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Nihon Flush returns to profit as ordinary income rises, sales ease

Ordinary income rose to ¥2.04bn and parent profit turned positive in the year to March 2026, even as sales edged lower, making this more a profit-recovery story than a top-line growth one.

Jun 26, 20261 min read
Interior doors and wood-finish building materials moving through a factory and warehouse setting.

Nihon Flush ended the year to March 2026 with a smaller top line but a much healthier profit line. Net sales slipped to ¥23.46bn from ¥23.98bn a year earlier, while ordinary income rose to ¥2.04bn from ¥1.10bn. Profit attributable to owners of parent returned to ¥1.42bn after a ¥2.79bn loss in the previous year.

The sharpest move, then, was not revenue growth but the swing back to profit. The annual report’s balance-sheet summary shows total assets at ¥44.32bn and net assets at ¥32.54bn at March 31. Sales still sit below the earlier levels visible in the five-year series, but this year’s profit line is markedly better than the prior loss.

In a separate internal-control report, management said financial-reporting controls were effective at year-end. It said the evaluation focused on two important business locations representing roughly two-thirds of the previous year’s consolidated sales, with sales, receivables and inventory processes singled out for testing.