Worth reading
63In focus
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
220
¥100 million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,434 100 million+1.0%
Operating profit¥1,655 100 million+15.3%
Net income¥1,609 100 million+42.8%
Operating profit margin10.1 %
Results for the three months of the current quarter
Q4 FY2025
Operating profit in the aerospace and defense segment¥417 100 million
Full-year earnings forecast
Orders received
¥17,600 100 million
Revenue
¥18,300 100 million
Operating profit
¥2,400 100 million
Income before taxes
¥2,300 100 million
Profit attributable to owners of the parent
¥1,650 100 million
EBITDA
¥3,200 100 million
Operating cash flow
¥1,000 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Changes in the Business Environment99
Expansion of LCB32
Strengthening the cost structure144
Foreign-exchange volatility-101
Changes in selling, general and administrative expenses-251
Business restructuring-187
Other484
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed exchange rate
145 JPY/USD
USD/JPY sensitivity
¥20 100 million/¥1
New initiatives
- Capacity expansion in the commercial engine maintenance business
- R&D investment in next-generation engine businesses
- Investment to enhance manufacturing capabilities and productivity for nuclear pressure vessels and steel modules
- Investment in the development of next-generation nuclear reactors, including SMRs
- Investment in establishing an ammonia value chain
- R&D investment in the satellite constellation business
- Agreement to transfer the logistics and industrial systems business to Toyota Industries Corporation
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥19,547 100 million+11.6%
- Order backlog¥17,683 100 million+18.9%
- EBITDA¥2,418 100 million+12.2%
- EPS¥151.88 per share+42.7%
- ROIC11 %yoy_change_pt0.5
- ROE28.4 %yoy_change_pt2.1
- CCC109 daysyoy_change-6
Segment results
Resources, energy and environment
Revenue
¥3,767 100 million-8.4%
Operating profit
¥59 100 million-63.4%
Social infrastructure
Revenue
¥1,319 100 million-9.6%
Operating profit
¥37 100 million
Industrial systems and general-purpose machinery
Revenue
¥4,505 100 million-7.1%
Operating profit
¥307 100 million+184.3%
Aerospace and defense
Revenue
¥6,517 100 million+17.3%
Operating profit
¥1,124 100 million-8.4%
Medium-term management plan targets
Group Management Policy 2023
Operating profit margin7.5%
ROIC8% or higher
CCC100 days
Actual results
Operating profit margin10.1%
ROIC11.0%
CCC109 days
Financial targets
ROIC
Target8% or higher
Actual results11.0%
Debt-to-equity ratio
Actual results0.72x
Equity ratio attributable to owners of the parent
Actual results26.9%
ROE
Actual results28.4%
Orders received and order backlog
Orders received
¥19,547 100 million
Order backlog
¥17,683 100 million
Capital expenditures
¥976 100 million
Annual Dividend
Annual dividend per share¥20.0/share
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥16,434 100 million (YoY +1.0%) |
| Operating profit | ¥1,655 100 million (YoY +15.3%) |
| Net income | ¥1,609 100 million (YoY +42.8%) |
| Operating profit margin | 10.1 % |
| Results for the three months of the current quarter | Operating profit in the aerospace and defense segment ¥417 100 million / Subject Q4 FY2025 |
| Full-year earnings forecast | Orders received ¥17,600 100 million / Revenue ¥18,300 100 million / Operating profit ¥2,400 100 million / Income before taxes ¥2,300 100 million / Profit attributable to owners of the parent ¥1,650 100 million / EBITDA ¥3,200 100 million / Operating cash flow ¥1,000 100 million |
| Segment results | Resources, energy and environment Revenue ¥3,767 100 million (YoY -8.4%) / Operating profit ¥59 100 million (YoY -63.4%) / Social infrastructure Revenue ¥1,319 100 million (YoY -9.6%) / Operating profit ¥37 100 million / Industrial systems and general-purpose machinery Revenue ¥4,505 100 million (YoY -7.1%) / Operating profit ¥307 100 million (YoY +184.3%) / Aerospace and defense Revenue ¥6,517 100 million (YoY +17.3%) / Operating profit ¥1,124 100 million (YoY -8.4%) |
| Breakdown of Factors Affecting the Change | Operating profit Changes in the Business Environment 99 / Expansion of LCB 32 / Strengthening the cost structure 144 / Foreign-exchange volatility -101 / Changes in selling, general and administrative expenses -251 / Business restructuring -187 / Other 484 |
| Key KPIs | Orders received ¥19,547 100 million (YoY +11.6%), Order backlog ¥17,683 100 million (YoY +18.9%), EBITDA ¥2,418 100 million (YoY +12.2%), EPS ¥151.88 per share (YoY +42.7%), ROIC 11 %, ROE 28.4 %, CCC 109 days |
| Assumptions Underlying the Business Outlook | Assumed exchange rate 145 JPY/USD / USD/JPY sensitivity ¥20 100 million/¥1 |
| Medium-term management plan targets | Group Management Policy 2023 Operating profit margin 7.5% / ROIC 8% or higher / CCC 100 days / Actual results Operating profit margin 10.1% / ROIC 11.0% / CCC 109 days |
| Financial targets | ROIC Target 8% or higher / Actual results 11.0% / Debt-to-equity ratio Actual results 0.72x / Equity ratio attributable to owners of the parent Actual results 26.9% / ROE Actual results 28.4% |
| Annual Dividend | Annual dividend per share ¥20.0/share / Interim and Year-End Breakdown Not disclosed |
| Capital expenditures | ¥976 100 million |
| Orders received and order backlog | Orders received ¥19,547 100 million / Order backlog ¥17,683 100 million |
| New initiatives | Capacity expansion in the commercial engine maintenance business, R&D investment in next-generation engine businesses, Investment to enhance manufacturing capabilities and productivity for nuclear pressure vessels and steel modules, Investment in the development of next-generation nuclear reactors, including SMRs, Investment in establishing an ammonia value chain, R&D investment in the satellite constellation business, Agreement to transfer the logistics and industrial systems business to Toyota Industries Corporation |
Items this document does not state (13)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout 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.In FY2025, growth in the commercial engines, defense, and nuclear energy businesses, improved profitability, asset sales, the absence of one-time expenses and the reversal of provisions for doubtful accounts recognized in the previous fiscal year, and improved tax effects contributed to higher revenue and profit. Meanwhile, profitability deteriorated and restructuring expenses were incurred in the overseas energy business and other operations. In FY2026, the Company expects business expansion in commercial engines and defense, improved profitability in the energy business, and planned asset sales, while factoring in the reversal of the impact of large projects in the previous fiscal year, higher R&D and personnel expenses, foreign exchange effects, and buffers for geopolitical risks and restructuring.
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.