Worth reading
79Important
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
-5.8
Year-on-year change in operating profit (%)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationFiscal 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
Operating profit margin10.0%, down 0.9 percentage points year on year
Full-year earnings forecast
Net Sales
¥60,000 million
Operating profit
¥5,200 million
Ordinary income
¥6,460 million
Net income
¥3,950 million
Annual Dividend
¥93
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of the plan. Profit exceeded the initial forecasts and remained on track to meet the plan across all indicators.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Year-on-year change in operating profit¥822 millionFactorsIncrease in gross profit
- Year-on-year change in operating profit¥-410 millionFactorsIncrease in personnel expenses
- Year-on-year change in operating profit¥-311 millionFactorsIncrease in selling-related expenditures
- Year-on-year change in operating profit¥-78 millionFactorsIncrease in selling, general and administrative expenses
- Year-on-year change in operating profit¥-239 millionFactorsIncrease in depreciation expense
- Year-on-year change in operating profit¥-123 millionFactorsIncrease in payment fees and other expenses
- Variance from the revenue plan¥-500 millionFactorsDelayed recovery in compressor sales in China and exports
- Variance from the revenue plan¥-800 millionFactorsIntensifying competition in small compressors in India
- Variance from the revenue plan¥-200 millionFactorsEuropean spray-gun market reaching maturity
- Variance from the revenue plan¥-700 millionFactorsDelayed progress against the sales plan for spray guns in the Americas
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rate
US dollars¥151.50
Euro¥175.00
Renminbi¥21.00 per yuan
Net SalesHigher utilization at the Indian medium-sized compressor assembly plant, recovery in spray-gun sales in Europe and the US, and contributions from the new medium-sized oil-free compressor from the second half of the fiscal year onward
Operating profitHigher personnel expenses, logistics costs, and procurement prices for raw materials and components, centenary project costs, research and development investment, and M&A-related expenses
New initiatives
- Acquisition of all shares of 株式会社SANWA (scheduled for the end of June 2026)
- Transition to a matrix organization led by a CxO structure and regional heads from April 2026
- Establishment of the Corporate Governance Department
- Launch of a new business development organization
- Capital investment toward establishing the Monozukuri Innovation Center
- Development and launch of a new medium-sized oil-free compressor
- Trial of a compressor for mine-clearance support in Ukraine
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 %Change from the end of the previous fiscal year+0.3pt
Segment results
- Air EnergySales¥33,683 million (YoY +0.8%)Operating profit¥3,313 million (YoY -2.5%)
- CoatingSales¥21,491 million (YoY +4.2%)Operating profit¥2,541 million (YoY -2.5%)
- OtherSales¥734 million (YoY +99.8%)Operating profit¥-291 million
Medium-term management plan targets
PlanFirst Medium-Term Management Plan 2025-2027
Target fiscal yearFiscal year ending March 2028
Net Sales¥62.0 billion
Operating profit¥6.17 billion
Operating profit margin10.0%
ROE11.0%
EPS¥132.0
Financial targets
ROE
Actual results for the fiscal year ending March 202611.0%
Target for the fiscal year ending March 202811.0%
Equity ratio68.0% at the end of the fiscal year ended March 2026
Market Size / Share
- Global gas compressor marketScaleApproximately ¥840 billion
- Industrial coating equipment marketScaleApproximately ¥160 billion
- Metal coating equipment marketScaleApproximately ¥420 billion
Capital expenditures
¥3,660 million
Annual Dividend
Fiscal year ending March 2026¥87 (interim ¥41, year-end ¥46 planned)
Fiscal year ending March 2027¥93 (interim ¥43, year-end ¥50 planned)
Acquisition of treasury shares
Buyback limitUp to ¥1.5 billion
PeriodFrom 13 May 2026
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal 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%) |
| Operating profit margin | 10.0%, down 0.9 percentage points year on year |
| Selling, general and administrative expenses | ¥20,580 million |
| Full-year earnings forecast | Net Sales ¥60,000 million / Operating profit ¥5,200 million / Ordinary income ¥6,460 million / Net income ¥3,950 million / Annual Dividend ¥93 |
| Self-assessment against the plan | Revenue fell short of the plan. Profit exceeded the initial forecasts and remained on track to meet the plan across all indicators. |
| Segment results | Segment Air Energy / Sales ¥33,683 million (YoY +0.8%) / Operating profit ¥3,313 million (YoY -2.5%), Segment Coating / Sales ¥21,491 million (YoY +4.2%) / Operating profit ¥2,541 million (YoY -2.5%), Segment Other / Sales ¥734 million (YoY +99.8%) / Operating profit ¥-291 million |
| Breakdown of Factors Affecting the Change | Item Year-on-year change in operating profit / Factors Increase in gross profit / Amount ¥822 million, Item Year-on-year change in operating profit / Factors Increase in personnel expenses / Amount ¥-410 million, Item Year-on-year change in operating profit / Factors Increase in selling-related expenditures / Amount ¥-311 million, Item Year-on-year change in operating profit / Factors Increase in selling, general and administrative expenses / Amount ¥-78 million, Item Year-on-year change in operating profit / Factors Increase in depreciation expense / Amount ¥-239 million, Item Year-on-year change in operating profit / Factors Increase in payment fees and other expenses / Amount ¥-123 million, Item Variance from the revenue plan / Factors Delayed recovery in compressor sales in China and exports / Amount ¥-500 million, Item Variance from the revenue plan / Factors Intensifying competition in small compressors in India / Amount ¥-800 million, Item Variance from the revenue plan / Factors European spray-gun market reaching maturity / Amount ¥-200 million, Item Variance from the revenue plan / Factors Delayed progress against the sales plan for spray guns in the Americas / Amount ¥-700 million |
| Key KPIs | Indicator 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 % / Change from the end of the previous fiscal year +0.3pt |
| Assumptions Underlying the Business Outlook | Average exchange rate US dollars ¥151.50 / Euro ¥175.00 / Renminbi ¥21.00 per yuan / Net Sales Higher utilization at the Indian medium-sized compressor assembly plant, recovery in spray-gun sales in Europe and the US, and contributions from the new medium-sized oil-free compressor from the second half of the fiscal year onward / Operating profit Higher personnel expenses, logistics costs, and procurement prices for raw materials and components, centenary project costs, research and development investment, and M&A-related expenses |
| Medium-term management plan targets | Plan First Medium-Term Management Plan 2025-2027 / Target fiscal year Fiscal year ending March 2028 / Net Sales ¥62.0 billion / Operating profit ¥6.17 billion / Operating profit margin 10.0% / ROE 11.0% / EPS ¥132.0 |
| Financial targets | ROE Actual results for the fiscal year ending March 2026 11.0% / Target for the fiscal year ending March 2028 11.0% / Equity ratio 68.0% at the end of the fiscal year ended March 2026 |
| Annual Dividend | Fiscal year ending March 2026 ¥87 (interim ¥41, year-end ¥46 planned) / Fiscal year ending March 2027 ¥93 (interim ¥43, year-end ¥50 planned) |
| Acquisition of treasury shares | Buyback limit Up to ¥1.5 billion / Period From 13 May 2026 |
| Capital expenditures | ¥3,660 million |
| Market Size / Share | Market Global gas compressor market / Scale Approximately ¥840 billion, Market Industrial coating equipment market / Scale Approximately ¥160 billion, Market Metal coating equipment market / Scale Approximately ¥420 billion |
| New initiatives | Acquisition of all shares of 株式会社SANWA (scheduled for the end of June 2026), Transition to a matrix organization led by a CxO structure and regional heads from April 2026, Establishment of the Corporate Governance Department, Launch of a new business development organization, Capital investment toward establishing the Monozukuri Innovation Center, Development and launch of a new medium-sized oil-free compressor, Trial of a compressor for mine-clearance support in Ukraine |
Items this document does not state (10)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout 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.Operating profit declined due to higher personnel expenses, mainly in Japan, and continued growth investments. Ordinary profit and below increased due to foreign exchange gains, gains on the sale of operating locations, gains on debt forgiveness in China, and the year-on-year decline in extraordinary losses.
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.
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