Worth reading
62In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
20.1
Year-on-year change (operating profit, %)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales28,334¥ millionYear on year +16.9%Progress 25.8%
Operating profit5,879¥ millionYear on year +20.1%Progress 29.5%
Ordinary income6,015¥ millionYear on year +21.1%Progress 30.2%
Net income attributable to owners of the parent4,323¥ millionYear on year +20.2%Progress 28.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥24.14
Operating Margin20.7%
Financial position at period-end
Total assets137,010¥ million
of which net assets 112,892 ¥ millionEquity ratio 82.3%vs. prior year-end -1.3pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+2,749
Investment-1,263
Financials-6,164
Net change-4,678
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥31,838 million
Segment revenueOffice Equipment ¥5,783 million (YoY +8.1%), Industrial equipment ¥21,790 million (YoY +20.3%), HCR Equipment ¥760 million (YoY -1.3%)
Segment profitOffice Equipment ¥1,034 million (YoY +4.6%), Industrial equipment ¥6,245 million (YoY +21.5%), HCR Equipment ¥-6 million
Regional salesOffice equipment segment: domestic office business ¥1,835 million (YoY +1.0%), Office equipment segment: overseas office business ¥1,815 million (YoY +17.3%), Industrial equipment segment: domestic industrial equipment business ¥5,168 million (YoY +2.0%), Industrial equipment segment: overseas industrial equipment business ¥13,395 million (YoY +36.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥109,900 million (YoY +10.3%)
Operating profit¥19,900 million (YoY +13.3%)
Ordinary income¥19,900 million (YoY +8.3%)
Net income¥15,050 million (YoY +8.3%)
Revision to Earnings Forecast2Q cumulative Net Sales Not disclosed → ¥55,100 million / Operating profit Not disclosed → ¥10,500 million / Ordinary income Not disclosed → ¥10,400 million / Net income Not disclosed → ¥8,000 million / Full year Net Sales Not disclosed → ¥109,900 million / Operating profit Not disclosed → ¥19,900 million / Ordinary income Not disclosed → ¥19,900 million / Net income Not disclosed → ¥15,050 million
Annual Dividend Forecast¥148 → ¥40（+8.1% (calculated after the stock split)）
Payout ratio50% (guideline)
Shareholder Return PolicyTargeting a dividend on equity ratio of 6.0% and a payout ratio of 50%
Factors Behind Changes in Business Performance
In office equipment, increased sales of stationery-related products and consumables for character display equipment, together with stepped-up sales activities centered on new Letatwin products, contributed to higher revenue and earnings. In industrial equipment, the resilience of the non-residential markets in Europe and the United States, demand for mechanization driven by labor shortages, and strong sales of rebar tying machines and consumables contributed to higher revenue and earnings. HCR equipment posted lower revenue owing to a decline in wheelchair sales to China's rental market.
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 2 / Company name MAX Scandinavia AB, Name of target company / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥34 million, Gain on negative goodwill ¥219 million, Gain on step acquisition ¥31 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on disposal of fixed assets ¥4 million, Provision for removal costs of non-current assets ¥203 million
Depreciation and amortization¥935 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for securities analysts and fund managers)
Issued Shares at Period-End186,149,704
Treasury Shares at Period-End7,058,476
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥28,334 million (YoY +16.9%) |
| Operating profit | ¥5,879 million (YoY +20.1%) |
| Ordinary income | ¥6,015 million (YoY +21.1%) |
| Profit attributable to owners of the parent | ¥4,323 million (YoY +20.2%) |
| Net income per share | ¥24.14 |
| Operating Margin | 20.7% |
| Equity ratio | End of the current fiscal period 82.3% / End of previous period 83.6% |
| Total assets | ¥137,010 million |
| Net assets | ¥112,892 million |
| Cash flows from operating activities | ¥2,749 million |
| Cash flows from investing activities | ¥-1,263 million |
| Cash flows from financing activities | ¥-6,164 million |
| Cash and cash equivalents at end of period | ¥31,838 million |
| Full-year earnings forecast | Net Sales ¥109,900 million (YoY +10.3%) / Operating profit ¥19,900 million (YoY +13.3%) / Ordinary income ¥19,900 million (YoY +8.3%) / Net income ¥15,050 million (YoY +8.3%) |
| Revision to Earnings Forecast | 2Q cumulative Net Sales Not disclosed → ¥55,100 million / Operating profit Not disclosed → ¥10,500 million / Ordinary income Not disclosed → ¥10,400 million / Net income Not disclosed → ¥8,000 million / Full year Net Sales Not disclosed → ¥109,900 million / Operating profit Not disclosed → ¥19,900 million / Ordinary income Not disclosed → ¥19,900 million / Net income Not disclosed → ¥15,050 million |
| Annual Dividend Forecast | ¥148 → ¥40（+8.1% (calculated after the stock split)） |
| Payout ratio | 50% (guideline) |
| Shareholder Return Policy | Targeting a dividend on equity ratio of 6.0% and a payout ratio of 50% |
| Segment revenue | Office Equipment ¥5,783 million (YoY +8.1%), Industrial equipment ¥21,790 million (YoY +20.3%), HCR Equipment ¥760 million (YoY -1.3%) |
| Segment profit | Office Equipment ¥1,034 million (YoY +4.6%), Industrial equipment ¥6,245 million (YoY +21.5%), HCR Equipment ¥-6 million |
| Regional sales | Office equipment segment: domestic office business ¥1,835 million (YoY +1.0%), Office equipment segment: overseas office business ¥1,815 million (YoY +17.3%), Industrial equipment segment: domestic industrial equipment business ¥5,168 million (YoY +2.0%), Industrial equipment segment: overseas industrial equipment business ¥13,395 million (YoY +36.4%) |
| Depreciation and amortization | ¥935 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥34 million, Gain on negative goodwill ¥219 million, Gain on step acquisition ¥31 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on disposal of fixed assets ¥4 million, Provision for removal costs of non-current assets ¥203 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 2 / Company name MAX Scandinavia AB, Name of target company / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for securities analysts and fund managers) |
| Issued Shares at Period-End | 186,149,704 |
| Treasury Shares at Period-End | 7,058,476 |
| Factors Behind Changes in Business Performance | In office equipment, increased sales of stationery-related products and consumables for character display equipment, together with stepped-up sales activities centered on new Letatwin products, contributed to higher revenue and earnings. In industrial equipment, the resilience of the non-residential markets in Europe and the United States, demand for mechanization driven by labor shortages, and strong sales of rebar tying machines and consumables contributed to higher revenue and earnings. HCR equipment posted lower revenue owing to a decline in wheelchair sales to China's rental market. |
Items this document does not state (3)
Orders received and order backlogImpairment lossMaterial subsequent events
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.First-quarter results are expected to remain strong and exceed the forecasts announced on 30 April 2026. Performance was supported by the resilience of the non-residential markets in Europe and the United States, demand for mechanization driven by labor shortages, strong sales of rebar tying machines and consumables, and the launch of new office equipment products and stepped-up sales activities.
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.