Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-1299
¥ million (year-on-year change in FY25 operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFull-year FY2026 (FY25 actual results) and full-year FY2027 (FY26 forecast)9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥163,434 million+5.6%
Operating profit¥11,041 million-10.5%
Ordinary income¥9,881 million-11.3%
Net income¥5,086 million -28.9%net income attributable to owners of the parent
Operating profit margin6.8 %
Results for the three months of the current quarter
Net Sales
¥41,679 million+8.0%
Operating profit
¥2,368 million-4.3%
Ordinary income
¥2,003 million-9.8%
Net income
¥-18 million profit attributable to owners of the parent
Full-year earnings forecast
Net Sales
¥168,500 million
Operating profit
¥11,700 million
Ordinary income
¥11,200 million
Net income
¥7,400 million net income attributable to owners of the parent
EBITDA
¥18,100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue exceeded the plan for Q4, while operating profit was in line with the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Overseas Q4 Operating Profit
FY24 operating profit¥1,183 million
Factors affecting the change in revenue¥236 million
Gross profit factors and other items¥-33 million
Selling, general and administrative expense factor¥-808 million
Foreign Exchange Effects¥88 million
FY25 operating profit¥666 million
Japan Q4 Operating Profit
FY24 operating profit¥1,123 million
Factors affecting the change in revenue¥436 million
Gross profit factors and other items¥315 million
Selling, general and administrative expense factor¥-85 million
Foreign Exchange Effects¥-107 million
FY25 operating profit¥1,682 million
FY26 overseas operating profit
FY25 operating profit¥5,704 million
Americas Base¥250 million
Europe Base¥470 million
Asia and Oceania Base¥-130 million
Primary¥-70 million
FY26 operating profit¥6,200 million
FY26 Japan operating profit
FY25 operating profit¥5,421 million
Factors affecting the change in revenue¥660 million
Gross profit factors and other items¥1,620 million
Selling, general and administrative expense factor¥-2,200 million
FY26 operating profit¥5,500 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
FY26 assumed exchange rate
USD¥150
EUR¥175
Foreign exchange sensitivity
Net Sales¥556 million FY26 full-year basis, for a ¥1 depreciation against the US dollar
Operating profit¥24 million FY26 full-year basis, for a ¥1 depreciation against the US dollar
New initiatives
- Changed the development policy for the maintenance services system and selected the optimal system package and development vendor
- Changed the organizational structure
- Launched a new printer based on the flagship model
- Expanded production capacity and introduced a manufacturing execution system
- Strengthened the structure, including key-account development and PSI management
Segment results
Consolidated
Net Sales
¥163,434 million+5.6%
Operating profit
¥11,041 million-10.5%
Overseas expansion
Net Sales
¥78,396 million+3.7%
Operating profit
¥5,704 million-32.7%
Overseas base business
Net Sales
¥53,833 million+2.3%
Operating profit
¥3,822 million-11.5%
Overseas Primary business
Net Sales
¥24,562 million+7.0%
Operating profit
¥1,970 million-53.1%
Japan
Net Sales
¥85,038 million+7.3%
Operating profit
¥5,415 million+38.6%
Overseas Eliminations
Operating profit
¥-88 million
Eliminations
Operating profit
¥-78 million
Medium-term management plan targets
Target fiscal yearFY28
Net Sales
¥186,000 million
Operating profit
¥15,700 million
Operating profit margin
8.4 %
ROIC
9.4 %
ROE
10.2 %
PBR
1 times or more
Financial targets
Medium-Term Management Plan FY28
ROIC9.4%
ROE10.2%
PBRAt least 1.0x
FY2025 actual results
ROE6.3%
DOE3.1%
Annual Dividend
FY25
Annual¥76 per share
Interim¥38 per share
End of period¥38 per share
FY26
Annual¥80 per share forecast
Payout ratio
FY2549 %
FY2635 %
DOE
FY253.1 %
FY263 %
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Full-year FY2026 (FY25 actual results) and full-year FY2027 (FY26 forecast) |
| Net Sales | ¥163,434 million (YoY +5.6%) |
| Operating profit | ¥11,041 million (YoY -10.5%) |
| Ordinary income | ¥9,881 million (YoY -11.3%) |
| Net income | ¥5,086 million (net income attributable to owners of the parent) (YoY -28.9%) |
| Operating profit margin | 6.8 % |
| Results for the three months of the current quarter | Net Sales ¥41,679 million (YoY +8.0%) / Operating profit ¥2,368 million (YoY -4.3%) / Ordinary income ¥2,003 million (YoY -9.8%) / Net income ¥-18 million (profit attributable to owners of the parent) |
| Full-year earnings forecast | Net Sales ¥168,500 million / Operating profit ¥11,700 million / Ordinary income ¥11,200 million / Net income ¥7,400 million (net income attributable to owners of the parent) / EBITDA ¥18,100 million |
| Self-assessment against the plan | Revenue exceeded the plan for Q4, while operating profit was in line with the plan |
| Segment results | Consolidated Net Sales ¥163,434 million (YoY +5.6%) / Operating profit ¥11,041 million (YoY -10.5%) / Overseas expansion Net Sales ¥78,396 million (YoY +3.7%) / Operating profit ¥5,704 million (YoY -32.7%) / Overseas base business Net Sales ¥53,833 million (YoY +2.3%) / Operating profit ¥3,822 million (YoY -11.5%) / Overseas Primary business Net Sales ¥24,562 million (YoY +7.0%) / Operating profit ¥1,970 million (YoY -53.1%) / Japan Net Sales ¥85,038 million (YoY +7.3%) / Operating profit ¥5,415 million (YoY +38.6%) / Overseas Eliminations Operating profit ¥-88 million / Eliminations Operating profit ¥-78 million |
| Breakdown of Factors Affecting the Change | Overseas Q4 Operating Profit FY24 operating profit ¥1,183 million / Factors affecting the change in revenue ¥236 million / Gross profit factors and other items ¥-33 million / Selling, general and administrative expense factor ¥-808 million / Foreign Exchange Effects ¥88 million / FY25 operating profit ¥666 million / Japan Q4 Operating Profit FY24 operating profit ¥1,123 million / Factors affecting the change in revenue ¥436 million / Gross profit factors and other items ¥315 million / Selling, general and administrative expense factor ¥-85 million / Foreign Exchange Effects ¥-107 million / FY25 operating profit ¥1,682 million / FY26 overseas operating profit FY25 operating profit ¥5,704 million / Americas Base ¥250 million / Europe Base ¥470 million / Asia and Oceania Base ¥-130 million / Primary ¥-70 million / FY26 operating profit ¥6,200 million / FY26 Japan operating profit FY25 operating profit ¥5,421 million / Factors affecting the change in revenue ¥660 million / Gross profit factors and other items ¥1,620 million / Selling, general and administrative expense factor ¥-2,200 million / FY26 operating profit ¥5,500 million |
| Assumptions Underlying the Business Outlook | FY26 assumed exchange rate USD ¥150 / EUR ¥175 / Foreign exchange sensitivity Net Sales ¥556 million (FY26 full-year basis, for a ¥1 depreciation against the US dollar) / Operating profit ¥24 million (FY26 full-year basis, for a ¥1 depreciation against the US dollar) |
| Medium-term management plan targets | Target fiscal year FY28 / Net Sales ¥186,000 million / Operating profit ¥15,700 million / Operating profit margin 8.4 % / ROIC 9.4 % / ROE 10.2 % / PBR 1 times or more |
| Financial targets | Medium-Term Management Plan FY28 ROIC 9.4% / ROE 10.2% / PBR At least 1.0x / FY2025 actual results ROE 6.3% / DOE 3.1% |
| Annual Dividend | FY25 Annual ¥76 per share / Interim ¥38 per share / End of period ¥38 per share / FY26 Annual ¥80 per share (forecast) |
| Payout ratio | FY25 49 % / FY26 35 % / DOE FY25 3.1 % / FY26 3 % |
| New initiatives | Changed the development policy for the maintenance services system and selected the optimal system package and development vendor, Changed the organizational structure, Launched a new printer based on the flagship model, Expanded production capacity and introduced a manufacturing execution system, Strengthened the structure, including key-account development and PSI management |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders 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.In FY25, the decline in profit was attributable to allowance for doubtful accounts in Asia and Oceania, higher costs including SG&A expenses and personnel costs, mainly in Europe, and the normalization of the competitive environment in the Primary business, including Russia. In Japan, profit increased due to higher printer sales following the launch of new models and solid demand across markets. In FY26, the company expects profit growth from the effects of initiatives under its medium-term management plan, key-account development, and expanded sales of new models, although the earnings forecast does not incorporate the impact of the situation in the Middle East.
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.
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