DOSHISHA CO.,LTD.

Business Details

A "manufacturer function" business that completes everything in-house, from product planning to development and sales, across a wide range of categories including home appliances and household goods, storage-related products, apparel, food and alcohol, and products for uniform-price shops. Major customers include Oritsuji Sangyo Co., Ltd. (Daiso Industries Co., Ltd.) (¥13,088 million in sales in FY2026 (ending March 2026)). The segment's growth axes are a niche No. 1 strategy driven by highly original product development, and expansion of PB development and products for uniform-price shops.

Recent Overview

New product launches in health appliances and household goods proved successful, with profit surging 48% year on year

In the full year FY2026 (ending March 2026), the segment achieved sales of ¥69,808 million (109.6% year on year) and segment profit of ¥8,136 million (148.1% year on year). Growth was driven by lineup expansion and enhanced media exposure for the "Gorilla High Power" series, and the launch of new products including the first CORELLE frying pan series. Seasonal appliances such as humidifiers also performed steadily. Continued product development, and scrapping and replacement of existing products, for food and alcohol PB products and products for uniform-price shops also contributed. Sales to the major customer Daiso Industries expanded to ¥13,088 million compared to the prior period.

Key Products

Growth Drivers

• Lineup expansion of the "Gorilla High Power" health appliance series, and increased recognition and strengthened sales promotion through media exposure
• Launch of new products such as the first frying pan series from the US kitchenware brand "CORELLE"
• Expansion of the product lineup through spin-off products such as "Gorilla Hitotsumami (lightweight frying pan)"
• Steady sales growth of winter seasonal appliances (humidifiers, etc.)
• Continued promotion of product development, new category development, and scrapping and replacement of existing products for PB products and food and alcohol products for retailers
• Product development tailored to the needs of uniform-price shops, and utilization of sales channels led by Daiso Industries (sales of ¥13,088 million)
• Growth in apparel planning for specialty stores such as U.S. POLO ASSN.
• Expansion of sales in AV lighting-related products such as ORION brand smart TVs

Risks

• Risk of suppressed demand for daily necessities due to continued consumer thrift orientation
• Risk of rising procurement costs due to persistently high raw material and logistics costs
• Risk of increased costs for imported goods due to the continuation of the weak yen trend
• Seasonal fluctuation risk due to sales concentration in specific categories such as seasonal appliances
• Risk of supply chain disruption due to the Chinese economic slowdown and geopolitical risks
• Customer concentration risk due to sales concentration in Daiso Industries (equivalent to approximately 18.7% of sales for the current period)