Steady Free Cash Flow
Operating cash flow has been generated steadily with free cash flow reaching JPY 14.6 billion for the first quarter, an improvement of JPY 50.2 billion compared to last year.
European Market Recovery
Despite sluggish new housing starts, market share and order intake increased in Europe, with notable demand for showers and product launches.
Renovation Demand Offsets New Housing Decline
In Japan, increased renovation demand successfully offset the decline in new housing starts, which were down by around 10%.
Positive Future Outlook
Signs of recovery in the second half are expected, with new product launches across all categories aimed at capturing demand.
Market Share Growth in Showers
Increased market share for shower products in Europe due to strategic pricing and popular new product launches.