Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
436
JPY million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending December 20259 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥88,685 million+13.9%
Operating profit¥4,102 million-9.6%
Ordinary income¥4,827 million-8.1%
Net income¥3,944 million+11.3%
Operating profit margin4.6%, down 1.2 percentage points year on year (5.8% in the previous year)
Full-year earnings forecast
Net Sales
¥96,000 million
Operating profit
¥4,800 million
Ordinary income
¥5,400 million
Profit attributable to owners of the parent
¥3,800 million
ROE
7.5 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Results for fiscal 2025 were in line with the plan. The Industrial Materials business and the Sports and Construction Materials business exceeded plan, while the Hose business fell short of plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesAsia Industrial Materials +¥9,613 million, Asia Sports and Construction Materials +¥1,165 million, Asia Other +¥624 million, North America +¥623 million, Europe, South America and Oceania -¥205 million
Operating profitAsia Industrial Materials +¥177 million, Asia Sports and Construction Materials +¥106 million, Asia Other +¥243 million, North America -¥228 million, Europe, South America and Oceania -¥279 million, adjustments -¥457 million
Net incomeDecrease in operating income -¥436 million, foreign exchange gains +¥114 million, loss related to the net monetary position +¥125 million, gain on the recognition of negative goodwill +¥640 million, other factors -¥44 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- USD/JPY150
- CAD/JPY107
- EUR/JPY175
- RMB/JPY20
New initiatives
- Creating synergies through the integration of customers, products and functions with 株式会社ミトヨ
- Appointment of Yuji Nishida (西田 有志) as a TARAFLEX ambassador
- In-house production of fire hoses in North America and expansion of spahose production capacity in Canada
- Revision of eligible participants and benefit conditions under the performance-linked share-based compensation plan (BBT)
- Expansion of new warehouse and manufacturing capabilities in North America
Key KPIsA metric the company considers important as a management benchmark.
- ROE8.4 %Year on year against the same period last yearUnchanged from 8.4% in the same period of the previous year
- Total warehouse floor area in North America170 % vs. 2023Year on year against the same period last yearApproximately 170% of the 2023 level
Segment results
Asian Business
Net Sales
¥37,665 million+38.0%
Operating profit
¥3,209 million+19.6%
Industrial Materials
Net Sales
¥26,179 million+58.0%
Operating profit
¥2,277 million+8.4%
Sports and Construction Materials
Net Sales
¥11,064 million+11.7%
Operating profit
¥969 million+12.2%
Other
Net Sales
¥421 million-49.0%
Operating profit
¥-38 million
North America Business
Net Sales
¥45,270 million+1.4%
Operating profit
¥2,317 million-8.9%
Europe, South America and Oceania Business
Net Sales
¥5,749 million-3.5%
Operating profit
¥246 million-53.1%
Medium-term management plan targets
Fiscal year ending December 2030
Net Sales¥120 billion or more
Operating profit¥8 billion or more
ROE11% or higher
Investment amount¥20 billion or more (total for 3 years)
FY2027.12
Net Sales¥100 billion
Operating profit¥5.3 billion
ROE8% or higher
Financial targets
ROE
Actual results for the fiscal year ended December 20258.4%
Plan for the fiscal year ending December 20267.5%
Target for the fiscal year ending December 203011% or higher
Equity ratio
End of December 202463.7%
End of December 202554.8%
Capital expenditures
¥3,974 million acquisitions of property, plant and equipment
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending December 2025 |
| Net Sales | ¥88,685 million (YoY +13.9%) |
| Operating profit | ¥4,102 million (YoY -9.6%) |
| Ordinary income | ¥4,827 million (YoY -8.1%) |
| Net income | ¥3,944 million (YoY +11.3%) |
| Operating profit margin | 4.6%, down 1.2 percentage points year on year (5.8% in the previous year) |
| Full-year earnings forecast | Net Sales ¥96,000 million / Operating profit ¥4,800 million / Ordinary income ¥5,400 million / Profit attributable to owners of the parent ¥3,800 million / ROE 7.5 % |
| Self-assessment against the plan | Results for fiscal 2025 were in line with the plan. The Industrial Materials business and the Sports and Construction Materials business exceeded plan, while the Hose business fell short of plan. |
| Segment results | Asian Business Net Sales ¥37,665 million (YoY +38.0%) / Operating profit ¥3,209 million (YoY +19.6%) / Industrial Materials Net Sales ¥26,179 million (YoY +58.0%) / Operating profit ¥2,277 million (YoY +8.4%) / Sports and Construction Materials Net Sales ¥11,064 million (YoY +11.7%) / Operating profit ¥969 million (YoY +12.2%) / Other Net Sales ¥421 million (YoY -49.0%) / Operating profit ¥-38 million / North America Business Net Sales ¥45,270 million (YoY +1.4%) / Operating profit ¥2,317 million (YoY -8.9%) / Europe, South America and Oceania Business Net Sales ¥5,749 million (YoY -3.5%) / Operating profit ¥246 million (YoY -53.1%) |
| Breakdown of Factors Affecting the Change | Net Sales Asia Industrial Materials +¥9,613 million, Asia Sports and Construction Materials +¥1,165 million, Asia Other +¥624 million, North America +¥623 million, Europe, South America and Oceania -¥205 million / Operating profit Asia Industrial Materials +¥177 million, Asia Sports and Construction Materials +¥106 million, Asia Other +¥243 million, North America -¥228 million, Europe, South America and Oceania -¥279 million, adjustments -¥457 million / Net income Decrease in operating income -¥436 million, foreign exchange gains +¥114 million, loss related to the net monetary position +¥125 million, gain on the recognition of negative goodwill +¥640 million, other factors -¥44 million |
| Key KPIs | Indicator name ROE / Value 8.4 % / Year on year against the same period last year Unchanged from 8.4% in the same period of the previous year, Indicator name Total warehouse floor area in North America / Value 170 % vs. 2023 / Year on year against the same period last year Approximately 170% of the 2023 level |
| Assumptions Underlying the Business Outlook | Item USD/JPY / Value 150, Item CAD/JPY / Value 107, Item EUR/JPY / Value 175, Item RMB/JPY / Value 20 |
| Medium-term management plan targets | Fiscal year ending December 2030 Net Sales ¥120 billion or more / Operating profit ¥8 billion or more / ROE 11% or higher / Investment amount ¥20 billion or more (total for 3 years) / FY2027.12 Net Sales ¥100 billion / Operating profit ¥5.3 billion / ROE 8% or higher |
| Financial targets | ROE Actual results for the fiscal year ended December 2025 8.4% / Plan for the fiscal year ending December 2026 7.5% / Target for the fiscal year ending December 2030 11% or higher / Equity ratio End of December 2024 63.7% / End of December 2025 54.8% |
| Capital expenditures | ¥3,974 million (acquisitions of property, plant and equipment) |
| New initiatives | Creating synergies through the integration of customers, products and functions with 株式会社ミトヨ, Appointment of Yuji Nishida (西田 有志) as a TARAFLEX ambassador, In-house production of fire hoses in North America and expansion of spahose production capacity in Canada, Revision of eligible participants and benefit conditions under the performance-linked share-based compensation plan (BBT), Expansion of new warehouse and manufacturing capabilities in North America |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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.Revenue increased due to the recovery in production of agricultural and construction machinery, expansion of products handled, demand for railway facility renovations, and sales to the oil and gas-related sector in South America. Operating income declined due to higher costs, including those associated with the relocation of a logistics warehouse in Canada, the application of hyperinflation accounting at an Argentine subsidiary in the Europe, South America and Oceania business, and sluggish sales to fire-fighting agencies within Europe. Net income increased due to foreign exchange gains and a gain on the bargain purchase of negative goodwill, among other factors.
How to read this page
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