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Results briefing materials7224ShinMaywa Industries,LTD.Automobiles and transportation equipment

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027

For the interim period of the fiscal year ending March 2027, order intake and net sales reached record highs for an interim period, while operating profit rose significantly, exceeding both the year-earlier period and the internal plan. Based on interim results and the outlook, full-year forecasts for order intake, net sales, operating profit and ordinary profit were revised upward.

Worth reading
68In 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
1832
Millions of yen (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Results briefing materialsSecond quarter (interim period) 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¥134,524 million+9.4%
Operating profit¥6,410 million+40.0%
Ordinary income¥6,498 million+62.4%
Net income¥4,285 million+53.6%
Full-year earnings forecast
Orders received
¥344,000 million
Net Sales
¥312,000 million
Operating profit
¥17,500 million
Ordinary income
¥16,000 million
Profit attributable to owners of the parent
¥10,500 million
Order backlog
¥392,826 million
Annual dividend per share
¥58
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit exceeded the internal plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Volume and product mix
¥34 100 million
Impact of selling prices
¥19 100 million
Foreign Exchange Effects
¥9 100 million
Impact of raw material costs
¥-12 100 million
Impact of operating expenses
¥-22 100 million
Other factors
¥-10 100 million
Impact of the situation in the Middle East
¥0 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Exchange rate (US$1)¥150
    NotesAssumed exchange rate from November onward
  • Foreign exchange sensitivity¥0.4 100 million / increase in operating profit for each ¥1 depreciation of the yen
New initiatives
  • Strengthen efforts in the defense-related business focused on guided weapons and logistics
  • Participation in the design and prototyping of launchers for the Type 25 surface-to-ship guided missile and Type 25 high-speed glide missile, and preparation for mass production from the fiscal year ending March 2027
  • Rollout of logistics-related products, including mobile container bases
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received¥156,392 million
    Year on year against the same period last year+8.8%
  • Order backlog¥383,902 million
    Year on year against the same period last year+13.5%
  • Aircraft production volume: 777/777X20 satellites
    Year on year against the same period last yearInterim period of the fiscal year ending March 2026: 16 aircraft
  • Aircraft production volume: 78745 satellites
    Year on year against the same period last yearInterim period of the fiscal year ending March 2026: 29 aircraft
  • Aircraft production volume: G750021 satellites
    Year on year against the same period last yearInterim period of the fiscal year ending March 2026: 18 aircraft
  • Months of order backlog on hand (special-purpose vehicles)14.2 months
    Year on year against the same period last yearInterim period of the fiscal year ending March 2026: 14.1 months
Segment results
Special-Purpose Vehicles
Orders received
¥694 100 million
Net Sales
¥582 100 million
Operating profit
¥29 100 million
Parking Systems
Orders received
¥238 100 million
Net Sales
¥230 100 million
Operating profit
¥22 100 million
Industrial Machinery and Environmental Systems
Orders received
¥135 100 million
Net Sales
¥116 100 million
Operating profit
¥-6 100 million
Fluid systems
Orders received
¥183 100 million
Net Sales
¥111 100 million
Operating profit
¥4 100 million
Aircraft
Orders received
¥212 100 million
Net Sales
¥219 100 million
Operating profit
¥22 100 million
Other
Orders received
¥100 100 million
Net Sales
¥85 100 million
Operating profit
¥5 100 million
Medium-term management plan targets
  • PlanSG-2026
    TargetDOE of approximately 3%
  • PlanDefense-Related Business
    TargetNet sales of approximately ¥50 billion and a 10% operating margin target
    Target fiscal yearFiscal year ending March 2031
Financial targets
  • Equity ratio
    Target40% or more
    Actual results43.4%
  • Net debt-to-equity ratio
    TargetNo more than 0.5x
    Actual results0.18x
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
  • ¥-19 100 million
    DetailsImpact of the situation in the Middle East
  • ¥-18 100 million
    DetailsHigher raw material costs
  • ¥-83 100 million
    DetailsHigher operating expenses (personnel expenses, depreciation and amortization, etc.)
Orders received and order backlog
Orders received
¥156,392 million
Order backlog
¥383,902 million
Number of employees
Number of Employees7,575 people
As ofEnd-September 2026
Capital expenditures
¥160 billions forecast for the fiscal year ending March 2027
Annual Dividend
Annual dividend amount¥58
Contents of this document
ItemDetails
Document typeResults briefing materials
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2027
Net Sales¥134,524 million (YoY +9.4%)
Operating profit¥6,410 million (YoY +40.0%)
Ordinary income¥6,498 million (YoY +62.4%)
Net income¥4,285 million (YoY +53.6%)
Full-year earnings forecastOrders received ¥344,000 million / Net Sales ¥312,000 million / Operating profit ¥17,500 million / Ordinary income ¥16,000 million / Profit attributable to owners of the parent ¥10,500 million / Order backlog ¥392,826 million / Annual dividend per share ¥58
Self-assessment against the planOperating profit exceeded the internal plan
Segment resultsSpecial-Purpose Vehicles Orders received ¥694 100 million / Net Sales ¥582 100 million / Operating profit ¥29 100 million / Parking Systems Orders received ¥238 100 million / Net Sales ¥230 100 million / Operating profit ¥22 100 million / Industrial Machinery and Environmental Systems Orders received ¥135 100 million / Net Sales ¥116 100 million / Operating profit ¥-6 100 million / Fluid systems Orders received ¥183 100 million / Net Sales ¥111 100 million / Operating profit ¥4 100 million / Aircraft Orders received ¥212 100 million / Net Sales ¥219 100 million / Operating profit ¥22 100 million / Other Orders received ¥100 100 million / Net Sales ¥85 100 million / Operating profit ¥5 100 million
Breakdown of Factors Affecting the ChangeVolume and product mix ¥34 100 million / Impact of selling prices ¥19 100 million / Foreign Exchange Effects ¥9 100 million / Impact of raw material costs ¥-12 100 million / Impact of operating expenses ¥-22 100 million / Other factors ¥-10 100 million / Impact of the situation in the Middle East ¥0 100 million
Key KPIsIndicator name Orders received / Value ¥156,392 million / Year on year against the same period last year ¥8.8 million, Indicator name Order backlog / Value ¥383,902 million / Year on year against the same period last year ¥13.5 million, Indicator name Aircraft production volume: 777/777X / Value 20 satellites / Year on year against the same period last year Interim period of the fiscal year ending March 2026: 16 aircraft, Indicator name Aircraft production volume: 787 / Value 45 satellites / Year on year against the same period last year Interim period of the fiscal year ending March 2026: 29 aircraft, Indicator name Aircraft production volume: G7500 / Value 21 satellites / Year on year against the same period last year Interim period of the fiscal year ending March 2026: 18 aircraft, Indicator name Months of order backlog on hand (special-purpose vehicles) / Value 14.2 months / Year on year against the same period last year Interim period of the fiscal year ending March 2026: 14.1 months
Number of employeesNumber of Employees 7,575 people / As of End-September 2026
Assumptions Underlying the Business OutlookItem Exchange rate (US$1) / Value ¥150 / Notes Assumed exchange rate from November onward, Item Foreign exchange sensitivity / Value ¥0.4 100 million / increase in operating profit for each ¥1 depreciation of the yen
Risk amount incorporated into the outlookDetails Impact of the situation in the Middle East / Amount ¥-19 100 million, Details Higher raw material costs / Amount ¥-18 100 million, Details Higher operating expenses (personnel expenses, depreciation and amortization, etc.) / Amount ¥-83 100 million
Medium-term management plan targetsPlan SG-2026 / Target DOE of approximately 3% / Target fiscal year Not disclosed, Plan Defense-Related Business / Target Net sales of approximately ¥50 billion and a 10% operating margin target / Target fiscal year Fiscal year ending March 2031
Financial targetsItem Equity ratio / Target 40% or more / Actual results 43.4%, Item Net debt-to-equity ratio / Target No more than 0.5x / Actual results 0.18x
Annual DividendAnnual dividend amount ¥58 / Interim Not disclosed / End of period Not disclosed
Capital expenditures¥160 billions (forecast for the fiscal year ending March 2027)
Orders received and order backlogOrders received ¥156,392 million / Order backlog ¥383,902 million
New initiativesStrengthen efforts in the defense-related business focused on guided weapons and logistics, Participation in the design and prototyping of launchers for the Type 25 surface-to-ship guided missile and Type 25 high-speed glide missile, and preparation for mass production from the fiscal year ending March 2027, Rollout of logistics-related products, including mobile container bases
Items this document does not state (11)
Gross Profit MarginOperating 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 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 addition to profit growth from higher net sales, the increase was driven by volume and product-mix effects, the impact of selling-price revisions, higher revenue from aircraft and other products, and increased foreign exchange gains. Higher operating expenses, including personnel expenses, and higher raw material costs were factors reducing profit.

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Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | ShinMaywa Industries,LTD. (7224) timely disclosure | Komori