Worth reading
35Immaterial
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
2405
¥ million (year-on-year decrease in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 20273 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥10,023 million-19.4%
Operating profit¥-79 million
Ordinary income¥7 million
Net income¥-17 million net income attributable to owners of the parent
Selling, general and administrative expenses¥1,689 million
Gross Profit Margin
Rate16.1
Year-on-year change (points)5.7
Operating profit margin
Rate-0.8
Year-on-year change (points)4.3
Results for the three months of the current quarter
Net Sales
¥10,023 million
Operating profit
¥-79 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Foreign Exchange Gains¥81 million
- Hotel Business¥27 million
- No inventory valuation loss recorded this fiscal year
- Higher revenue mix of spare parts
New initiatives
- Establishment of a joint venture with a local company in India and preparations for operations
- Price revisions for all products sold in Japan (approximately 3%–20%, implemented sequentially from August 2026)
- Launch of sales of 4 new hydraulic excavator models
Segment results
- JapanNet Sales¥9,689 millionYear-on-Year Change in Revenue (%)-11.7Operating profit¥-13 million
- EuropeNet Sales¥687 millionYear-on-Year Change in Revenue (%)-20.1Operating profit¥-71 million
- China and OtherNet Sales¥5 millionYear-on-Year Change in Revenue (%)-99.4Operating profit¥-40 million
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥10,023 million (YoY -19.4%) |
| Operating profit | ¥-79 million |
| Ordinary income | ¥7 million |
| Net income | ¥-17 million (net income attributable to owners of the parent) |
| Gross Profit Margin | Rate 16.1 / Year-on-year change (points) 5.7 |
| Operating profit margin | Rate -0.8 / Year-on-year change (points) 4.3 |
| Selling, general and administrative expenses | ¥1,689 million |
| Results for the three months of the current quarter | Net Sales ¥10,023 million / Operating profit ¥-79 million |
| Segment results | Segment Japan / Net Sales ¥9,689 million / Year-on-Year Change in Revenue (%) -11.7 / Operating profit ¥-13 million, Segment Europe / Net Sales ¥687 million / Year-on-Year Change in Revenue (%) -20.1 / Operating profit ¥-71 million, Segment China and Other / Net Sales ¥5 million / Year-on-Year Change in Revenue (%) -99.4 / Operating profit ¥-40 million |
| Breakdown of Factors Affecting the Change | Factors Foreign Exchange Gains / Amount ¥81 million, Factors Hotel Business / Amount ¥27 million, Factors No inventory valuation loss recorded this fiscal year / Amount Not disclosed, Factors Higher revenue mix of spare parts / Amount Not disclosed |
| New initiatives | Establishment of a joint venture with a local company in India and preparations for operations, Price revisions for all products sold in Japan (approximately 3%–20%, implemented sequentially from August 2026), Launch of sales of 4 new hydraulic excavator models |
Items this document does not state (18)
Full-year earnings forecastProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.Revenue declined because the China business recorded in the year-ago period was no longer included following the withdrawal from the business, in addition to lower domestic demand for construction equipment. On the earnings front, results benefited from the absence of an inventory valuation loss related to flexible sales this fiscal year, an increase in the revenue mix of spare parts, and foreign exchange gains, among other factors.
How to read this page
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