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Earnings presentation materials6331Mitsubishi Kakoki Kaisha,Ltd.Machinery

Materials for the Second-Quarter Financial Results Briefing for the Fiscal Year Ending March 2027

In the first half of the fiscal year ending March 2027, revenue, operating profit and net profit exceeded the year-earlier period, supported by progress on large-scale projects and strong sales of equipment and parts for ships. Following a significant increase in orders received, the full-year forecasts for orders received, revenue, operating profit, ordinary profit and net profit were revised upward, and the annual dividend was increased to ¥135.

Worth reading
75Important
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
25000
¥ million (upward revision to orders received from the July forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation materialsSecond 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 Sales¥38,021 million+5.3%
Operating profit¥3,917 million+6.4%
Ordinary income¥3,910 million+1.2%
Net income¥3,163 million +18.1%interim net income attributable to owners of the parent
Selling, general and administrative expenses¥5,041 million
Operating profit margin10.3%, up 0.1 percentage points year on year
Full-year earnings forecast
Orders received
¥106,000 million
Net Sales
¥83,500 million
Operating profit
¥9,500 million
Ordinary income
¥9,300 million
Net income
7,450 JPY million net income attributable to owners of the parent
Annual Dividend
¥135 per share
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Progress on large-scale construction projects and strong sales of equipment and parts for ships
  • Improved cost ratio in the Engineering business
  • Increase in estimated design costs¥140 million
  • Increase in R&D expenses¥43 million
  • Increase in other selling, general and administrative expenses, including costs related to the management integration¥782 million
New initiatives
  • Management integration with TSUKISHIMA HOLDINGS CO.,LTD.
  • Capital and business alliance with 斎藤遠心機工業株式会社 (acquisition of 52.5% of issued shares)
  • Orders for oil purifiers equipped with variable impellers for the separation and concentration of microalgae
  • Centralization of sales operations for certain products at 斎藤遠心機工業株式会社
  • Expansion of hydrogen production equipment into GX and blue hydrogen applications
Key KPIsA metric the company considers important as a management benchmark.
  • Orders¥52,744 million
    Year on year against the same period last year+123%
  • Order backlog (Engineering business)¥59,748 million
    Year on year against the same period last year+54.4% (versus the end of the previous fiscal year)
  • Order backlog (standalone Machinery business)¥13,790 million
    Year on year against the same period last year+29.6% (versus the end of the previous fiscal year)
  • Order backlog (GX business)¥32,026 million
    Year on year against the same period last year-22.8% (versus the end of the previous fiscal year)
  • Equity ratio57.2 %
    Year on year against the same period last yearFlat from 57.5% at the end of the previous fiscal year
  • Domestic market share (hydrogen production equipment)50-70
  • Domestic market share (oil purifiers)90 %
  • Global market share (oil purifiers)50 %
Segment results
Engineering Business
Orders received
¥38,414 million+228.7%
Net Sales
¥17,364 million-11.7%
Segment profit
¥1,077 million+19.9%
Order backlog
¥59,748 million+54.4%
Single-Machine Business
Orders received
¥13,471 million+29.8%
Net Sales
¥10,321 million+3.3%
Segment profit
¥2,749 million-0.3%
Order backlog
¥13,790 million+29.6%
GX Business
Orders received
¥857 million-45.6%
Net Sales
¥10,335 million+59.9%
Segment profit
¥91 million+269.0%
Order backlog
¥32,026 million-22.8%
Medium-term management plan targets
Orders received80,000
Net Sales77,000
Operating profit7,500
Annual Dividend90
Target fiscal yearFiscal year ending March 2027
Financial targets
ROEForecast for the fiscal year ending March 2027: 15.8% (medium-term management plan)
Operating profit marginForecast for the fiscal year ending March 2027: 11.4% (medium-term management plan)
DOEForecast for the fiscal year ending March 2027: 4.8%
Market Size / Share
Hydrogen production equipmentDomestic market share: 50–70% (company estimates)
Oil purifiersDomestic 90%, global 50% (company estimates)
Orders received and order backlog
Orders received
52,744 Million yen first-half actual
Order backlog
Engineering Business
¥59,748 million
Single-Machine Business
¥13,790 million
GX Business
¥32,026 million
Annual Dividend
¥135 per share
End of period75
Payout ratio
40% (forecast for the fiscal year ending March 2027)
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥38,021 million (YoY +5.3%)
Operating profit¥3,917 million (YoY +6.4%)
Ordinary income¥3,910 million (YoY +1.2%)
Net income¥3,163 million (interim net income attributable to owners of the parent) (YoY +18.1%)
Operating profit margin10.3%, up 0.1 percentage points year on year
Selling, general and administrative expenses¥5,041 million
Full-year earnings forecastOrders received ¥106,000 million / Net Sales ¥83,500 million / Operating profit ¥9,500 million / Ordinary income ¥9,300 million / Net income 7,450 JPY million (net income attributable to owners of the parent) / Annual Dividend ¥135 per share
Segment resultsEngineering Business Orders received ¥38,414 million (YoY +228.7%) / Net Sales ¥17,364 million (YoY -11.7%) / Segment profit ¥1,077 million (YoY +19.9%) / Order backlog ¥59,748 million (YoY +54.4%) / Single-Machine Business Orders received ¥13,471 million (YoY +29.8%) / Net Sales ¥10,321 million (YoY +3.3%) / Segment profit ¥2,749 million (YoY -0.3%) / Order backlog ¥13,790 million (YoY +29.6%) / GX Business Orders received ¥857 million (YoY -45.6%) / Net Sales ¥10,335 million (YoY +59.9%) / Segment profit ¥91 million (YoY +269.0%) / Order backlog ¥32,026 million (YoY -22.8%)
Breakdown of Factors Affecting the ChangeFactors Progress on large-scale construction projects and strong sales of equipment and parts for ships / Amount Not disclosed, Factors Improved cost ratio in the Engineering business / Amount Not disclosed, Factors Increase in estimated design costs / Amount ¥140 million, Factors Increase in R&D expenses / Amount ¥43 million, Factors Increase in other selling, general and administrative expenses, including costs related to the management integration / Amount ¥782 million
Key KPIsIndicator name Orders / Value ¥52,744 million / Year on year against the same period last year +123%, Indicator name Order backlog (Engineering business) / Value ¥59,748 million / Year on year against the same period last year +54.4% (versus the end of the previous fiscal year), Indicator name Order backlog (standalone Machinery business) / Value ¥13,790 million / Year on year against the same period last year +29.6% (versus the end of the previous fiscal year), Indicator name Order backlog (GX business) / Value ¥32,026 million / Year on year against the same period last year -22.8% (versus the end of the previous fiscal year), Indicator name Equity ratio / Value 57.2 % / Year on year against the same period last year Flat from 57.5% at the end of the previous fiscal year, Indicator name Domestic market share (hydrogen production equipment) / Value 50-70 / Year on year against the same period last year Not disclosed, Indicator name Domestic market share (oil purifiers) / Value 90 % / Year on year against the same period last year Not disclosed, Indicator name Global market share (oil purifiers) / Value 50 % / Year on year against the same period last year Not disclosed
Medium-term management plan targetsOrders received 80,000 / Net Sales 77,000 / Operating profit 7,500 / Annual Dividend 90 / Target fiscal year Fiscal year ending March 2027
Financial targetsROE Forecast for the fiscal year ending March 2027: 15.8% (medium-term management plan) / Operating profit margin Forecast for the fiscal year ending March 2027: 11.4% (medium-term management plan) / DOE Forecast for the fiscal year ending March 2027: 4.8%
Annual Dividend¥135 per share
Payout ratio40% (forecast for the fiscal year ending March 2027)
Orders received and order backlogOrders received 52,744 Million yen (first-half actual) / Order backlog Engineering Business ¥59,748 million / Single-Machine Business ¥13,790 million / GX Business ¥32,026 million
Market Size / ShareHydrogen production equipment Domestic market share: 50–70% (company estimates) / Oil purifiers Domestic 90%, global 50% (company estimates)
New initiativesManagement integration with TSUKISHIMA HOLDINGS CO.,LTD., Capital and business alliance with 斎藤遠心機工業株式会社 (acquisition of 52.5% of issued shares), Orders for oil purifiers equipped with variable impellers for the separation and concentration of microalgae, Centralization of sales operations for certain products at 斎藤遠心機工業株式会社, Expansion of hydrogen production equipment into GX and blue hydrogen applications
Items this document does not state (12)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition 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.

In the first half, the Engineering business secured large-scale projects related to AI and semiconductors, while orders for oil purifiers for ships were strong in the standalone Machinery business. Revenue benefited from progress on large-scale construction projects and strong sales of equipment and parts for ships. In operating profit, improved cost ratios in the Engineering business absorbed higher selling, general and administrative expenses. The full-year forecast was revised based on increased orders for AI- and semiconductor-related plants and equipment and parts for ships, progress on large-scale construction projects, and improved cost ratios.

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.
Materials for the Second-Quarter Financial Results Briefing for the Fiscal Year Ending March 2027 | Mitsubishi Kakoki Kaisha,Ltd. (6331) timely disclosure | Komori