OPI's latest annual securities report shows a sharp improvement in one profit line, but not the last one. For the year ended March 2026, net sales were ¥5.039bn, up slightly from ¥5.003bn a year earlier. Ordinary income was ¥144mn, versus an ordinary loss of ¥12mn in the previous year. Net income, however, stayed negative at a ¥9mn loss, compared with a ¥8mn loss a year earlier.
The filing excerpt is most useful for the pattern it lays out over several years. Sales in the five annual summary rows run from ¥4.862bn to ¥5.146bn. Over the same span, ordinary income moves from ¥114mn to ¥73mn to ¥46mn, then to a ¥12mn loss before rebounding to ¥144mn. Net income follows a different path, from ¥82mn and ¥52mn profits earlier in the sequence to a ¥9mn loss in the latest year.
| Year ended March | Net sales | Ordinary income/loss | Net income/loss |
|---|---|---|---|
| 2022 | ¥5.006bn | ¥114mn | ¥82mn |
| 2023 | ¥5.146bn | ¥73mn | ¥52mn |
| 2024 | ¥4.862bn | ¥46mn | ¥33mn |
| 2025 | ¥5.003bn | -¥12mn | -¥8mn |
| 2026 | ¥5.039bn | ¥144mn | -¥9mn |
The balance-sheet and cash-flow lines in the excerpt are more straightforward. OPI reported net assets of ¥3.995bn and total assets of ¥5.814bn at March 31. The filing also lists an equity ratio of 68.7%, operating cash flow of ¥277mn and investing cash flow of negative ¥184mn.
For readers outside Japan, the practical signal is the combination of those figures rather than any single headline number: sales stayed around ¥5bn, ordinary income moved back into positive territory and operating cash flow remained positive, but the company still did not produce net profit in the year. The selected evidence does not explain what kept net income below zero or what drove the investing outflow. It also shows inconsistent issued-share figures across years in the excerpt, so this article does not rely on per-share data.