Revised forecast
Fiscal year ending November 2026 · Second quarter (interim period) and full yearPrevious forecast published 14 January 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
In addition to the yen weakening more than initially expected, demand recovered or increased, particularly in the construction machinery sectors in Europe, North America and China, the aftermarket sector in ASEAN, and the industrial machinery sector in the Americas. On the profit side, the company worked to reduce fixed costs through structural reforms, pass higher raw material costs on to selling prices, automate and streamline production lines, and reduce procurement costs.
| Item | Details |
|---|---|
| Net Sales | Interim period 118,500 / Full year 243,000 → Interim period (current actual results) 124,832 / Full year 255,000（Interim period 5.3 / Full year 4.9） |
| Operating profit | Interim period 5,700 / Full year 12,100 → Interim period (current actual results) 6,769 / Full year 15,300（Interim period 18.8 / Full year 26.4） |
| Ordinary income | Interim period 4,900 / Full year 10,400 → Interim period (current actual results) 6,130 / Full year 13,300（Interim period 25.1 / Full year 27.9） |
| Profit attributable to owners of the parent | Interim period 3,000 / Full year 6,400 → Interim period (current actual results) 3,395 / Full year 7,500（Interim period 13.2 / Full year 17.2） |
| Net income per share | Interim period 137.75 / Full year 293.87 → Interim period (current actual results) 155.86 / Full year 344.2 |
| Fiscal Period Covered | Fiscal year ending November 2026 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 14 January 2026 |
| Previous-period results | Interim period Net Sales 115,887 / Operating profit 4,213 / Ordinary income 2,957 / Interim net income attributable to owners of the parent 1,875 / Interim net income per share 82.82 / Full year Net Sales 235,903 / Operating profit 9,773 / Ordinary income 8,370 / Profit attributable to owners of the parent 5,250 / Net income per share 233.48 |
| Reason for the revision | In addition to the yen weakening more than initially expected, demand recovered or increased, particularly in the construction machinery sectors in Europe, North America and China, the aftermarket sector in ASEAN, and the industrial machinery sector in the Americas. On the profit side, the company worked to reduce fixed costs through structural reforms, pass higher raw material costs on to selling prices, automate and streamline production lines, and reduce procurement costs. |
| Dividend forecast revision | The forecast year-end dividend has been increased from ¥100 to ¥110 per share. The forecast annual dividend has also been increased from ¥100 to ¥110 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.During the interim period, in addition to the yen weakening more than initially expected, demand recovered or increased in the construction machinery sectors in Europe, North America and China, the aftermarket sector in ASEAN, and the industrial machinery sector in the Americas. On the profit side, the company worked to reduce fixed costs through structural reforms, pass on higher raw material costs through pricing, automate and streamline production lines, and reduce procurement costs.