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Earnings presentation6240YAMASHIN-FILTER CORP.Machinery

Preliminary Earnings Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue and net income reached record highs, while operating income and ordinary income declined. For the fiscal year ending March 2027, the company expects higher revenue and earnings and will disclose its new business independently as the Functional Materials segment.

Worth reading
81Important
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
232
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFY2026 full year; FY2027 full-year outlook12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥20,941 million+4.2%
Operating profit¥2,592 million-1.4%
Ordinary income¥2,535 million-5.0%
Net income¥1,718 million-0.3%
Operating profit margin12.4% for the fiscal year ended March 2026, down 0.7 percentage points year on year
Results for the three months of the current quarter
Net Sales
¥5,338 million
Operating profit
¥611 million
Ordinary income
¥592 million
Quarterly net income
¥397 million
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥22,560 million
Operating profit
¥2,825 million
Ordinary income
¥2,775 million
Net income for the current fiscal year
¥2,005 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Below plan for the fiscal year ended March 2026
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue for the fiscal year ended March 2026
Line products1,283
Replacement parts-199
Industrial filters64
Process filters-37
Air filters-328
Foreign Exchange Effects53
Operating profit, fiscal year ended March 2026
Increase in construction equipment revenue232
PAC25 initiative154
Surging material costs-102
Business Structure Reform196
Increase in personnel expenses-202
Launch of new business-178
Foreign Exchange Effects123
Decrease in air filter sales volume-196
Other-65
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD
Actual results for the fiscal year ending March 2026¥150.8
Budget for the fiscal year ending March 2027¥155.0
EUR
Actual results for the fiscal year ending March 2026¥174.8
Budget for the fiscal year ending March 2027¥180.0
New initiatives
  • Independently disclose the new business as the Functional Materials segment
  • Begin supplying products to the functional textiles sector and apparel market
  • Conduct joint research with universities and research institutions in the life sciences and industrial materials fields
  • Strategic partnerships with other companies, including small equity investments and R&D support
Key KPIsA metric the company considers important as a management benchmark.
  • MAVY's△0.7%
    Year on year against the same period last yearDeteriorated from 0.1% in the fiscal year ended March 2025
  • ROIC7.2%
    Year on year against the same period last yearDown from 8.2%
  • WACC7.9%
    Year on year against the same period last yearDown from 8.1%
  • ROE7.6%
    Year on year against the same period last yearDown from 7.8%
  • FTSE score3.8 Score
  • CDP Climate ChangeA score
    Year on year against the same period last yearAchieved for the second consecutive year
Segment results
Construction machinery filters
Net Sales
¥18,654 million+6.7%
Operating profit
¥2,713 million+6.2%
Air filters
Net Sales
¥2,286 million-12.5%
Operating profit
¥-120 million
Medium-term management plan targets
MAVY'sAt least 2% (fiscal year ending March 2028)
ROICAt least 10% (fiscal year ending March 2028)
WACC7.3% (fiscal year ending March 2028)
DOE10% (fiscal year ending March 2028)
Payout ratio80% (fiscal year ending March 2028)
FTSE scoreAt least 4.0 (fiscal year ending March 2028)
CDP Climate ChangeA score (fiscal year ending March 2028)
Financial targets
MAVY's
Actual results for the fiscal year ending March 2026△0.7%
Initial budget for the fiscal year ending March 20270.4%
Medium-term plan for the fiscal year ending March 20282.9%
ROIC
Actual results for the fiscal year ending March 20267.2%
Initial budget for the fiscal year ending March 20278.0%
Medium-term plan for the fiscal year ending March 202810.2%
WACC
Actual results for the fiscal year ending March 20267.9%
Initial budget for the fiscal year ending March 20277.6%
Medium-term plan for the fiscal year ending March 20287.3%
ROE
Actual results for the fiscal year ending March 20267.6%
Initial budget for the fiscal year ending March 20278.8%
Medium-term plan for the fiscal year ending March 202810.2%
Orders received and order backlog
Described as a record-high confirmed order backlog; amount Not disclosed
Annual Dividend
Fiscal year ending March 2025¥12.0
Fiscal year ending March 2026¥18.0
Forecast for the fiscal year ending March 2027¥20.0
Payout ratio
Payout ratio73.1% (fiscal year ended March 2026)
Total payout ratio150.1% (fiscal year ended March 2026)
DOE5.5% (fiscal year ended March 2026)
Acquisition of treasury shares
Actual results for the fiscal year ending March 2026¥177 million
Budget for the fiscal year ending March 2027¥100 million
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFY2026 full year; FY2027 full-year outlook
Net Sales¥20,941 million (YoY +4.2%)
Operating profit¥2,592 million (YoY -1.4%)
Ordinary income¥2,535 million (YoY -5.0%)
Net income¥1,718 million (YoY -0.3%)
Operating profit margin12.4% for the fiscal year ended March 2026, down 0.7 percentage points year on year
Results for the three months of the current quarterNet Sales ¥5,338 million / Operating profit ¥611 million / Ordinary income ¥592 million / Quarterly net income ¥397 million
Full-year earnings forecastSubject Fiscal year ending March 2027 / Net Sales ¥22,560 million / Operating profit ¥2,825 million / Ordinary income ¥2,775 million / Net income for the current fiscal year ¥2,005 million
Self-assessment against the planBelow plan for the fiscal year ended March 2026
Segment resultsConstruction machinery filters Net Sales ¥18,654 million (YoY +6.7%) / Operating profit ¥2,713 million (YoY +6.2%) / Air filters Net Sales ¥2,286 million (YoY -12.5%) / Operating profit ¥-120 million
Breakdown of Factors Affecting the ChangeRevenue for the fiscal year ended March 2026 Line products 1,283 / Replacement parts -199 / Industrial filters 64 / Process filters -37 / Air filters -328 / Foreign Exchange Effects 53 / Operating profit, fiscal year ended March 2026 Increase in construction equipment revenue 232 / PAC25 initiative 154 / Surging material costs -102 / Business Structure Reform 196 / Increase in personnel expenses -202 / Launch of new business -178 / Foreign Exchange Effects 123 / Decrease in air filter sales volume -196 / Other -65
Key KPIsIndicator name MAVY's / Value △0.7% / Year on year against the same period last year Deteriorated from 0.1% in the fiscal year ended March 2025, Indicator name ROIC / Value 7.2% / Year on year against the same period last year Down from 8.2%, Indicator name WACC / Value 7.9% / Year on year against the same period last year Down from 8.1%, Indicator name ROE / Value 7.6% / Year on year against the same period last year Down from 7.8%, Indicator name FTSE score / Value 3.8 Score, Indicator name CDP Climate Change / Value A score / Year on year against the same period last year Achieved for the second consecutive year
Assumptions Underlying the Business OutlookUSD Actual results for the fiscal year ending March 2026 ¥150.8 / Budget for the fiscal year ending March 2027 ¥155.0 / EUR Actual results for the fiscal year ending March 2026 ¥174.8 / Budget for the fiscal year ending March 2027 ¥180.0
Medium-term management plan targetsMAVY's At least 2% (fiscal year ending March 2028) / ROIC At least 10% (fiscal year ending March 2028) / WACC 7.3% (fiscal year ending March 2028) / DOE 10% (fiscal year ending March 2028) / Payout ratio 80% (fiscal year ending March 2028) / FTSE score At least 4.0 (fiscal year ending March 2028) / CDP Climate Change A score (fiscal year ending March 2028)
Financial targetsMAVY's Actual results for the fiscal year ending March 2026 △0.7% / Initial budget for the fiscal year ending March 2027 0.4% / Medium-term plan for the fiscal year ending March 2028 2.9% / ROIC Actual results for the fiscal year ending March 2026 7.2% / Initial budget for the fiscal year ending March 2027 8.0% / Medium-term plan for the fiscal year ending March 2028 10.2% / WACC Actual results for the fiscal year ending March 2026 7.9% / Initial budget for the fiscal year ending March 2027 7.6% / Medium-term plan for the fiscal year ending March 2028 7.3% / ROE Actual results for the fiscal year ending March 2026 7.6% / Initial budget for the fiscal year ending March 2027 8.8% / Medium-term plan for the fiscal year ending March 2028 10.2%
Annual DividendFiscal year ending March 2025 ¥12.0 / Fiscal year ending March 2026 ¥18.0 / Forecast for the fiscal year ending March 2027 ¥20.0 / Interim and Year-End Breakdown Not disclosed
Payout ratioPayout ratio 73.1% (fiscal year ended March 2026) / Total payout ratio 150.1% (fiscal year ended March 2026) / DOE 5.5% (fiscal year ended March 2026)
Acquisition of treasury sharesActual results for the fiscal year ending March 2026 ¥177 million / Budget for the fiscal year ending March 2027 ¥100 million / Number of shares and period Not disclosed
Orders received and order backlogDescribed as a record-high confirmed order backlog; amount Not disclosed
New initiativesIndependently disclose the new business as the Functional Materials segment, Begin supplying products to the functional textiles sector and apparel market, Conduct joint research with universities and research institutions in the life sciences and industrial materials fields, Strategic partnerships with other companies, including small equity investments and R&D support
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookCapital 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.

For the fiscal year ended March 2026, demand for new construction equipment remained firm in the construction equipment filter business, but operating income declined because of upfront investments and higher costs associated with launching the new business, as well as weak performance in the air filter business. For the fiscal year ending March 2027, the company expects higher sales volumes and cost reductions to absorb the upfront investments and higher costs.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Preliminary Earnings Presentation Materials for the Fiscal Year Ending March 2026 | YAMASHIN-FILTER CORP. (6240) timely disclosure | Komori