Results for this period
Third quarter1 January 2026–30 September 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).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In Japan, sales declined as production could not keep pace, mainly for combines, due to production transfers and the impact of the 2026 Kumamoto Earthquake. Overseas, sales increased, with Europe remaining firm and North America showing signs of recovery. Operating profit increased as the effects of the Project Z initiatives emerged and profit margins improved.
There are no applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 September 2026 |
| Net Sales | ¥142,206 million (YoY -1.0%) |
| Operating profit | ¥6,510 million (YoY +8.6%) |
| Ordinary income | ¥5,655 million (YoY +4.8%) |
| Profit attributable to owners of the parent | ¥4,048 million (YoY -1.8%) |
| Net income per share | ¥178.90 |
| Equity ratio | End of the current fiscal period 34.9 / End of previous period 35.2 |
| Total assets | ¥229,595 million |
| Net assets | ¥85,007 million |
| Cash flows from operating activities | ¥-10,143 million |
| Cash flows from investing activities | ¥-12,168 million |
| Cash flows from financing activities | ¥16,205 million |
| Cash and cash equivalents at end of period | ¥6,833 million |
| Full-year earnings forecast | Net Sales ¥180,000 million (YoY -3.1%) / Operating profit ¥6,000 million (YoY +42.0%) / Ordinary income ¥4,900 million (YoY +18.9%) / Net income ¥3,000 million (YoY +8.8%) |
| Revision to Earnings Forecast | No change |
| Annual Dividend Forecast | ¥40 → ¥45（+12.5%） |
| Regional sales | ¥94,312 million (YoY -3.9%), ¥47,894 million (YoY +5.0%) |
| Depreciation and amortization | ¥4,135 million |
| Impairment loss | ¥420 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of fixed assets ¥107 million / Extraordinary loss Loss on disposal and sale of property, plant and equipment ¥283 million, Impairment loss ¥420 million |
| Disclosure regarding the going concern assumption | There are no applicable matters. |
| 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Whether applicable Available / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 22,984,993 shares |
| Treasury Shares at Period-End | 352,317 shares |
| Factors Behind Changes in Business Performance | In Japan, sales declined as production could not keep pace, mainly for combines, due to production transfers and the impact of the 2026 Kumamoto Earthquake. Overseas, sales increased, with Europe remaining firm and North America showing signs of recovery. Operating profit increased as the effects of the Project Z initiatives emerged and profit margins improved. |
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.In Japan, sales declined because production transfers and the impact of the 2026 Kumamoto Earthquake prevented the company from responding to production requirements for combines and other products. Overseas, sales increased overall due to higher sales in Europe and North America, and operating profit increased as the Project Z initiatives improved profit margins. Net income attributable to owners of the parent was roughly unchanged from the same period of the previous fiscal year, as a decrease in income taxes and other adjustments offset the absence of the previous period's gain on the sale of fixed assets.