Worth reading
75Important
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
41.2
Year-on-year change in revenue (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationFull fiscal year ending June 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,084 million+41.2%
Operating profit¥1,145 million+74.8%
Ordinary income¥1,117 million+97.8%
Net income¥781 million+6.3%
Gross Profit Margin45.4 %
Operating profit margin22.5 %
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending June 2027
Net Sales
¥7,950 million
Operating profit
¥1,550 million
Net income
¥960 million
EBITDA
¥2,381 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Versus revised forecast for the fiscal year ended June 2026
Net Sales100.7%
Operating profit107.0%
Ordinary income110.7%
Net income111.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Achievement rates were 100.7% for revenue, 107.0% for operating profit, 110.7% for ordinary profit and 111.6% for net incomeBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profit+¥490 million
Revenue increase (excluding foreign exchange impact)+¥1,386 million
Variable costs−¥329 million
Foreign Exchange Effects−¥279 million
Personnel Expenses−¥96 million
Depreciation and amortization-¥34 million
Utilities expenses-¥42 million
Maintenance and consumables−¥95 million
M&A-Related Costs−¥55 million
Inventory impact and other factors−¥158 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed Exchange Rates¥152/US$
Foreign exchange sensitivity¥40–50 million per ¥1/US$ (positive when the yen weakens)
Expected A320neo production70–75 aircraft per month in 2027
Expected 737 MAX productionTargeting 52 aircraft per month, up from 42–47 aircraft per month
New initiatives
- Acquisition of オノプラント社 as a wholly owned subsidiary and start of consolidation
- Start of mass production and supply of new-material titanium aluminide blades
- Signing of an agreement to expand market share
- Start of mass production for aircraft engine B
- New borrowing agreements totaling ¥3.8 billion to fund growth
- Research and development using additive manufacturing (AM) to enter the MRO business
Key KPIsA metric the company considers important as a management benchmark.
- Number of engines fitted with titanium aluminide blades847 Installed engine units+32.6%
- A320neo family order backlog7,469 satellites
- 737 MAX order backlog5,404 satellites
- LEAP engine deliveries2,103 Installed engine units+43.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of engines calculated by converting the number of titanium aluminide blades sold based on the number of blades fitted per LEAP engine. Specific unit pricing is Not disclosedFinancial targets
Actual net debt-to-equity ratio0.6x
Target net debt-to-equity ratio1.5x
Market Size / Share
A320neo family order backlog7,469 aircraft
737 MAX order backlog5,404 aircraft
LEAP titanium aluminide blade market shareExpected to expand to the high-40% range from 2028
Capital expenditures
- Approximately ¥2.4 billionProjectsTitanium aluminide blade mass-production equipment
- Approximately ¥2.6 billionProjectsNew-material equipment for titanium aluminide blades
- Approximately ¥1.9 billionProjectsAircraft engine A
- Approximately ¥1.7 billionProjectsAircraft engine B
Acquisition of treasury shares
Mentioned as an option for shareholder returns, but the acquisition limit, number of shares and period are Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Full fiscal year ending June 2026 |
| Net Sales | ¥5,084 million (YoY +41.2%) |
| Operating profit | ¥1,145 million (YoY +74.8%) |
| Ordinary income | ¥1,117 million (YoY +97.8%) |
| Net income | ¥781 million (YoY +6.3%) |
| Gross Profit Margin | 45.4 % |
| Operating profit margin | 22.5 % |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending June 2027 / Net Sales ¥7,950 million / Operating profit ¥1,550 million / Net income ¥960 million / EBITDA ¥2,381 million |
| Progress against full-year forecast | Versus revised forecast for the fiscal year ended June 2026 Net Sales 100.7% / Operating profit 107.0% / Ordinary income 110.7% / Net income 111.6% |
| Self-assessment against the plan | Achievement rates were 100.7% for revenue, 107.0% for operating profit, 110.7% for ordinary profit and 111.6% for net income |
| Breakdown of Factors Affecting the Change | Change in operating profit +¥490 million / Revenue increase (excluding foreign exchange impact) +¥1,386 million / Variable costs −¥329 million / Foreign Exchange Effects −¥279 million / Personnel Expenses −¥96 million / Depreciation and amortization -¥34 million / Utilities expenses -¥42 million / Maintenance and consumables −¥95 million / M&A-Related Costs −¥55 million / Inventory impact and other factors −¥158 million |
| Key KPIs | Number of engines fitted with titanium aluminide blades 847 Installed engine units (YoY +32.6%), A320neo family order backlog 7,469 satellites, 737 MAX order backlog 5,404 satellites, LEAP engine deliveries 2,103 Installed engine units (YoY +43.0%) |
| Unit price and quantity metrics | Number of engines calculated by converting the number of titanium aluminide blades sold based on the number of blades fitted per LEAP engine. Specific unit pricing is Not disclosed |
| Assumptions Underlying the Business Outlook | Assumed Exchange Rates ¥152/US$ / Foreign exchange sensitivity ¥40–50 million per ¥1/US$ (positive when the yen weakens) / Expected A320neo production 70–75 aircraft per month in 2027 / Expected 737 MAX production Targeting 52 aircraft per month, up from 42–47 aircraft per month |
| Financial targets | Actual net debt-to-equity ratio 0.6x / Target net debt-to-equity ratio 1.5x |
| Acquisition of treasury shares | Mentioned as an option for shareholder returns, but the acquisition limit, number of shares and period are Not disclosed |
| Capital expenditures | Approximately ¥2.4 billion, Approximately ¥2.6 billion, Approximately ¥1.9 billion, Approximately ¥1.7 billion |
| Market Size / Share | A320neo family order backlog 7,469 aircraft / 737 MAX order backlog 5,404 aircraft / LEAP titanium aluminide blade market share Expected to expand to the high-40% range from 2028 |
| New initiatives | Acquisition of オノプラント社 as a wholly owned subsidiary and start of consolidation, Start of mass production and supply of new-material titanium aluminide blades, Signing of an agreement to expand market share, Start of mass production for aircraft engine B, New borrowing agreements totaling ¥3.8 billion to fund growth, Research and development using additive manufacturing (AM) to enter the MRO business |
Items this document does not state (11)
Selling, general and administrative expensesResults for the three months of the current quarterSegment resultsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioOrders 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.For the fiscal year ended June 2026, the main factors behind the increases in revenue and profit were higher sales of titanium aluminide blades for the A320neo and 737 MAX, and the recognition of high-margin contract development revenue related to new materials. Upfront investments, including personnel expenses, higher costs due to inflation and M&A-related expenses were also incurred. For the fiscal year ending June 2027, higher blade sales, new projects and the start of consolidation of オノプラント社 are expected to drive revenue growth.
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.