Worth reading
73In 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
1275
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings 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 Sales¥33,024 million+4.0%
Operating profit¥1,407 million+12.0%
Ordinary income¥1,317 million-7.4%
Net income¥897 million -2.4%interim net income attributable to owners of the parent
Operating profit margin4.3 %
Full-year earnings forecast
Net Sales
¥65,200 million
Operating profit
¥3,000 million
Ordinary income
¥3,200 million
Profit attributable to owners of the parent
¥2,150 million
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 Sales50.7%
Operating profit46.9%
Ordinary income41.2%
Profit attributable to owners of the parent41.7%
Construction equipment-related revenue57.1%
Construction equipment-related segment profit65.6%
Rental-related revenue49.6%
Rental-related segment profit60.0%
Housing equipment-related revenue44.2%
Electronic equipment-related revenue43.1%
Company-wide total revenue50.7%
Company-wide total segment profit41.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and operating profit achieved the 2Q forecasts. Ordinary profit and interim net income attributable to owners of the parent fell short of the 2Q forecasts. Full-year revenue is progressing steadily, while profit items are somewhat behind schedule.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesConstruction equipment-related +¥1,397 million, rental-related +¥486 million, housing equipment-related -¥457 million, electronics-related -¥149 million
Ordinary incomeConstruction equipment +¥538 million, rental +¥118 million, housing equipment -¥365 million, electronics -¥140 million, foreign exchange hedging +¥72 million, valuation gains on foreign-currency-denominated assets and other items -¥247 million, other -¥80 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed Exchange Rates$1 = ¥150
New initiatives
- Full-scale rollout of Miltag, an RFID/NFC hybrid temporary construction equipment management system
- Joint development of “AI Quantity Takeoff” (provisional name) with 株式会社KK Generation, with a market launch targeted for around spring 2027
- Obtaining DX Certified Business Operator Certification
- Addition of an automated production line for hook-equipped scaffold planks at the Hyogo Plant, costing approximately ¥800 million
- Expansion of business-to-business sales channels for fitness-related products
- Full-scale launch of the two-way radio rental business
Key KPIsA metric the company considers important as a management benchmark.
- Rate of increase in production capacity of the new line25 %
- Equity ratio43.8 %Year on year against the same period last yearDown 2.0 percentage points from the previous fiscal year
- D/E ratio0.92 times
- Market share in the mid-to-high-rise construction equipment-related marketNo.1
- Home fitness equipment market shareNo.1
Segment results
Construction-equipment-related
Net Sales
¥14,352 million+10.8%
Segment profit
¥1,569 million+55.5%
Rental-related
Net Sales
¥9,313 million+5.5%
Segment profit
¥696 million+20.5%
Housing-equipment-related
Net Sales
¥6,807 million-6.3%
Segment profit
¥-415 million
Electronic-equipment-related
Net Sales
¥2,550 million-5.6%
Segment profit
¥-358 million
Adjustments
Segment profit
¥-174 million
Medium-term management plan targets
Rental asset investments¥7 billion
Investment in new product development, productivity improvement and capacity expansion¥5.5 billion
M&A-related investment¥3 billion
Human capital and digital transformation investment¥1 billion
Total¥16.5 billion
Target fiscal yearFiscal year ending March 2027
Comparison with actual resultsActual total through 2Q of the fiscal year ending March 2027: ¥12.68 billion; progress rate: 76.8%
Financial targets
Equity ratioActual: 43.8%
Debt-to-equity ratioActual: 0.92x
Market Size / Share
Construction investment2027 outlook: government ¥57.5 trillion, private sector ¥28.8 trillion
Medium- and high-rise market shareNo. 1 for the new Albatross scaffolding system in the construction equipment-related mid-to-high-rise market
Home fitness equipment market shareNo.1
Market share of digital fire dispatch receivers and vehicle-mounted digital general-purpose radiosNo.1
Number of employees
Number of EmployeesConsolidated: 1,486; non-consolidated: 781
Annual Dividend
Annual dividend per share¥45 (forecast)
Interim¥22
End of period¥23 (forecast)
Payout ratio
Rate40 % target
Forecast for the fiscal year ending March 202741.8%
Acquisition of treasury shares
Repurchase authorization amount¥1 billion (maximum)
Number of shares under the buyback program1.1 million shares (maximum)
PeriodFrom 7 May 2026 to 27 April 2027
Acquisition track record as of 30 September 2026586,400 shares, ¥629,865,600
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥33,024 million (YoY +4.0%) |
| Operating profit | ¥1,407 million (YoY +12.0%) |
| Ordinary income | ¥1,317 million (YoY -7.4%) |
| Net income | ¥897 million (interim net income attributable to owners of the parent) (YoY -2.4%) |
| Operating profit margin | 4.3 % |
| Full-year earnings forecast | Net Sales ¥65,200 million / Operating profit ¥3,000 million / Ordinary income ¥3,200 million / Profit attributable to owners of the parent ¥2,150 million |
| Progress against full-year forecast | Net Sales 50.7% / Operating profit 46.9% / Ordinary income 41.2% / Profit attributable to owners of the parent 41.7% / Construction equipment-related revenue 57.1% / Construction equipment-related segment profit 65.6% / Rental-related revenue 49.6% / Rental-related segment profit 60.0% / Housing equipment-related revenue 44.2% / Electronic equipment-related revenue 43.1% / Company-wide total revenue 50.7% / Company-wide total segment profit 41.2% |
| Self-assessment against the plan | Revenue and operating profit achieved the 2Q forecasts. Ordinary profit and interim net income attributable to owners of the parent fell short of the 2Q forecasts. Full-year revenue is progressing steadily, while profit items are somewhat behind schedule. |
| Segment results | Construction-equipment-related Net Sales ¥14,352 million (YoY +10.8%) / Segment profit ¥1,569 million (YoY +55.5%) / Rental-related Net Sales ¥9,313 million (YoY +5.5%) / Segment profit ¥696 million (YoY +20.5%) / Housing-equipment-related Net Sales ¥6,807 million (YoY -6.3%) / Segment profit ¥-415 million / Electronic-equipment-related Net Sales ¥2,550 million (YoY -5.6%) / Segment profit ¥-358 million / Adjustments Net Sales Not disclosed / Segment profit ¥-174 million |
| Breakdown of Factors Affecting the Change | Net Sales Construction equipment-related +¥1,397 million, rental-related +¥486 million, housing equipment-related -¥457 million, electronics-related -¥149 million / Ordinary income Construction equipment +¥538 million, rental +¥118 million, housing equipment -¥365 million, electronics -¥140 million, foreign exchange hedging +¥72 million, valuation gains on foreign-currency-denominated assets and other items -¥247 million, other -¥80 million |
| Key KPIs | Indicator name Rate of increase in production capacity of the new line / Value 25 % / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 43.8 % / Year on year against the same period last year Down 2.0 percentage points from the previous fiscal year, Indicator name D/E ratio / Value 0.92 times / Year on year against the same period last year Not disclosed, Indicator name Market share in the mid-to-high-rise construction equipment-related market / Value No.1 / Year on year against the same period last year Not disclosed, Indicator name Home fitness equipment market share / Value No.1 / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees Consolidated: 1,486; non-consolidated: 781 / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Assumed Exchange Rates $1 = ¥150 |
| Medium-term management plan targets | Rental asset investments ¥7 billion / Investment in new product development, productivity improvement and capacity expansion ¥5.5 billion / M&A-related investment ¥3 billion / Human capital and digital transformation investment ¥1 billion / Total ¥16.5 billion / Target fiscal year Fiscal year ending March 2027 / Comparison with actual results Actual total through 2Q of the fiscal year ending March 2027: ¥12.68 billion; progress rate: 76.8% |
| Financial targets | Equity ratio Actual: 43.8% / Debt-to-equity ratio Actual: 0.92x / ROE Not disclosed / ROIC Not disclosed |
| Annual Dividend | Annual dividend per share ¥45 (forecast) / Interim ¥22 / End of period ¥23 (forecast) |
| Payout ratio | Rate 40 % (target) / Forecast for the fiscal year ending March 2027 41.8% / Total payout ratio Not disclosed / DOE Not disclosed |
| Acquisition of treasury shares | Repurchase authorization amount ¥1 billion (maximum) / Number of shares under the buyback program 1.1 million shares (maximum) / Period From 7 May 2026 to 27 April 2027 / Acquisition track record as of 30 September 2026 586,400 shares, ¥629,865,600 |
| Market Size / Share | Construction investment 2027 outlook: government ¥57.5 trillion, private sector ¥28.8 trillion / Medium- and high-rise market share No. 1 for the new Albatross scaffolding system in the construction equipment-related mid-to-high-rise market / Home fitness equipment market share No.1 / Market share of digital fire dispatch receivers and vehicle-mounted digital general-purpose radios No.1 |
| New initiatives | Full-scale rollout of Miltag, an RFID/NFC hybrid temporary construction equipment management system, Joint development of “AI Quantity Takeoff” (provisional name) with 株式会社KK Generation, with a market launch targeted for around spring 2027, Obtaining DX Certified Business Operator Certification, Addition of an automated production line for hook-equipped scaffold planks at the Hyogo Plant, costing approximately ¥800 million, Expansion of business-to-business sales channels for fitness-related products, Full-scale launch of the two-way radio rental business |
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookCapital 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.Revenue and operating profit increased due to stronger coordination between sales and rental operations for temporary construction equipment, expanded collaboration among business divisions led by the newly established Sales Headquarters, and increased sales of the new Albatross scaffolding system. Ordinary profit declined due to lower valuations of foreign-currency-denominated assets and other items, as well as foreign exchange losses, while the housing equipment and electronics segments reported lower revenue and lower profit.
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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