Komori
Financial Results Presentation6250YAMABIKO CORPORATIONMachinery

Financial Results Presentation for the First Quarter of the Fiscal Year Ending December 2026

In Q1 FY2026, sales of outdoor power equipment (OPE) increased in North America and Europe, resulting in higher revenue and operating profit year on year. The full-year earnings forecast remains unchanged from the beginning of the fiscal year, while the annual dividend forecast has been raised to ¥110.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
12.7
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFirst quarter of the fiscal year ending December 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥49,351 million+12.7%
Operating profit¥6,500 million+16.6%
Ordinary income¥6,622 million+33.9%
Net income¥4,495 million+46.8%
Gross Profit Marginnot disclosed (a ¥1.0 billion decline in gross margin is identified as a change factor)
Operating profit margin13.2%, up 1.2 percentage points year on year (12.7% in Q1 FY2025)
Results for the three months of the current quarterFor Q1 FY2026, revenue of ¥49,351 million, operating profit of ¥6,500 million, ordinary profit of ¥6,622 million, and net income attributable to owners of the parent of ¥4,495 million are reported.
Full-year earnings forecast
Net Sales
¥185,000 million
Operating profit
¥20,000 million
Ordinary income
¥21,000 million
Net income
¥15,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
OPE+¥5.1 billion
General Industrial Machinery+¥0.4 billion
Agricultural management machinery-¥0.0 billion
Other-¥0.0 billion
Operating profit
Increase in revenue+¥1.2 billion
Currency factor+¥0.6 billion
Decline in gross margin-¥1.0 billion (higher raw material and other costs, and changes in product mix)
Decrease in SG&A expenses+¥0.1 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign-exchange assumptions: ¥150 per U.S. dollar and ¥175 per euro. For Q2-Q4 FY2026, foreign-exchange sensitivity per ¥1 change is revenue ±¥0.57 billion and ordinary profit ±¥0.10 billion for the U.S. dollar, and revenue ±¥0.09 billion and ordinary profit ±¥0.08 billion for the euro.
New initiatives
  • Expand sales of the floodlight business in North America
  • Expand the robotic lawn mower business in Europe
  • Increase investment in human capital and IT
  • Change procurement routes and consider alternative materials
  • Scheduled to exhibit at CSPI 2026 in June 2026
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic share of OPE revenue8.7 ％
  • Americas share of OPE revenue77.1 ％
  • European share of OPE revenue12.6 ％
  • Domestic share of agricultural management machinery revenue80 ％
  • Domestic share of general industrial machinery revenue57.6 ％
Segment results
  • Compact outdoor power equipment
    Net Sales¥39,100 million
    Year-on-year change in revenue15.3
    Operating profit¥8,857 million
    Year-on-year operating profit growth9.9
  • General Industrial Machinery
    Net Sales¥4,100 million
    Year-on-year change in revenue12.6
    Operating profit¥147 million
    Year-on-year operating profit growth-48.3
  • Agricultural management machinery
    Net Sales¥5,583 million
    Year-on-year change in revenue-0.2
    Operating profit¥19 million
    Year-on-year operating profit growthNot comparable (down ¥210 million year on year)
  • Other
    Net Sales¥567 million
    Year-on-year change in revenue-11.6
    Operating profit¥115 million
    Year-on-year operating profit growth-38.4
Medium-term management plan targets
Capital expenditures of ¥4.0 billion in FY2023, ¥5.3 billion in FY2024, ¥5.0 billion in FY2025, ¥6.5 billion in FY2026, ¥6.2 billion in FY2027, and ¥6.1 billion in FY2028 are reported. The target period is FY2026-FY2028.
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
For each ¥1 change in foreign-exchange rates in Q2-Q4 FY2026, revenue is affected by ±¥0.57 billion and ordinary profit by ±¥0.10 billion for the U.S. dollar, and revenue by ±¥0.09 billion and ordinary profit by ±¥0.08 billion for the euro. The financial impact of higher raw material prices and procurement risks was not disclosed.
Number of stores and locations
やまびこジャパン has 6 sales departments and 36 domestic sales locations. The number of openings and closures during the period was not disclosed.
Number of employees
2,945 employees (consolidated, as of the end of December 2025). Changes during the period and hiring plans were not disclosed.
Capital expenditures
¥65 100 million medium-term plan
Annual Dividend
Annual dividend of ¥110 per share (¥55 interim and ¥55 year-end)
Payout ratio
Target payout ratio of approximately 30%
Acquisition of treasury shares
The company is considering a comprehensive shareholder return policy, including share buybacks. The buyback amount, number of shares and period were not disclosed.
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending December 2026
Net Sales¥49,351 million (YoY +12.7%)
Operating profit¥6,500 million (YoY +16.6%)
Ordinary income¥6,622 million (YoY +33.9%)
Net income¥4,495 million (YoY +46.8%)
Gross Profit Marginnot disclosed (a ¥1.0 billion decline in gross margin is identified as a change factor)
Operating profit margin13.2%, up 1.2 percentage points year on year (12.7% in Q1 FY2025)
Results for the three months of the current quarterFor Q1 FY2026, revenue of ¥49,351 million, operating profit of ¥6,500 million, ordinary profit of ¥6,622 million, and net income attributable to owners of the parent of ¥4,495 million are reported.
Full-year earnings forecastNet Sales ¥185,000 million / Operating profit ¥20,000 million / Ordinary income ¥21,000 million / Net income ¥15,000 million
Segment resultsSegment Compact outdoor power equipment / Net Sales ¥39,100 million / Year-on-year change in revenue 15.3 / Operating profit ¥8,857 million / Year-on-year operating profit growth 9.9, Segment General Industrial Machinery / Net Sales ¥4,100 million / Year-on-year change in revenue 12.6 / Operating profit ¥147 million / Year-on-year operating profit growth -48.3, Segment Agricultural management machinery / Net Sales ¥5,583 million / Year-on-year change in revenue -0.2 / Operating profit ¥19 million / Year-on-year operating profit growth Not comparable (down ¥210 million year on year), Segment Other / Net Sales ¥567 million / Year-on-year change in revenue -11.6 / Operating profit ¥115 million / Year-on-year operating profit growth -38.4
Breakdown of Factors Affecting the ChangeNet Sales OPE +¥5.1 billion / General Industrial Machinery +¥0.4 billion / Agricultural management machinery -¥0.0 billion / Other -¥0.0 billion / Operating profit Increase in revenue +¥1.2 billion / Currency factor +¥0.6 billion / Decline in gross margin -¥1.0 billion (higher raw material and other costs, and changes in product mix) / Decrease in SG&A expenses +¥0.1 billion
Key KPIsIndicator Domestic share of OPE revenue / Value 8.7 ％ / Year on year against the same period last year Not disclosed, Indicator Americas share of OPE revenue / Value 77.1 ％ / Year on year against the same period last year Not disclosed, Indicator European share of OPE revenue / Value 12.6 ％ / Year on year against the same period last year Not disclosed, Indicator Domestic share of agricultural management machinery revenue / Value 80 ％ / Year on year against the same period last year Not disclosed, Indicator Domestic share of general industrial machinery revenue / Value 57.6 ％ / Year on year against the same period last year Not disclosed
Number of stores and locationsやまびこジャパン has 6 sales departments and 36 domestic sales locations. The number of openings and closures during the period was not disclosed.
Number of employees2,945 employees (consolidated, as of the end of December 2025). Changes during the period and hiring plans were not disclosed.
Assumptions Underlying the Business OutlookForeign-exchange assumptions: ¥150 per U.S. dollar and ¥175 per euro. For Q2-Q4 FY2026, foreign-exchange sensitivity per ¥1 change is revenue ±¥0.57 billion and ordinary profit ±¥0.10 billion for the U.S. dollar, and revenue ±¥0.09 billion and ordinary profit ±¥0.08 billion for the euro.
Risk amount incorporated into the outlookFor each ¥1 change in foreign-exchange rates in Q2-Q4 FY2026, revenue is affected by ±¥0.57 billion and ordinary profit by ±¥0.10 billion for the U.S. dollar, and revenue by ±¥0.09 billion and ordinary profit by ±¥0.08 billion for the euro. The financial impact of higher raw material prices and procurement risks was not disclosed.
Medium-term management plan targetsCapital expenditures of ¥4.0 billion in FY2023, ¥5.3 billion in FY2024, ¥5.0 billion in FY2025, ¥6.5 billion in FY2026, ¥6.2 billion in FY2027, and ¥6.1 billion in FY2028 are reported. The target period is FY2026-FY2028.
Annual DividendAnnual dividend of ¥110 per share (¥55 interim and ¥55 year-end)
Payout ratioTarget payout ratio of approximately 30%
Acquisition of treasury sharesThe company is considering a comprehensive shareholder return policy, including share buybacks. The buyback amount, number of shares and period were not disclosed.
Capital expenditures¥65 100 million (medium-term plan)
New initiativesExpand sales of the floodlight business in North America, Expand the robotic lawn mower business in Europe, Increase investment in human capital and IT, Change procurement routes and consider alternative materials, Scheduled to exhibit at CSPI 2026 in June 2026
Items this document does not state (8)
Selling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsFinancial targetsOrders received and order backlogMarket 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.

Sales of walk-behind lawn mowers and chainsaws to home improvement stores increased in the North American market, while sales of robotic lawn mowers contributed in Europe. Operating profit increased due to higher revenue and foreign-exchange effects. Ordinary profit and net income attributable to owners of the parent also increased, as the foreign-exchange loss recorded in the previous fiscal year turned into a foreign-exchange gain in the current fiscal year.

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.
Financial Results Presentation for the First Quarter of the Fiscal Year Ending December 2026 | YAMABIKO CORPORATION (6250) timely disclosure | Komori