Worth reading
43Recurring
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
5910
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥22,179 million+36.3%
Operating profit¥214 million-37.0%
Ordinary income¥295 million-24.3%
Net income¥103 million-62.4%
Full-year earnings forecast
Net Sales
¥53,000 million
Operating profit
¥400 million
Ordinary income
¥400 million
Extraordinary income
¥2,500 million
Extraordinary loss
¥570 million
Profit before income taxes
¥2,400 million
Profit attributable to owners of the parent
¥1,900 million
Earnings per share
¥276.16
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
First-half results¥157.35 per US dollar
Second-half forecast¥145.00 per US dollar
Full-year forecast¥145.00 per US dollar
New initiatives
- Consolidation of manufacturing sites for the North American business through the sale of the Piscataway factory in the eastern United States
- Restoration work, including the reinstallation of the paint booth damaged by the fire
- Rolling out internal discussion sessions for female regular employees
Key KPIsA metric the company considers important as a management benchmark.
- Orders received during the period¥1,227 100 million
- Order backlog at period-end¥302 100 million
Segment results
Railway Rolling Stock (Japan)
Net Sales
¥7,705 million
Year-on-year change in revenue-31.5
Operating profit
¥987 million
Year-on-year change in operating profit60.5
Railway Rolling Stock (United States)
Net Sales
¥4,059 million
Year-on-year change in revenue-2.3
Operating profit
¥-568 million
Railway Rolling Stock (Other)
Net Sales
¥9,984 million
Year-on-year change in revenue2,163.9
Operating profit
¥30 million
Year-on-year change in operating profit20.8
Real Estate Leasing
Net Sales
¥429 million
Year-on-year change in revenue2.4
Operating profit
¥378 million
Year-on-year change in operating profit3
Orders received and order backlog
Orders received during the period
¥1,227 100 million
Order backlog at period-end
¥302 100 million
Number of employees
Number of EmployeesApproximately 1,000 (The Kinki Sharyo Co., Ltd.), approximately 250 (KINKISHARYO International, L.L.C.)
Capital expenditures
¥4.5 100 million
Annual Dividend
Maintain a dividend of at least ¥50 per share; for the fiscal year ending March 2027, no interim dividend will be paid and the full amount will be paid at the fiscal year-end.| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥22,179 million (YoY +36.3%) |
| Operating profit | ¥214 million (YoY -37.0%) |
| Ordinary income | ¥295 million (YoY -24.3%) |
| Net income | ¥103 million (YoY -62.4%) |
| Full-year earnings forecast | Net Sales ¥53,000 million / Operating profit ¥400 million / Ordinary income ¥400 million / Extraordinary income ¥2,500 million / Extraordinary loss ¥570 million / Profit before income taxes ¥2,400 million / Profit attributable to owners of the parent ¥1,900 million / Earnings per share ¥276.16 |
| Segment results | Railway Rolling Stock (Japan) Net Sales ¥7,705 million / Year-on-year change in revenue -31.5 / Operating profit ¥987 million / Year-on-year change in operating profit 60.5 / Railway Rolling Stock (United States) Net Sales ¥4,059 million / Year-on-year change in revenue -2.3 / Operating profit ¥-568 million / Year-on-year change in operating profit Not disclosed / Railway Rolling Stock (Other) Net Sales ¥9,984 million / Year-on-year change in revenue 2,163.9 / Operating profit ¥30 million / Year-on-year change in operating profit 20.8 / Real Estate Leasing Net Sales ¥429 million / Year-on-year change in revenue 2.4 / Operating profit ¥378 million / Year-on-year change in operating profit 3 |
| Key KPIs | Indicator name Orders received during the period / Value ¥1,227 100 million / Year on year against the same period last year Not disclosed, Indicator name Order backlog at period-end / Value ¥302 100 million / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees Approximately 1,000 (The Kinki Sharyo Co., Ltd.), approximately 250 (KINKISHARYO International, L.L.C.) / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Exchange rate First-half results ¥157.35 per US dollar / Second-half forecast ¥145.00 per US dollar / Full-year forecast ¥145.00 per US dollar |
| Annual Dividend | Maintain a dividend of at least ¥50 per share; for the fiscal year ending March 2027, no interim dividend will be paid and the full amount will be paid at the fiscal year-end. |
| Capital expenditures | ¥4.5 100 million |
| Orders received and order backlog | Orders received during the period ¥1,227 100 million / Order backlog at period-end ¥302 100 million |
| New initiatives | Consolidation of manufacturing sites for the North American business through the sale of the Piscataway factory in the eastern United States, Restoration work, including the reinstallation of the paint booth damaged by the fire, Rolling out internal discussion sessions for female regular employees |
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsRisk 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.Revenue increased due to progress on work for the Cairo Metro Line 4 project in Egypt and the Los Angeles County Metropolitan Transportation Authority B Line project in the United States. On the earnings side, cost reductions and price pass-through contributed, while revenue from the New Jersey Transit maintenance project in the United States declined due to a change in the vehicles subject to maintenance, and an extraordinary loss was incurred due to a disaster. The upward revision to the full-year forecast reflects cost reductions from improved productivity, price pass-through and gains on the sale of the Piscataway factory in the eastern United States, all of which exceeded expectations.
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.