Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027 | Moriya Transportation Engineering and Manufacturing Co.,Ltd. (6226) timely disclosure

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Mixed performance

Direction inferred from the company’s description.

Scale

7.1

Year-on-year change in net sales (%)

Wording

Conditional

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Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202716 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥11,541 million+7.1%

Operating profit¥2,837 million+10.5%

Ordinary income¥2,874 million+10.3%

Net income¥2,041 million+15.2%

Operating profit margin24.6 %

Results for the three months of the current quarter

Net Sales

¥5,861 million+3.4%

Operating profit

¥1,332 million+1.2%

Ordinary income

¥1,346 million+1.4%

Net income

¥956 million+5.8%

Operating profit margin

22.7 %

Year-on-year change (points)-0.5

Full-year earnings forecast

Net Sales

¥25,400 million

Manufacturing and sales

¥13,220 million

Maintenance and repair

¥12,180 million

Operating profit

¥6,250 million

Ordinary income

¥6,310 million

Net income

¥4,420 million

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

¥630 million below the sales plan, with operating profit also ¥160 million below assumptions

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Revenue growth effect¥1.5 100 million
Improvement in cost ratio¥3.3 100 million
Foreign exchange impact¥-0.5 100 million
Reversal of provision for construction losses¥-0.1 100 million
Increase in SG&A expenses¥-1.6 100 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Elevators under maintenance at period-end8,117 units
Foreign exchange assumption¥160 /US$
New elevator starts405 units
New elevators sold393 units

New initiatives

Plan to construct a second test tower, scheduled for completion by the end of the fiscal year ending March 2029
Development of next-generation elevator functions using generative AI and digital technologies
Development of products and technologies compatible with automated guided vehicles (AGVs) and other systems
Growth investments in new market expansion, research and development, and human capital

Key KPIsA metric the company considers important as a management benchmark.

New elevator starts202 units
Year on year against the same period last year+2.0%
New elevators sold205 units
Year on year against the same period last year+38.5%
Elevators under maintenance7,943 units
Year on year against the same period last year+4.5%
Elevator orders (excluding marine-use elevators)¥6,089 million
Year on year against the same period last year-4.4%
Order backlog¥25,998 million
Maintenance contract cancellation rate2.3 %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Average selling price of new elevators¥25,979 thousand
New elevator starts202 units
Year on year against the same period last year+2.0%
New elevators sold205 units
Year on year against the same period last year+38.5%

Segment results

Manufacturing and sales

Net Sales

¥6,242 million

Year on year against the same period last year+8.8%

Maintenance and repair

Net Sales

¥5,299 million

Year on year against the same period last year+5.2%

Medium-term management plan targets

Target fiscal yearFiscal year ending March 2029

Net Sales

¥300 100 million

Operating profit

¥75 100 million

Elevator starts

620 units

Financial targets

Equity ratio

Actual results76.5 %

Market Size / Share

Market share of freight elevators5.4 %
Company share of new freight elevators35.7 %
Company-estimated share of the domestic freight elevator maintenance market16.2 %

Orders received and order backlog

Orders received

First-half orders for new elevators, excluding marine-use elevators¥6,089 million

Order backlog

¥25,998 million

Number of stores and locations

53 service locations nationwide. The number of openings and closures during the period was Not disclosed

Capital expenditures

¥30 100 million

Annual Dividend

Annual

¥38

Interim

¥19

End of period

¥19

Payout ratio

30.3 %

Medium-term guidelineApproximately 30% over the medium term

Acquisition of treasury shares

To be conducted flexibly as necessary. The amount, number of shares, and period of the acquisition program were Not disclosed

Contents of this document
Item	Details
Document type	Earnings presentation
Fiscal Period Covered	Second quarter of the fiscal year ending March 2027
Net Sales	¥11,541 million (YoY +7.1%)
Operating profit	¥2,837 million (YoY +10.5%)
Ordinary income	¥2,874 million (YoY +10.3%)
Net income	¥2,041 million (YoY +15.2%)
Operating profit margin	24.6 %
Results for the three months of the current quarter	Net Sales ¥5,861 million (YoY +3.4%) / Operating profit ¥1,332 million (YoY +1.2%) / Ordinary income ¥1,346 million (YoY +1.4%) / Net income ¥956 million (YoY +5.8%) / Operating profit margin 22.7 %
Full-year earnings forecast	Net Sales ¥25,400 million / Manufacturing and sales ¥13,220 million / Maintenance and repair ¥12,180 million / Operating profit ¥6,250 million / Ordinary income ¥6,310 million / Net income ¥4,420 million
Self-assessment against the plan	¥630 million below the sales plan, with operating profit also ¥160 million below assumptions
Segment results	Manufacturing and sales Net Sales ¥6,242 million / Year on year against the same period last year 8.8 / Maintenance and repair Net Sales ¥5,299 million / Year on year against the same period last year 5.2
Breakdown of Factors Affecting the Change	Factors Revenue growth effect / Amount ¥1.5 100 million, Factors Improvement in cost ratio / Amount ¥3.3 100 million, Factors Foreign exchange impact / Amount ¥-0.5 100 million, Factors Reversal of provision for construction losses / Amount ¥-0.1 100 million, Factors Increase in SG&A expenses / Amount ¥-1.6 100 million
Key KPIs	Indicator name New elevator starts / Value 202 units / Year on year against the same period last year 2 units, Indicator name New elevators sold / Value 205 units / Year on year against the same period last year 38.5 units, Indicator name Elevators under maintenance / Value 7,943 units / Year on year against the same period last year 4.5 units, Indicator name Elevator orders (excluding marine-use elevators) / Value ¥6,089 million / Year on year against the same period last year ¥-4.4 million, Indicator name Order backlog / Value ¥25,998 million / Year on year against the same period last year Not disclosed, Indicator name Maintenance contract cancellation rate / Value 2.3 % / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	Indicator name Average selling price of new elevators / Value ¥25,979 thousand / Year on year against the same period last year Not disclosed, Indicator name New elevator starts / Value 202 units / Year on year against the same period last year 2 units, Indicator name New elevators sold / Value 205 units / Year on year against the same period last year 38.5 units
Number of stores and locations	53 service locations nationwide. The number of openings and closures during the period was Not disclosed
Assumptions Underlying the Business Outlook	Item Elevators under maintenance at period-end / Value 8,117 units, Item Foreign exchange assumption / Value ¥160 /US$, Item New elevator starts / Value 405 units, Item New elevators sold / Value 393 units
Medium-term management plan targets	Target fiscal year Fiscal year ending March 2029 / Net Sales ¥300 100 million / Operating profit ¥75 100 million / Elevator starts 620 units
Financial targets	Equity ratio Actual results 76.5 % / ROE Not disclosed / ROIC Not disclosed / Debt-to-equity ratio Not disclosed
Annual Dividend	Annual ¥38 / Interim ¥19 / End of period ¥19
Payout ratio	30.3 %
Acquisition of treasury shares	To be conducted flexibly as necessary. The amount, number of shares, and period of the acquisition program were Not disclosed
Capital expenditures	¥30 100 million
Orders received and order backlog	Orders received ¥6,089 million / Order backlog ¥25,998 million
Market Size / Share	Item Market share of freight elevators / Value 5.4 %, Item Company share of new freight elevators / Value 35.7 %, Item Company-estimated share of the domestic freight elevator maintenance market / Value 16.2 %
New initiatives	Plan to construct a second test tower, scheduled for completion by the end of the fiscal year ending March 2029, Development of next-generation elevator functions using generative AI and digital technologies, Development of products and technologies compatible with automated guided vehicles (AGVs) and other systems, Growth investments in new market expansion, research and development, and human capital

Items this document does not state (6)

Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastNumber of employeesRisk amount incorporated into the outlookKey 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.

The increases in revenue and profit were attributable to higher numbers of new elevators commencing construction and sold, higher unit prices, and growth in the number of elevators under maintenance. Results fell short of the initial assumptions due to timing shifts in maintenance and repair projects. The full-year outlook reflects timing shifts in repair projects, with maintenance and repair revenue lowered and manufacturing and sales revenue raised to reflect expected increases in unit prices for new elevators.

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