Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
2991
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales18,805 million yen+18.9%
Operating profit2,022 million yen+40.3%
Ordinary income2,090 million yen+19.2%
Net income1,942 million yen+66.5%
Selling, general and administrative expenses2,181 million yen
Operating profit margin10.8%, up 1.7 percentage points year on year
Results for the three months of the current quarterThe standalone Q1 results are presented, including net sales of ¥18,805 million, operating profit of ¥2,022 million, ordinary profit of ¥2,090 million and profit attributable to owners of the parent of ¥1,942 million.
Full-year earnings forecast
Orders received
82,000 million yen
Net Sales
80,000 million yen
Operating profit
8,800 million yen
Ordinary income
8,900 million yen
Profit attributable to owners of the parent
6,850 million yen
Annual Dividend
¥120 per share
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Q1 net sales in the Engineering business were broadly in line with plan, and Q1 orders in the GX business were generally in line with plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Changes in the consolidated income statement included a ¥2,991 million increase in net sales, a ¥2,199 million increase in cost of sales and a ¥210 million increase in SG&A expenses. SG&A expenses included increases of ¥77 million in R&D expenses and ¥61 million in estimated design costs.
New initiatives
- Started a demonstration test of a methanation system at the Kawasaki Works.
- Entered into a capital and business alliance with 斎藤遠心機工業株式会社, acquiring 52.5% of its issued shares.
- Developed new applications for the oil purifier SJ series and received an order for a variable-impeller product for microalgae concentration.
Key KPIsA metric the company considers important as a management benchmark.
- Orders received16,171 million yenYear on year against the same period last year+56%
- Order backlog (Engineering)38,697 million yen
- Order backlog (Standalone Machinery)10,640 million yen
- Order backlog (GX)41,504 million yen
- Domestic marine oil purifier market share90 %
- Global marine oil purifier market share50 Over %
Segment results
Engineering Business
Orders received
9,948 million yen+115.7%
Net Sales
7,895 million yen-10.2%
Segment profit
286 million yen+109.4%
Single-Machine Business
Orders received
6,008 million yen+9.7%
Net Sales
5,040 million yen-1.8%
Segment profit
1,380 million yen-3.0%
GX Business
Orders received
215 million yen-26.9%
Net Sales
1,884 million yen+211.5%
Segment profit
144 million yen
Medium-term management plan targets
Orders received
80,000 million yen
Net Sales
77,000 million yen
Operating profit
7,500 million yen
Annual Dividend
¥90 per share
Target fiscal yearFiscal year ending March 2027
Market Size / Share
Marine oil purifier market share: more than 90% in Japan and more than 50% globally. CO2 emissions from the steel industry account for 40% of total emissions from Japan's industrial sector.Orders received and order backlog
Orders received were ¥16,171 million, against a full-year orders forecast of ¥82,000 million. The order backlog was ¥38,697 million for Engineering, ¥10,640 million for Standalone Machinery and ¥41,504 million for GX, all as forecast at the end of March 2027.Annual Dividend
Annual
¥120 per share
Payout ratio
40%| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 18,805 million yen (YoY +18.9%) |
| Operating profit | 2,022 million yen (YoY +40.3%) |
| Ordinary income | 2,090 million yen (YoY +19.2%) |
| Net income | 1,942 million yen (YoY +66.5%) |
| Operating profit margin | 10.8%, up 1.7 percentage points year on year |
| Selling, general and administrative expenses | 2,181 million yen |
| Results for the three months of the current quarter | The standalone Q1 results are presented, including net sales of ¥18,805 million, operating profit of ¥2,022 million, ordinary profit of ¥2,090 million and profit attributable to owners of the parent of ¥1,942 million. |
| Full-year earnings forecast | Orders received 82,000 million yen / Net Sales 80,000 million yen / Operating profit 8,800 million yen / Ordinary income 8,900 million yen / Profit attributable to owners of the parent 6,850 million yen / Annual Dividend ¥120 per share |
| Self-assessment against the plan | Q1 net sales in the Engineering business were broadly in line with plan, and Q1 orders in the GX business were generally in line with plan. |
| Segment results | Engineering Business Orders received 9,948 million yen (YoY +115.7%) / Net Sales 7,895 million yen (YoY -10.2%) / Segment profit 286 million yen (YoY +109.4%) / Single-Machine Business Orders received 6,008 million yen (YoY +9.7%) / Net Sales 5,040 million yen (YoY -1.8%) / Segment profit 1,380 million yen (YoY -3.0%) / GX Business Orders received 215 million yen (YoY -26.9%) / Net Sales 1,884 million yen (YoY +211.5%) / Segment profit 144 million yen |
| Breakdown of Factors Affecting the Change | Changes in the consolidated income statement included a ¥2,991 million increase in net sales, a ¥2,199 million increase in cost of sales and a ¥210 million increase in SG&A expenses. SG&A expenses included increases of ¥77 million in R&D expenses and ¥61 million in estimated design costs. |
| Key KPIs | Indicator name Orders received / Value 16,171 million yen / Year on year against the same period last year +56%, Indicator name Order backlog (Engineering) / Value 38,697 million yen / Year on year against the same period last year Not disclosed, Indicator name Order backlog (Standalone Machinery) / Value 10,640 million yen / Year on year against the same period last year Not disclosed, Indicator name Order backlog (GX) / Value 41,504 million yen / Year on year against the same period last year Not disclosed, Indicator name Domestic marine oil purifier market share / Value 90 % / Year on year against the same period last year Not disclosed, Indicator name Global marine oil purifier market share / Value 50 Over % / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | Orders received 80,000 million yen / Net Sales 77,000 million yen / Operating profit 7,500 million yen / Annual Dividend ¥90 per share / Target fiscal year Fiscal year ending March 2027 |
| Annual Dividend | Annual ¥120 per share / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | 40% |
| Orders received and order backlog | Orders received were ¥16,171 million, against a full-year orders forecast of ¥82,000 million. The order backlog was ¥38,697 million for Engineering, ¥10,640 million for Standalone Machinery and ¥41,504 million for GX, all as forecast at the end of March 2027. |
| Market Size / Share | Marine oil purifier market share: more than 90% in Japan and more than 50% globally. CO2 emissions from the steel industry account for 40% of total emissions from Japan's industrial sector. |
| New initiatives | Started a demonstration test of a methanation system at the Kawasaki Works., Entered into a capital and business alliance with 斎藤遠心機工業株式会社, acquiring 52.5% of its issued shares., Developed new applications for the oil purifier SJ series and received an order for a variable-impeller product for microalgae concentration. |
Items this document does not state (11)
Gross Profit MarginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresKey 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.Higher orders for overseas chemical plants and hydrogen production equipment for AI and semiconductor applications, as well as equipment and parts for ships, progress on large-scale GX construction projects, and higher gross profit resulting from increased net sales boosted performance. SG&A expenses increased due to higher R&D expenses and estimated design costs.
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