Worth reading
78Important
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
5042
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥62,708 million+8.7%
Operating profit¥2,049 million+43.6%
Ordinary income¥2,738 million+82.5%
Net income¥1,876 million +107.5%profit attributable to owners of the parent
Results for the three months of the current quarter
Net Sales
¥62,708 million
Operating profit
¥2,049 million
Ordinary income
¥2,738 million
Net income
¥1,876 million profit attributable to owners of the parent
Full-year earnings forecast
Orders received
¥330,000 million
Net Sales
¥310,000 million
Operating profit
¥17,000 million
Ordinary income
¥15,500 million
Net income
¥10,500 million net income attributable to owners of the parent
Order backlog
¥380,826 million
Annual Dividend
¥58
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating income exceeded both the year-earlier quarter and the internal planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
Volume and product mix+¥2.5 billion
Impact of selling prices+¥0.8 billion
Foreign Exchange Effects+¥500 million
Impact of raw material costs-¥1.1 billion
Impact of operating expenses-¥1.5 billion
Other factors-¥100 million
Impact of the situation in the Middle East-¥500 million
Year-on-year change in full-year operating income forecast
Volume and product mix+¥6.6 billion
Impact of selling prices+¥4.6 billion
Foreign Exchange Effects+¥0
Impact of raw material costs-¥2 billion
Impact of operating expenses-¥8.3 billion
Other factors+¥1.3 billion
Impact of the situation in the Middle East-¥1.5 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate¥150.0/US dollar (from August onward)
Middle East situationAssumes the situation will be resolved in September
Foreign exchange sensitivityA ¥1 depreciation against the US dollar increases operating income by approximately ¥60 million
New initiatives
- Procurement measures in response to the situation in the Middle East
- Strengthen efforts in the defense-related business focused on guided weapons and logistics
- Expand participation in the development of new guided missile areas and orders for mass-produced products
- Adoption of mobile container-based systems by the Japan Air Self-Defense Force and rollout of related products
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥73,175 millionYear on year against the same period last year△1.5%
- Order backlog¥372,245 millionYear on year against the same period last year＋11.5%
- Aircraft 777/777X production units7 satellitesYear on year against the same period last year7 units in the year-earlier quarter
- Aircraft 787 production units23 satellitesYear on year against the same period last year13 units in the year-earlier quarter
- Aircraft G7500 production units11 satellitesYear on year against the same period last year9 units in the year-earlier quarter
- Equity ratio43.3 %
- Net debt-to-equity ratio0.12 times
Segment results
Special-Purpose Vehicles
Orders received
¥360 million
yoy-¥6.8 billion
Net Sales
¥279 million
yoy+¥2.3 billion
Operating profit
¥14 million
yoy+¥200 million
Parking Systems
Orders received
¥115 million
yoy+¥300 million
Net Sales
¥110 million
yoy+¥500 million
Operating profit
¥9 million
yoy+¥0
Industrial Machinery and Environmental Systems
Orders received
¥85 million
yoyUp ¥1.5 billion
Net Sales
¥52 million
yoy-¥100 million
Operating profit
¥-4 million
yoy-¥400 million
Fluid systems
Orders received
¥89 million
yoy+¥1.2 billion
Net Sales
¥51 million
yoy+¥500 million
Operating profit
¥0 million
yoy+¥0
Aircraft
Orders received
¥47 million
yoyUp ¥1.5 billion
Net Sales
¥97 million
yoy+¥1.7 billion
Operating profit
¥9 million
yoy+¥0.6 billion
Other
Orders received
¥33 million
yoy+¥900 million
Net Sales
¥34 million
yoy-¥0.0 billion
Operating profit
¥1 million
yoy-¥0.0 billion
Medium-term management plan targets
Medium-Term Management PlanSG-2026
DOEApproximately 3%
Defense-Related Business
Net Sales¥500 million
Target fiscal yearFiscal year ending March 2031
Operating profit marginTarget of 10%
Financial targets
Equity ratio40% or more
Net debt-to-equity ratioNo more than 0.5x
Actual results
Equity ratio43.3% (end of the first quarter of the fiscal year ending March 2027)
Net debt-to-equity ratio0.12x (end of the first quarter of the fiscal year ending March 2027)
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Impact of the situation in the Middle East-¥1.5 billion (lower sales of certain products due to difficulties procuring hydraulic oil, higher procurement prices for paint and components, etc.)
Orders received and order backlog
Orders received
¥73,175 million first-quarter actual
Order backlog
¥372,245 million at the end of the first quarter
Number of employees
Number of Employees7,539 people consolidated, as of the end of June 2026
Capital expenditures
¥170 100 million full-year forecast) / ¥900 million (first-quarter actual
Annual Dividend
Annual¥58 per share
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥62,708 million (YoY +8.7%) |
| Operating profit | ¥2,049 million (YoY +43.6%) |
| Ordinary income | ¥2,738 million (YoY +82.5%) |
| Net income | ¥1,876 million (profit attributable to owners of the parent) (YoY +107.5%) |
| Results for the three months of the current quarter | Net Sales ¥62,708 million / Operating profit ¥2,049 million / Ordinary income ¥2,738 million / Net income ¥1,876 million (profit attributable to owners of the parent) |
| Full-year earnings forecast | Orders received ¥330,000 million / Net Sales ¥310,000 million / Operating profit ¥17,000 million / Ordinary income ¥15,500 million / Net income ¥10,500 million (net income attributable to owners of the parent) / Order backlog ¥380,826 million / Annual Dividend ¥58 |
| Self-assessment against the plan | Operating income exceeded both the year-earlier quarter and the internal plan |
| Segment results | Special-Purpose Vehicles Orders received ¥360 million / Net Sales ¥279 million / Operating profit ¥14 million / Parking Systems Orders received ¥115 million / Net Sales ¥110 million / Operating profit ¥9 million / Industrial Machinery and Environmental Systems Orders received ¥85 million / Net Sales ¥52 million / Operating profit ¥-4 million / Fluid systems Orders received ¥89 million / Net Sales ¥51 million / Operating profit ¥0 million / Aircraft Orders received ¥47 million / Net Sales ¥97 million / Operating profit ¥9 million / Other Orders received ¥33 million / Net Sales ¥34 million / Operating profit ¥1 million |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit Volume and product mix +¥2.5 billion / Impact of selling prices +¥0.8 billion / Foreign Exchange Effects +¥500 million / Impact of raw material costs -¥1.1 billion / Impact of operating expenses -¥1.5 billion / Other factors -¥100 million / Impact of the situation in the Middle East -¥500 million / Year-on-year change in full-year operating income forecast Volume and product mix +¥6.6 billion / Impact of selling prices +¥4.6 billion / Foreign Exchange Effects +¥0 / Impact of raw material costs -¥2 billion / Impact of operating expenses -¥8.3 billion / Other factors +¥1.3 billion / Impact of the situation in the Middle East -¥1.5 billion |
| Key KPIs | Indicator name Orders received / Value ¥73,175 million / Year on year against the same period last year △1.5%, Indicator name Order backlog / Value ¥372,245 million / Year on year against the same period last year ＋11.5%, Indicator name Aircraft 777/777X production units / Value 7 satellites / Year on year against the same period last year 7 units in the year-earlier quarter, Indicator name Aircraft 787 production units / Value 23 satellites / Year on year against the same period last year 13 units in the year-earlier quarter, Indicator name Aircraft G7500 production units / Value 11 satellites / Year on year against the same period last year 9 units in the year-earlier quarter, Indicator name Equity ratio / Value 43.3 % / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-equity ratio / Value 0.12 times / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 7,539 people (consolidated, as of the end of June 2026) / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Exchange rate ¥150.0/US dollar (from August onward) / Middle East situation Assumes the situation will be resolved in September / Foreign exchange sensitivity A ¥1 depreciation against the US dollar increases operating income by approximately ¥60 million |
| Risk amount incorporated into the outlook | Impact of the situation in the Middle East -¥1.5 billion (lower sales of certain products due to difficulties procuring hydraulic oil, higher procurement prices for paint and components, etc.) |
| Medium-term management plan targets | Medium-Term Management Plan SG-2026 / DOE Approximately 3% / Target fiscal year Not disclosed / Defense-Related Business Net Sales ¥500 million / Target fiscal year Fiscal year ending March 2031 / Operating profit margin Target of 10% |
| Financial targets | Equity ratio 40% or more / Net debt-to-equity ratio No more than 0.5x / Actual results Equity ratio 43.3% (end of the first quarter of the fiscal year ending March 2027) / Net debt-to-equity ratio 0.12x (end of the first quarter of the fiscal year ending March 2027) |
| Annual Dividend | Annual ¥58 per share / Interim Not disclosed / End of period Not disclosed |
| Capital expenditures | ¥170 100 million (full-year forecast) / ¥900 million (first-quarter actual) |
| Orders received and order backlog | Orders received ¥73,175 million (first-quarter actual) / Order backlog ¥372,245 million (at the end of the first quarter) |
| New initiatives | Procurement measures in response to the situation in the Middle East, Strengthen efforts in the defense-related business focused on guided weapons and logistics, Expand participation in the development of new guided missile areas and orders for mass-produced products, Adoption of mobile container-based systems by the Japan Air Self-Defense Force and rollout of related products |
Items this document does not state (10)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsPayout 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 the first quarter, operating income increased on higher sales, while ordinary income and net income also rose due to higher foreign exchange gains. Factors contributing to higher earnings included volume and product mix, the impact of selling-price revisions and foreign exchange effects, while operating expenses, raw material costs and the impact of the situation in the Middle East were cited as factors reducing earnings. The full-year forecast reflects a revision of the impact of the situation in the Middle East from a ¥1.0 billion reduction to a ¥1.5 billion reduction, as well as the foreign exchange impact and other factors from the first quarter, leaving the profit forecasts unchanged.
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