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Presentation materials for financial results6226Moriya Transportation Engineering and Manufacturing Co.,Ltd.Machinery

Financial Results and Medium-Term Management Plan Presentation Materials for the Fiscal Year Ending March 2026

In the fiscal year ended March 2026, revenue and profit increased substantially, driven by higher maintenance and repair revenue, an increase in new elevator construction starts and higher unit prices, and improved cost ratios in manufacturing and sales, with operating profit reaching a record high. Revenue and profit are expected to increase in the fiscal year ending March 2027, although the operating margin is planned to decline due to higher material and labor costs. The company will launch MRP2, targeting the fiscal year ending March 2029.

Worth reading
80Important
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
6071
¥ million (operating profit for the fiscal year ending March 2026)
Wording
Conditional
How definitive the wording is.

Contents of this document

Medium-Term Management Plan PresentationFiscal year ending March 2026, full year16 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥23,589 million+21.4%
Operating profit¥6,071 million+48.3%
Ordinary income¥6,127 million+46.0%
Net income¥4,138 million+45.7%
Selling, general and administrative expensesIncrease of 250
Operating profit margin25.7%, up 4.7 percentage points year on year
Results for the three months of the current quarter
Net Sales
¥6,667 million+20.8%
Operating profit
¥1,928 million+38.2%
Ordinary income
¥1,942 million+37.2%
Net income
¥1,292 million+34.2%
Operating profit margin
28.9 %
yoy_change+3.7pt
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥25,400 million
Operating profit
¥6,250 million
Ordinary income
¥6,310 million
Net income
¥4,420 million
Operating profit margin
24.6 %
New elevator sales volume
393 Units
New elevator construction starts
405 Units
Elevators under maintenance
8,117 Units
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
For the fiscal year ended March 2026, revenue was in line with the previous plan, while operating profit and all lower-level profit figures substantially exceeded the previous plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit, fiscal year ended March 2026
Impact of higher revenue
¥1,150 million
Improvement in cost ratio
¥1,170 million
Foreign Exchange Effects
¥20 million
Decrease in reversal of provision for construction losses
¥-110 million
Increase in SG&A expenses
¥-250 million
Operating profit outlook for the fiscal year ending March 2027
Impact of higher revenue
¥1,080 million
Improvement in cost ratio
¥450 million
Higher unit prices for variable costs
¥-190 million
Labor and depreciation expenses
¥-420 million
Foreign Exchange Effects
¥-80 million
Reversal of provision for construction losses
¥-20 million
Selling, general and administrative expenses, etc.
¥-360 million
Other
¥-280 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate¥160/USD
New elevator sales volume393 elevators, down 26 year on year
New elevator construction starts405 elevators, down 55 year on year
Elevators under maintenance at period-end8,117 elevators
New initiatives
  • Launch of MRP2 (fiscal years ending March 2028 through March 2029)
  • Investment of approximately ¥6 billion in total in production capabilities, research and development, and digital technologies
  • Plan to construct a second test tower
  • Expansion into adjacent areas, including compact passenger-and-freight elevators
  • Development of next-generation elevator functions using generative AI and digital technologies
  • Development of technologies for integration with transport robots such as AGVs
  • Investment of ¥2 billion in securing and developing human resources
Key KPIsA metric the company considers important as a management benchmark.
  • New elevator sales volume419 Units
    Year on year against the same period last year+6.9%
  • New elevator construction starts460 Units
    Year on year against the same period last year+19.2%
  • Elevators under maintenance7,727 Units
    Year on year against the same period last year+3.8%
  • Elevator orders received, excluding marine-use elevators¥12,712 million
    Year on year against the same period last year-5.4%
  • Elevator order backlog, excluding marine-use elevators¥18,363 million
  • Maintenance contract cancellation rate1.4 %
    Year on year against the same period last year-0.3%
  • Percentage of new elevator projects valued at ¥25 million or more38 %
    Year on year against the same period last year+17pt
Unit price and quantity metricsThese figures show sales broken down by price and volume.
New elevator construction starts
460 Units+19.2%
Simple average unit price of new elevators
¥23,183 thousand
New elevator sales volume
419 Units+6.9%
Segment results
Manufacturing and sales
Net Sales
¥12,802 million
Year on year against the same period last year+22.6%
Maintenance and Repairs
Net Sales
¥10,786 million
Year on year against the same period last year+19.9%
Medium-term management plan targets
Plan nameMoriya Re-acceleration Plan 2
Target fiscal yearFiscal year ending March 2029
Net Sales
¥30,000 million
Operating profit
¥7,500 million
EV construction starts
620 Units
Market Size / Share
New elevator installations
21,728 elevators FY2024
Freight elevator ratio
5.7 %
New freight elevator installations
1,236 elevators FY2024
Orders received and order backlog
Orders received
¥12,712 million
Order backlog
¥18,363 million
Number of stores and locations
53 service locations nationwide. During the MRP1 period, 2 company-operated maintenance locations were newly established in Hokusetsu and Tokai.
Number of employees
Number of hires
April 20233 People
April 20242 People
April 202510 People
April 202612 People
Capital expenditures
¥30 100 million total estimate for the MRP2 period
Annual Dividend
Fiscal year ending March 2026
¥59
Interim20
End of period39
Fiscal year ending March 2027
¥38
Interim19
End of period19
Payout ratio
Fiscal year ending March 202625.1
Forecast for the fiscal year ending March 202730.3
Medium-term guideline30
Acquisition of treasury shares
To be conducted flexibly as needed. The amount, number of shares and period of the acquisition framework are Not disclosed
Contents of this document
ItemDetails
Document typeMedium-Term Management Plan Presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥23,589 million (YoY +21.4%)
Operating profit¥6,071 million (YoY +48.3%)
Ordinary income¥6,127 million (YoY +46.0%)
Net income¥4,138 million (YoY +45.7%)
Operating profit margin25.7%, up 4.7 percentage points year on year
Selling, general and administrative expensesIncrease of 250
Results for the three months of the current quarterNet Sales ¥6,667 million (YoY +20.8%) / Operating profit ¥1,928 million (YoY +38.2%) / Ordinary income ¥1,942 million (YoY +37.2%) / Net income ¥1,292 million (YoY +34.2%) / Operating profit margin 28.9 %
Full-year earnings forecastSubject Fiscal year ending March 2027 / Net Sales ¥25,400 million / Operating profit ¥6,250 million / Ordinary income ¥6,310 million / Net income ¥4,420 million / Operating profit margin 24.6 % / New elevator sales volume 393 Units / New elevator construction starts 405 Units / Elevators under maintenance 8,117 Units
Self-assessment against the planFor the fiscal year ended March 2026, revenue was in line with the previous plan, while operating profit and all lower-level profit figures substantially exceeded the previous plan
Segment resultsManufacturing and sales Net Sales ¥12,802 million / yoy_pct 22.6 / Maintenance and Repairs Net Sales ¥10,786 million / yoy_pct 19.9
Breakdown of Factors Affecting the ChangeOperating profit, fiscal year ended March 2026 Impact of higher revenue ¥1,150 million / Improvement in cost ratio ¥1,170 million / Foreign Exchange Effects ¥20 million / Decrease in reversal of provision for construction losses ¥-110 million / Increase in SG&A expenses ¥-250 million / Operating profit outlook for the fiscal year ending March 2027 Impact of higher revenue ¥1,080 million / Improvement in cost ratio ¥450 million / Higher unit prices for variable costs ¥-190 million / Labor and depreciation expenses ¥-420 million / Foreign Exchange Effects ¥-80 million / Reversal of provision for construction losses ¥-20 million / Selling, general and administrative expenses, etc. ¥-360 million / Other ¥-280 million
Key KPIsIndicator name New elevator sales volume / Value 419 Units / Year on year against the same period last year 6.9 Units, Indicator name New elevator construction starts / Value 460 Units / Year on year against the same period last year 19.2 Units, Indicator name Elevators under maintenance / Value 7,727 Units / Year on year against the same period last year 3.8 Units, Indicator name Elevator orders received, excluding marine-use elevators / Value ¥12,712 million / Year on year against the same period last year ¥-5.4 million, Indicator name Elevator order backlog, excluding marine-use elevators / Value ¥18,363 million / Year on year against the same period last year Not disclosed, Indicator name Maintenance contract cancellation rate / Value 1.4 % / Year on year against the same period last year -0.3 %, Indicator name Percentage of new elevator projects valued at ¥25 million or more / Value 38 % / Year on year against the same period last year +17pt
Unit price and quantity metricsNew elevator construction starts 460 Units (YoY +19.2%) / Simple average unit price of new elevators ¥23,183 thousand / New elevator sales volume 419 Units (YoY +6.9%)
Number of stores and locations53 service locations nationwide. During the MRP1 period, 2 company-operated maintenance locations were newly established in Hokusetsu and Tokai.
Number of employeesNumber of Employees Not disclosed / Number of hires April 2023 3 People / April 2024 2 People / April 2025 10 People / April 2026 12 People
Assumptions Underlying the Business OutlookExchange rate ¥160/USD / New elevator sales volume 393 elevators, down 26 year on year / New elevator construction starts 405 elevators, down 55 year on year / Elevators under maintenance at period-end 8,117 elevators
Medium-term management plan targetsPlan name Moriya Re-acceleration Plan 2 / Target fiscal year Fiscal year ending March 2029 / Net Sales ¥30,000 million / Operating profit ¥7,500 million / EV construction starts 620 Units
Annual DividendFiscal year ending March 2026 ¥59 / Fiscal year ending March 2027 ¥38
Payout ratioFiscal year ending March 2026 25.1 / Forecast for the fiscal year ending March 2027 30.3 / Medium-term guideline 30
Acquisition of treasury sharesTo be conducted flexibly as needed. The amount, number of shares and period of the acquisition framework are Not disclosed
Capital expenditures¥30 100 million (total estimate for the MRP2 period)
Orders received and order backlogOrders received ¥12,712 million / Order backlog ¥18,363 million
Market Size / ShareNew elevator installations 21,728 elevators (FY2024) / Freight elevator ratio 5.7 % / New freight elevator installations 1,236 elevators (FY2024)
New initiativesLaunch of MRP2 (fiscal years ending March 2028 through March 2029), Investment of approximately ¥6 billion in total in production capabilities, research and development, and digital technologies, Plan to construct a second test tower, Expansion into adjacent areas, including compact passenger-and-freight elevators, Development of next-generation elevator functions using generative AI and digital technologies, Development of technologies for integration with transport robots such as AGVs, Investment of ¥2 billion in securing and developing human resources
Items this document does not state (5)
Gross Profit MarginProgress against full-year forecastRisk amount incorporated into the outlookFinancial targetsKey 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.

For the fiscal year ended March 2026, the increase in profit was supported by higher maintenance and repair revenue, an increase in new elevator construction starts and higher unit prices, stricter order profitability management, improved productivity, and improved cost ratios in manufacturing and sales. For the fiscal year ending March 2027, the company expects increases in repair, marine-use and replacement projects, while conservatively factoring in higher costs for materials, labor and outsourcing, timing shifts in new elevator projects, and surging material prices.

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Financial Results and Medium-Term Management Plan Presentation Materials for the Fiscal Year Ending March 2026 | Moriya Transportation Engineering and Manufacturing Co.,Ltd. (6226) timely disclosure | Komori