Worth reading
91Important
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
4757
¥ million (year-on-year increase in consolidated revenue for the first half)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFY2026 second quarter12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥82,268 million+6.1%
Operating profit¥5,576 million+3.4%
Ordinary income¥5,959 million+5.0%
Net income¥4,335 million+5.9%
Operating profit margin
Rate6.8
Results for the three months of the current quarter
Net Sales
¥425 hundred million
Operating profit
¥28 hundred million
Full-year earnings forecast
Net Sales
¥168,000 million
Operating profit
¥11,900 million
Ordinary income
¥12,800 million
Net income
¥8,600 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in net sales193
Material price fluctuations-501
Operating costs-149
Variable labor costs-84
Depreciation and amortization-217
Research expenses82
Personnel Expenses-542
Rent expense-34
Foreign-Exchange Gains and Losses-53
U.S. subsidiary394
European subsidiary118
Asian subsidiaries-43
Chinese Subsidiaries161
Domestic Subsidiary43
Equity method-16
Other-307
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD/yen158.5
THB/JPY4.95
CNY/JPY22.99
CZK/JPY7.52
IDR/JPY0.01
VND/JPY0.01
EUR/yen183.49
New initiatives
- Completion of the U.S. production transfer project and expansion of local production
- Expansion of manufacturing facilities in North America, Europe and Kyushu
- Expansion of global orders for multifunctional Rad products
- Expansion into new business areas, including data centers, drones, space and humanoid robots
Key KPIsA metric the company considers important as a management benchmark.
Tariff recovery rate through price pass-through
85 %+5.0%
Confirmed order units for multifunctional Rad
87 10,000 units
Required number of heat exchangers
ICE2–6 units
HEV・PHEV4–9 units
FCEV5–7 units
BEV3–7 units
Capital expenditures
¥4,246 million+40.1%
Depreciation and amortization
¥2,996 million+20.7%
Segment results
Japan
Net Sales
¥37,841 million+2.0%
Operating profit
¥1,035 million-52.2%
United States
Net Sales
¥23,826 million+13.9%
Operating profit
¥655 million+84.7%
Europe
Net Sales
¥2,790 million+12.4%
Operating profit
¥95 million
Asia
Net Sales
¥11,876 million+8.7%
Operating profit
¥2,943 million+33.3%
China
Net Sales
¥5,781 million-2.8%
Operating profit
¥591 million+1.9%
Other
Net Sales
¥151 million-0.7%
Operating profit
¥254 million+150.5%
Medium-term management plan targets
Net Sales
¥2,000 hundred million
Target fiscal yearFY2030
ROE
20 %
Target fiscal yearFY2030
Financial targets
ROE
Target value20 %
Actual value15.6 %
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Impact of material costs in domestic operations¥-3 hundred million
Downside to the US business forecast for tariffs, etc.¥-3 hundred million
Replacement and disposal of the former production management system¥-3 hundred million
Capital expenditures
¥4,246 million
Annual Dividend
¥82 per share
Interim41
End of period41
Payout ratio
54Acquisition of treasury shares
FY2026 Forecast
¥0 million
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | FY2026 second quarter |
| Net Sales | ¥82,268 million (YoY +6.1%) |
| Operating profit | ¥5,576 million (YoY +3.4%) |
| Ordinary income | ¥5,959 million (YoY +5.0%) |
| Net income | ¥4,335 million (YoY +5.9%) |
| Operating profit margin | Rate 6.8 / Year-on-year change (points) Not disclosed |
| Results for the three months of the current quarter | Net Sales ¥425 hundred million / Operating profit ¥28 hundred million |
| Full-year earnings forecast | Net Sales ¥168,000 million / Operating profit ¥11,900 million / Ordinary income ¥12,800 million / Net income ¥8,600 million |
| Segment results | Japan Net Sales ¥37,841 million (YoY +2.0%) / Operating profit ¥1,035 million (YoY -52.2%) / United States Net Sales ¥23,826 million (YoY +13.9%) / Operating profit ¥655 million (YoY +84.7%) / Europe Net Sales ¥2,790 million (YoY +12.4%) / Operating profit ¥95 million / Asia Net Sales ¥11,876 million (YoY +8.7%) / Operating profit ¥2,943 million (YoY +33.3%) / China Net Sales ¥5,781 million (YoY -2.8%) / Operating profit ¥591 million (YoY +1.9%) / Other Net Sales ¥151 million (YoY -0.7%) / Operating profit ¥254 million (YoY +150.5%) |
| Breakdown of Factors Affecting the Change | Change in net sales 193 / Material price fluctuations -501 / Operating costs -149 / Variable labor costs -84 / Depreciation and amortization -217 / Research expenses 82 / Personnel Expenses -542 / Rent expense -34 / Foreign-Exchange Gains and Losses -53 / U.S. subsidiary 394 / European subsidiary 118 / Asian subsidiaries -43 / Chinese Subsidiaries 161 / Domestic Subsidiary 43 / Equity method -16 / Other -307 |
| Key KPIs | Tariff recovery rate through price pass-through 85 % (YoY +5.0%) / Confirmed order units for multifunctional Rad 87 10,000 units / Required number of heat exchangers ICE 2–6 units / HEV・PHEV 4–9 units / FCEV 5–7 units / BEV 3–7 units / Capital expenditures ¥4,246 million (YoY +40.1%) / Depreciation and amortization ¥2,996 million (YoY +20.7%) |
| Assumptions Underlying the Business Outlook | USD/yen 158.5 / THB/JPY 4.95 / CNY/JPY 22.99 / CZK/JPY 7.52 / IDR/JPY 0.01 / VND/JPY 0.01 / EUR/yen 183.49 |
| Risk amount incorporated into the outlook | Impact of material costs in domestic operations ¥-3 hundred million / Downside to the US business forecast for tariffs, etc. ¥-3 hundred million / Replacement and disposal of the former production management system ¥-3 hundred million |
| Medium-term management plan targets | Net Sales ¥2,000 hundred million / ROE 20 % |
| Financial targets | ROE Target value 20 % / Actual value 15.6 % |
| Annual Dividend | ¥82 per share |
| Payout ratio | 54 |
| Acquisition of treasury shares | FY2026 Forecast ¥0 million |
| Capital expenditures | ¥4,246 million |
| New initiatives | Completion of the U.S. production transfer project and expansion of local production, Expansion of manufacturing facilities in North America, Europe and Kyushu, Expansion of global orders for multifunctional Rad products, Expansion into new business areas, including data centers, drones, space and humanoid robots |
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesOrders received and order backlogMarket 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 half, orders for automotive and construction machinery applications increased in Japan and overseas. Overseas, profit increased in the United States, Europe and Asia, and cost-reduction initiatives had a positive impact. In Japan, however, major material costs rose, while in the United States, expected tariff costs and weaker-than-expected results from cost-reduction initiatives had a negative impact. The full-year forecast was revised based on the latest sales plans of business partners and the accelerated retirement of the legacy system associated with the renewal of the production management system.
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.