FUJI Japan Co., Ltd. (ticker 1449), a Sapporo-based exterior renovation and reform contractor, released its Q1 results for the fiscal year ending December 2026 (covering January 1 to March 31, 2026), prepared on a non-consolidated basis under Japanese GAAP.
Top-line performance deteriorated meaningfully. Net sales came in at ¥195 million, down 17.8% year-on-year from ¥238 million. The company posted an operating loss of ¥19 million, widening from ¥13 million a year earlier. Ordinary loss was ¥19 million, and the quarterly net loss attributable to owners came to ¥18.96 million, compared with ¥15.24 million in the prior-year quarter. Loss per share was ¥8.90, versus ¥7.16.
Core exterior wall renovation contracts collapse
By segment, the core Exterior Wall Renovation business recorded sales of ¥149 million, a sharp 26.2% decline, with segment profit collapsing 90.0% to ¥1.28 million as orders fell under sustained input-cost inflation and weaker consumer sentiment. Regionally: Hokkaido (Sapporo branch) was ¥95 million (-5.3%); Tohoku (Sendai branch) was ¥51 million (-24.4%); Kanto (Yokohama branch) was just ¥3.59 million (-89.8%), reflecting a particularly steep contraction outside the core northern Japan markets.
The Other Renovation Works segment generated ¥18.55 million (+2.7%) but segment profit fell 43.0% to ¥1.77 million. The Materials Sales segment was the lone bright spot, with sales surging 58.7% to ¥27.90 million and segment profit jumping 170.8% to ¥2.16 million. Unallocated corporate costs of ¥24.31 million continued to weigh on results.
Balance sheet drained by quarterly loss
Total assets declined ¥40 million to ¥613 million. Cash and deposits fell ¥50 million to ¥135 million. Net assets stood at ¥343 million, down ¥25 million, reflecting the quarterly loss and ¥6.39 million of dividend payments. The equity ratio edged down to 56.0% from 56.4%.
| Metric | Q1 FY12/26 | Q1 FY12/25 | YoY |
|---|---|---|---|
| Net sales (¥ million) | 195 | 238 | -17.8% |
| Operating loss (¥ million) | -19 | -13 | wider |
| Ordinary loss (¥ million) | -19 | -13 | wider |
| Net loss (¥ million) | -18.96 | -15.24 | wider |
| Loss per share (¥) | -8.90 | -7.16 | wider |
| Equity ratio | 56.0% | 56.4% | -0.4pp |
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