw materials of painting for overseas |
HobbyGLife | Increased | Hobby related products, Raw materials for personal care |
MachineryG Equipment | Decreased | There was an order of huge machinery equipment in FY Ended March, 2024 |
Summary by Segments
Textile Materials Division | ||
Segment | YoY | Summary of Results |
Fibers | Increased | Functional yarns, textiles |
Outerwear | Decreased | Increased transactions of exporting textiles to Europe and U.S. Acquisition expense for triacetate business was posted |
Innerwear | Decreased | Due to raw materials cost-up |
Consolidated Balance Sheet
Point
【Assets】Increased due to increase of Merchandise and finished goods including related triacetate business
【Liabilities】Increased due to increase of Accrued payable
【Net Assets】Increased due to increase Capital by Profit attributable to owners of parent
Consolidated Financial Position （Millions of yen） | Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | year-on-year | |
Assets | 75,336 | 7G,G65 | 4,62G | |
Liabilities （Net Interest-bearing Debt） | 47,886 5,539 | 4G,87G 5,486 | 1,GG2 △53 | |
Net assets | 27,450 | 30,086 | 2,636 | |
Equity | 27,450 | 30,086 | 2,636 | |
Equity adequacy ratio | 36.4% | 37.6% | 1.2pt |
Summary of Cash Flows
Point
【CF from operating activities】Provided ¥2,713 Million due to decrease in notes and accounts receivable trade
【CF from investing activities】Paid ¥△G55Million due to Purchase of shares of subsidiaries resulting in change in scope of consolidation
【CF from financing activities】Paid ¥△4,222 Million due to net increase in loans payable and others
Consolidated Cash Flows （Millions of yen） | Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | year-on-year | |
CF from operating activities | 183 | 2,713 | 2,52G | |
CF from investing activities | 1,486 | △G55 | △2,441 | |
（Free Cash Flows） | 1,669 | 1,758 | 88 | |
CF from financing activities | 43 | △4,222 | △4,266 | |
Effect of exchange rate change on cash and cash equivalents | 106 | 112 | 6 | |
Increase in cash and cash equivalents | 1,819 | △2,351 | △4,170 |
Overseas Net sales
Point
Overseas Net sales increased year-on-year, especially in Asia. The ratio of Overseas Net sales is over 70%.
Regions | Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | year-on-year | |||
Amount | Component ratio(%) | Amount | Component ratio(%) | Amount | Component ratio(pt) | |
Asia | 81,139 | 55.5 | GG,453 | 60.1 | 18,314 | 4.6 |
Americas | 10,513 | 7.2 | 12,033 | 7.3 | 1,51G | 0.1 |
Europe and others | 5,445 | 3.7 | 4,876 | 2.G | △56G | △0.8 |
Overseas Net sales | 97,099 | 66.4 | 116,363 | 70.3 | 1G,264 | 3.G |
（Millions of yen）
FY ended March 31, 2025
Component ratio
of sales by Region
2G.7%
2.G%
Component ratio of
Overseas Net sales
70.3%
（Consolidated）
60.1%
Asia Americas
Europe and others
Japan
7.3%
Asia：Mainly China and Hong Kong Americas：Mainly the U.S. and Brazil
Summary of financial results
Point
・Forecast at the beginning of fiscal year was changed due to withdrawn subsidiaries in reorganization of business portfolio and posting acquisition expenses for triacetate business but financial results achieved over sales and each profits announced in recent forecast
・Annual dividend will increase by ¥14.0 to ¥G7.0 based on consolidated financial results
（Millions of yen） | FY ended March 31, 2025 Forecast （Announced on 5/15/2024） | FY ended March 31, 2025 Forecast （Announced on 3/24/2025） | FY ended March 31, 2025 Results |
Net sales | 150,000 | 160,000 | 165,541 |
Operating profit | 3,100 | 2,550 | 2,G50 |
Ordinary profit | 3,100 | 2,410 | 2,548 |
Profit attributable to owners of parent | 2,200 | 2,310 | 2,358 |
Annual dividend per share | fi90.0 | fi95.0 | ¥G7.0 |
Profit attributable to owners of parent Compared to Forecast at the beginning of fiscal year
2,200
FY ended March 31, 2025 Forecast
（Announced 2024/5/15）
2,358
Achievement rate
107.2%
FY ended March 31, 2025 Results
Summary of Mid-Term Plan "GSI CONNECT 2024"
Point
Achieved 2 Challenges in "GSI CONNECT 2024"
①Update the highest profit ever：Achieved
Profit attributable to owners of parent reached 2,300 millions which is over the plan in final year 2,200 million yen
②Improvement of trustee and awareness from capital market：Achieved
Maintained as a listed company in Tokyo Prime Market since the market was reorganized
（Millions of yen） | FY ended March 31, 2023 （Results in first year） | FY ended March 31, 2024 （Results in second year） | FY ended March 31, 2025 (final year) | ||
Mid-term plan final year Announced on 11/22/2021 | Recent forecast Announced on 3/24/2025 | Results | |||
Net sales | 131,054 | 146,194 | 135,000 | 160,000 | 165,541 |
Operating profit | 1,829 | 2,881 | 3,500 | 2,550 | 2,950 |
Ordinary profit | 1,787 | 2,999 | 3,500 | 2,410 | 2,548 |
Profit attributable to owners of parent | 1,76G | 2,01G | 2,200 | 2,310 | 2,358 |
Trend of results in Mid-Term Plan
（Profit attributable to owners of parent）
2,358
2,01G
1,76G
Results in first year
Results in second year
Results in final year
Forecast of Result in FY ending March 31, 2026
Point
Both sales and profits will be increased year-on-year (forecast)
⇒ The business environment surrounding the Company is extremely uncertain, but we expect that Outer segment which a reorganization strenghthened a foundation in, Chemical and Hobby C Life segment will be grown more
（Millions of yen） | FY ended March 31, 2025 | FY ending March 31, 2026 (forecast) |
Net sales | 165,541 | 166,000 |
Operating profit | 2,G50 | 3,200 |
Ordinary profit | 2,548 | 3,200 |
Profit attributable to owners of parent | 2,358 | 2,400 |
Trend of Operating profit and Operating profit Ratio
3,200
2,881
2,G50
2,008
1,82G
1.8%
2.0%
1.8%
1.G%
1.4%
2022/3 2023/3 2024/3 2025/3 2026/3
（forecast）
Dividend in FY ending March 31, 2026 (forecast)
Point
Annual dividend：will increase by ¥3.0 year-on-year to ¥100.0. Forecast the increase of dividend for 10th consecutive fiscal year
⇒Payout ratio 50% will be maintained and Progressive dividends which shall be more than 100 yen per share will be introduced
( "Notice Regarding the Change in Dividend policy (Introduction of Progressive dividends)" announced on 5/15/2025)
Trend of dividend per share and payout Ratio
73.0
50.6%
50.4%
50.5%
51.1%
48.G%
100.0
65.0
83.0
G7.0
FY ending March 31, 2026 (forecast) | |
Dividend per share | fi100.0 |
Payout Ratio | 51.1％ |
2022/3 2023/3 2024/3 2025/3 2026/3
（forecast）
【Reference】New Mid-Term Plan "GSI CONNECT Phase 2（2025-2027）"
Financial Target
（Millions of yen）
FY ended March, 2025 Results | FY ending March, 2028 Target in Final year | |
Net Sales | 165,541 | 177,000 |
Textiles | 131,049 | 132,000 |
Industrial Products | 34,491 | 45,000 |
Operating profit | 2,G50 | 4,000 |
Ordinary profit | 2,548 | 4,000 |
Profit attributable to owners of parent | 2,358 | 3,000 |
ROE | 8.2% | Over 10.0％ |
Payout ratio | 50.5％ | 50.0％ ＊Progressive dividends which shall be more than 100 yen per share |
Purpose As a "Business Producer" Seeking quality of life for the next generation, we realize the happiness of all the people
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The purpose of this document released is the provision of information which can be a reference for investment, not for an invitation of investment. Future predictions described in this document was prepared based on information available as of the day on which this document was released. This document in no way guarantees the condition and operational performance of the company in the future. Please determine investments by yourself.