Komori

FY2026 Second Quarter Financial Results Presentation

Results presentationPublished 2026-11-13 11:30

In the second quarter of FY2026, revenue and profit fell below the year-earlier period due mainly to timing differences in construction progress, while orders received and the order backlog reached record highs. The full-year forecasts for revenue, operating profit, ordinary profit and orders received, among other items, were revised upward, while the annual dividend forecast was left unchanged at ¥123 per share.

Contents of this document

Financial results presentationFY2026 second quarter13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥181,710 million-6.6%
Operating profit¥18,101 million-26.7%
Ordinary income¥19,728 million-24.4%
Net income¥11,559 million-42.8%
Gross Profit Margin22.1 %
Operating profit margin10 %
Selling, general and administrative expenses¥22,062 million
Full-year earnings forecast
Net Sales
¥470,000 million
Gross profit
¥108,500 million
Operating profit
¥60,000 million
Ordinary income
¥63,000 million
Net income for the current fiscal year
¥40,000 million
Orders received
¥620,000 million
Order backlog
¥561,574 million
ROE
Approximately 19.0
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Standalone gross profit¥-6,900 million
  • Standalone SG&A expenses¥-798 million
  • Operating income at domestic subsidiaries¥600 million
  • Operating income at overseas subsidiaries¥631 million
  • Consolidated adjustments¥-111 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The assumptions include construction demand, progress on projects under way, revenue at overseas subsidiaries and improved profitability on individual projects, while numerical assumptions for foreign exchange rates and raw material prices are Not disclosed
New initiatives
  • Development of T-Base menu offerings
  • Consideration of expanding T-Base satellite locations
  • Expansion of the rollout of the equipment and materials management system
  • Expanded use of PLANETS and FaciTas
  • Strengthening the recruitment and development of international talent
  • Rollout of the ROIC study group across all branches
  • Establishment of the Labor Affairs Promotion Department
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received¥296,259 million
    Year on year against the same period last year+35.8%
  • Order backlog¥526,122 million
    Year on year against the same period last year+31.8%
  • International business revenue¥38,945 million
    Year on year against the same period last year+12.0%
  • International business gross profit margin15.4 %
    Year-on-year change (points)4
  • Equity ratio61.8 %
    Year-on-year change (points)6.8
  • Number of sites using PLANETS53 postings
  • Number of sites using FaciTas12 postings
  • Number of sites using T-Base
Segment results
Consolidated
Net Sales
¥181,710 million-6.6%
Gross profit
¥40,163 million-9.5%
Operating profit
¥18,101 million-26.7%
Non-consolidated
Net Sales
¥126,268 million-12.4%
Gross profit
¥30,376 million-18.5%
Operating profit
¥15,385 million-33.4%
Domestic Subsidiaries
Net Sales
¥21,421 million+8.2%
Gross profit
¥4,338 million+20.2%
Operating profit
¥1,096 million+121.3%
Overseas Subsidiaries
Net Sales
¥38,945 million+12.0%
Gross profit
¥5,993 million+51.1%
Operating profit
¥1,918 million+49.0%
Medium-term management plan targets
Contribution to FY2030 construction revenue
¥500 100 million increase
T-Base satellite site
Approximately 10 locations
Target fiscal yearFY2030
Cross-shareholdings-to-net-assets ratio
15 % or lower
Financial targets
ROE
Fiscal 2026 planApproximately 19.0
Equity ratio
61.8 %
As ofEnd of September 2026
Orders received and order backlog
Orders received
¥296,259 million
Order backlog
¥526,122 million
Number of stores and locations
Number at period-end6 T-Base satellite locations
Number of employees
Number of EmployeesInternational business personnel: 3,184 national staff, 46 seconded employees
Changes and hiring plans during the periodThe number of technical employees aged 35 or younger is increasing. Recruitment efforts have been strengthened.
Annual Dividend
Annual dividend per share123 Yen
Interim61 Yen
End of period62 Yen
Payout ratio
40.2 %
PolicyTargeting a payout ratio of 40%
Acquisition of treasury shares
Supplementary informationThe policy is to conduct share buybacks flexibly, taking market conditions and other factors into consideration
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFY2026 second quarter
Net Sales¥181,710 million (YoY -6.6%)
Operating profit¥18,101 million (YoY -26.7%)
Ordinary income¥19,728 million (YoY -24.4%)
Net income¥11,559 million (YoY -42.8%)
Gross Profit Margin22.1 %
Operating profit margin10 %
Selling, general and administrative expenses¥22,062 million
Full-year earnings forecastNet Sales ¥470,000 million / Gross profit ¥108,500 million / Operating profit ¥60,000 million / Ordinary income ¥63,000 million / Net income for the current fiscal year ¥40,000 million / Orders received ¥620,000 million / Order backlog ¥561,574 million / ROE Approximately 19.0
Segment resultsConsolidated Net Sales ¥181,710 million (YoY -6.6%) / Gross profit ¥40,163 million (YoY -9.5%) / Operating profit ¥18,101 million (YoY -26.7%) / Non-consolidated Net Sales ¥126,268 million (YoY -12.4%) / Gross profit ¥30,376 million (YoY -18.5%) / Operating profit ¥15,385 million (YoY -33.4%) / Domestic Subsidiaries Net Sales ¥21,421 million (YoY +8.2%) / Gross profit ¥4,338 million (YoY +20.2%) / Operating profit ¥1,096 million (YoY +121.3%) / Overseas Subsidiaries Net Sales ¥38,945 million (YoY +12.0%) / Gross profit ¥5,993 million (YoY +51.1%) / Operating profit ¥1,918 million (YoY +49.0%)
Breakdown of Factors Affecting the ChangeFactors Standalone gross profit / Amount ¥-6,900 million, Factors Standalone SG&A expenses / Amount ¥-798 million, Factors Operating income at domestic subsidiaries / Amount ¥600 million, Factors Operating income at overseas subsidiaries / Amount ¥631 million, Factors Consolidated adjustments / Amount ¥-111 million
Key KPIsIndicator name Orders received / Value ¥296,259 million / Year on year against the same period last year ¥35.8 million, Indicator name Order backlog / Value ¥526,122 million / Year on year against the same period last year ¥31.8 million, Indicator name International business revenue / Value ¥38,945 million / Year on year against the same period last year ¥12 million, Indicator name International business gross profit margin / Value 15.4 % / Year-on-year change (points) 4 %, Indicator name Equity ratio / Value 61.8 % / Year-on-year change (points) 6.8 %, Indicator name Number of sites using PLANETS / Value 53 postings, Indicator name Number of sites using FaciTas / Value 12 postings, Indicator name Number of sites using T-Base / Value Not disclosed
Number of stores and locationsNumber at period-end 6 T-Base satellite locations / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees International business personnel: 3,184 national staff, 46 seconded employees / Changes and hiring plans during the period The number of technical employees aged 35 or younger is increasing. Recruitment efforts have been strengthened.
Assumptions Underlying the Business OutlookThe assumptions include construction demand, progress on projects under way, revenue at overseas subsidiaries and improved profitability on individual projects, while numerical assumptions for foreign exchange rates and raw material prices are Not disclosed
Medium-term management plan targetsContribution to FY2030 construction revenue ¥500 100 million increase / T-Base satellite site Approximately 10 locations / Cross-shareholdings-to-net-assets ratio 15 % or lower
Financial targetsROE Approximately 19.0 / Equity ratio 61.8 %
Annual DividendAnnual dividend per share 123 Yen / Interim 61 Yen / End of period 62 Yen
Payout ratio40.2 %
Acquisition of treasury sharesAmount under the acquisition limit Not disclosed / Number of Shares Not disclosed / Period Not disclosed / Supplementary information The policy is to conduct share buybacks flexibly, taking market conditions and other factors into consideration
Orders received and order backlogOrders received ¥296,259 million / Order backlog ¥526,122 million
New initiativesDevelopment of T-Base menu offerings, Consideration of expanding T-Base satellite locations, Expansion of the rollout of the equipment and materials management system, Expanded use of PLANETS and FaciTas, Strengthening the recruitment and development of international talent, Rollout of the ROIC study group across all branches, Establishment of the Labor Affairs Promotion Department
Items this document does not state (8)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsRisk amount incorporated into the outlookCapital expendituresMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

FY2026 Second Quarter Financial Results Presentation | Takasago Thermal Engineering Co.,Ltd. (1969) timely disclosure | Komori