Financial Data

For the fiscal year ended March 31, 2026, revenue increased by ¥3.3 billion (+0.7%) year on year to ¥465.3 billion.
While this reflected a decline in piano sales in China and the normalization of high demand for professional audio equipment, revenue was supported by increased guitar sales, particularly in North America, as well as higher sales of digital musical instruments across all regions. Core operating profit decreased by ¥4.8 billion (-13.2%) year on year to ¥31.9 billion, mainly due to the impact of additional U.S. tariffs, rising procurement costs, and changes in the product mix. Profit attributable to owners of parent increased by ¥10.4 billion (+77.7%) year on year to ¥23.7 billion. Although the Company recorded ¥2.0 billion in business restructuring expenses associated with the termination of the golf products business, this increase was primarily due to the absence of restructuring expenses of ¥14.3 billion recorded in the previous fiscal year, which included impairment losses related to piano production facilities.

Revenue from acoustic pianos declined for the full year, although sales turned to an increase year on year in the fourth quarter. In digital musical instruments, revenue increased, supported by growing demand for digital pianos as well as higher sales of portable keyboards in other regions. Revenue from wind, string and percussion instruments increased, driven by strong sales of wind instruments in Japan and Europe. Guitar revenue also increased, reflecting higher sales of acoustic guitars and Line 6 products in North America.
As a result, segment revenue increased by ¥8.8 billion year on year, while core operating profit decreased by ¥0.9 billion.

Revenue of audio equipment for consumer use declined due to the contraction of home audio sales. Revenue from audio equipment for professional use decreased as the high demand for professional audio equipment, particularly in Europe in the previous fiscal year, subsided. Revenue from audio equipment for mobility use also declined, as increased sales in Japan were offset by lower sales in China.
As a result, segment revenue decreased by ¥5.3 billion year on year, and core operating profit decreased by ¥3.6 billion.

Revenue from automobile interior wood components and factory automation (FA) equipment increased, while revenue from golf products declined.
As a result, segment revenue decreased by ¥0.3 billion year on year, and core operating profit decreased by ¥0.4 billion.