LIHIT LAB.,INC.
7975・Standard Market・Other Products
Office Supplies and Related Business
Core business manufacturing and selling files, storage and organization products, etc. (96.0% of net sales)
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full-year results) | ¥8,759 million | ― | — |
| Net sales (cumulative first quarter of FY2027, ending February 2027) | ¥2,764 million | ¥2,703 million (same period of prior year) | ↑ |
| Operating profit (full-year results) | ¥199 million | ― | — |
| Operating profit (cumulative first quarter of FY2027, ending February 2027) | ¥150 million | ¥187 million (same period of prior year) | ↓ |
| Sales composition ratio (first quarter of FY2027, ending February 2027) | 96.0% | 96.4% (same period of prior year) | — |
| Segment assets | ¥11,370 million | ― | — |
| Depreciation (full year) | ¥197 million | ― | — |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥89 million | ― | — |
Business Details
Consists of four divisions: File Division, Binder / Clear Book Division, Storage and Organization Products Division, and Other Office Supplies Division. Products are manufactured by the Company, its consolidated subsidiary LIHIT LAB. VIETNAM INC., and cooperating factories, and sold by the Company. Major customers are ASKUL (approximately 19% of net sales) and the Ecole Distribution Group (approximately 15%). The business operates across diverse channels including the EC market, mass retailers, and drugstores, offering high-function, high-quality products for both individual and corporate customers.
Recent Overview
First quarter net sales increased, but operating profit fell 19.6% year on year due to higher raw material costs and yen depreciation
Net sales of the Office Supplies and Related Business for the first quarter of FY2027 (ending February 2027) (March to May 2026) were ¥2,764 million (up 2.3% year on year). The Binder / Clear Book Division (+12.7%) and File Division (+3.5%) led growth, while the Storage and Organization Products Division (-2.3%) and Other Office Supplies Division (-13.9%) saw declines. New products such as the "Kissa Punilab" and "CIRCULA" sustainable series, expansion of the XCOA lineup, and heatstroke prevention products contributed to sales. However, operating profit came to ¥149 million (down 19.6% year on year) due to rising production costs from higher raw material prices and yen depreciation.
Key Products
Growth Drivers
- Active launch of new products (Kissa Punilab, CIRCULA sustainable series, Open Ring Note Mini, XCOA functional pen cases, heatstroke prevention products, etc.)
- Improved business mix driven by strong growth in the Binder / Clear Book Division (+12.7% year on year in the first quarter)
- Increase in mail-order sales driven by expansion of the EC market and progress of cashless payments
- Increase in sales from the overseas sales division (utilization of LIHIT LAB. VIETNAM INC. and expansion of sales channels through domestic and overseas distributors)
- Expansion of sales channels to mass retailers and drugstores (diversification of channels across business formats)
- Improved profitability through price revisions (in response to rising raw material and import costs)
Risks
- Risk of sales concentration in major customers (major mail-order companies) (ASKUL approximately 19%, Ecole Distribution Group approximately 15%)
- Risk of rising import procurement costs due to yen depreciation (reduced operating profit by 19.6% year on year in the first quarter)
- Structural decline in corporate demand due to companies' paperless initiatives and digital transformation
- Intensifying competition from overseas and low-priced products (polarization of individual demand)
- Risk of economic downturn and rising procurement costs due to geopolitical risks such as U.S. tariff policy
- Risk of continued significant sales decline in the Other Office Supplies Division (-13.9% year on year in the first quarter)
Last updated: May 20, 2026