Goldwin Development Co., Ltd. returned to profit in the year to March 2026, even though sales barely moved. Net sales were ¥339.1mn, down slightly from ¥340.7mn a year earlier. Ordinary income was ¥6.0mn after an ordinary loss of ¥18.1mn, while net income was ¥39.7mn after a ¥18.4mn loss. It was the first positive net result in the filing's five-year summary since the year to March 2023.
| Metric | Year to March 2026 | Year to March 2025 |
|---|---|---|
| Net sales | ¥339.1mn | ¥340.7mn |
| Ordinary income/loss | ¥6.0mn | loss of ¥18.1mn |
| Net income/loss | ¥39.7mn | loss of ¥18.4mn |
| Operating cash flow | ¥61.8mn | outflow of ¥48.8mn |
| Equity-to-asset ratio | 76.1% | 74.4% |
The cash line improved just as sharply. Operating cash flow was a positive ¥61.8mn, versus an outflow of ¥48.8mn in the previous year. Total assets rose to ¥1.03bn and net assets to ¥787.1mn, while the equity-to-asset ratio improved to 76.1% from 74.4%.
Per-share figures moved in the same direction. Basic earnings per share were ¥62.04, compared with a loss per share of ¥28.80 a year earlier, and net assets per share rose to ¥1,231.31 from ¥1,169.27. The five-year summary also shows that revenue has stayed within a relatively narrow ¥320.1mn to ¥347.3mn band, even as profit moved from profit to loss and back again.
The filing therefore shows a stronger year-end financial profile than the year before: the company was profitable, cash-generative and ended with a higher equity-to-asset ratio, despite essentially flat sales. The main limitation is that the packet excerpt does not explain the bridge between ordinary income and net income. Ordinary income for the year was ¥6.0mn, but net income was ¥39.7mn, and the packet does not include the notes needed to explain that gap or any outlook for the coming year.