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Results5192Mitsuboshi Belting Ltd.Automobiles and Transportation Equipment

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

The first half of the fiscal year ending March 2027 generated revenue of ¥51,389 million and operating profit of ¥6,667 million, resulting in higher revenue and profit than in the same period of the previous year. The full-year earnings forecast has been revised, with the revised operating profit forecast set at ¥11,300 million.

Worth reading
53Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
6667
¥ million (operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales51,389Million yenYear on year +12.0%Progress 52.4%
Operating profit6,667Million yenYear on year +45.0%Progress 59.0%
Ordinary income7,142Million yenYear on year +40.7%Progress 60.5%
Net income attributable to owners of the parent6,410Million yenYear on year +65.6%Progress 55.7%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥230.13
Financial position at period-end
Total assets133,613Million yen
of which net assets 103,553 Million yenEquity ratio 77.5%vs. prior year-end -0.7pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenue
Domestic belt business15,75730.7%+6.9%
Overseas belt business29,32357.1%+18.7%
Construction materials business2,8375.5%-17.1%
Other3,4716.8%+15.8%
Segment profit
Domestic belt business4,579+30.1%
Overseas belt business3,851+81.7%
Construction materials business-56
Other252+41.6%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales98,000 Million yen (YoY +6.2%)
Operating profit11,300 Million yen (YoY +30.2%)
Ordinary income11,800 Million yen (YoY +15.9%)
Net income11,500 Million yen (YoY +55.6%)
Revision to Earnings ForecastNet Sales Not disclosed → 98,000 Million yen / Operating profit Not disclosed → 11,300 Million yen / Ordinary income Not disclosed → 11,800 Million yen / Net income Not disclosed → 11,500 Million yen
Annual Dividend Forecast191 Yen → 193 Yen(+1.0%)
Factors Behind Changes in Business Performance

Domestic belt sales remained firm for electric drive units, agricultural machinery and semiconductor-related applications. Overseas belt sales increased for transmission belts for motorcycles and multipurpose four-wheel vehicles, electrification-related products, and products for Asian markets, including China. Construction materials revenue declined because of construction delays, labor shortages and a decrease in large-scale construction projects. In Other, electronic materials sales remained firm, and higher silver prices also contributed.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNo (the number and names of companies newly consolidated or excluded are not disclosed)
Breakdown of extraordinary income (loss)Extraordinary income Gain on Sale of Investment Securities 1,913 Million yen / Extraordinary loss Not disclosed
Depreciation and amortization2,450 Million yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End31,104,198 Shares
Treasury Shares at Period-End3,392,543 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales51,389 Million yen (YoY +12.0%)
Operating profit6,667 Million yen (YoY +45.0%)
Ordinary income7,142 Million yen (YoY +40.7%)
Profit attributable to owners of the parent6,410 Million yen (YoY +65.6%)
Net income per share¥230.13
Equity ratioEnd of the current fiscal period 77.5 / End of previous period 78.2
Total assets133,613 Million yen
Net assets103,553 Million yen
Full-year earnings forecastNet Sales 98,000 Million yen (YoY +6.2%) / Operating profit 11,300 Million yen (YoY +30.2%) / Ordinary income 11,800 Million yen (YoY +15.9%) / Net income 11,500 Million yen (YoY +55.6%)
Revision to Earnings ForecastNet Sales Not disclosed → 98,000 Million yen / Operating profit Not disclosed → 11,300 Million yen / Ordinary income Not disclosed → 11,800 Million yen / Net income Not disclosed → 11,500 Million yen
Annual Dividend Forecast191 Yen → 193 Yen(+1.0%)
Segment revenueDomestic belt business 15,757 Million yen (YoY +6.9%) / Overseas belt business 29,323 Million yen (YoY +18.7%) / Construction materials business 2,837 Million yen (YoY -17.1%) / Other 3,471 Million yen (YoY +15.8%)
Segment profitDomestic belt business 4,579 Million yen (YoY +30.1%) / Overseas belt business 3,851 Million yen (YoY +81.7%) / Construction materials business -56 Million yen / Other 252 Million yen (YoY +41.6%)
Depreciation and amortization2,450 Million yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on Sale of Investment Securities 1,913 Million yen / Extraordinary loss Not disclosed
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNo (the number and names of companies newly consolidated or excluded are not disclosed)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End31,104,198 Shares
Treasury Shares at Period-End3,392,543 Shares
Factors Behind Changes in Business PerformanceDomestic belt sales remained firm for electric drive units, agricultural machinery and semiconductor-related applications. Overseas belt sales increased for transmission belts for motorcycles and multipurpose four-wheel vehicles, electrification-related products, and products for Asian markets, including China. Construction materials revenue declined because of construction delays, labor shortages and a decrease in large-scale construction projects. In Other, electronic materials sales remained firm, and higher silver prices also contributed.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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.

Domestic belt sales remained firm for electric drive units, agricultural machinery and semiconductor-related applications. Overseas belt sales increased for transmission belts for motorcycles and multipurpose four-wheel vehicles, electrification-related products, and products for Asian markets, including China. In Other, electronic materials sales remained firm, while higher silver prices also contributed to the increase in revenue. Construction materials revenue declined because of construction delays, labor shortages and a decrease in large-scale construction projects. The details of the reasons for revising the full-year earnings forecast are not provided in this earnings report.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | Mitsuboshi Belting Ltd. (5192) timely disclosure | Komori