Komori
Earnings presentation5852AHRESTY CORPORATIONIron and Steel, Nonferrous Metals

Financial Results Briefing Materials for the Second Quarter of Fiscal 2026

In the first half of fiscal 2026, net sales increased year on year, while operating profit, ordinary profit and net income were all negative due to surging aluminum ingot prices and lower order volumes, among other factors. The full-year plan reflects the revised plan dated 29 September, and net income is listed as undecided.

Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-2701
¥ million (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFY2026 second quarter14 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥88,169 million+7.4%
Operating profit¥-896 million-149.7%
Ordinary income¥-1,652 million-258.9%
Net income¥-1,847 million-188.9%
Results for the three months of the current quarter
Net Sales
¥45,750 million
Operating profit
¥-433 million
Ordinary income
¥-1,175 million
Net income for the current fiscal year
¥-1,179 million
Full-year earnings forecast
Net Sales
¥180,800 million
Operating profit
¥300 million
Ordinary income
¥-800 million
Net income for the current fiscal yearUndecided
Die Casting Japan
Net Sales
¥76,800 million
Segment Profit or Loss
¥1,500 million
Die Casting North America
Net Sales
¥56,900 million
Segment Profit or Loss
¥-1,500 million
Die Casting Asia
Net Sales
¥33,800 million
Segment Profit or Loss
¥-700 million
Aluminum Business
Net Sales
¥9,300 million
Segment Profit or Loss
¥550 million
Finished-Products Business
Net Sales
¥4,000 million
Segment Profit or Loss
¥450 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Sales volume was generally in line with the initial plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated operating profit
  • Sales volume¥-762 million
  • Depreciation¥-95 million
  • Manufacturing Costs¥244 million
  • Impact of Ingot Market Prices¥-2,390 million
  • Aluminum and finished products business¥250 million
  • Other¥53 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • USD exchange rate¥155
  • Chinese yuan exchange rate¥22
  • Indian rupee exchange rate¥1.7
  • Order volumeDown 7% year on year
New initiatives
  • Further optimization of the production structure at the Chinese factory
  • Labor-saving measures at the US factory and structural reform from a North America-wide optimization perspective
  • Production optimization through integrated operations in the United States and Mexico
  • Technology displays for next-generation mobility at die-casting conferences and exhibitions
Key KPIsA metric the company considers important as a management benchmark.
  • Sales volumeYear-on-Year Decline
    Year on year against the same period last yearDecreased
  • Consolidated headcount4,999 people
  • Equity ratio38.8 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Sales volume and unit prices
    BusinessAluminum Business
    DetailsBoth increased
Segment results
  • Die Casting Japan
    Net Sales¥37,247 million
    Year-on-year revenue¥3,740 million
    Segment Profit or Loss¥-367 million
    Year-on-year change in income (loss)¥-1,532 million
  • Die Casting North America
    Net Sales¥28,504 million
    Year-on-year revenue¥2,255 million
    Segment Profit or Loss¥-719 million
    Year-on-year change in income (loss)¥-798 million
  • Die Casting Asia
    Net Sales¥16,373 million
    Year-on-year revenue¥-909 million
    Segment Profit or Loss¥-374 million
    Year-on-year change in income (loss)¥-541 million
  • Aluminum Business
    Net Sales¥4,453 million
    Year-on-year revenue¥1,308 million
    Segment Profit or Loss¥378 million
    Year-on-year change in income (loss)¥283 million
  • Finished-Products Business
    Net Sales¥1,590 million
    Year-on-year revenue¥-315 million
    Segment Profit or Loss¥201 million
    Year-on-year change in income (loss)¥-34 million
Medium-term management plan targets
FY2027
Net Sales1,700
Operating profit60
Operating profit margin3.5%
ROE7.0%
Electric vehicle sales ratioFY30 55%
FY2030
Net Sales1,800
Operating profit81
Operating profit margin4.5%
ROE9.0%
Electric vehicle sales ratio55%
CO2 Emissions Reduction△50%
Financial targets
ROE
Long-Term Targets9%
FY2025 actual6.6%
FY2027 target7.0%
FY2030 target9.0%
Equity ratio
Target40% or more
FY2026 first-half results38.8%
Financial leverage
FY2030 target2.50 times or less
Number of employees
Number of Employees4,999 people
Capital expenditures
¥1,400 100 million including tooling investment
Annual Dividend
Annual dividend per share¥34
Interim¥10
End of period¥24
Payout ratio
35% or more
DOE1.5%
Acquisition of treasury shares
A policy of flexible implementation is mentioned, but the acquisition limit, number of shares and period are not disclosed
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFY2026 second quarter
Net Sales¥88,169 million (YoY +7.4%)
Operating profit¥-896 million (YoY -149.7%)
Ordinary income¥-1,652 million (YoY -258.9%)
Net income¥-1,847 million (YoY -188.9%)
Results for the three months of the current quarterNet Sales ¥45,750 million / Operating profit ¥-433 million / Ordinary income ¥-1,175 million / Net income for the current fiscal year ¥-1,179 million
Full-year earnings forecastNet Sales ¥180,800 million / Operating profit ¥300 million / Ordinary income ¥-800 million / Net income for the current fiscal year Undecided / Die Casting Japan Net Sales ¥76,800 million / Segment Profit or Loss ¥1,500 million / Die Casting North America Net Sales ¥56,900 million / Segment Profit or Loss ¥-1,500 million / Die Casting Asia Net Sales ¥33,800 million / Segment Profit or Loss ¥-700 million / Aluminum Business Net Sales ¥9,300 million / Segment Profit or Loss ¥550 million / Finished-Products Business Net Sales ¥4,000 million / Segment Profit or Loss ¥450 million
Self-assessment against the planSales volume was generally in line with the initial plan
Segment resultsSegment Die Casting Japan / Net Sales ¥37,247 million / Year-on-year revenue ¥3,740 million / Segment Profit or Loss ¥-367 million / Year-on-year change in income (loss) ¥-1,532 million, Segment Die Casting North America / Net Sales ¥28,504 million / Year-on-year revenue ¥2,255 million / Segment Profit or Loss ¥-719 million / Year-on-year change in income (loss) ¥-798 million, Segment Die Casting Asia / Net Sales ¥16,373 million / Year-on-year revenue ¥-909 million / Segment Profit or Loss ¥-374 million / Year-on-year change in income (loss) ¥-541 million, Segment Aluminum Business / Net Sales ¥4,453 million / Year-on-year revenue ¥1,308 million / Segment Profit or Loss ¥378 million / Year-on-year change in income (loss) ¥283 million, Segment Finished-Products Business / Net Sales ¥1,590 million / Year-on-year revenue ¥-315 million / Segment Profit or Loss ¥201 million / Year-on-year change in income (loss) ¥-34 million
Breakdown of Factors Affecting the ChangeConsolidated operating profit Factors Sales volume / Amount ¥-762 million, Factors Depreciation / Amount ¥-95 million, Factors Manufacturing Costs / Amount ¥244 million, Factors Impact of Ingot Market Prices / Amount ¥-2,390 million, Factors Aluminum and finished products business / Amount ¥250 million, Factors Other / Amount ¥53 million
Key KPIsIndicator name Sales volume / Value Year-on-Year Decline / Year on year against the same period last year Decreased, Indicator name Consolidated headcount / Value 4,999 people / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 38.8 % / Year on year against the same period last year Not disclosed
Unit price and quantity metricsBusiness Aluminum Business / Indicator Sales volume and unit prices / Details Both increased
Number of employeesNumber of Employees 4,999 people / Change during the period Not disclosed
Assumptions Underlying the Business OutlookIndicator USD exchange rate / Value ¥155, Indicator Chinese yuan exchange rate / Value ¥22, Indicator Indian rupee exchange rate / Value ¥1.7, Indicator Order volume / Value Down 7% year on year
Medium-term management plan targetsFY2027 Net Sales 1,700 / Operating profit 60 / Operating profit margin 3.5% / ROE 7.0% / Electric vehicle sales ratio FY30 55% / FY2030 Net Sales 1,800 / Operating profit 81 / Operating profit margin 4.5% / ROE 9.0% / Electric vehicle sales ratio 55% / CO2 Emissions Reduction △50%
Financial targetsROE Long-Term Targets 9% / FY2025 actual 6.6% / FY2027 target 7.0% / FY2030 target 9.0% / Equity ratio Target 40% or more / FY2026 first-half results 38.8% / Financial leverage FY2030 target 2.50 times or less
Annual DividendAnnual dividend per share ¥34 / Interim ¥10 / End of period ¥24
Payout ratioValue 35% or more / DOE 1.5%
Acquisition of treasury sharesA policy of flexible implementation is mentioned, but the acquisition limit, number of shares and period are not disclosed
Capital expenditures¥1,400 100 million (including tooling investment)
New initiativesFurther optimization of the production structure at the Chinese factory, Labor-saving measures at the US factory and structural reform from a North America-wide optimization perspective, Production optimization through integrated operations in the United States and Mexico, Technology displays for next-generation mobility at die-casting conferences and exhibitions
Items this document does not state (9)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsRisk 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.

Lower order volumes due to weak sales, particularly in the Chinese market, surging aluminum ingot prices, and a sharp increase in ingot procurement costs due to the situation in the Middle East put pressure on earnings. In addition, the company recorded foreign exchange losses and special retirement allowances associated with rationalizing the production structure at its Chinese factory.

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.
Financial Results Briefing Materials for the Second Quarter of Fiscal 2026 | AHRESTY CORPORATION (5852) timely disclosure | Komori