Worth reading
70In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
337
¥100 million (year-on-year increase in business profit)Wording
Definitive
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter of fiscal 2026 (first half)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales6,394 Hundreds of millions of yen
Operating profit¥958 100 million business profit
Net income¥726 100 million profit for the year
Operating profit margin15 % business profit margin
Full-year earnings forecast
OtherOHT business revenue of ¥413 billion, up 11% year on year
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half results exceeded the plan announced in MayNew initiatives
- Formulation and explanation of the next medium-term management plan, YX2029
- Launch of new products by region in fiscal 2026 (Europe, Asia, Japan, China and North America)
- Expanding OHT tire sales for agricultural machinery, mining and construction vehicles, and industrial vehicles
Key KPIsA metric the company considers important as a management benchmark.
- AGW ratio40 %
- Sales volume of high-value-added ADVAN products130 % vs. 2025Year on year against the same period last year+30%
- Sales volume of high-value-added GEOLANDAR products98 % vs. 2025Year on year against the same period last year-2%
- Sales volume of high-value-added WINTER products110 % vs. 2025Year on year against the same period last year+10%
- Sales volume of tires measuring 18 inches or more106 % vs. 2025Year on year against the same period last year+6%
- Total tire sales volume (excluding OHT)100 % year on yearYear on year against the same period last year±0%
- Y-ATG agricultural machinery tire sales volume104 % year on yearYear on year against the same period last year+4%
- Y-TWS agricultural machinery tire sales volume112 % year on yearYear on year against the same period last year+12%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The presentation includes the average selling price per tire and business profit per tire. Compared with 2021, the average selling price was approximately 1.5 times higher and business profit per tire approximately 3.3 times higher.Segment results
Original-Equipment TiresFirst-half revenue, business profit and business profit margin are presented graphically. Some details of the figures are not disclosed
MB businessFirst-half revenue, business profit and business profit margin are presented graphically. Some details of the figures are not disclosed
Medium-term management plan targets
The annual AGW ratio target for fiscal 2026 under YX2026 is 47% (initial target: 50%). The next medium-term management plan, YX2029, is scheduled to be explained.Financial targets
The fiscal 2026 full-year financial targets under YX2026 are mentioned, but detailed figures are Not disclosedMarket Size / Share
The global passenger-car tire market is valued at ¥15 trillion and the global OHT tire market at ¥6 trillion. The company aims to maximize its share of the agricultural machinery tire market.| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter of fiscal 2026 (first half) |
| Net Sales | 6,394 Hundreds of millions of yen |
| Operating profit | ¥958 100 million (business profit) |
| Net income | ¥726 100 million (profit for the year) |
| Operating profit margin | 15 % (business profit margin) |
| Full-year earnings forecast | Revenue Not disclosed / Business profit Not disclosed / Other OHT business revenue of ¥413 billion, up 11% year on year |
| Self-assessment against the plan | First-half results exceeded the plan announced in May |
| Segment results | Original-Equipment Tires First-half revenue, business profit and business profit margin are presented graphically. Some details of the figures are not disclosed / MB business First-half revenue, business profit and business profit margin are presented graphically. Some details of the figures are not disclosed |
| Key KPIs | Indicator name AGW ratio / Value 40 % / Year on year against the same period last year Not disclosed, Indicator name Sales volume of high-value-added ADVAN products / Value 130 % vs. 2025 / Year on year against the same period last year +30%, Indicator name Sales volume of high-value-added GEOLANDAR products / Value 98 % vs. 2025 / Year on year against the same period last year -2%, Indicator name Sales volume of high-value-added WINTER products / Value 110 % vs. 2025 / Year on year against the same period last year +10%, Indicator name Sales volume of tires measuring 18 inches or more / Value 106 % vs. 2025 / Year on year against the same period last year +6%, Indicator name Total tire sales volume (excluding OHT) / Value 100 % year on year / Year on year against the same period last year ±0%, Indicator name Y-ATG agricultural machinery tire sales volume / Value 104 % year on year / Year on year against the same period last year +4%, Indicator name Y-TWS agricultural machinery tire sales volume / Value 112 % year on year / Year on year against the same period last year +12% |
| Unit price and quantity metrics | The presentation includes the average selling price per tire and business profit per tire. Compared with 2021, the average selling price was approximately 1.5 times higher and business profit per tire approximately 3.3 times higher. |
| Medium-term management plan targets | The annual AGW ratio target for fiscal 2026 under YX2026 is 47% (initial target: 50%). The next medium-term management plan, YX2029, is scheduled to be explained. |
| Financial targets | The fiscal 2026 full-year financial targets under YX2026 are mentioned, but detailed figures are Not disclosed |
| Market Size / Share | The global passenger-car tire market is valued at ¥15 trillion and the global OHT tire market at ¥6 trillion. The company aims to maximize its share of the agricultural machinery tire market. |
| New initiatives | Formulation and explanation of the next medium-term management plan, YX2029, Launch of new products by region in fiscal 2026 (Europe, Asia, Japan, China and North America), Expanding OHT tire sales for agricultural machinery, mining and construction vehicles, and industrial vehicles |
Items this document does not state (16)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.This reflects progress in expanding sales of high-value-added products, growing the OHT business, expanding the acquired businesses, and restructuring and improving the profitability of the MB business. However, no amounts by factor or clear causal relationships were provided for the increase in first-half results.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.