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Financial results presentation6301KOMATSU LTD.Machinery

FY2026 Second-Quarter (April-September) Results Briefing Materials

The company raised its full-year earnings forecast, raising revenue to ¥148.0 billion, operating profit to ¥30.0 billion and net income to ¥33.0 billion. Revenue and profit increased in the first half, but the operating margin declined from the same period of the previous year.

Worth reading
74In focus
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
1480
¥100 million (amount of upward revision to full-year revenue forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal 2026 Second Quarter (April-September)4 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥21,586 100 million+14.1%
Operating profit¥2,866 100 million+3.5%
Ordinary income¥2,710 100 million+4.9%
Net income¥1,919 100 million+9.2%
Operating profit margin13.3 %
Results for the three months of the current quarter
Net Sales
¥11,155 100 million+13.6%
Operating profit
¥1,351 100 million-1.2%
Net income
¥958 100 million+13.3%
Full-year earnings forecast
Net Sales
¥44,500 100 million
Segment profit
¥5,870 100 million
Operating profit
¥5,850 100 million
Net income
¥3,820 100 million
Operating Margin
13.1 %
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 and vehicles revenue: FX variance¥1,740 100 million
  • Construction machinery and vehicles revenue: Volume variance¥561 100 million
  • Construction machinery and vehicles revenue: Selling price variance¥273 100 million
  • Construction machinery and vehicles segment profit: FX variance¥409 100 million
  • Construction machinery and vehicles segment profit: Volume and mix variance, and other factors¥16 100 million
  • Construction machinery and vehicles segment profit: Selling price variance¥273 100 million
  • Construction machinery and vehicles segment profit: Cost variance¥-469 100 million
  • Construction machinery and vehicles segment profit: Fixed-cost variance¥-204 100 million
  • Of which, impact of U.S. tariffs¥-397 100 million
  • Of which: US tariff refunds¥128 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • USD/JPY exchange rate150 JPY/USD
  • Euro/yen exchange rate174 JPY/EUR
  • Australian dollar/yen exchange rate106 JPY/AUD
Key KPIsA metric the company considers important as a management benchmark.
  • Total assets¥65,272 100 million
  • Inventories¥16,947 100 million
  • Equity ratio53.2 %
    Year on year against the same period last year-1.5 percentage points from the end of the previous fiscal year
  • Free cash flow¥203 100 million
  • Net debt-to-equity ratio0.31 times
    Year on year against the same period last yearUp from 0.26x at the end of the previous fiscal year
Segment results
  • Construction Equipment & Vehicles
    Net Sales¥19,996 100 million (YoY +14.8%)
    Segment profit¥2,445 100 million (YoY +1.0%)
  • Retail Finance
    Net Sales¥654 100 million (YoY +7.3%)
    Segment profit¥174 100 million (YoY +2.9%)
  • Industrial Machinery & Others
    Net Sales¥1,145 100 million (YoY +7.1%)
    Segment profit¥211 100 million (YoY +27.0%)
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal 2026 Second Quarter (April-September)
Net Sales¥21,586 100 million (YoY +14.1%)
Operating profit¥2,866 100 million (YoY +3.5%)
Ordinary income¥2,710 100 million (YoY +4.9%)
Net income¥1,919 100 million (YoY +9.2%)
Operating profit margin13.3 %
Results for the three months of the current quarterNet Sales ¥11,155 100 million (YoY +13.6%) / Operating profit ¥1,351 100 million (YoY -1.2%) / Net income ¥958 100 million (YoY +13.3%)
Full-year earnings forecastNet Sales ¥44,500 100 million / Segment profit ¥5,870 100 million / Operating profit ¥5,850 100 million / Net income ¥3,820 100 million / Operating Margin 13.1 %
Segment resultsSegment Construction Equipment & Vehicles / Net Sales ¥19,996 100 million (YoY +14.8%) / Segment profit ¥2,445 100 million (YoY +1.0%), Segment Retail Finance / Net Sales ¥654 100 million (YoY +7.3%) / Segment profit ¥174 100 million (YoY +2.9%), Segment Industrial Machinery & Others / Net Sales ¥1,145 100 million (YoY +7.1%) / Segment profit ¥211 100 million (YoY +27.0%)
Breakdown of Factors Affecting the ChangeConstruction machinery and vehicles revenue: FX variance ¥1,740 100 million, Construction machinery and vehicles revenue: Volume variance ¥561 100 million, Construction machinery and vehicles revenue: Selling price variance ¥273 100 million, Construction machinery and vehicles segment profit: FX variance ¥409 100 million, Construction machinery and vehicles segment profit: Volume and mix variance, and other factors ¥16 100 million, Construction machinery and vehicles segment profit: Selling price variance ¥273 100 million, Construction machinery and vehicles segment profit: Cost variance ¥-469 100 million, Construction machinery and vehicles segment profit: Fixed-cost variance ¥-204 100 million, Of which, impact of U.S. tariffs ¥-397 100 million, Of which: US tariff refunds ¥128 100 million
Key KPIsIndicator name Total assets / Value ¥65,272 100 million / Year on year against the same period last year Not disclosed, Indicator name Inventories / Value ¥16,947 100 million / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 53.2 % / Year on year against the same period last year -1.5 percentage points from the end of the previous fiscal year, Indicator name Free cash flow / Value ¥203 100 million / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-equity ratio / Value 0.31 times / Year on year against the same period last year Up from 0.26x at the end of the previous fiscal year
Assumptions Underlying the Business OutlookUSD/JPY exchange rate 150 JPY/USD, Euro/yen exchange rate 174 JPY/EUR, Australian dollar/yen exchange rate 106 JPY/AUD
Items this document does not state (18)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition 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 materials show the amount of the full-year forecast revision and the foreign exchange assumptions, but the specific reasons for the upward revision are not explained in the body of the materials.

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.
FY2026 Second-Quarter (April-September) Results Briefing Materials | KOMATSU LTD. (6301) timely disclosure | Komori