Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In Japan, the company captured strong demand for agricultural machinery products and implements, while maintenance revenue continued to grow. Overseas, sales expanded mainly in Europe. Operating profit increased due to higher sales, the effects of price revisions, and the effects of Project Z, while the increase in ordinary profit widened as foreign exchange gains and losses improved. Profit attributable to owners of the parent decreased due to lower gains on sales of non-current assets and higher income taxes and other taxes.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | 51,471 million yen (YoY +11.5%) |
| Operating profit | 2,603 million yen (YoY +88.5%) |
| Ordinary income | 2,552 million yen (YoY +160.4%) |
| Profit attributable to owners of the parent | 1,486 million yen (YoY -1.9%) |
| Net income per share | ¥65.70 |
| Equity ratio | End of the current fiscal period 33.8 / End of previous period 35.2 |
| Total assets | 221,885 million yen |
| Net assets | 79,912 million yen |
| Cash flows from operating activities | -8,933 million yen |
| Cash flows from investing activities | -2,667 million yen |
| Cash flows from financing activities | 7,764 million yen |
| Cash and cash equivalents at end of period | 9,288 million yen |
| Full-year earnings forecast | Net Sales 180,000 million yen (YoY -3.1%) / Operating profit 6,000 million yen (YoY +42.0%) / Ordinary income 4,900 million yen (YoY +18.9%) / Net income 3,000 million yen (YoY +8.8%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | 40 yen → 45 yen |
| Regional sales | 28,612 million yen (YoY +8.1%), 22,859 million yen (YoY +15.9%) |
| Depreciation and amortization | 1,310 million yen |
| Impairment loss | 128 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 55 million yen / Extraordinary loss Loss on disposal and sale of non-current assets 50 million yen, Impairment Losses 128 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New — companies / Excluded — companies |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 22,984,993 |
| Treasury Shares at Period-End | 356,898 |
| Factors Behind Changes in Business Performance | In Japan, the company captured strong demand for agricultural machinery products and implements, while maintenance revenue continued to grow. Overseas, sales expanded mainly in Europe. Operating profit increased due to higher sales, the effects of price revisions, and the effects of Project Z, while the increase in ordinary profit widened as foreign exchange gains and losses improved. Profit attributable to owners of the parent decreased due to lower gains on sales of non-current assets and higher income taxes and other taxes. |
Items this document does not state (7)
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.Net sales increased as the company captured strong domestic demand for agricultural machinery products and implements, while maintenance revenue also grew, and expanded overseas sales, mainly in Europe. Operating profit increased due to higher sales, the effects of price revisions, and the effects of Project Z. The increase in ordinary profit widened as foreign exchange gains and losses improved. Profit attributable to owners of the parent decreased due to lower gains on sales of non-current assets and higher income taxes and other taxes.