Komori
Earnings presentation6240YAMASHIN-FILTER CORP.Machinery

Briefing Materials on Financial Results for the First Quarter of the Fiscal Year Ending March 2027

In Q1 FY2027, consolidated revenue rose 6.1% year on year to a record high, driven mainly by construction machinery filters. Operating profit, however, fell 26.2% year on year due to replacement-parts sales being pushed into the following quarter and upfront investment in new businesses.

Worth reading
74In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
309
¥ million (year-on-year increase in consolidated net sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,405 million+6.1%
Operating profit¥486 million-26.2%
Ordinary income¥480 million-25.8%
Net income¥337 million-19.2%
Operating profit margin9 %
Results for the three months of the current quarter
Consolidated revenue
¥5,405 million
Operating profit
¥486 million
Ordinary income
¥480 million
Quarterly net income
¥337 million
Segment
Construction machinery filters
Net Sales4,850
Operating profit602
Air filters
Net Sales555
Operating profit-24
Functional materials
Net Sales0
Operating profit-91
Full-year earnings forecast
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
Operating profit margin
12.5 %
Ordinary income margin
12.3 %
Net profit margin
8.9 %
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。
PAC26
Total
25.2 %
Manufacturing Costs
Target¥201 million
Actual results¥50 million
Selling, general and administrative expenses
Target¥2 million
Actual results¥1 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The strategy to gain market share for new products is progressing as planned
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Line products¥253 million
Replacement parts¥-150 million
Industrial filters¥-25 million
Process filters¥-13 million
Appropriate pricing adjustments¥21 million
Air filters¥15 million
Functional materials¥0 million
Foreign Exchange Effects¥207 million
Operating profit
Construction machinery_Increased revenue¥110 million
Construction machinery_Appropriate pricing adjustments¥21 million
Construction machinery_Sales mix¥-148 million
Construction machinery_PAC26 initiatives¥43 million
Construction machinery_Higher raw material costs, etc.¥-73 million
Construction machinery_Increased personnel expenses¥-58 million
Construction machinery_Increased SG&A expenses¥-39 million
Construction machinery_Foreign exchange effects¥31 million
Functional materials_Launch of new business¥-91 million
Air filters_Increased sales¥55 million
Other¥-24 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • USD exchange rate (period average)¥155
  • EUR exchange rate (period average)¥180
  • Demand for line products
    AssumptionsExpected to remain firm
  • Demand for replacement parts
    AssumptionsExpected to recover from Q2
New initiatives
  • Launch of the Functional Materials business segment
  • Start of product supplies to the apparel sector
  • Development of biometric wearable devices through a strategic alliance with Mitsufuji
  • Commercialization of next-generation electromagnetic-wave-shielding filters with Mitsufuji
  • Launch of joint research, the “SHIN PROJECT,” with Shinshu University
Key KPIsA metric the company considers important as a management benchmark.
  • Confirmed order backlog¥4,911 million
  • FTSE score3.7 Score
  • CDP Climate Change scoreA
  • Participants in aftermarket awareness activities440 People
  • Participants targeted by seminars in Thailand1,500 People
Segment results
  • Construction machinery filters
    Net Sales¥4,850 million
    Revenue_yoy_pct6.5
    Operating profit¥602 million
    Operating profit_yoy_pct-18.5
  • Air filters
    Net Sales¥555 million
    Revenue_yoy_pct2.8
    Operating profit¥-24 million
    Year-on-year difference55
  • Functional materials
    Net Sales¥0 million
    Operating profit¥-91 million
Medium-term management plan targets
Plan nameYAMASHIN FILTER VISION 2030
TargetCommercialization within 3 years at the earliest
Financial targets
Equity ratio
Actual results74.6 %
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
  • RisksImpact of the situation in the Middle East on production and sales operations
    Estimated impactImmaterial
  • RisksImpact of tariffs under Section 301 of the Trade Act
    Estimated impactImmaterial
Market Size / Share
SharePresented by customer and product in the following categories: 80% or more, 50% or more but less than 80%, and less than 50%
Orders received and order backlog
Confirmed order backlog
¥4,911 million
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥5,405 million (YoY +6.1%)
Operating profit¥486 million (YoY -26.2%)
Ordinary income¥480 million (YoY -25.8%)
Net income¥337 million (YoY -19.2%)
Operating profit margin9 %
Results for the three months of the current quarterConsolidated revenue ¥5,405 million / Operating profit ¥486 million / Ordinary income ¥480 million / Quarterly net income ¥337 million / Segment Construction machinery filters Net Sales 4,850 / Operating profit 602 / Air filters Net Sales 555 / Operating profit -24 / Functional materials Net Sales 0 / Operating profit -91
Full-year earnings forecastNet Sales ¥22,560 million / Operating profit ¥2,825 million / Ordinary income ¥2,775 million / Net income for the current fiscal year ¥2,005 million / Operating profit margin 12.5 % / Ordinary income margin 12.3 % / Net profit margin 8.9 %
Progress against full-year forecastConsolidated Performance Not disclosed / PAC26 Total 25.2 % / Manufacturing Costs Target ¥201 million / Actual results ¥50 million / Selling, general and administrative expenses Target ¥2 million / Actual results ¥1 million
Self-assessment against the planThe strategy to gain market share for new products is progressing as planned
Segment resultsSegment Construction machinery filters / Net Sales ¥4,850 million / Revenue_yoy_pct 6.5 / Operating profit ¥602 million / Operating profit_yoy_pct -18.5, Segment Air filters / Net Sales ¥555 million / Revenue_yoy_pct 2.8 / Operating profit ¥-24 million / Year-on-year difference 55, Segment Functional materials / Net Sales ¥0 million / Operating profit ¥-91 million
Breakdown of Factors Affecting the ChangeNet Sales Line products ¥253 million / Replacement parts ¥-150 million / Industrial filters ¥-25 million / Process filters ¥-13 million / Appropriate pricing adjustments ¥21 million / Air filters ¥15 million / Functional materials ¥0 million / Foreign Exchange Effects ¥207 million / Operating profit Construction machinery_Increased revenue ¥110 million / Construction machinery_Appropriate pricing adjustments ¥21 million / Construction machinery_Sales mix ¥-148 million / Construction machinery_PAC26 initiatives ¥43 million / Construction machinery_Higher raw material costs, etc. ¥-73 million / Construction machinery_Increased personnel expenses ¥-58 million / Construction machinery_Increased SG&A expenses ¥-39 million / Construction machinery_Foreign exchange effects ¥31 million / Functional materials_Launch of new business ¥-91 million / Air filters_Increased sales ¥55 million / Other ¥-24 million
Key KPIsIndicator name Confirmed order backlog / Value ¥4,911 million / Year on year against the same period last year Not disclosed, Indicator name FTSE score / Value 3.7 Score / Year on year against the same period last year Not disclosed, Indicator name CDP Climate Change score / Value A / Year on year against the same period last year Not disclosed, Indicator name Participants in aftermarket awareness activities / Value 440 People / Year on year against the same period last year Not disclosed, Indicator name Participants targeted by seminars in Thailand / Value 1,500 People / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookItem USD exchange rate (period average) / Value ¥155, Item EUR exchange rate (period average) / Value ¥180, Item Demand for line products / Assumptions Expected to remain firm, Item Demand for replacement parts / Assumptions Expected to recover from Q2
Risk amount incorporated into the outlookRisks Impact of the situation in the Middle East on production and sales operations / Estimated impact Immaterial, Risks Impact of tariffs under Section 301 of the Trade Act / Estimated impact Immaterial
Medium-term management plan targetsPlan name YAMASHIN FILTER VISION 2030 / Target Commercialization within 3 years at the earliest / Target fiscal year Not disclosed / Comparison with actual results Not disclosed
Financial targetsEquity ratio Actual results 74.6 % / ROIC Not disclosed
Orders received and order backlogConfirmed order backlog ¥4,911 million
Market Size / ShareShare Presented by customer and product in the following categories: 80% or more, 50% or more but less than 80%, and less than 50% / Aggregate production results of major construction machinery manufacturers Not disclosed
New initiativesLaunch of the Functional Materials business segment, Start of product supplies to the apparel sector, Development of biometric wearable devices through a strategic alliance with Mitsufuji, Commercialization of next-generation electromagnetic-wave-shielding filters with Mitsufuji, Launch of joint research, the “SHIN PROJECT,” with Shinshu University
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsNumber of employeesAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresKey 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 due to higher sales of line products, supported by demand from AI data centers in North America, foreign exchange effects, and appropriate pricing adjustments. Operating profit declined due to replacement-parts sales being pushed into the following quarter, higher raw material and manufacturing costs, increased personnel and SG&A expenses, and upfront investment associated with launching new businesses.

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.
Briefing Materials on Financial Results for the First Quarter of the Fiscal Year Ending March 2027 | YAMASHIN-FILTER CORP. (6240) timely disclosure | Komori