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Results6149Odawara Engineering Co.,Ltd.Machinery

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

For the cumulative third quarter of the fiscal year ending December 2026, revenue fell 7.2% year on year and operating profit fell 20.3%, resulting in lower revenue and profit. The full-year earnings and annual dividend forecasts have not been revised.

Worth reading
50Recurring
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
20.3
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Third quarter1 January 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales11,336¥ millionYear on year -7.2%Progress 81.0%
Operating profit1,500¥ millionYear on year -20.3%Progress 128.2%
Ordinary income1,564¥ millionYear on year -19.0%Progress 126.1%
Net income attributable to owners of the parent1,135¥ millionYear on year -16.5%Progress 132.0%

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¥198.25
Financial position at period-end
Total assets23,375¥ million
of which net assets 19,480 ¥ millionEquity ratio 83.3%vs. prior year-end +8.8pt

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 ¥7,106 million (YoY -19.6%), Blowers and Residential Equipment Business ¥4,229 million (YoY +25.2%)
Segment profitWinding Machine Business ¥1,549 million (YoY -25.6%), Blowers and Residential Equipment Business ¥259 million (YoY +110.1%)
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%)
Annual Dividend Forecast¥70 → ¥70(0.0%)
Factors Behind Changes in Business Performance

Delays in customers' development plans for new vehicles, primarily xEVs, pushed back capital investment, resulting in lower revenue and profit in the winding machine business. In the blower business, axial-flow fans for machine tools and robots and big fans for warehouses performed well, while price reviews for axial-flow fans also contributed to higher revenue and profit.

Disclosure regarding the going concern assumption

There are no applicable matters.

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 0 / Excluded 0 / Name of new entity Not disclosed / Excluded Company Name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥6,975 thousand / Extraordinary loss Not disclosed
Depreciation and amortization¥437,800 thousand
Orders received and order backlogOrders received ¥5,715 million / Order backlog ¥8,011 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-End657,956
Results for this period
ItemDetails
Fiscal Period ClassificationThird quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026 to 30 September 2026
Net Sales¥11,336 million (YoY -7.2%)
Operating profit¥1,500 million (YoY -20.3%)
Ordinary income¥1,564 million (YoY -19.0%)
Profit attributable to owners of the parent¥1,135 million (YoY -16.5%)
Net income per share¥198.25
Equity ratioEnd of the current fiscal period 83.3 / End of previous period 74.5
Total assets¥23,375 million
Net assets¥19,480 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%)
Annual Dividend Forecast¥70 → ¥70(0.0%)
Segment revenueWinding Machine Business ¥7,106 million (YoY -19.6%), Blowers and Residential Equipment Business ¥4,229 million (YoY +25.2%)
Segment profitWinding Machine Business ¥1,549 million (YoY -25.6%), Blowers and Residential Equipment Business ¥259 million (YoY +110.1%)
Orders received and order backlogOrders received ¥5,715 million / Order backlog ¥8,011 million
Depreciation and amortization¥437,800 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥6,975 thousand / Extraordinary loss Not disclosed
Disclosure regarding the going concern assumptionThere are no applicable matters.
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 0 / Excluded 0 / Name of new entity Not disclosed / Excluded 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-End657,956
Factors Behind Changes in Business PerformanceDelays in customers' development plans for new vehicles, primarily xEVs, pushed back capital investment, resulting in lower revenue and profit in the winding machine business. In the blower business, axial-flow fans for machine tools and robots and big fans for warehouses performed well, while price reviews for axial-flow fans also contributed to higher revenue and profit.
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 periodRevision to Earnings ForecastPayout 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 winding machine business reported lower revenue and profit because customers, mainly in the automotive sector, delayed development plans for new xEV models, which in turn pushed back capital investment. Meanwhile, the blower business performed well, with strong sales of axial-flow fans and big fans, while price reviews also contributed to higher profit.

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