Worth reading
76Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
100
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFY2026 First Quarter10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales5,435 Hundreds of millions of yen+11.3%
Operating profit357 Hundreds of millions of yen+74.1%
Ordinary income347 Hundreds of millions of yen+106.5%
Net income156 Hundreds of millions of yen+271.4%
Selling, general and administrative expenses837 Hundreds of millions of yen
Gross Profit Margin
Rate20.3%
Year on year against the same period last year+1.5 percentage points
Operating profit margin
Rate6.6%
Year on year against the same period last year+2.3 percentage points
Results for the three months of the current quarter
Orders received¥525.7 billion (+¥79.3 billion year on year)
Revenue¥543.5 billion (+¥55.1 billion year on year)
Business profit¥35.7 billion (+¥15.2 billion year on year)
Profit before quarterly income taxes¥34.7 billion (+¥17.9 billion year on year)
Quarterly profit attributable to owners of the parent¥15.6 billion (+¥11.4 billion year on year)
Full-year earnings forecast
Orders received¥2,420 billion
Revenue¥2,560.0 billion
Business profit¥180 billion
Profit before tax¥157.0 billion
Profit for the period attributable to owners of the parent¥115 billion
After-tax ROIC8.6%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in business profit+¥15.2 billion
Foreign Exchange Movements+¥9.4 billion
Revenue Volatility+¥2.7 billion
Cost increases resulting from US tariff policy−¥3.7 billion
Changes in sales mix and other factors+¥9.1 billion
Share of profit or loss of investments accounted for using the equity method+¥1.3 billion
Change in SG&A expenses▲¥3.6 billion
Breakdown of changes in sales mix, etc.
Price optimization+¥9.0 billion
IEEPA tariff refund (PS&E)+¥8 billion
Inflation impact, product mix, etc.–¥7.9 billion
Total+¥9.1 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD/JPY¥150
EUR/JPY¥180
Middle East situationAssumes economic activity will normalize by the end of September
U.S. tariff policyIncorporates regulations and tariff rates already in effect or expected to be applied as of 7 August 2026
New initiatives
- Rebuild the supply chain and production capacity to respond to strong demand
- Improve operational efficiency and productivity to capture new business opportunities
- Advance development of products for the Ministry of Defense and steadily fulfill volume-production contracts
- Advance initiatives in the 7 priority areas for strengthening defense capabilities
- Develop environmental technologies using the NEDO Green Innovation Fund
Key KPIsA metric the company considers important as a management benchmark.
- Orders received5,257 Hundreds of millions of yenYear on year against the same period last year+¥79.3 billion
- Revenue-weighted average rate (USD/JPY)¥158.05Year on year against the same period last year+¥14.26
- Foreign-currency exposure affecting earnings6.6 USD 100 millionYear on year against the same period last year+USD 90 million
- Cash Conversion Cycle166 daysYear on year against the same period last year+18 days
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Units sold of Boeing aircraft work-share products (767)6 satellitesYear on year against the same period last year▲1 aircraft
- Units sold of Boeing aircraft work-share products (777)7 satellitesYear on year against the same period last year+3 aircraft
- Units sold of Boeing aircraft work-share products (777X)3 satellitesYear on year against the same period last year+3 aircraft
- Units sold of Boeing aircraft work-share products (787)21 satellitesYear on year against the same period last year+16 aircraft
- V2500 major aero-engine workshare units delivered7 UnitsYear on year against the same period last year+4 engines
- PW1100G major aero-engine workshare units delivered170 UnitsYear on year against the same period last year+36 engines
Segment results
Aerospace Systems
Orders received¥72.6 billion (▲¥26.2 billion year on year)
Revenue¥137.6 billion (+¥36.0 billion year on year)
Business profit¥1.6 billion (+¥0.8 billion year on year)
Vehicle
Orders received¥42.9 billion (+¥28.1 billion year on year)
Revenue¥60.1 billion (+¥4.8 billion year on year)
Business profit¥0.4 billion (▲¥3.1 billion year on year)
Energy Solution & Marine
Orders received¥125.2 billion (+¥38.6 billion year on year)
Revenue¥86.9 billion (▲¥9.7 billion year on year)
Business profit¥12.0 billion (+¥2.3 billion year on year)
Precision Machinery & Robotics
Orders received¥89.4 billion (+¥25.5 billion year on year)
Revenue¥69.5 billion (+¥12.6 billion year on year)
Business profit¥5.2 billion (+¥2.9 billion year on year)
Power Sports & Engine
Orders received¥170.5 billion (+¥10.2 billion year on year)
Revenue¥170.7 billion (+¥10.4 billion year on year)
Business profit¥19.2 billion (+¥11.1 billion year on year)
Other
Orders received¥24.8 billion (+¥3.0 billion year on year)
Revenue¥18.5 billion (+¥0.8 billion year on year)
Business profit¥2.2 billion (+¥0.5 billion year on year)
Financial targets
After-tax ROICFull-year forecast: 8.6% (previous forecast: 8.6%; previous fiscal year actual: 9.0%)
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Annual earnings impact from U.S. tariff policy▲¥28.2 billion
Annual earnings impact from the situation in the Middle EastOperating loss of ¥3.1 billion
Orders received and order backlog
Orders received¥525.7 billion (year-ago period)
Capital expenditures
261 Hundreds of millions of yen
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | FY2026 First Quarter |
| Net Sales | 5,435 Hundreds of millions of yen (YoY +11.3%) |
| Operating profit | 357 Hundreds of millions of yen (YoY +74.1%) |
| Ordinary income | 347 Hundreds of millions of yen (YoY +106.5%) |
| Net income | 156 Hundreds of millions of yen (YoY +271.4%) |
| Gross Profit Margin | Rate 20.3% / Year on year against the same period last year +1.5 percentage points |
| Operating profit margin | Rate 6.6% / Year on year against the same period last year +2.3 percentage points |
| Selling, general and administrative expenses | 837 Hundreds of millions of yen |
| Results for the three months of the current quarter | Orders received ¥525.7 billion (+¥79.3 billion year on year) / Revenue ¥543.5 billion (+¥55.1 billion year on year) / Business profit ¥35.7 billion (+¥15.2 billion year on year) / Profit before quarterly income taxes ¥34.7 billion (+¥17.9 billion year on year) / Quarterly profit attributable to owners of the parent ¥15.6 billion (+¥11.4 billion year on year) |
| Full-year earnings forecast | Orders received ¥2,420 billion / Revenue ¥2,560.0 billion / Business profit ¥180 billion / Profit before tax ¥157.0 billion / Profit for the period attributable to owners of the parent ¥115 billion / After-tax ROIC 8.6% |
| Segment results | Aerospace Systems Orders received ¥72.6 billion (▲¥26.2 billion year on year) / Revenue ¥137.6 billion (+¥36.0 billion year on year) / Business profit ¥1.6 billion (+¥0.8 billion year on year) / Vehicle Orders received ¥42.9 billion (+¥28.1 billion year on year) / Revenue ¥60.1 billion (+¥4.8 billion year on year) / Business profit ¥0.4 billion (▲¥3.1 billion year on year) / Energy Solution & Marine Orders received ¥125.2 billion (+¥38.6 billion year on year) / Revenue ¥86.9 billion (▲¥9.7 billion year on year) / Business profit ¥12.0 billion (+¥2.3 billion year on year) / Precision Machinery & Robotics Orders received ¥89.4 billion (+¥25.5 billion year on year) / Revenue ¥69.5 billion (+¥12.6 billion year on year) / Business profit ¥5.2 billion (+¥2.9 billion year on year) / Power Sports & Engine Orders received ¥170.5 billion (+¥10.2 billion year on year) / Revenue ¥170.7 billion (+¥10.4 billion year on year) / Business profit ¥19.2 billion (+¥11.1 billion year on year) / Other Orders received ¥24.8 billion (+¥3.0 billion year on year) / Revenue ¥18.5 billion (+¥0.8 billion year on year) / Business profit ¥2.2 billion (+¥0.5 billion year on year) |
| Breakdown of Factors Affecting the Change | Change in business profit +¥15.2 billion / Foreign Exchange Movements +¥9.4 billion / Revenue Volatility +¥2.7 billion / Cost increases resulting from US tariff policy −¥3.7 billion / Changes in sales mix and other factors +¥9.1 billion / Share of profit or loss of investments accounted for using the equity method +¥1.3 billion / Change in SG&A expenses ▲¥3.6 billion / Breakdown of changes in sales mix, etc. Price optimization +¥9.0 billion / IEEPA tariff refund (PS&E) +¥8 billion / Inflation impact, product mix, etc. –¥7.9 billion / Total +¥9.1 billion |
| Key KPIs | Indicator name Orders received / Value 5,257 Hundreds of millions of yen / Year on year against the same period last year +¥79.3 billion, Indicator name Revenue-weighted average rate (USD/JPY) / Value ¥158.05 / Year on year against the same period last year +¥14.26, Indicator name Foreign-currency exposure affecting earnings / Value 6.6 USD 100 million / Year on year against the same period last year +USD 90 million, Indicator name Cash Conversion Cycle / Value 166 days / Year on year against the same period last year +18 days |
| Unit price and quantity metrics | Indicator name Units sold of Boeing aircraft work-share products (767) / Value 6 satellites / Year on year against the same period last year ▲1 aircraft, Indicator name Units sold of Boeing aircraft work-share products (777) / Value 7 satellites / Year on year against the same period last year +3 aircraft, Indicator name Units sold of Boeing aircraft work-share products (777X) / Value 3 satellites / Year on year against the same period last year +3 aircraft, Indicator name Units sold of Boeing aircraft work-share products (787) / Value 21 satellites / Year on year against the same period last year +16 aircraft, Indicator name V2500 major aero-engine workshare units delivered / Value 7 Units / Year on year against the same period last year +4 engines, Indicator name PW1100G major aero-engine workshare units delivered / Value 170 Units / Year on year against the same period last year +36 engines |
| Assumptions Underlying the Business Outlook | USD/JPY ¥150 / EUR/JPY ¥180 / Middle East situation Assumes economic activity will normalize by the end of September / U.S. tariff policy Incorporates regulations and tariff rates already in effect or expected to be applied as of 7 August 2026 |
| Risk amount incorporated into the outlook | Annual earnings impact from U.S. tariff policy ▲¥28.2 billion / Annual earnings impact from the situation in the Middle East Operating loss of ¥3.1 billion |
| Financial targets | After-tax ROIC Full-year forecast: 8.6% (previous forecast: 8.6%; previous fiscal year actual: 9.0%) |
| Capital expenditures | 261 Hundreds of millions of yen |
| Orders received and order backlog | Orders received ¥525.7 billion (year-ago period) / Order backlog Not disclosed |
| New initiatives | Rebuild the supply chain and production capacity to respond to strong demand, Improve operational efficiency and productivity to capture new business opportunities, Advance development of products for the Ministry of Defense and steadily fulfill volume-production contracts, Advance initiatives in the 7 priority areas for strengthening defense capabilities, Develop environmental technologies using the NEDO Green Innovation Fund |
Items this document does not state (10)
Progress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesMarket 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.First-quarter profit was driven by fixed-cost reductions, a refund of U.S. IEEPA tariffs, the weaker yen, and higher volumes in the Aerospace Systems and Precision Machinery & Robot segments. The upward revision to the full-year forecast reflects strong progress toward the profit target, lower U.S. tariff costs and the IEEPA tariff refund, reduced procurement risks amid the situation in the Middle East, and improved profitability in the Precision Machinery & Robot business.
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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