Komori
Earnings presentation6301KOMATSU LTD.Machinery

Financial Results Briefing Materials for the First Quarter of FY2026 (April–June)

Revenue and profit increased in Q1, driven by the weaker yen, higher volumes and improved selling prices. For the full-year outlook, revenue, operating profit and net income were revised upward from the figures announced in April, reflecting the impact of the situation in the Middle East, US tariffs and the latest market outlook.

Worth reading
87Important
Scored from 4 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1840
¥100 million (upward revision from the April full-year revenue forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 2026, Q1 (April–June FY2026)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥10,431 100 million+14.7%
Operating profit¥1,516 100 million+8.0%
Net income¥962 100 million+5.4%
Operating profit margin14.5 %
Results for the three months of the current quarter
Net Sales
¥10,431 100 million
Operating profit
¥1,516 100 million
Profit before income taxes for the quarter
¥1,400 100 million
Quarterly net income attributable to the Company’s shareholders
¥962 100 million
Full-year earnings forecast
Net Sales
¥43,020 100 million
Segment profit
¥5,600 100 million
Operating profit
¥5,550 100 million
Profit before income taxes for the period
¥5,080 100 million
Net income attributable to the Company's shareholders
¥3,490 100 million
ROE
10.1 %
Dividend per share
190 yen
Consolidated payout ratio
48.6 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Construction Machinery & Vehicles revenue
Foreign exchange effects¥920 100 million
Volume variance¥131 100 million
Sales price differential¥170 100 million
Construction Machinery & Vehicles segment profit
Foreign exchange effects230
Sales price differential170
Volume, product mix and other variances-49
Cost variance-188
Fixed-cost variance-84
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign exchange rate from 2Q onward
USD_JPY150 yen
EUR_JPY174 yen
AUD_JPY106 yen
Foreign exchange sensitivity (¥1 change per year)
USD
Net Sales¥149 100 million
Operating profit¥45 100 million
EUR
Net Sales¥31 100 million
Operating profit¥6 100 million
AUD
Net Sales¥42 100 million
Operating profit¥3 100 million
US Section 122 additional tariff rate10 %
US Section 301 additional tariff rate
Japan, China, South Korea and other markets12.5 %
Brazil37.5 %
Steel and aluminum tariff rate15 %
Key KPIsA metric the company considers important as a management benchmark.
  • ROE10.1 %
    Year on year against the same period last year-1.2%
  • Net debt-to-equity ratio (consolidated)0.3 times
  • Retail finance assets¥16,765 100 million
  • New retail finance originations¥3,181 100 million
    Year on year against the same period last year+21.6%
  • Average monthly Komtrax operating hours
  • Book-to-bill ratio (orders received/revenue, six months)
Segment results
Construction Equipment & Vehicles
Net Sales
¥9,669 100 million+14.4%
Segment profit
¥1,301 100 million+6.4%
Retail Finance
Net Sales
¥327 100 million+7.4%
Segment profit
¥96 100 million+2.8%
Industrial Machinery & Others
Net Sales
¥529 100 million+21.7%
Segment profit
¥90 100 million+25.1%
Financial targets
ROE
Latest FY2026 outlook10.1 %
FY2026 outlook as of April9.1 %
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Revenue decrease due to the situation in the Middle East¥-463 100 million loss
Cost increase due to the situation in the Middle East¥232 100 million loss
Higher costs due to U.S. tariffs¥258 100 million loss
Annual Dividend
Annual¥190 per share
Payout ratio
Consolidated payout ratio48.6 %
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2026, Q1 (April–June FY2026)
Net Sales¥10,431 100 million (YoY +14.7%)
Operating profit¥1,516 100 million (YoY +8.0%)
Net income¥962 100 million (YoY +5.4%)
Operating profit margin14.5 %
Results for the three months of the current quarterNet Sales ¥10,431 100 million / Operating profit ¥1,516 100 million / Profit before income taxes for the quarter ¥1,400 100 million / Quarterly net income attributable to the Company’s shareholders ¥962 100 million
Full-year earnings forecastNet Sales ¥43,020 100 million / Segment profit ¥5,600 100 million / Operating profit ¥5,550 100 million / Profit before income taxes for the period ¥5,080 100 million / Net income attributable to the Company's shareholders ¥3,490 100 million / ROE 10.1 % / Dividend per share 190 yen / Consolidated payout ratio 48.6 %
Segment resultsConstruction Equipment & Vehicles Net Sales ¥9,669 100 million (YoY +14.4%) / Segment profit ¥1,301 100 million (YoY +6.4%) / Retail Finance Net Sales ¥327 100 million (YoY +7.4%) / Segment profit ¥96 100 million (YoY +2.8%) / Industrial Machinery & Others Net Sales ¥529 100 million (YoY +21.7%) / Segment profit ¥90 100 million (YoY +25.1%)
Breakdown of Factors Affecting the ChangeConstruction Machinery & Vehicles revenue Foreign exchange effects ¥920 100 million / Volume variance ¥131 100 million / Sales price differential ¥170 100 million / Construction Machinery & Vehicles segment profit Foreign exchange effects 230 / Sales price differential 170 / Volume, product mix and other variances -49 / Cost variance -188 / Fixed-cost variance -84
Key KPIsIndicator name ROE / Value 10.1 % / Year on year against the same period last year -1.2 %, Indicator name Net debt-to-equity ratio (consolidated) / Value 0.3 times / Year on year against the same period last year Not disclosed, Indicator name Retail finance assets / Value ¥16,765 100 million / Year on year against the same period last year Not disclosed, Indicator name New retail finance originations / Value ¥3,181 100 million / Year on year against the same period last year ¥21.6 100 million, Indicator name Average monthly Komtrax operating hours / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name Book-to-bill ratio (orders received/revenue, six months) / Value Not disclosed / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookForeign exchange rate from 2Q onward USD_JPY 150 yen / EUR_JPY 174 yen / AUD_JPY 106 yen / Foreign exchange sensitivity (¥1 change per year) USD Net Sales ¥149 100 million / Operating profit ¥45 100 million / EUR Net Sales ¥31 100 million / Operating profit ¥6 100 million / AUD Net Sales ¥42 100 million / Operating profit ¥3 100 million / US Section 122 additional tariff rate 10 % / US Section 301 additional tariff rate Japan, China, South Korea and other markets 12.5 % / Brazil 37.5 % / Steel and aluminum tariff rate 15 %
Risk amount incorporated into the outlookRevenue decrease due to the situation in the Middle East ¥-463 100 million (loss) / Cost increase due to the situation in the Middle East ¥232 100 million (loss) / Higher costs due to U.S. tariffs ¥258 100 million (loss)
Financial targetsROE Latest FY2026 outlook 10.1 % / FY2026 outlook as of April 9.1 %
Annual DividendAnnual ¥190 per share / Interim Not disclosed / End of period Not disclosed
Payout ratioConsolidated payout ratio 48.6 %
Items this document does not state (15)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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.

The weaker yen, higher volumes and improved selling prices were the main drivers of the increases in revenue and profit in Q1. The full-year outlook was revised after reassessing the impact of the situation in the Middle East and US tariffs and incorporating the latest market outlook.

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 Briefing Materials for the First Quarter of FY2026 (April–June) | KOMATSU LTD. (6301) timely disclosure | Komori