Worth reading
64In 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
43
¥100 million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥103,782 million+13.7%
Operating profit¥16,086 million+37.0%
Ordinary income¥16,510 million+53.1%
Net income¥11,578 million+54.2%
Gross Profit Margin64.5 % and year-on-year percentage-point change
Operating profit margin15.5 % and year-on-year percentage-point change
Selling, general and administrative expenses¥20,705 million
Results for the three months of the current quarter
Net Sales
¥544.3 100 million
Operating profit
¥98.8 100 million
Full-year earnings forecast
Net Sales
¥190,000 million
Operating profit
¥23,000 million
Ordinary income
¥23,000 million
Net income for the current fiscal year
¥16,500 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year revenue
OPE+¥9.2 billion
General Industrial Machinery+¥3.7 billion
Agricultural management machinery-¥300 million
Other-¥100 million
Year-on-year operating profit
Increase in revenue+¥2.4 billion
Currency factor+¥400 million
Improving Gross Margin+¥1.9 billion
Increase in selling, general and administrative expenses-¥300 million
Full-year operating profit forecast
Increase in revenue+¥3.1 billion
Currency factor+¥400 million
Improving Gross Margin+¥2.7 billion
Increase in selling, general and administrative expenses-¥2.8 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed exchange rates for Q3-Q4 of 2026
US dollars¥155
Euro¥180
Foreign exchange sensitivity
¥1 change in the U.S. dollarRevenue ±¥380 million, ordinary profit ±¥40 million
¥1 change in the euroRevenue ±¥60 million, ordinary profit ±¥70 million
New initiatives
- Acquired French distributor PPK and strengthened the European sales structure
- Strengthened marketing of the ECHO brand in North America through MLB postseason television commercials, ESPN, digital advertising, and other channels
Key KPIsA metric the company considers important as a management benchmark.
- North American Sales Network8,500 stores
- ECHO brand awareness among professionals90 %
- ECHO usage rate among professionals46 %
- ECHO group revenue mix (2025 actual)60 %
- Number of countries in Europe and Africa where products are sold34 countries
Segment results
Compact outdoor power equipment
Net Sales
¥79,477 million+13.2%
Operating profit
¥19,448 million+23.1%
General Industrial Machinery
Net Sales
¥10,590 million+54.1%
Operating profit
¥1,406 million+82.7%
Agricultural management machinery
Net Sales
¥12,547 million-3.0%
Operating profit
¥338 million+142.3%
Other
Net Sales
¥1,167 million-7.9%
Operating profit
¥325 million-7.2%
Medium-term management plan targets
Capital expenditure
Fiscal year ending December 202665
FY2027.1262
FY2028 December61
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Impact of foreign-exchange movementsA ¥1 change in the U.S. dollar affects revenue by ±¥380 million and ordinary profit by ±¥40 million; a ¥1 change in the euro affects revenue by ±¥60 million and ordinary profit by ±¥70 million
Market Size / Share
OPE product market sizeApproximately US$32 billion (2025 forecast)
Robotic lawn mower marketCAGR of 10% from 2025 to 2028
Number of stores and locations
North American Sales Network8,500
Domestic Sales Bases36
Number of employees
2,945 people consolidated, as of the end of December 2025
Capital expenditures
¥65 100 million medium-term plan for the fiscal year ending December 2026
Annual Dividend
¥110 per share
Interim55
End of period55
Payout ratio
30 % approximate
Acquisition of treasury shares
Considering comprehensive shareholder returns, including share buybacks. The buyback limit, number of shares, and period are Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥103,782 million (YoY +13.7%) |
| Operating profit | ¥16,086 million (YoY +37.0%) |
| Ordinary income | ¥16,510 million (YoY +53.1%) |
| Net income | ¥11,578 million (YoY +54.2%) |
| Gross Profit Margin | 64.5 % and year-on-year percentage-point change |
| Operating profit margin | 15.5 % and year-on-year percentage-point change |
| Selling, general and administrative expenses | ¥20,705 million |
| Results for the three months of the current quarter | Net Sales ¥544.3 100 million / Operating profit ¥98.8 100 million |
| Full-year earnings forecast | Net Sales ¥190,000 million / Operating profit ¥23,000 million / Ordinary income ¥23,000 million / Net income for the current fiscal year ¥16,500 million |
| Segment results | Compact outdoor power equipment Net Sales ¥79,477 million (YoY +13.2%) / Operating profit ¥19,448 million (YoY +23.1%) / General Industrial Machinery Net Sales ¥10,590 million (YoY +54.1%) / Operating profit ¥1,406 million (YoY +82.7%) / Agricultural management machinery Net Sales ¥12,547 million (YoY -3.0%) / Operating profit ¥338 million (YoY +142.3%) / Other Net Sales ¥1,167 million (YoY -7.9%) / Operating profit ¥325 million (YoY -7.2%) |
| Breakdown of Factors Affecting the Change | Year-on-year revenue OPE +¥9.2 billion / General Industrial Machinery +¥3.7 billion / Agricultural management machinery -¥300 million / Other -¥100 million / Year-on-year operating profit Increase in revenue +¥2.4 billion / Currency factor +¥400 million / Improving Gross Margin +¥1.9 billion / Increase in selling, general and administrative expenses -¥300 million / Full-year operating profit forecast Increase in revenue +¥3.1 billion / Currency factor +¥400 million / Improving Gross Margin +¥2.7 billion / Increase in selling, general and administrative expenses -¥2.8 billion |
| Key KPIs | North American Sales Network 8,500 stores, ECHO brand awareness among professionals 90 %, ECHO usage rate among professionals 46 %, ECHO group revenue mix (2025 actual) 60 %, Number of countries in Europe and Africa where products are sold 34 countries |
| Number of stores and locations | North American Sales Network 8,500 / Domestic Sales Bases 36 / Number of store openings and closures during the period Not disclosed |
| Number of employees | 2,945 people (consolidated, as of the end of December 2025) |
| Assumptions Underlying the Business Outlook | Assumed exchange rates for Q3-Q4 of 2026 US dollars ¥155 / Euro ¥180 / Foreign exchange sensitivity ¥1 change in the U.S. dollar Revenue ±¥380 million, ordinary profit ±¥40 million / ¥1 change in the euro Revenue ±¥60 million, ordinary profit ±¥70 million |
| Risk amount incorporated into the outlook | Impact of foreign-exchange movements A ¥1 change in the U.S. dollar affects revenue by ±¥380 million and ordinary profit by ±¥40 million; a ¥1 change in the euro affects revenue by ±¥60 million and ordinary profit by ±¥70 million |
| Medium-term management plan targets | Capital expenditure Fiscal year ending December 2026 65 / FY2027.12 62 / FY2028 December 61 |
| Annual Dividend | ¥110 per share |
| Payout ratio | 30 % (approximate) |
| Acquisition of treasury shares | Considering comprehensive shareholder returns, including share buybacks. The buyback limit, number of shares, and period are Not disclosed |
| Capital expenditures | ¥65 100 million (medium-term plan for the fiscal year ending December 2026) |
| Market Size / Share | OPE product market size Approximately US$32 billion (2025 forecast) / Robotic lawn mower market CAGR of 10% from 2025 to 2028 |
| New initiatives | Acquired French distributor PPK and strengthened the European sales structure, Strengthened marketing of the ECHO brand in North America through MLB postseason television commercials, ESPN, digital advertising, and other channels |
Items this document does not state (6)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsFinancial targetsOrders received and order backlogKey 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.OPE sales grew in the North American market, mainly through home improvement retailers, while sales of generators to major rental companies also increased. In Europe, sales of robotic lawn mowers contributed. Other factors behind the increase in operating profit included an improvement in the cost ratio resulting from U.S. tariff refunds, higher revenue, and foreign exchange effects. The full-year forecast was revised upward to reflect the weaker yen assumptions for exchange rates, strong sales of OPE and general industrial machinery in North America, and improvements in the cost ratio resulting from U.S. tariff refunds and other factors.
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