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Presentation materials for financial results6294OKADA AIYON CORPORATIONMachinery

Financial Results for the Fiscal Year Ending March 2026 and New Medium-Term Management Plan "Onxy" FY2026-FY2028

For the fiscal year ended March 2026, revenue, ordinary income and net income increased, while operating income declined due to impairment losses on the overseas business and the impact of tariffs. The company also formulated the new mid-term management plan “Onyx” for fiscal 2026–2028, outlining targets and initiatives for revenue growth, improved profitability, inventory optimization and the strengthening of the overseas business.

Worth reading
59In 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
408
¥ million (year-on-year change in net sales)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026, full year15 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,991 million+1.5%
Operating profit¥2,261 million-0.8%
Ordinary income¥2,343 million+4.7%
Net income¥1,491 million+1.1%
Selling, general and administrative expenses¥5,731 million
Full-year earnings forecast
Net Sales
¥28,500 million
Operating profit
¥2,500 million
Ordinary income
¥2,500 million
Net income for the current fiscal year
¥1,700 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Capital expenditures and depreciation completed as planned
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Crushers-45
Hydraulic breakers133
Grapples-305
Environmental attachments-55
Other attachments250
Forestry machinery-96
Large environmental machinery69
Cable cranes-3
Other machinery46
Auxiliary materials-12
Repairs83
North America19
Outside North America326
Operating profit
Domestic gross profit123
Domestic SG&A expenses-63
Overseas gross profit20
Overseas selling, general and administrative expenses-88
Adjustments-9
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rates used
FY3/27¥150 per dollar and ¥170 per euro
New initiatives
  • Formulation of the new mid-term management plan Onyx
  • Strategic partnership with Advantage Partners
  • Launch of AI and UX models of hydraulic breakers for North America
  • Introduction of a new core business system (migration scheduled for September 2027)
  • Commercialization of the O-ATTA operating-status management system
  • Consideration of M&A transactions totaling ¥2–3 billion
  • Introduction of a new personnel system (full-scale implementation scheduled for fiscal 2027)
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic share of core products (large crushers)53 %
  • Domestic share of core products (small crushers)44 %
  • Domestic share of core products (steel cutters)57 %
  • Domestic share of core products (hydraulic breakers)13 %
  • Overseas Revenue Mix23.4 %
Segment results
Domestic segment
Net Sales
¥20,664 million+0.3%
Overseas segment
Net Sales
¥6,326 million+5.8%
Medium-term management plan targets
Onyx
Period CoveredFY2026-FY2028
FY3/27
Net Sales285
Operating profit25
Operating profit margin8.8%
ROE9.1%
FY3/28
Net Sales310
Operating profit29
Operating profit margin9.3%
ROE9.9%
FY ending March 2029
Net Sales340
Operating profit34
Operating profit margin10.0%
ROE10.8%
New VISION30
Target fiscal yearFiscal year ending March 2031
Net Sales¥40 billion
Operating profit¥4–5 billion
Operating profit margin10〜12%
Overseas revenue ratioAt least 30%
Maintenance solutions sales ratio20% or higher
Financial targets
ROE
FY3/279.1%
FY3/289.9%
FY ending March 202910.8%
ROIC
FY3/274.84%
FY3/285.67%
FY ending March 20296.64%
WACC
FY3/274.57%
FY3/285.01%
FY ending March 20295.45%
Market Size / Share
Domestic share of core productsLarge crushers 53%, small crushers 44%, steel cutters 57%, hydraulic breakers 13%
Domestic market growth rateCAGR+3.7%
U.S. market growth rateCAGR+4.0%
Orders received and order backlog
Orders received, units shipped and outstanding orders are shown only as index figures. Monetary amounts are not disclosed
Number of stores and locations
Number of locations at period end19 domestic locations and 6 overseas locations (April 2026)
Number of employees
Number of Employees497 People consolidated, as of the end of March 2026
Changes during the period and hiring planPlanned human capital investment of 30 people over 5 years (20 for global growth, 15 for LTV maximization, and 5 for QCD enhancement)
Capital expenditures
3,855 Millions of yen FY3/26 actual
Annual Dividend
FY3/26¥75
FY3/27 forecast¥76
Payout ratio
TargetAt least 30%
FY3/2640.5%
FY3/27 forecast36.0%
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥26,991 million (YoY +1.5%)
Operating profit¥2,261 million (YoY -0.8%)
Ordinary income¥2,343 million (YoY +4.7%)
Net income¥1,491 million (YoY +1.1%)
Selling, general and administrative expenses¥5,731 million
Full-year earnings forecastNet Sales ¥28,500 million / Operating profit ¥2,500 million / Ordinary income ¥2,500 million / Net income for the current fiscal year ¥1,700 million
Self-assessment against the planCapital expenditures and depreciation completed as planned
Segment resultsDomestic segment Net Sales ¥20,664 million (YoY +0.3%) / Profit Not disclosed / Overseas segment Net Sales ¥6,326 million (YoY +5.8%) / Profit Not disclosed
Breakdown of Factors Affecting the ChangeNet Sales Crushers -45 / Hydraulic breakers 133 / Grapples -305 / Environmental attachments -55 / Other attachments 250 / Forestry machinery -96 / Large environmental machinery 69 / Cable cranes -3 / Other machinery 46 / Auxiliary materials -12 / Repairs 83 / North America 19 / Outside North America 326 / Operating profit Domestic gross profit 123 / Domestic SG&A expenses -63 / Overseas gross profit 20 / Overseas selling, general and administrative expenses -88 / Adjustments -9
Key KPIsIndicator name Domestic share of core products (large crushers) / Value 53 % / Year on year against the same period last year Not disclosed, Indicator name Domestic share of core products (small crushers) / Value 44 % / Year on year against the same period last year Not disclosed, Indicator name Domestic share of core products (steel cutters) / Value 57 % / Year on year against the same period last year Not disclosed, Indicator name Domestic share of core products (hydraulic breakers) / Value 13 % / Year on year against the same period last year Not disclosed, Indicator name Overseas Revenue Mix / Value 23.4 % / Year on year against the same period last year Not disclosed
Number of stores and locationsNumber of locations at period end 19 domestic locations and 6 overseas locations (April 2026) / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 497 People (consolidated, as of the end of March 2026) / Changes during the period and hiring plan Planned human capital investment of 30 people over 5 years (20 for global growth, 15 for LTV maximization, and 5 for QCD enhancement)
Assumptions Underlying the Business OutlookAverage exchange rates used FY3/27 ¥150 per dollar and ¥170 per euro
Medium-term management plan targetsOnyx Period Covered FY2026-FY2028 / FY3/27 Net Sales 285 / Operating profit 25 / Operating profit margin 8.8% / ROE 9.1% / FY3/28 Net Sales 310 / Operating profit 29 / Operating profit margin 9.3% / ROE 9.9% / FY ending March 2029 Net Sales 340 / Operating profit 34 / Operating profit margin 10.0% / ROE 10.8% / New VISION30 Target fiscal year Fiscal year ending March 2031 / Net Sales ¥40 billion / Operating profit ¥4–5 billion / Operating profit margin 10〜12% / Overseas revenue ratio At least 30% / Maintenance solutions sales ratio 20% or higher
Financial targetsROE FY3/27 9.1% / FY3/28 9.9% / FY ending March 2029 10.8% / ROIC FY3/27 4.84% / FY3/28 5.67% / FY ending March 2029 6.64% / WACC FY3/27 4.57% / FY3/28 5.01% / FY ending March 2029 5.45%
Annual DividendFY3/26 ¥75 / FY3/27 forecast ¥76 / Interim and Year-End Breakdown Not disclosed
Payout ratioTarget At least 30% / FY3/26 40.5% / FY3/27 forecast 36.0%
Capital expenditures3,855 Millions of yen (FY3/26 actual)
Orders received and order backlogOrders received, units shipped and outstanding orders are shown only as index figures. Monetary amounts are not disclosed
Market Size / ShareDomestic share of core products Large crushers 53%, small crushers 44%, steel cutters 57%, hydraulic breakers 13% / Domestic market growth rate CAGR+3.7% / U.S. market growth rate CAGR+4.0%
New initiativesFormulation of the new mid-term management plan Onyx, Strategic partnership with Advantage Partners, Launch of AI and UX models of hydraulic breakers for North America, Introduction of a new core business system (migration scheduled for September 2027), Commercialization of the O-ATTA operating-status management system, Consideration of M&A transactions totaling ¥2–3 billion, Introduction of a new personnel system (full-scale implementation scheduled for fiscal 2027)
Items this document does not state (8)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesKey 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 Japan, profitability improved following a review of selling prices. Overseas, particularly in North America, however, the company was unable to absorb impairment losses on rental equipment and higher costs resulting from the impact of tariffs, leading to a decline in operating income. Revenue was supported by sales of crushers in Europe, expanded sales in Asia, and growth in domestic sales of hydraulic breakers and steel cutters.

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Financial Results for the Fiscal Year Ending March 2026 and New Medium-Term Management Plan "Onxy" FY2026-FY2028 | OKADA AIYON CORPORATION (6294) timely disclosure | Komori