Komori
Earnings7846PILOT CORPORATIONInformation and Communications, Services and Others

Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

In the first quarter, revenue increased 8.3% year on year, driven mainly by overseas operations, while operating income declined 10.4%. Ordinary income and net income attributable to owners of the parent increased, and the full-year earnings and dividend forecasts remained unchanged.

Worth reading
38Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
8.3
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAP
Net Sales31,526¥ millionYear on year +8.3%Progress 23.7%
Operating profit4,154¥ millionYear on year -10.4%Progress 23.1%
Ordinary income4,582¥ millionYear on year +12.0%Progress 24.8%
Net income attributable to owners of the parent2,677¥ millionYear on year +44.2%Progress 19.1%

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¥74.08
Financial position at period-end
Total assets172,945¥ million
of which net assets 137,675 ¥ millionEquity ratio 79.2%vs. prior year-end -1.6pt

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.

Segment revenueJapan ¥9,145 million (YoY +3.8%), Americas ¥9,693 million (YoY +14.9%), Europe ¥6,596 million (YoY +6.9%), Asia ¥6,091 million (YoY +6.8%)
Segment profitJapan ¥4,057 million (YoY +53.8%), Americas ¥893 million (YoY +46.5%), Europe ¥-19 million, Asia ¥251 million (YoY -31.8%)
Regional sales¥7,581 million (YoY +4.5%), ¥23,944 million (YoY +9.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥133,000 million (YoY +5.2%)
Operating profit¥18,000 million (YoY +8.1%)
Ordinary income¥18,500 million (YoY +3.6%)
Net income¥14,000 million (YoY +16.0%)
Annual Dividend Forecast¥120 → ¥126(+5.0%)
Factors Behind Changes in Business Performance

Revenue and profit in some segments increased due to strong sales of new and core products, price revisions, growth in orders for ceramic products and the weaker yen. Consolidated operating income declined due to higher selling, general and administrative expenses, increased costs in Europe and Asia, and deterioration in consolidated adjustments.

Disclosure regarding the going concern assumption

No applicable matters (There are no applicable matters.)

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies (no company names provided) / Excluded 0 companies (no company names provided)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥10 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥8 million, Impairment Loss on Investment Securities ¥274 million
Depreciation and amortization¥1,501 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End37,405,200
Treasury Shares at Period-End2,325,049
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–31 March 2026
Net Sales¥31,526 million (YoY +8.3%)
Operating profit¥4,154 million (YoY -10.4%)
Ordinary income¥4,582 million (YoY +12.0%)
Profit attributable to owners of the parent¥2,677 million (YoY +44.2%)
Net income per share¥74.08
Equity ratioEnd of the current fiscal period 79.2 / End of previous period 80.8
Total assets¥172,945 million
Net assets¥137,675 million
Full-year earnings forecastNet Sales ¥133,000 million (YoY +5.2%) / Operating profit ¥18,000 million (YoY +8.1%) / Ordinary income ¥18,500 million (YoY +3.6%) / Net income ¥14,000 million (YoY +16.0%)
Annual Dividend Forecast¥120 → ¥126(+5.0%)
Segment revenueJapan ¥9,145 million (YoY +3.8%), Americas ¥9,693 million (YoY +14.9%), Europe ¥6,596 million (YoY +6.9%), Asia ¥6,091 million (YoY +6.8%)
Segment profitJapan ¥4,057 million (YoY +53.8%), Americas ¥893 million (YoY +46.5%), Europe ¥-19 million, Asia ¥251 million (YoY -31.8%)
Regional sales¥7,581 million (YoY +4.5%), ¥23,944 million (YoY +9.5%)
Depreciation and amortization¥1,501 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥10 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥8 million, Impairment Loss on Investment Securities ¥274 million
Disclosure regarding the going concern assumptionNo applicable matters (There are no applicable matters.)
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 companies (no company names provided) / Excluded 0 companies (no company names provided)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End37,405,200
Treasury Shares at Period-End2,325,049
Factors Behind Changes in Business PerformanceRevenue and profit in some segments increased due to strong sales of new and core products, price revisions, growth in orders for ceramic products and the weaker yen. Consolidated operating income declined due to higher selling, general and administrative expenses, increased costs in Europe and Asia, and deterioration in consolidated adjustments.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlogImpairment lossMaterial subsequent events

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 strong sales of new and core products, price revisions and the weaker yen. Operating income declined due to higher selling, general and administrative expenses, as well as the impact of consolidated adjustments related to unrealized gains on inventories and other items, which changed from a positive ¥931 million in the same quarter of the previous year to a negative ¥1,028 million.

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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.
Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | PILOT CORPORATION (7846) timely disclosure | Komori