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
455
¥100 million (year-on-year increase in operating profit)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending March 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,793 billion+9.2%
Operating profit¥1,149 billion+65.6%
Net income¥849 100 million +51.9%interim profit attributable to owners of the parent
Operating profit margin14.8 %+5.1%
Full-year earnings forecast
Orders received
¥18,900 billion
Revenue
¥18,800 billion
Operating profit excluding real estate sales
¥1,770 billion
Operating profit
¥2,700 billion
Pretax profit
¥2,600 billion
Profit attributable to owners of the parent
¥1,850 billion
EBITDA
¥3,500 billion
Annual Dividend
¥25 per share
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Real estate sales were also executed as planned, resulting in record-high profit.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Changes in the Business Environment¥113 billion
- Expansion of LCB¥68 billion
- Strengthening the cost structure¥58 billion
- Foreign-exchange volatility¥134 billion
- Changes in selling, general and administrative expenses¥-75 billion
- Business Structural Reform¥-140 billion
- Other¥298 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Assumed exchange rate (USD)150 JPY/USD
- Foreign exchange sensitivity¥10 100 million impact of a ¥1 exchange-rate movement on operating profit in Q3-Q4
New initiatives
- Optimizing the business portfolio and promoting business transfers
- Growth investment and business expansion in commercial engines, defense, nuclear power and the LCB business
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥7,787 billionYear on year against the same period last year-12.8%
- Operating Cash Flow¥-650 billionYear on year against the same period last year-78.0%
- Free cash flow¥-560 billionYear on year against the same period last year+240.0%
- D/E ratio0.75 timesYear on year against the same period last yearDown 0.03pt
- Equity ratio attributable to owners of the parent28.4 %Year on year against the same period last yearUp 1.5pt
- Issuer and bond credit ratings (JCR)A+Year on year against the same period last yearUp one notch from A
Segment results
- Resources, energy and environmentOrders received¥1,780 billion (YoY -45.4%)Revenue¥1,787 billion (YoY +12.3%)Operating profit¥7 billion (YoY +800.0%)
- Social infrastructureOrders received¥249 billion (YoY -57.9%)Revenue¥393 billion (YoY -33.6%)Operating profit¥-44 billion (YoY -33.3%)
- Industrial systems and general-purpose machineryOrders received¥2,266 billion (YoY +1.4%)Revenue¥2,105 billion (YoY +0.5%)Operating profit¥114 billion (YoY -32.9%)
- Aerospace and defenseOrders received¥3,314 billion (YoY +22.6%)Revenue¥3,348 billion (YoY +22.2%)Operating profit¥722 billion (YoY +32.0%)
Orders received and order backlog
Orders received
¥7,787 billion
Capital expenditures
¥329 100 million cumulative through Q2, included in investing cash flow
Annual Dividend
Annual¥25 per share
Interim¥11.5 per share
End of period¥13.5 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2026 |
| Net Sales | ¥7,793 billion (YoY +9.2%) |
| Operating profit | ¥1,149 billion (YoY +65.6%) |
| Net income | ¥849 100 million (interim profit attributable to owners of the parent) (YoY +51.9%) |
| Operating profit margin | 14.8 % (YoY +5.1%) |
| Full-year earnings forecast | Orders received ¥18,900 billion / Revenue ¥18,800 billion / Operating profit excluding real estate sales ¥1,770 billion / Operating profit ¥2,700 billion / Pretax profit ¥2,600 billion / Profit attributable to owners of the parent ¥1,850 billion / EBITDA ¥3,500 billion / Annual Dividend ¥25 per share |
| Self-assessment against the plan | Real estate sales were also executed as planned, resulting in record-high profit. |
| Segment results | Segment Resources, energy and environment / Orders received ¥1,780 billion (YoY -45.4%) / Revenue ¥1,787 billion (YoY +12.3%) / Operating profit ¥7 billion (YoY +800.0%), Segment Social infrastructure / Orders received ¥249 billion (YoY -57.9%) / Revenue ¥393 billion (YoY -33.6%) / Operating profit ¥-44 billion (YoY -33.3%), Segment Industrial systems and general-purpose machinery / Orders received ¥2,266 billion (YoY +1.4%) / Revenue ¥2,105 billion (YoY +0.5%) / Operating profit ¥114 billion (YoY -32.9%), Segment Aerospace and defense / Orders received ¥3,314 billion (YoY +22.6%) / Revenue ¥3,348 billion (YoY +22.2%) / Operating profit ¥722 billion (YoY +32.0%) |
| Breakdown of Factors Affecting the Change | Factors Changes in the Business Environment / Amount ¥113 billion, Factors Expansion of LCB / Amount ¥68 billion, Factors Strengthening the cost structure / Amount ¥58 billion, Factors Foreign-exchange volatility / Amount ¥134 billion, Factors Changes in selling, general and administrative expenses / Amount ¥-75 billion, Factors Business Structural Reform / Amount ¥-140 billion, Factors Other / Amount ¥298 billion |
| Key KPIs | Indicator name Orders received / Value ¥7,787 billion / Year on year against the same period last year ¥-12.8 billion, Indicator name Operating Cash Flow / Value ¥-650 billion / Year on year against the same period last year ¥-78 billion, Indicator name Free cash flow / Value ¥-560 billion / Year on year against the same period last year ¥240 billion, Indicator name D/E ratio / Value 0.75 times / Year on year against the same period last year Down 0.03pt, Indicator name Equity ratio attributable to owners of the parent / Value 28.4 % / Year on year against the same period last year Up 1.5pt, Indicator name Issuer and bond credit ratings (JCR) / Value A+ / Year on year against the same period last year Up one notch from A |
| Assumptions Underlying the Business Outlook | Item Assumed exchange rate (USD) / Value 150 JPY/USD, Item Foreign exchange sensitivity / Value ¥10 100 million (impact of a ¥1 exchange-rate movement on operating profit in Q3-Q4) |
| Annual Dividend | Annual ¥25 per share / Interim ¥11.5 per share / End of period ¥13.5 per share |
| Capital expenditures | ¥329 100 million (cumulative through Q2, included in investing cash flow) |
| Orders received and order backlog | Orders received ¥7,787 billion / Order backlog Not disclosed |
| New initiatives | Optimizing the business portfolio and promoting business transfers, Growth investment and business expansion in commercial engines, defense, nuclear power and the LCB business |
Items this document does not state (15)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout 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.Expanding demand for commercial engines, defense and nuclear power, and LCB products such as carbon solutions and prime movers, improved construction profitability, higher selling prices and cost reductions, foreign exchange effects, and gains on real estate sales.
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.