Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-2263
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥23,898 million-7.8%
Operating profit¥1,268 million-64.1%
Ordinary income¥1,508 million-56.7%
Net income¥1,177 million-47.8%
Gross Profit Margin26.8
Operating profit margin5.3
Selling, general and administrative expenses¥5,126 million
Full-year earnings forecast
Net Sales
¥26,500 million
Operating profit
¥1,900 million
Ordinary income
¥1,900 million
Net income for the current fiscal year
¥1,300 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesTransportation Equipment business: −¥1,654 million; Industrial Equipment business: −¥378 million
Operating profitRevenue factor: revenue down 7.8% year on year; cost factor: increase in provisions for order losses; SG&A factor: increases in service expenses and personnel expenses
Selling, general and administrative expensesService expenses +¥75 million; directors' remuneration +¥36 million; transportation expenses −¥35 million
New initiatives
- G-SUPPORT, a system for improving waste collection efficiency jointly developed with ShinMaywa Industries
- Waste collection demonstration project in Nagoya City
- Continued rollout of the FUJI NAVI app, an entry management system on the Shizuoka Prefecture side
- Expansion of MoveLe, an integrated solution for public transportation
- Expansion of the growth investment budget for research and development and potential M&A
Key KPIsA metric the company considers important as a management benchmark.
Consolidated number of employees
721 People
Cumulative U.S. farebox orders
3,328 Units
Number of U.S. route buses
65,000 Units
Annual order acquisition target
1,200 units
MoveLe 2030 revenue target
35 Hundreds of millions of yen
Segment results
Transportation Equipment Business
Net Sales
¥20,034 million-7.6%
Operating profit
¥1,190 million-65.2%
Industrial Equipment business (energy management systems business)
Net Sales
¥3,825 million-9.0%
Operating profit
¥137 million-9.8%
Other Businesses
Net Sales
¥37 million0.0%
Operating profit
¥3 million-42.7%
Medium-term management plan targets
Fiscal year ending March 2027
Net Sales
¥24,000 million
Operating profit
¥1,200 million
VISION2030
Fiscal year2,031
Financial targets
Equity ratio
Actual value50.6 %
Market Size / Share
Number of U.S. route buses
65,000 Units
Target U.S. AFC market share by 2030
10 %
Target number of vehicles to be secured by 2030
6,500 Units
Number of employees
721 People
Capital expenditures
¥345 million
Annual Dividend
Fiscal year ending March 2026
Annual¥24 per share
Forecast for the fiscal year ending March 2027
Annual¥26 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥23,898 million (YoY -7.8%) |
| Operating profit | ¥1,268 million (YoY -64.1%) |
| Ordinary income | ¥1,508 million (YoY -56.7%) |
| Net income | ¥1,177 million (YoY -47.8%) |
| Gross Profit Margin | 26.8 |
| Operating profit margin | 5.3 |
| Selling, general and administrative expenses | ¥5,126 million |
| Full-year earnings forecast | Net Sales ¥26,500 million / Operating profit ¥1,900 million / Ordinary income ¥1,900 million / Net income for the current fiscal year ¥1,300 million |
| Segment results | Transportation Equipment Business Net Sales ¥20,034 million (YoY -7.6%) / Operating profit ¥1,190 million (YoY -65.2%) / Industrial Equipment business (energy management systems business) Net Sales ¥3,825 million (YoY -9.0%) / Operating profit ¥137 million (YoY -9.8%) / Other Businesses Net Sales ¥37 million (YoY 0.0%) / Operating profit ¥3 million (YoY -42.7%) |
| Breakdown of Factors Affecting the Change | Net Sales Transportation Equipment business: −¥1,654 million; Industrial Equipment business: −¥378 million / Operating profit Revenue factor: revenue down 7.8% year on year; cost factor: increase in provisions for order losses; SG&A factor: increases in service expenses and personnel expenses / Selling, general and administrative expenses Service expenses +¥75 million; directors' remuneration +¥36 million; transportation expenses −¥35 million |
| Key KPIs | Consolidated number of employees 721 People / Cumulative U.S. farebox orders 3,328 Units / Number of U.S. route buses 65,000 Units / Annual order acquisition target 1,200 units / MoveLe 2030 revenue target 35 Hundreds of millions of yen |
| Number of employees | 721 People |
| Medium-term management plan targets | Fiscal year ending March 2027 Net Sales ¥24,000 million / Operating profit ¥1,200 million / VISION2030 Fiscal year 2,031 / Net Sales Not disclosed |
| Financial targets | ROE Not disclosed / ROIC Not disclosed / D/E ratio Not disclosed / Equity ratio Actual value 50.6 % |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥24 per share / Forecast for the fiscal year ending March 2027 Annual ¥26 per share |
| Capital expenditures | ¥345 million |
| Market Size / Share | Number of U.S. route buses 65,000 Units / Target U.S. AFC market share by 2030 10 % / Target number of vehicles to be secured by 2030 6,500 Units |
| New initiatives | G-SUPPORT, a system for improving waste collection efficiency jointly developed with ShinMaywa Industries, Waste collection demonstration project in Nagoya City, Continued rollout of the FUJI NAVI app, an entry management system on the Shizuoka Prefecture side, Expansion of MoveLe, an integrated solution for public transportation, Expansion of the growth investment budget for research and development and potential M&A |
Items this document does not state (11)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders received and order backlogKey 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 declined in the bus market due to lower sales related to the introduction of new banknotes, as well as lower sales of fareboxes and IC card readers/writers. In the railway market, sales related to the introduction of new banknotes and sales of LED lighting fixtures for trains destined for the United States also declined. In the Industrial Equipment business, sales of chargers for battery-powered forklifts and LED power supplies decreased. Meanwhile, EMS automotive printed circuit board assembly sales increased. The decline in operating profit was attributed to the decrease in revenue, along with higher provisions for order losses related to strategic projects undertaken with a view to future growth, service expenses and personnel expenses.
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.