KOKUYO CO., LTD.
7984・Prime Market・Other Products
Furniture Business
The core segment driving KOKUYO Group's performance. Deploys office furniture and space construction both domestically and overseas.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Q1 FY2026, ending March 2026) | ¥57,257 million | ¥53,827 million (Q1 FY2025, ended March 2025) | ↑ |
| Operating profit (Q1 FY2026, ending March 2026) | ¥12,721 million | ¥12,543 million (Q1 FY2025, ended March 2025) | ↑ |
| Revenue (full year, reference) | ¥172,196 million (FY2025 actual, ended March 2025) | — | ↑ |
| Operating profit (full year, reference) | ¥26,175 million (FY2025 actual, ended March 2025) | — | ↑ |
| Revenue from external customers (Q1 FY2026, ending March 2026) | ¥56,723 million | ¥53,318 million (Q1 FY2025, ended March 2025) | ↑ |
| Operating margin (Q1 FY2026, ending March 2026) | 22.2% (12,721÷57,257) | 23.3% (Q1 FY2025, ended March 2025) | ↓ |
Business Details
The segment's main businesses are space design & consultation, and the manufacturing, procurement, sale, and installation of office furniture. Domestically, it captures demand for new office relocations and renovations, strengthening work-style proposals tailored to clients' strategic challenges. Overseas, it leverages resources in China and Hong Kong together with Japan's space design capabilities, while also promoting business expansion in ASEAN and India. External sales of ¥56,723 million in Q1 FY2026 (ending March 2026) account for approximately 52.5% of the group's total, making this a core business.
Recent Overview
Robust domestic demand and the new consolidation in India drove a 6.4% year-on-year increase in revenue.
In Q1 FY2026 (ending March 2026), revenue was ¥57,257 million (+6.4% year on year) and operating profit was ¥12,721 million (+1.4% year on year). Domestically, demand for new office relocations and renovations remained strong, and sales growth and profitability improvement progressed through strengthened work-style proposals and support for business process efficiency. The newly consolidated Kokuyo Workplace India Limited contributed to increased revenue and profit. Meanwhile, market sluggishness in China continued due to the economic slowdown, and performance progress in ASEAN was delayed.
Key Products
Growth Drivers
- Continued strong demand for new office relocations and office renovations domestically
- Strengthening of work-style proposals tailored to clients' strategic challenges and support for business process efficiency
- Full-scale entry into the Indian market and contribution to increased revenue and profit through the newly consolidated Kokuyo Workplace India Limited
- Promotion of overseas business growth by combining resources in China and Hong Kong with Japan's space design capabilities
- Promotion of deal acquisition through strengthened proposals to mid-to-high-segment clients in ASEAN
- Strengthening the competitiveness of the domestic BtoB business through the full consolidation of six domestic sales companies as subsidiaries and their merger into KOKUYO Marketing
Risks
- Continued market sluggishness in China due to the economic slowdown
- Risk of delayed performance progress and intensifying competition in ASEAN
- Impact of rising raw material prices and Middle East tensions on logistics costs, etc. (impact amount currently being assessed)
- Risk of declining profitability in the China/Hong Kong business
- Foreign exchange risk (increasing impact accompanying overseas business expansion)
- Risk of integration costs and business disruption during the process of making domestic sales companies wholly owned subsidiaries and merging them
Last updated: March 26, 2026