Net income slipped 5% in the first quarter of FY26 ended June 30 to ¥4,880 million ($33.8 mm) from ¥5,135 million on 5% higher sales of ¥63,528 million ($439.6 mm) compared to ¥60,783 million. Price hikes contributed to 70 basis points of gross margin expansion to 42.2%, but gains there were offset by increased personnel expense and inflation, sending SG&A 10% higher in yen and up 150 b.p. as a percent of sales. Full-year guidance remains unchanged at ¥260,000 million in revenues and ¥16,500 million in net income.

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