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Earnings6149Odawara Engineering Co.,Ltd.Machinery

Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

In the first quarter of the fiscal year ending December 2026, revenue increased 40.2% year on year, while operating income, ordinary income and net income all turned profitable from losses in the same period of the previous fiscal year. The full-year earnings forecast and annual dividend forecast remain unchanged.

Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
40.2
% (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAP
Net Sales3,118¥ millionYear on year +40.2%Progress 22.3%
Operating profit323¥ millionProgress 27.6%
Ordinary income351¥ millionProgress 28.3%
Net income attributable to owners of the parent260¥ millionProgress 30.2%

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¥45.54
Financial position at period-end
Total assets24,359¥ million
of which net assets 18,428 ¥ millionEquity ratio 75.7%vs. prior year-end +1.2pt

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 revenueWinding Machine Business ¥1,776 million (YoY +55.2%), Blowers and Housing Equipment Business ¥1,341 million (YoY +24.2%)
Segment profitWinding Machine Business ¥315 million (YoY +984.3%), Blowers and Housing Equipment Business ¥103 million (YoY +530.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥14,000 million (YoY -23.2%)
Operating profit¥1,170 million (YoY -61.7%)
Ordinary income¥1,240 million (YoY -61.0%)
Net income¥860 million (YoY -62.9%)
Revision to Earnings Forecaststatus No revision / Net Sales ¥14,000 million → ¥14,000 million(0.0%) / Operating profit ¥1,170 million → ¥1,170 million(0.0%) / Ordinary income ¥1,240 million → ¥1,240 million(0.0%) / Net income ¥860 million → ¥860 million(0.0%)
Annual Dividend Forecast¥70 → ¥70(0.0%)
Factors Behind Changes in Business Performance

In the winding machine business, revenue increased mainly from winding line systems, additional jigs and modification projects for xEV motors. Costs were kept low because many of the projects were repeat projects with no development component. Order wins for certain projects also contributed. In the blower and housing equipment-related businesses, orders for axial-flow fans increased substantially, and big fans for warehouses also performed well. The housing equipment-related business, however, remained sluggish due to the impact of higher raw material prices and other factors.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥5,704 thousand / Extraordinary loss Not disclosed
Depreciation and amortization¥140,259 thousand
Orders received and order backlogOrders received ¥2,998 million / Order backlog ¥10,624 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End6,392,736
Treasury Shares at Period-End671,156
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–31 March 2026
Net Sales¥3,118 million (YoY +40.2%)
Operating profit¥323 million
Ordinary income¥351 million
Profit attributable to owners of the parent¥260 million
Net income per share¥45.54
Equity ratioEnd of the current fiscal period 75.7 / End of previous period 74.5
Total assets¥24,359 million
Net assets¥18,428 million
Full-year earnings forecastNet Sales ¥14,000 million (YoY -23.2%) / Operating profit ¥1,170 million (YoY -61.7%) / Ordinary income ¥1,240 million (YoY -61.0%) / Net income ¥860 million (YoY -62.9%)
Revision to Earnings Forecaststatus No revision / Net Sales ¥14,000 million → ¥14,000 million(0.0%) / Operating profit ¥1,170 million → ¥1,170 million(0.0%) / Ordinary income ¥1,240 million → ¥1,240 million(0.0%) / Net income ¥860 million → ¥860 million(0.0%)
Annual Dividend Forecast¥70 → ¥70(0.0%)
Segment revenueWinding Machine Business ¥1,776 million (YoY +55.2%), Blowers and Housing Equipment Business ¥1,341 million (YoY +24.2%)
Segment profitWinding Machine Business ¥315 million (YoY +984.3%), Blowers and Housing Equipment Business ¥103 million (YoY +530.1%)
Orders received and order backlogOrders received ¥2,998 million / Order backlog ¥10,624 million
Depreciation and amortization¥140,259 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥5,704 thousand / Extraordinary loss Not disclosed
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End6,392,736
Treasury Shares at Period-End671,156
Factors Behind Changes in Business PerformanceIn the winding machine business, revenue increased mainly from winding line systems, additional jigs and modification projects for xEV motors. Costs were kept low because many of the projects were repeat projects with no development component. Order wins for certain projects also contributed. In the blower and housing equipment-related businesses, orders for axial-flow fans increased substantially, and big fans for warehouses also performed well. The housing equipment-related business, however, remained sluggish due to the impact of higher raw material prices and other factors.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesImpairment 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.

The Company pursued priority measures in its winding machine business and blower and housing equipment-related businesses. In the winding machine business, higher sales and order wins for xEV-related projects, as well as lower costs from repeat projects, contributed to performance. In the blower business, increased orders for axial-flow fans and strong sales of big fans were contributing factors.

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Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | Odawara Engineering Co.,Ltd. (6149) timely disclosure | Komori