Results for this period
Full year1 April 2025 to 31 March 2026Non-consolidated (standalone)Japanese 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 the Agricultural Machinery Business, orders and sales declined due to weak investment sentiment in the livestock and dairy markets, rising production costs, the expansion of acreage planted to table rice, and the reversal of rush demand in the Korean market. In terms of profit, profitability improved due to the recovery in orders, increased production volume, in-house production following the establishment of a new welding plant, operational improvements and cost reductions, and increased aftermarket parts sales, but these factors were insufficient to offset the decline in sales in the first half.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥6,548 million (YoY -6.6%) |
| Operating profit | ¥326 million (YoY -5.3%) |
| Ordinary income | ¥376 million (YoY -5.9%) |
| Profit attributable to owners of the parent | ¥205 million (YoY -63.7%) |
| Net income per share | ¥18.21 |
| Operating Margin | 5.0% |
| Equity ratio | End of the current fiscal period 84.2% / End of previous period 80.7% |
| Total assets | ¥9,854 million |
| Net assets | ¥8,376 million |
| Cash flows from operating activities | ¥695 million |
| Cash flows from investing activities | ¥-673 million |
| Cash flows from financing activities | ¥-128 million |
| Cash and cash equivalents at end of period | ¥1,666 million |
| Full-year earnings forecast | Net Sales ¥7,000 million (YoY +6.9%) / Operating profit ¥346 million (YoY +6.0%) / Ordinary income ¥378 million (YoY +0.5%) / Net income ¥248 million (YoY +20.6%) |
| Annual Dividend Forecast | ¥10 per share → ¥10 per share（0.0%） |
| Payout ratio | 54.9% |
| Segment revenue | Agricultural Machinery Business ¥6,132.82 thousand (YoY -6.5%), Bearing Business ¥415.86 thousand (YoY -7.2%) |
| Segment profit | Agricultural Machinery Business ¥307.48 thousand (YoY -5.3%), Bearing Business ¥-13.13 thousand (YoY +34.4%) |
| Regional sales | ¥6,339.94 thousand, ¥6.87 thousand, ¥201.87 thousand |
| Depreciation and amortization | ¥273.70 million |
| Impairment loss | None (fixed assets) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥4.38 million, Gain on sale of investment securities ¥21.18 million / Extraordinary loss Loss on disposal of fixed assets ¥1.08 million, Loss on sale of fixed assets ¥0.87 million, Valuation loss on investments in affiliates ¥57.70 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors) |
| Issued Shares at Period-End | 14,000,000 |
| Treasury Shares at Period-End | 2,706,293 |
| Factors Behind Changes in Business Performance | In the Agricultural Machinery Business, orders and sales declined due to weak investment sentiment in the livestock and dairy markets, rising production costs, the expansion of acreage planted to table rice, and the reversal of rush demand in the Korean market. In terms of profit, profitability improved due to the recovery in orders, increased production volume, in-house production following the establishment of a new welding plant, operational improvements and cost reductions, and increased aftermarket parts sales, but these factors were insufficient to offset the decline in sales in the first half. |
Items this document does not state (4)
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, orders declined due to weak investment sentiment in the livestock and dairy markets, rising production costs and the expansion of acreage planted to table rice. Overseas, sales declined due to the reversal of the Korean market's rush demand. In terms of profit, profitability improved as a result of the recovery in orders, increased production volume, in-house production, operational improvements and cost reductions, and increased parts sales, but these factors were insufficient to offset the decline in sales in the first half. Net income declined due to the reversal of the gain on the sale of investment securities recorded in the previous fiscal year.