Worth reading
87Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
2046
¥ million (year-on-year change in net sales)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending September 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥20,349 million+11.2%
Operating profit¥729 million+2,954.2%
Ordinary income¥761 million+2,954.2%
Net income¥427 million
Operating profit margin3.5 %
Selling, general and administrative expenses
Change in amount¥-265 million
Results for the three months of the current quarter
Net Sales
¥11,639 million
Operating profit
¥704 million
Full-year earnings forecast
Net Sales
¥42,000 million
Operating profit
¥1,500 million
Ordinary income
¥1,500 million
Net income for the current fiscal year
¥900 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales48.4 %
Operating profit48.6 %
Ordinary income50.7 %
Net income for the current fiscal year47.4 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Higher marginal profit from increased sales¥865 million
- Benefits of higher production volumes, etc.¥262 million
- Foreign Exchange Effects¥-108 million
- Increase in selling, general and administrative expenses (sales commissions, personnel expenses, etc.)¥-265 million
- Other¥-17 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- U.S. dollar exchange rate¥145
- Euro exchange rate¥160
New initiatives
- Began construction of a production facility for large-scale crop protection equipment in India
- Plans to establish a new company and factory in Vietnam for parts manufacturing and pump assembly
- Establishment of a new Engineering Headquarters
- Establishment of a new R&D center at the Chiba Plant
- Launch of 2 battery-powered brush cutter models
- Increasing production of industrial pumps in the United States
- Building a sales network in northern Thailand
- Developing new dealers in Colombia
Key KPIsA metric the company considers important as a management benchmark.
- Overseas revenue¥5,186 million+27.5%
- Overseas revenue ratio25.5 %
- Japan sales¥15,162 million+6.5%
- Estimated production volume at the Thailand facility350,000 Units
Segment results
Agricultural and forestry machinery
Net Sales¥15,195 million
Operating profit¥851 million
Revenue_yoy_pct¥7.3 million
Operating profit_yoy_pct¥293.9 million
Industrial Machinery
Net Sales¥3,708 million
Operating profit¥807 million
Revenue_yoy_pct¥37.1 million
Operating profit_yoy_pct¥90.4 million
Other Machinery
Net Sales¥1,351 million
Operating profit¥125 million
Revenue_yoy_pct¥0.9 million
Operating profit_yoy_pct¥2.1 million
Real Estate Leasing and Other
Net Sales¥160 million
Operating profit¥79 million
Revenue_yoy_pct¥-23.7 million
Operating profit_yoy_pct¥-38.8 million
Medium-term management plan targets
As the fourth year of the Eighth Medium-Term Management Plan, 6 priority initiatives are being pursued, including the creation of growth businesses. Specific target figures: Not disclosedNumber of employees
MARUYAMA MFG (THAILAND) CO., LTD.150 people
Annual Dividend
75 Yen/share
Payout ratio
25 % to 30% guideline
Total payout ratio96.1% (including commemorative dividend), 93.4% (excluding commemorative dividend)
Acquisition of treasury shares
Total acquisition price¥390 million
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending September 2026 |
| Net Sales | ¥20,349 million (YoY +11.2%) |
| Operating profit | ¥729 million (YoY +2,954.2%) |
| Ordinary income | ¥761 million (YoY +2,954.2%) |
| Net income | ¥427 million |
| Operating profit margin | 3.5 % |
| Selling, general and administrative expenses | value Not disclosed / SG&A-to-sales ratio Not disclosed / Change in amount ¥-265 million |
| Results for the three months of the current quarter | Net Sales ¥11,639 million / Operating profit ¥704 million |
| Full-year earnings forecast | Net Sales ¥42,000 million / Operating profit ¥1,500 million / Ordinary income ¥1,500 million / Net income for the current fiscal year ¥900 million |
| Progress against full-year forecast | Net Sales 48.4 % / Operating profit 48.6 % / Ordinary income 50.7 % / Net income for the current fiscal year 47.4 % |
| Segment results | Agricultural and forestry machinery Net Sales ¥15,195 million / Operating profit ¥851 million / Revenue_yoy_pct ¥7.3 million / Operating profit_yoy_pct ¥293.9 million / Industrial Machinery Net Sales ¥3,708 million / Operating profit ¥807 million / Revenue_yoy_pct ¥37.1 million / Operating profit_yoy_pct ¥90.4 million / Other Machinery Net Sales ¥1,351 million / Operating profit ¥125 million / Revenue_yoy_pct ¥0.9 million / Operating profit_yoy_pct ¥2.1 million / Real Estate Leasing and Other Net Sales ¥160 million / Operating profit ¥79 million / Revenue_yoy_pct ¥-23.7 million / Operating profit_yoy_pct ¥-38.8 million |
| Breakdown of Factors Affecting the Change | Factors Higher marginal profit from increased sales / Amount ¥865 million, Factors Benefits of higher production volumes, etc. / Amount ¥262 million, Factors Foreign Exchange Effects / Amount ¥-108 million, Factors Increase in selling, general and administrative expenses (sales commissions, personnel expenses, etc.) / Amount ¥-265 million, Factors Other / Amount ¥-17 million |
| Key KPIs | Overseas revenue ¥5,186 million (YoY +27.5%), Overseas revenue ratio 25.5 %, Japan sales ¥15,162 million (YoY +6.5%), Estimated production volume at the Thailand facility 350,000 Units |
| Number of employees | 150 people |
| Assumptions Underlying the Business Outlook | U.S. dollar exchange rate ¥145, Euro exchange rate ¥160 |
| Medium-term management plan targets | As the fourth year of the Eighth Medium-Term Management Plan, 6 priority initiatives are being pursued, including the creation of growth businesses. Specific target figures: Not disclosed |
| Annual Dividend | 75 Yen/share |
| Payout ratio | 25 % to 30% (guideline) |
| Acquisition of treasury shares | Total acquisition price ¥390 million / Period Not disclosed |
| New initiatives | Began construction of a production facility for large-scale crop protection equipment in India, Plans to establish a new company and factory in Vietnam for parts manufacturing and pump assembly, Establishment of a new Engineering Headquarters, Establishment of a new R&D center at the Chiba Plant, Launch of 2 battery-powered brush cutter models, Increasing production of industrial pumps in the United States, Building a sales network in northern Thailand, Developing new dealers in Colombia |
Items this document does not state (10)
Gross Profit MarginSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogMarket Size / ShareKey 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, demand for agricultural machinery overall increased against a backdrop of soaring wholesale rice prices, while the new brush cutter launched in Thailand performed well overseas. On the earnings side, higher marginal profit from increased sales and the benefits of higher production volumes were positive factors, while the impact of foreign exchange rates and higher selling, general and administrative expenses, including sales commissions and personnel expenses, were negative factors.
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.