Worth reading
42Recurring
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
5349
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending December 2026, first quarter (January–March 2026)4 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥85,845 million+6.6%
Operating profit¥4,012 million-20.6%
Ordinary income¥3,205 million-16.0%
Net income¥1,932 million-44.8%
Operating profit margin4.7 %
Results for the three months of the current quarterRevenue of ¥85,845 million, operating profit of ¥4,012 million, ordinary profit of ¥3,205 million, and profit attributable to owners of the parent of ¥1,932 million, all on a standalone basis for January–March 2026
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Elimination of one-off factors¥2,400 million
- Foreign exchange¥-1,200 million
- Impact of U.S. tariffs, including measures such as passing through higher prices¥-3,000 million
- Volume¥-1,400 million
- Selling price¥1,000 million
- Cost¥-700 million
- Manitex consolidation¥600 million
- TIS consolidation¥1,358 million
- Other regions¥-100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Sales are expected to be in line with the initial full-year assumptions. The impact of escalating tensions in the Middle East is currently limited. Numerical assumptions are Not disclosed.Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥6,615 millionYear on year against the same period last year-11.1%
- Overseas revenue ratio64.3 %Year on year against the same period last year-6.3 percentage points
- Receivables turnover period63.2 daysYear on year against the same period last year-12.5 days
- Inventory turnover period248.3 daysYear on year against the same period last year+25.1 days
- CCC261.8 daysYear on year against the same period last year+26.6 days
- Net debt-to-equity ratio0.35 timesYear on year against the same period last year+0.04 times
Orders received and order backlog
Only a qualitative explanation was provided that orders remain firm, mainly for North America. The amount is Not disclosed.| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending December 2026, first quarter (January–March 2026) |
| Net Sales | ¥85,845 million (YoY +6.6%) |
| Operating profit | ¥4,012 million (YoY -20.6%) |
| Ordinary income | ¥3,205 million (YoY -16.0%) |
| Net income | ¥1,932 million (YoY -44.8%) |
| Operating profit margin | 4.7 % |
| Results for the three months of the current quarter | Revenue of ¥85,845 million, operating profit of ¥4,012 million, ordinary profit of ¥3,205 million, and profit attributable to owners of the parent of ¥1,932 million, all on a standalone basis for January–March 2026 |
| Breakdown of Factors Affecting the Change | Factors Elimination of one-off factors / Amount ¥2,400 million, Factors Foreign exchange / Amount ¥-1,200 million, Factors Impact of U.S. tariffs, including measures such as passing through higher prices / Amount ¥-3,000 million, Factors Volume / Amount ¥-1,400 million, Factors Selling price / Amount ¥1,000 million, Factors Cost / Amount ¥-700 million, Factors Manitex consolidation / Amount ¥600 million, Factors TIS consolidation / Amount ¥1,358 million, Factors Other regions / Amount ¥-100 million |
| Key KPIs | Indicator name EBITDA / Value ¥6,615 million / Year on year against the same period last year ¥-11.1 million, Indicator name Overseas revenue ratio / Value 64.3 % / Year on year against the same period last year -6.3 percentage points, Indicator name Receivables turnover period / Value 63.2 days / Year on year against the same period last year -12.5 days, Indicator name Inventory turnover period / Value 248.3 days / Year on year against the same period last year +25.1 days, Indicator name CCC / Value 261.8 days / Year on year against the same period last year +26.6 days, Indicator name Net debt-to-equity ratio / Value 0.35 times / Year on year against the same period last year +0.04 times |
| Assumptions Underlying the Business Outlook | Sales are expected to be in line with the initial full-year assumptions. The impact of escalating tensions in the Middle East is currently limited. Numerical assumptions are Not disclosed. |
| Orders received and order backlog | Only a qualitative explanation was provided that orders remain firm, mainly for North America. The amount is Not disclosed. |
Items this document does not state (19)
Gross Profit MarginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&ANew initiatives
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 increased due to the impact of the TIS acquisition. Operating profit decreased because of the impact of U.S. tariffs, lower volume resulting from delays in the timing of sales, and higher costs. Profit attributable to owners of the parent decreased because of the reversal of the impact of recording extraordinary gains, including gains on the sale of property and equipment in Europe, in the same period of the previous year.
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.