Komori
Results presentation2445Takamiya Co.,Ltd.Information and Communications, Services and Others

Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027

In the first half of the fiscal year ending March 2027, net sales were broadly in line with the previous year, while operating income and ordinary income increased due to selective order acceptance in the rental business, recurring revenue from OPE-MANE and the suppression of selling, general and administrative expenses through DX. Progress against the full-year forecast was 43.9% for net sales and 37.0% for operating income, among other figures.

Worth reading
81Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
261
Millions of yen (year-on-year increase in operating income)
Wording
Definitive
How definitive the wording is.

Contents of this document

Results presentationSecond quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales21,295 Millions of yen+0.1%
Operating profit1,352 Millions of yen+24.0%
Ordinary income1,181 Millions of yen+26.1%
Net income¥603 million +4.8%first-half net income attributable to owners of the parent
Gross Profit Margin36.2 %
Operating profit margin6.3 %
Selling, general and administrative expensesAmount not stated
Results for the three months of the current quarterNet sales: ¥11,066 million; operating income: ¥875 million; ordinary income: ¥765 million; net income attributable to owners of the parent: ¥364 million (three-month period of the second quarter of the fiscal year ending March 2027)
Full-year earnings forecast
Net Sales
48,500 Millions of yen
Operating profit
3,650 Millions of yen
Ordinary income
2,850 Millions of yen
Net income for the current fiscal year
1,850 Millions of yen
Earnings per share
40.37 Yen
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales43.9
Operating profit37
Ordinary income41.4
Profit attributable to owners of the parent32.5
Platform business sales34.8
Sales business net sales47.7
Rental business revenue49.3
Overseas business revenue36.9
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing smoothly against the plan established at the beginning of the fiscal year
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Platform Business-33
Retail Business-516
Rental Business756
Overseas Business-97
Intersegment sales or transfers-98
Operating profit
Platform Business-33
Retail Business-39
Rental Business426
Overseas Business-46
Adjustments-44
Ordinary income
Operating profit261
Foreign exchange impact51
Increase in interest expense-49
Other non-operating income (loss)-18
New initiatives
  • Making 中央ビルト工業 a subsidiary through the acquisition of its shares
  • Rolling out Platform Partner using equipment storage locations of partner companies
  • Expansion of OPE-MANE's high-value-added product lineup
  • Construction of Takamiya Lab. East and Hokkaido Sapporo Base
Key KPIsA metric the company considers important as a management benchmark.
  • Cumulative OPE-MANE accounts175 companies
  • Number of new OPE-MANE accounts19 companies
  • Cumulative OPE-MANE sales contract revenue (value of equipment under management contracts)8,229 Millions of yen
  • Rental asset utilization rate (overall)58.4 %
    Year on year against the same period last yearDown
  • ROE7.7 %
  • ROIC3.7 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
External shipment value (rental volume)102.4% versus the second quarter of the fiscal year ended March 2025; +5.5% versus the second quarter of the fiscal year ended March 2026
Rental rates108.4% versus the second quarter of the fiscal year ended March 2025; +3.2% versus the second quarter of the fiscal year ended March 2026
Segment results
Platform Business
Net Sales
3,035 Millions of yen-1.1%
Operating profit
593 Millions of yen-5.4%
Retail Business
Net Sales
4,029 Millions of yen-11.4%
Operating profit
47 Millions of yen-45.9%
Rental Business
Net Sales
13,783 Millions of yen+5.8%
Operating profit
2,260 Millions of yen+23.3%
Overseas Business
Net Sales
2,318 Millions of yen-4.0%
Operating profit
-9 Millions of yen
Medium-term management plan targets
Operating profit
3,650 Millions of yen
Target fiscal yearFiscal year ending March 2027
Operating profit margin
At least 7.5%
Target fiscal yearFiscal year ending March 2027
ROE
At least 7.9%
Target fiscal yearFiscal year ending March 2027
ROIC
At least 3.8%
Target fiscal yearFiscal year ending March 2027
Cumulative OPE-MANE accounts
At least 236 companies
Target fiscal yearFiscal year ending March 2027
Three-year OPE-MANE sales contract value
8,320 Millions of yen
Target fiscal yearFiscal year ending March 2027
Financial targets
ROE
TargetAt least 7.9%
Actual results7.7 %
ROIC
TargetAt least 3.8%
Actual results3.7 %
Number of stores and locations
The 6 locations of 中央ビルト工業 are scheduled to be consolidated in April 2027. The number of existing locations at the fiscal year-end and the number of openings and closures during the fiscal year are not disclosed.
Capital expenditures
1,136 Million yen second-quarter results for the fiscal year ending March 2027
Annual Dividend
Annual dividend per share¥16 (interim ¥6, year-end ¥10)
Breakdown
Interim6
End of period10
Payout ratio
Policy is to maintain a payout ratio of at least 35%.
Acquisition of treasury shares
Not disclosed for the fiscal year ending March 2027 (¥362 million in the fiscal year ended March 2025)
Contents of this document
ItemDetails
Document typeResults presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales21,295 Millions of yen (YoY +0.1%)
Operating profit1,352 Millions of yen (YoY +24.0%)
Ordinary income1,181 Millions of yen (YoY +26.1%)
Net income¥603 million (first-half net income attributable to owners of the parent) (YoY +4.8%)
Gross Profit Margin36.2 %
Operating profit margin6.3 %
Selling, general and administrative expenses非開示
Results for the three months of the current quarterNet sales: ¥11,066 million; operating income: ¥875 million; ordinary income: ¥765 million; net income attributable to owners of the parent: ¥364 million (three-month period of the second quarter of the fiscal year ending March 2027)
Full-year earnings forecastNet Sales 48,500 Millions of yen / Operating profit 3,650 Millions of yen / Ordinary income 2,850 Millions of yen / Net income for the current fiscal year 1,850 Millions of yen / Earnings per share 40.37 Yen
Progress against full-year forecastNet Sales 43.9 / Operating profit 37 / Ordinary income 41.4 / Profit attributable to owners of the parent 32.5 / Platform business sales 34.8 / Sales business net sales 47.7 / Rental business revenue 49.3 / Overseas business revenue 36.9
Self-assessment against the planProgressing smoothly against the plan established at the beginning of the fiscal year
Segment resultsPlatform Business Net Sales 3,035 Millions of yen (YoY -1.1%) / Operating profit 593 Millions of yen (YoY -5.4%) / Retail Business Net Sales 4,029 Millions of yen (YoY -11.4%) / Operating profit 47 Millions of yen (YoY -45.9%) / Rental Business Net Sales 13,783 Millions of yen (YoY +5.8%) / Operating profit 2,260 Millions of yen (YoY +23.3%) / Overseas Business Net Sales 2,318 Millions of yen (YoY -4.0%) / Operating profit -9 Millions of yen
Breakdown of Factors Affecting the ChangeNet Sales Platform Business -33 / Retail Business -516 / Rental Business 756 / Overseas Business -97 / Intersegment sales or transfers -98 / Operating profit Platform Business -33 / Retail Business -39 / Rental Business 426 / Overseas Business -46 / Adjustments -44 / Ordinary income Operating profit 261 / Foreign exchange impact 51 / Increase in interest expense -49 / Other non-operating income (loss) -18
Key KPIsIndicator name Cumulative OPE-MANE accounts / Value 175 companies / Year on year against the same period last year Not disclosed, Indicator name Number of new OPE-MANE accounts / Value 19 companies / Year on year against the same period last year Not disclosed, Indicator name Cumulative OPE-MANE sales contract revenue (value of equipment under management contracts) / Value 8,229 Millions of yen / Year on year against the same period last year Not disclosed, Indicator name Rental asset utilization rate (overall) / Value 58.4 % / Year on year against the same period last year Down, Indicator name ROE / Value 7.7 % / Year on year against the same period last year Not disclosed, Indicator name ROIC / Value 3.7 % / Year on year against the same period last year Not disclosed
Unit price and quantity metricsExternal shipment value (rental volume) 102.4% versus the second quarter of the fiscal year ended March 2025; +5.5% versus the second quarter of the fiscal year ended March 2026 / Rental rates 108.4% versus the second quarter of the fiscal year ended March 2025; +3.2% versus the second quarter of the fiscal year ended March 2026
Number of stores and locationsThe 6 locations of 中央ビルト工業 are scheduled to be consolidated in April 2027. The number of existing locations at the fiscal year-end and the number of openings and closures during the fiscal year are not disclosed.
Medium-term management plan targetsOperating profit 3,650 Millions of yen / Operating profit margin At least 7.5% / ROE At least 7.9% / ROIC At least 3.8% / Cumulative OPE-MANE accounts At least 236 companies / Three-year OPE-MANE sales contract value 8,320 Millions of yen
Financial targetsROE Target At least 7.9% / Actual results 7.7 % / ROIC Target At least 3.8% / Actual results 3.7 %
Annual DividendAnnual dividend per share ¥16 (interim ¥6, year-end ¥10) / Breakdown Interim 6 / End of period 10
Payout ratioPolicy is to maintain a payout ratio of at least 35%.
Acquisition of treasury sharesNot disclosed for the fiscal year ending March 2027 (¥362 million in the fiscal year ended March 2025)
Capital expenditures1,136 Million yen (second-quarter results for the fiscal year ending March 2027)
New initiativesMaking 中央ビルト工業 a subsidiary through the acquisition of its shares, Rolling out Platform Partner using equipment storage locations of partner companies, Expansion of OPE-MANE's high-value-added product lineup, Construction of Takamiya Lab. East and Hokkaido Sapporo Base
Items this document does not state (6)
Number of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookOrders received and order backlogMarket 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.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The main reasons were the expansion of recurring revenue from OPE-MANE, an increase in large-scale civil engineering projects such as the Hokkaido Shinkansen, improved profitability from selective order acceptance in the rental business, and the utilization of human resources and suppression of selling, general and administrative expenses through DX and the Coin system.

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Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027 | Takamiya Co.,Ltd. (2445) timely disclosure | Komori