Worth reading
51Recurring
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
88.6
%Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedIFRSNet Sales1,497,989¥ millionYear on year +17.2%Progress 51.7%
Operating profit158,476¥ millionYear on year +88.6%Progress 61.0%
Ordinary income159,487¥ millionYear on year +92.5%
Net income attributable to owners of the parent113,900¥ millionYear on year +114.7%Progress 67.0%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥117.37
Financial position at period-end
Total assets3,021,226¥ million
of which net assets 1,292,919 ¥ millionEquity ratio 41.4%vs. prior year-end +2.4pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+153,392
Investment-50,820
Financials-110,800
Net change-8,228
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥401,459 million
Segment revenueLand Mobility ¥984,558 million (YoY +21.8%), Marine ¥300,669 million (YoY +7.4%), Outdoor Land Vehicles ¥80,289 million (YoY +3.3%), Robotics ¥60,120 million (YoY +24.5%), Financial Services ¥63,638 million (YoY +18.1%), Other ¥8,713 million (YoY -11.6%)
Segment profitLand Mobility ¥112,731 million (YoY +89.8%), Marine ¥46,042 million (YoY +18.3%), Outdoor Land Vehicles ¥-11,981 million, Robotics ¥3,665 million, Financial Services ¥12,127 million (YoY +50.6%), Other ¥-4,107 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥2,900,000 million (YoY +14.4%)
Operating profit¥260,000 million (YoY +105.7%)
Ordinary incomeNot disclosed
Net income¥170,000 million (YoY +955.3%)
Revision to Earnings ForecastWhether revised Yes / Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed
Annual Dividend Forecast¥35 → ¥50
Factors Behind Changes in Business Performance
Sales increased, primarily of motorcycles, resulting in higher revenue. Operating profit increased despite the impact of U.S. tariffs and higher procurement costs, owing to higher unit sales, foreign exchange effects, and reductions in selling, general and administrative expenses.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsThe company decided to implement structural reforms in the OLV business. YMMC in the United States will end in-house ROV production and transition to a collaborative model based on OEM supply from partner companies. Workforce adjustments involving approximately 300 people in total, including approximately 200 regular employees, are planned, and one-time expenses of approximately ¥12 billion are expected in 2026.
Depreciation and amortization¥45,973 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors, securities analysts and members of the press)
Issued Shares at Period-End1,018,125,101
Treasury Shares at Period-End47,506,570
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥1,497,989 million (YoY +17.2%) |
| Operating profit | ¥158,476 million (YoY +88.6%) |
| Ordinary income | ¥159,487 million (YoY +92.5%) |
| Profit attributable to owners of the parent | ¥113,900 million (YoY +114.7%) |
| Net income per share | ¥117.37 |
| Equity ratio | End of the current fiscal period 41.4 / End of previous period 39 |
| Total assets | ¥3,021,226 million |
| Net assets | ¥1,292,919 million |
| Cash flows from operating activities | ¥153,392 million |
| Cash flows from investing activities | ¥-50,820 million |
| Cash flows from financing activities | ¥-110,800 million |
| Cash and cash equivalents at end of period | ¥401,459 million |
| Full-year earnings forecast | Net Sales ¥2,900,000 million (YoY +14.4%) / Operating profit ¥260,000 million (YoY +105.7%) / Ordinary income Not disclosed / Net income ¥170,000 million (YoY +955.3%) |
| Revision to Earnings Forecast | Whether revised Yes / Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed |
| Annual Dividend Forecast | ¥35 → ¥50 |
| Segment revenue | Land Mobility ¥984,558 million (YoY +21.8%), Marine ¥300,669 million (YoY +7.4%), Outdoor Land Vehicles ¥80,289 million (YoY +3.3%), Robotics ¥60,120 million (YoY +24.5%), Financial Services ¥63,638 million (YoY +18.1%), Other ¥8,713 million (YoY -11.6%) |
| Segment profit | Land Mobility ¥112,731 million (YoY +89.8%), Marine ¥46,042 million (YoY +18.3%), Outdoor Land Vehicles ¥-11,981 million, Robotics ¥3,665 million, Financial Services ¥12,127 million (YoY +50.6%), Other ¥-4,107 million |
| Depreciation and amortization | ¥45,973 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | The company decided to implement structural reforms in the OLV business. YMMC in the United States will end in-house ROV production and transition to a collaborative model based on OEM supply from partner companies. Workforce adjustments involving approximately 300 people in total, including approximately 200 regular employees, are planned, and one-time expenses of approximately ¥12 billion are expected in 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors, securities analysts and members of the press) |
| Issued Shares at Period-End | 1,018,125,101 |
| Treasury Shares at Period-End | 47,506,570 |
| Factors Behind Changes in Business Performance | Sales increased, primarily of motorcycles, resulting in higher revenue. Operating profit increased despite the impact of U.S. tariffs and higher procurement costs, owing to higher unit sales, foreign exchange effects, and reductions in selling, general and administrative expenses. |
Items this document does not state (7)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)
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 higher sales, primarily of motorcycles. Operating profit increased despite U.S. tariffs and higher procurement costs, owing to higher unit sales, foreign exchange effects, and reductions in selling, general and administrative expenses. The structural reforms in the OLV business are intended to concentrate the management resources freed up by ending in-house ROV production on ATVs and golf cars, thereby improving the profitability of the business as a whole.
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.