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Financial results presentation6224JRC Co.,Ltd.Machinery

Financial Results Presentation for the First Quarter of the Fiscal Year Ending February 2027

In the first quarter of FY2027/2, revenue increased 4.2% year on year, while operating profit declined 37.0%. The main factor was the reversal of a temporary profit-boosting factor in the Environmental and Energy business in the same period of the previous year. However, consolidated revenue and operating profit both fell short of plan.

Worth reading
82Important
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
258
¥ million (year-on-year decrease in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending February 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,538 million+4.2%
Operating profit¥439 million-37.0%
Ordinary income¥427 million-36.3%
Net income¥293 million-43.2%
Gross Profit Margin33.3 %
Operating profit margin12.4 %
Results for the three months of the current quarterRevenue ¥3,538 million, operating profit ¥439 million, ordinary profit ¥427 million, net income ¥293 million (first-quarter standalone results)
Full-year earnings forecast
Net Sales
¥15,099 million
Gross profit
¥5,305 million
Operating profit
¥1,965 million
Ordinary income
¥1,914 million
Net income
¥1,251 million
EBITDA
¥2,463 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 Sales23.4% (1Q achievement rate 97.5%, first-half 49.3%)
Operating profit22.4% (1Q achievement rate 89.3%, first-half 50.2%)
Ordinary income22.3% (1Q achievement rate 88.7%, first-half 49.9%)
Net income23.4% (1Q achievement rate 88.9%, first-half 50.3%)
Conveyor revenue22.8%
Environmental Energy order intake24.1%
Environmental and Energy company profit19.8%
Robot SI order intake14.7%
Robot SI company profit35.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Conveyor: revenue fell short of plan, while profit met plan. Environmental and Energy: profit fell short of plan. Robot SI: both revenue and operating profit fell short of plan. Consolidated revenue and operating profit also fell short of plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Previous-year first-quarter Environmental and Energy outperformance against plan¥334 million
    DirectionFactors reducing profit
  • Change in Conveyor operating profit¥-11 million
  • Underlying operating profit excluding the Environmental and Energy outperformance against plan¥100 million
    DirectionFactors behind the increase
  • Change in Robot SI operating profit¥8 million
    DirectionFactors behind the increase
  • Adjustment costs¥-19 million
New initiatives
  • Completion of procedures for and capital contribution to the Vietnamese subsidiary
  • Employee training ahead of the full-scale operation of the Vietnam plant
  • Opening of a representative office in Indonesia
  • Horizontal expansion of solution proposals in the Conveyor business across Japan and into ASEAN
  • Integration of locations, customer bases and sales networks through the merger of 3 companies in the Environmental and Energy business
  • Proposals for combined production lines and horizontal rollout of successful case studies in the Robot SI business
Key KPIsA metric the company considers important as a management benchmark.
  • ROE
  • Conveyor solutions revenue¥439 million
  • Conveyor solutions revenue ratio23.2 %
    Year on year against the same period last year-1.5%
  • Environmental Energy order intake¥1,299 million
  • Robot SI order intake¥293 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The traditional Conveyor business model is described as an accumulation of volume × unit price, while the solutions model shows increases in unit price and gross margin. Actual volume and unit price for the quarter were not disclosed.
Segment results
Conveyors
Net Sales
¥1,939 million+3.1%
Operating profit
¥451 million-2.5%
Environmental Energy
Net Sales
¥1,188 million+0.9%
Operating profit
¥187 million-55.6%
Robot SI
Net Sales
¥430 million+17.3%
Operating profit
¥51 million+18.4%
Financial targets
ROE
Actual results27.2 %
Plan20.1 %
Plan unit%
Equity ratio
Actual results45.2 %
Net Debt／EBITDA
Actual results0.85 times
Orders received and order backlog
Orders received
Environmental Energy1,299
Robot SI293
Number of employees
The engineering company formed following the merger in the Environmental and Energy business has approximately 150 employees. Training was provided to employees in Vietnam. Total company-wide headcount, changes during the period and the hiring plan were not disclosed.
Annual Dividend
Annual¥34 per share
Interim¥15 per share
End of period¥19 per share
Year-end dividend breakdownIncludes a ¥4 commemorative dividend marking the company's 65th anniversary
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending February 2027
Net Sales¥3,538 million (YoY +4.2%)
Operating profit¥439 million (YoY -37.0%)
Ordinary income¥427 million (YoY -36.3%)
Net income¥293 million (YoY -43.2%)
Gross Profit Margin33.3 %
Operating profit margin12.4 %
Results for the three months of the current quarterRevenue ¥3,538 million, operating profit ¥439 million, ordinary profit ¥427 million, net income ¥293 million (first-quarter standalone results)
Full-year earnings forecastNet Sales ¥15,099 million / Gross profit ¥5,305 million / Operating profit ¥1,965 million / Ordinary income ¥1,914 million / Net income ¥1,251 million / EBITDA ¥2,463 million
Progress against full-year forecastNet Sales 23.4% (1Q achievement rate 97.5%, first-half 49.3%) / Operating profit 22.4% (1Q achievement rate 89.3%, first-half 50.2%) / Ordinary income 22.3% (1Q achievement rate 88.7%, first-half 49.9%) / Net income 23.4% (1Q achievement rate 88.9%, first-half 50.3%) / Conveyor revenue 22.8% / Environmental Energy order intake 24.1% / Environmental and Energy company profit 19.8% / Robot SI order intake 14.7% / Robot SI company profit 35.2%
Self-assessment against the planConveyor: revenue fell short of plan, while profit met plan. Environmental and Energy: profit fell short of plan. Robot SI: both revenue and operating profit fell short of plan. Consolidated revenue and operating profit also fell short of plan.
Segment resultsConveyors Net Sales ¥1,939 million (YoY +3.1%) / Operating profit ¥451 million (YoY -2.5%) / Environmental Energy Net Sales ¥1,188 million (YoY +0.9%) / Operating profit ¥187 million (YoY -55.6%) / Robot SI Net Sales ¥430 million (YoY +17.3%) / Operating profit ¥51 million (YoY +18.4%)
Breakdown of Factors Affecting the ChangeFactors Previous-year first-quarter Environmental and Energy outperformance against plan / Amount ¥334 million / Direction Factors reducing profit, Factors Change in Conveyor operating profit / Amount ¥-11 million, Factors Underlying operating profit excluding the Environmental and Energy outperformance against plan / Amount ¥100 million / Direction Factors behind the increase, Factors Change in Robot SI operating profit / Amount ¥8 million / Direction Factors behind the increase, Factors Adjustment costs / Amount ¥-19 million
Key KPIsIndicator name ROE / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name Conveyor solutions revenue / Value ¥439 million / Year on year against the same period last year Not disclosed, Indicator name Conveyor solutions revenue ratio / Value 23.2 % / Year on year against the same period last year -1.5 %, Indicator name Environmental Energy order intake / Value ¥1,299 million / Year on year against the same period last year Not disclosed, Indicator name Robot SI order intake / Value ¥293 million / Year on year against the same period last year Not disclosed
Unit price and quantity metricsThe traditional Conveyor business model is described as an accumulation of volume × unit price, while the solutions model shows increases in unit price and gross margin. Actual volume and unit price for the quarter were not disclosed.
Number of employeesThe engineering company formed following the merger in the Environmental and Energy business has approximately 150 employees. Training was provided to employees in Vietnam. Total company-wide headcount, changes during the period and the hiring plan were not disclosed.
Financial targetsROE Actual results 27.2 % / Plan 20.1 % / Plan unit % / Equity ratio Actual results 45.2 % / Net Debt／EBITDA Actual results 0.85 times
Annual DividendAnnual ¥34 per share / Interim ¥15 per share / End of period ¥19 per share / Year-end dividend breakdown Includes a ¥4 commemorative dividend marking the company's 65th anniversary
Orders received and order backlogOrders received Environmental Energy 1,299 / Robot SI 293 / Order backlog Not disclosed
New initiativesCompletion of procedures for and capital contribution to the Vietnamese subsidiary, Employee training ahead of the full-scale operation of the Vietnam plant, Opening of a representative office in Indonesia, Horizontal expansion of solution proposals in the Conveyor business across Japan and into ASEAN, Integration of locations, customer bases and sales networks through the merger of 3 companies in the Environmental and Energy business, Proposals for combined production lines and horizontal rollout of successful case studies in the Robot SI business
Items this document does not state (10)
Selling, general and administrative expensesNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital expendituresMarket 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.

Revenue increased on steady performance in the Conveyor business and growth in the Robot SI business. However, results were affected by the reversal of the previous year's profit boost from an unexpected, high-margin maintenance project in the Environmental and Energy business, recovery costs for certain projects in that business, higher recruitment and personnel costs and increased overseas activity and travel expenses in the Conveyor business, and the timing shift in recording projects in the Robot SI business.

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Financial Results Presentation for the First Quarter of the Fiscal Year Ending February 2027 | JRC Co.,Ltd. (6224) timely disclosure | Komori