Improving Operating ProfitabilityEBIT margin rising to ~5.4% in 2025 from ~4.3% signals operational recovery and better cost or pricing execution. Sustained improvement in operating profitability would increase durable cash generation, strengthen resilience through machinery cycles, and support reinvestment and debt servicing over the medium term.
Solid Operating Cash FlowConsistent positive operating cash flow (~¥928M in 2025) demonstrates the business can generate cash from core operations. Durable OCF underpins medium-term capital spending, dividend capacity and debt repayment, giving management financial flexibility to execute strategic priorities without relying on external financing.
Strengthening Balance Sheet EquitySteady equity growth and improved leverage relative to earlier years reflect gradual balance-sheet repair. A stronger equity base reduces solvency risk, increases capacity to fund capex or absorb cyclical shocks, and provides more optionality for medium-term strategic investments and operational smoothing.