Worth reading
56In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
13.5
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales55,280¥ millionYear on year +13.5%Progress 50.3%
Operating profit11,068¥ millionYear on year +16.9%Progress 54.8%
Ordinary income11,172¥ millionYear on year +14.5%Progress 55.0%
Net income attributable to owners of the parent8,472¥ millionYear on year +16.2%
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¥47.74
Operating Margin20.0%
Financial position at period-end
Total assets136,868¥ million
of which net assets 110,616 ¥ millionEquity ratio 80.7%vs. prior year-end -2.9pt
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+9,192
Investment-1,909
Financials-13,112
Net change-5,829
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¥30,060 million
Segment revenue
Office Equipment11,21920.3%+5.9%
Industrial equipment42,56377.0%+16.4%
HCR Equipment1,4972.7%-0.7%
Segment profit
Office Equipment1,834-0.6%
Industrial equipment11,833+18.4%
HCR Equipment-50
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥110,000 million (YoY +10.4%)
Operating profit¥20,200 million (YoY +15.0%)
Ordinary income¥20,300 million (YoY +10.4%)
Profit attributable to owners of the parent¥15,400 million (YoY +10.9%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥110,000 million / Operating profit Not disclosed → ¥20,200 million / Ordinary income Not disclosed → ¥20,300 million / Profit attributable to owners of the parent Not disclosed → ¥15,400 million
Annual Dividend Forecast148.00 (actual for the fiscal year ended March 2026, before the stock split) → 43.00 (forecast for the fiscal year ending March 2027, after the stock split)
Payout ratio50% (target)
Shareholder Return PolicyTargeting a dividend on equity ratio of 6.0% and a payout ratio of 50%
Factors Behind Changes in Business Performance
Firm market conditions in the non-residential market, particularly infrastructure, in Europe and North America; rising demand for mechanisation against a backdrop of labour shortages at construction sites; and strong sales of rebar tying machines and consumables in Europe and North America. In Japan, consumables sales remained firm as the cumulative number of rebar tying machines in operation increased, while wheelchair sales for China's rental market declined in the HCR equipment segment.
Disclosure regarding the going concern assumption
Not applicable.
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 ¥35 million / Gain on sale of investment securities ¥365 million / Gain on recognition of negative goodwill ¥219 million / Gain on step acquisition ¥31 million / Extraordinary loss Loss on sale of non-current assets ¥1 million / Loss on disposal of fixed assets ¥20 million / Provision for removal costs of non-current assets ¥224 million
Depreciation and amortization¥1,873 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-End10,627,395
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥55,280 million (YoY +13.5%) |
| Operating profit | ¥11,068 million (YoY +16.9%) |
| Ordinary income | ¥11,172 million (YoY +14.5%) |
| Profit attributable to owners of the parent | ¥8,472 million (YoY +16.2%) |
| Net income per share | ¥47.74 |
| Operating Margin | 20.0% |
| Equity ratio | End of the current fiscal period 80.7% / End of previous period 83.6% |
| Total assets | ¥136,868 million |
| Net assets | ¥110,616 million |
| Cash flows from operating activities | ¥9,192 million |
| Cash flows from investing activities | ¥-1,909 million |
| Cash flows from financing activities | ¥-13,112 million |
| Cash and cash equivalents at end of period | ¥30,060 million |
| Full-year earnings forecast | Net Sales ¥110,000 million (YoY +10.4%) / Operating profit ¥20,200 million (YoY +15.0%) / Ordinary income ¥20,300 million (YoY +10.4%) / Profit attributable to owners of the parent ¥15,400 million (YoY +10.9%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥110,000 million / Operating profit Not disclosed → ¥20,200 million / Ordinary income Not disclosed → ¥20,300 million / Profit attributable to owners of the parent Not disclosed → ¥15,400 million |
| Annual Dividend Forecast | 148.00 (actual for the fiscal year ended March 2026, before the stock split) → 43.00 (forecast for the fiscal year ending March 2027, after the stock split) |
| Payout ratio | 50% (target) |
| Shareholder Return Policy | Targeting a dividend on equity ratio of 6.0% and a payout ratio of 50% |
| Segment revenue | Office Equipment ¥11,219 million (YoY +5.9%) / Industrial equipment ¥42,563 million (YoY +16.4%) / HCR Equipment ¥1,497 million (YoY -0.7%) |
| Segment profit | Office Equipment ¥1,834 million (YoY -0.6%) / Industrial equipment ¥11,833 million (YoY +18.4%) / HCR Equipment ¥-50 million |
| Depreciation and amortization | ¥1,873 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥35 million / Gain on sale of investment securities ¥365 million / Gain on recognition of negative goodwill ¥219 million / Gain on step acquisition ¥31 million / Extraordinary loss Loss on sale of non-current assets ¥1 million / Loss on disposal of fixed assets ¥20 million / Provision for removal costs of non-current assets ¥224 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | 10,627,395 |
| Factors Behind Changes in Business Performance | Firm market conditions in the non-residential market, particularly infrastructure, in Europe and North America; rising demand for mechanisation against a backdrop of labour shortages at construction sites; and strong sales of rebar tying machines and consumables in Europe and North America. In Japan, consumables sales remained firm as the cumulative number of rebar tying machines in operation increased, while wheelchair sales for China's rental market declined in the HCR equipment segment. |
Items this document does not state (4)
Regional salesOrders 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.Full-year earnings for the fiscal year ending March 2027 are expected to exceed the forecast announced on 30 July 2026, driven by growing sales of tools for concrete structures in Europe and North America, among other factors.
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.