Komori
Earnings7846PILOT CORPORATIONInformation and Communications, Services and Others

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

For the interim period of the fiscal year ending December 2026, net sales, operating income, ordinary income and net income exceeded the same period of the previous year. Full-year earnings forecasts and dividend forecasts were also revised based on interim-period results and recent trends.

Worth reading
60In 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
11.2
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAP
Net Sales72,260¥ millionYear on year +11.2%Progress 54.3%
Operating profit13,870¥ millionYear on year +17.8%Progress 71.1%
Ordinary income14,866¥ millionYear on year +28.0%Progress 74.3%
Net income attributable to owners of the parent10,306¥ millionYear on year +34.5%Progress 68.7%

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¥96.33
Financial position at period-end
Total assets185,522¥ million
of which net assets 145,791 ¥ millionEquity ratio 78.3%vs. prior year-end -2.5pt

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+7,284
Investment-1,858
Financials-11,594
Net change-6,168

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¥33,167 million
Segment revenueJapan ¥18,870 million (YoY +106.7%), Americas ¥24,010 million (YoY +116.1%), Europe ¥16,219 million (YoY +108.2%), Asia ¥13,160 million (YoY +113.2%)
Segment profitJapan ¥8,622 million (YoY +153.6%), Americas ¥3,609 million (YoY +155.9%), Europe ¥969 million (YoY +93.9%), Asia ¥701 million (YoY +96.9%)
Regional sales¥14,721 million (YoY +105.1%), ¥57,539 million (YoY +112.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥133,000 million (YoY +5.2%)
Operating profit¥19,500 million (YoY +17.1%)
Ordinary income¥20,000 million (YoY +12.0%)
Net income¥15,000 million (YoY +24.3%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥133,000 million / Operating profit Not disclosed → ¥19,500 million / Ordinary income Not disclosed → ¥20,000 million / Net income Not disclosed → ¥15,000 million
Annual Dividend Forecast120 yen (before adjustment for stock split) → 135 yen (before adjustment for stock split)(+12.5%)
Factors Behind Changes in Business Performance

Sales of core products, including Friction, Juice and G-2, remained strong in Japan and overseas, driving sales growth mainly in South Korea and the US market. Japan and the Americas recorded higher profits due to increased sales and the impact of the weaker yen, while Europe and Asia recorded lower profits because the weaker yen increased selling, general and administrative expenses.

Disclosure regarding the going concern assumption

None (the notes on the going concern assumption state that 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 (company name: —) / Excluded 0 companies (company name: —)
Material subsequent eventsA stock split of the common shares at a ratio of 3-for-1, effective 1 July 2026, and an amendment to the articles of incorporation accompanying the stock split. The total number of authorized shares will change from 180,000,000 shares to 440,000,000 shares.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥21 million, Gain on sale of investment securities ¥582 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on Disposal of Fixed Assets ¥14 million, Impairment Loss on Investment Securities ¥274 million
Depreciation and amortization¥3,063 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End112,215,600
Treasury Shares at Period-End7,205,973
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–30 June 2026
Net Sales¥72,260 million (YoY +11.2%)
Operating profit¥13,870 million (YoY +17.8%)
Ordinary income¥14,866 million (YoY +28.0%)
Profit attributable to owners of the parent¥10,306 million (YoY +34.5%)
Net income per share¥96.33
Equity ratioEnd of the current fiscal period 78.3 / End of previous period 80.8
Total assets¥185,522 million
Net assets¥145,791 million
Cash flows from operating activities¥7,284 million
Cash flows from investing activities¥-1,858 million
Cash flows from financing activities¥-11,594 million
Cash and cash equivalents at end of period¥33,167 million
Full-year earnings forecastNet Sales ¥133,000 million (YoY +5.2%) / Operating profit ¥19,500 million (YoY +17.1%) / Ordinary income ¥20,000 million (YoY +12.0%) / Net income ¥15,000 million (YoY +24.3%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥133,000 million / Operating profit Not disclosed → ¥19,500 million / Ordinary income Not disclosed → ¥20,000 million / Net income Not disclosed → ¥15,000 million
Annual Dividend Forecast120 yen (before adjustment for stock split) → 135 yen (before adjustment for stock split)(+12.5%)
Segment revenueJapan ¥18,870 million (YoY +106.7%), Americas ¥24,010 million (YoY +116.1%), Europe ¥16,219 million (YoY +108.2%), Asia ¥13,160 million (YoY +113.2%)
Segment profitJapan ¥8,622 million (YoY +153.6%), Americas ¥3,609 million (YoY +155.9%), Europe ¥969 million (YoY +93.9%), Asia ¥701 million (YoY +96.9%)
Regional sales¥14,721 million (YoY +105.1%), ¥57,539 million (YoY +112.9%)
Depreciation and amortization¥3,063 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥21 million, Gain on sale of investment securities ¥582 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on Disposal of Fixed Assets ¥14 million, Impairment Loss on Investment Securities ¥274 million
Disclosure regarding the going concern assumptionNone (the notes on the going concern assumption state that 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 (company name: —) / Excluded 0 companies (company name: —)
Material subsequent eventsA stock split of the common shares at a ratio of 3-for-1, effective 1 July 2026, and an amendment to the articles of incorporation accompanying the stock split. The total number of authorized shares will change from 180,000,000 shares to 440,000,000 shares.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End112,215,600
Treasury Shares at Period-End7,205,973
Factors Behind Changes in Business PerformanceSales of core products, including Friction, Juice and G-2, remained strong in Japan and overseas, driving sales growth mainly in South Korea and the US market. Japan and the Americas recorded higher profits due to increased sales and the impact of the weaker yen, while Europe and Asia recorded lower profits because the weaker yen increased selling, general and administrative expenses.
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyOrders received and order backlogImpairment 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.

Sales of core products, including Friction, Juice and G-2, remained strong in Japan and overseas, driving sales growth mainly in South Korea and the US market. The impact of the weaker yen also contributed. The revisions to the full-year forecasts were attributed to consolidated interim-period results and recent performance trends.

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