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Presentation materials for financial results6381ANEST IWATA CorporationMachinery

Supplementary Explanatory Materials for the Fiscal Year Ending March 2026 Results

For the fiscal year ended March 2026, revenue increased, while operating profit declined due to higher personnel expenses and growth investments. For the fiscal year ending March 2027, revenue is expected to increase, but operating profit is planned to decline due to higher expenses and the absence of non-recurring gains recorded in the previous fiscal year.

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Contents of this document

Supplementary materials to the earnings reportFiscal year ending March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥55,909 million+2.8%
Operating profit¥5,563 million-5.8%
Ordinary income¥7,718 million+8.1%
Net income¥5,356 million+25.2%
Selling, general and administrative expenses¥20,580 million
Gross Profit Margin
Rate46.8%
Year-on-year change (points)+0.3 percentage points year on year
Operating profit margin
Rate10.0%
Year-on-year change (points)-0.8 percentage points year on year
Results for the three months of the current quarter
Net Sales
¥16,421 million
Year on year against the same period last year+13.9%
Operating profit
¥1,767 million
Year on year against the same period last year+39.2%
Full-year earnings forecast
Net Sales
¥60,000 million
Operating profit
¥5,200 million
Ordinary income
¥6,460 million
Net income attributable to owners of the parent
¥3,950 million
Annual Dividend
¥93
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。
Revenue for the fiscal year ended March 202696.4%
Operating profit100.2%
Ordinary income115.0%
Profit attributable to owners of the parent129.1%
Capital Expenditure106.1%
Depreciation and amortization95.8%
Research and development costs91.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of plan. Profit exceeded the initial forecast and achieved plan across all indicators.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
  • Increase in gross profit¥822 million
  • Increase in personnel expenses¥-410 million
  • Increase in selling-related expenditures¥-311 million
  • Increase in depreciation expense¥-78 million
  • Increase in amortization of goodwill and other items¥-239 million
  • Increase in payment fees and other expenses¥-123 million
Variance from revenue plan
  • Compressors: Delayed recovery in domestic Chinese sales and exports¥-500 million
  • Compressors: Intensifying competition in small compressors in India¥-800 million
  • Painting equipment: European flagship model adoption has peaked¥-200 million
  • Painting equipment: Delay in the sales plan for the automotive refinish market in the Americas¥-700 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rate (U.S. dollar)¥151.50
Average exchange rate (euro)¥175.00
Average exchange rate (Chinese yuan)¥21.00 per yuan
Foreign-Exchange Gains and LossesNot incorporated into the outlook in consideration of uncertainty
New initiatives
  • Agreement to acquire all shares of 株式会社SANWA, effective 30 June 2026
  • Launch of new oil-free medium-sized compressors
  • 100th anniversary project
  • Strengthening investment in research and development, including new product development and capacity expansion
  • Launch of trials in Ukraine for compressors used to support mine clearance
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic sales ratio34.7 %
    Year on year against the same period last yearUp from 33.7% year on year
  • Equity ratio68 %
    Year on year against the same period last year+0.3 percentage points from the end of the previous fiscal year
  • DOE7 %
  • Average exchange rate (U.S. dollar)¥149.71 /US$
    Year on year against the same period last year¥163.95 in the same period of the previous fiscal year
  • Average exchange rate (euro)169 JPY/EUR
    Year on year against the same period last year¥163.95 in the same period of the previous fiscal year
  • Average exchange rate (Chinese yuan)20.82 yen/RMB
    Year on year against the same period last year¥21.02 in the same period of the previous fiscal year
Segment results
  • Air Energy
    Net Sales33,683
    Revenue unit¥ million
    Year-on-year change in revenue+0.2%
    Operating profit3,313
    Operating profit unit¥ million
    Year-on-year operating profit growth-2.2%
  • Coating
    Net Sales21,491
    Revenue unit¥ million
    Year-on-year change in revenue+3.9%
    Operating profit2,541
    Operating profit unit¥ million
    Year-on-year operating profit growth-2.6%
  • Other
    Net Sales734
    Revenue unit¥ million
    Year-on-year change in revenue+496.2%
    Operating profit-291
    Operating profit unit¥ million
    Year-on-year operating profit growthYear-on-year comparison not disclosed
Medium-term management plan targets
DOE7.0～7.5%
Period CoveredFiscal years ending March 2026 to March 2028
Annual DividendProgressive dividend increases, with ¥87 for the fiscal year ended March 2026 as the floor
Acquisition of treasury sharesApproximately ¥3.0 billion to ¥3.5 billion
Market Size / Share
Global gas compressor market: approximately ¥840 billion
Number of employees
株式会社SANWA, as of October 2025
Number of Employees54 People
Capital expenditures
¥3,660 million
Annual Dividend
Fiscal year ending March 2026
Annual¥87
Interim¥41
End of period¥46
Fiscal year ending March 2027
Annual¥93
Interim¥43
End of period¥50
Acquisition of treasury shares
Up to ¥1.5 billion
PeriodFrom 13 May 2026
Medium-Term PlanApproximately ¥3.0 billion to ¥3.5 billion during the current medium-term management plan period
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥55,909 million (YoY +2.8%)
Operating profit¥5,563 million (YoY -5.8%)
Ordinary income¥7,718 million (YoY +8.1%)
Net income¥5,356 million (YoY +25.2%)
Gross Profit MarginRate 46.8% / Year-on-year change (points) +0.3 percentage points year on year
Operating profit marginRate 10.0% / Year-on-year change (points) -0.8 percentage points year on year
Selling, general and administrative expenses¥20,580 million
Results for the three months of the current quarterNet Sales ¥16,421 million / Operating profit ¥1,767 million
Full-year earnings forecastNet Sales ¥60,000 million / Operating profit ¥5,200 million / Ordinary income ¥6,460 million / Net income attributable to owners of the parent ¥3,950 million / Annual Dividend ¥93
Progress against full-year forecastRevenue for the fiscal year ended March 2026 96.4% / Operating profit 100.2% / Ordinary income 115.0% / Profit attributable to owners of the parent 129.1% / Capital Expenditure 106.1% / Depreciation and amortization 95.8% / Research and development costs 91.9%
Self-assessment against the planRevenue fell short of plan. Profit exceeded the initial forecast and achieved plan across all indicators.
Segment resultsSegment Air Energy / Net Sales 33,683 / Revenue unit ¥ million / Year-on-year change in revenue +0.2% / Operating profit 3,313 / Operating profit unit ¥ million / Year-on-year operating profit growth -2.2%, Segment Coating / Net Sales 21,491 / Revenue unit ¥ million / Year-on-year change in revenue +3.9% / Operating profit 2,541 / Operating profit unit ¥ million / Year-on-year operating profit growth -2.6%, Segment Other / Net Sales 734 / Revenue unit ¥ million / Year-on-year change in revenue +496.2% / Operating profit -291 / Operating profit unit ¥ million / Year-on-year operating profit growth Year-on-year comparison not disclosed
Breakdown of Factors Affecting the ChangeYear-on-year operating profit Factors Increase in gross profit / Amount ¥822 million, Factors Increase in personnel expenses / Amount ¥-410 million, Factors Increase in selling-related expenditures / Amount ¥-311 million, Factors Increase in depreciation expense / Amount ¥-78 million, Factors Increase in amortization of goodwill and other items / Amount ¥-239 million, Factors Increase in payment fees and other expenses / Amount ¥-123 million / Variance from revenue plan Factors Compressors: Delayed recovery in domestic Chinese sales and exports / Amount ¥-500 million, Factors Compressors: Intensifying competition in small compressors in India / Amount ¥-800 million, Factors Painting equipment: European flagship model adoption has peaked / Amount ¥-200 million, Factors Painting equipment: Delay in the sales plan for the automotive refinish market in the Americas / Amount ¥-700 million
Key KPIsIndicator name Domestic sales ratio / Value 34.7 % / Year on year against the same period last year Up from 33.7% year on year, Indicator name Equity ratio / Value 68 % / Year on year against the same period last year +0.3 percentage points from the end of the previous fiscal year, Indicator name DOE / Value 7 % / Year on year against the same period last year Not disclosed, Indicator name Average exchange rate (U.S. dollar) / Value ¥149.71 /US$ / Year on year against the same period last year ¥163.95 in the same period of the previous fiscal year, Indicator name Average exchange rate (euro) / Value 169 JPY/EUR / Year on year against the same period last year ¥163.95 in the same period of the previous fiscal year, Indicator name Average exchange rate (Chinese yuan) / Value 20.82 yen/RMB / Year on year against the same period last year ¥21.02 in the same period of the previous fiscal year
Number of employeesNumber of Employees 54 People / Subject 株式会社SANWA, as of October 2025
Assumptions Underlying the Business OutlookAverage exchange rate (U.S. dollar) ¥151.50 / Average exchange rate (euro) ¥175.00 / Average exchange rate (Chinese yuan) ¥21.00 per yuan / Foreign-Exchange Gains and Losses Not incorporated into the outlook in consideration of uncertainty
Medium-term management plan targetsDOE 7.0～7.5% / Period Covered Fiscal years ending March 2026 to March 2028 / Annual Dividend Progressive dividend increases, with ¥87 for the fiscal year ended March 2026 as the floor / Acquisition of treasury shares Approximately ¥3.0 billion to ¥3.5 billion
Annual DividendFiscal year ending March 2026 Annual ¥87 / Interim ¥41 / End of period ¥46 / Fiscal year ending March 2027 Annual ¥93 / Interim ¥43 / End of period ¥50
Acquisition of treasury sharesAmount Up to ¥1.5 billion / Period From 13 May 2026 / Medium-Term Plan Approximately ¥3.0 billion to ¥3.5 billion during the current medium-term management plan period
Capital expenditures¥3,660 million
Market Size / ShareMarket Size Global gas compressor market: approximately ¥840 billion / Share Not disclosed
New initiativesAgreement to acquire all shares of 株式会社SANWA, effective 30 June 2026, Launch of new oil-free medium-sized compressors, 100th anniversary project, Strengthening investment in research and development, including new product development and capacity expansion, Launch of trials in Ukraine for compressors used to support mine clearance
Items this document does not state (7)
Unit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsPayout ratioOrders received and order backlogKey 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.

For the fiscal year ended March 2026, revenue was driven by compressors for European OEMs, painting equipment in China, and painting systems in Japan and India. Operating profit declined due to higher personnel expenses, mainly in Japan, selling-related expenditures, M&A-related expenses, and growth investments. Ordinary profit and net income increased due to foreign exchange gains, gains on the sale of sites, gains from debt forgiveness in China, and the decline in special losses recorded in the previous fiscal year. For the fiscal year ending March 2027, the factors expected to reduce profit are higher personnel, logistics, and raw material costs; expenses related to the 100th anniversary project; investments in new product development and capacity expansion; M&A-related expenses; and the absence of non-recurring gains recorded in the previous fiscal year.

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Supplementary Explanatory Materials for the Fiscal Year Ending March 2026 Results | ANEST IWATA Corporation (6381) timely disclosure | Komori