Worth reading
47Recurring
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
40.9
¥100 millionWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending February 2027, second quarter8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥487.8 100 million+9.2%
Operating profit¥26.7 100 million+4.4%
Ordinary income¥27.5 100 million+4.6%
Net income¥15.8 100 million-7.2%
Gross Profit Margin29.7
Operating profit margin5.5
Selling, general and administrative expenses¥118 100 million
Full-year earnings forecast
Net Sales
¥1,000 100 million
Gross profit
¥304 100 million
Selling, general and administrative expenses
¥246 100 million
Operating profit
¥58 100 million
Ordinary income
¥59.5 100 million
Net income
¥36 100 million
EBITDA
¥160 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Construction Equipment Business¥-2 100 million
- Trading business¥1.2 100 million
- Real Estate Business¥-0.4 100 million
- Shareholder Benefit Costs¥2.4 100 million
New initiatives
- Introduction of an interim dividend beginning in the fiscal year ending February 2027
- Expansion of trial sessions and demonstration briefings for surveying DX and ICT solutions
- Rollout across the group of the initiative to store digital data from i-Rental inspections
- Rebranding, including the unification of the corporate logo
- Full-scale launch of Wave Forum, a collaborative organisation comprising customers, suppliers and the company
- Introduction of a restricted stock plan across the group
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥74.5 100 millionYear on year against the same period last year+10.6%
- EBITDA margin15.3 %
- Consolidated number of employees2,240 people
- Wave Forum membership185 companies
- PBR1.02 times
- ROE3.6 %
Segment results
- Construction Equipment BusinessNet Sales¥377.9 100 million (YoY +4.2%)Operating profit¥11.2 100 million (YoY -15.6%)
- Trading businessNet Sales¥81.5 100 million (YoY +47.0%)Operating profit¥4.9 100 million (YoY +33.8%)
- Real Estate BusinessNet Sales¥28.4 100 million (YoY -0.8%)Operating profit¥9.6 100 million (YoY -0.4%)
- Corporate expenses and adjustmentsOperating profit¥0.8 100 million
Medium-term management plan targets
Plan2028 Medium-Term Management Plan
Target value
- Annual dividend¥100 or more
- ROE5 %Target fiscal yearFiscal year ending February 2028
Comparison with actual resultsROE of 3.6% and an annual dividend of ¥100 for the fiscal year ending February 2027 shown
Financial targets
ROE
Target value5 %
Actual value3.6 %
Number of employees
Consolidated2,240 people
Standalone682 people
Hiring planHiring approximately 70 people per year
Annual Dividend
Fiscal year ending February 2027
Annual¥100 per share
Interim¥50 per share
Fiscal year ending February 2028
Annual¥100 or more
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending February 2027, second quarter |
| Net Sales | ¥487.8 100 million (YoY +9.2%) |
| Operating profit | ¥26.7 100 million (YoY +4.4%) |
| Ordinary income | ¥27.5 100 million (YoY +4.6%) |
| Net income | ¥15.8 100 million (YoY -7.2%) |
| Gross Profit Margin | 29.7 |
| Operating profit margin | 5.5 |
| Selling, general and administrative expenses | ¥118 100 million |
| Full-year earnings forecast | Net Sales ¥1,000 100 million / Gross profit ¥304 100 million / Selling, general and administrative expenses ¥246 100 million / Operating profit ¥58 100 million / Ordinary income ¥59.5 100 million / Net income ¥36 100 million / EBITDA ¥160 100 million |
| Segment results | Segment Construction Equipment Business / Net Sales ¥377.9 100 million (YoY +4.2%) / Operating profit ¥11.2 100 million (YoY -15.6%), Segment Trading business / Net Sales ¥81.5 100 million (YoY +47.0%) / Operating profit ¥4.9 100 million (YoY +33.8%), Segment Real Estate Business / Net Sales ¥28.4 100 million (YoY -0.8%) / Operating profit ¥9.6 100 million (YoY -0.4%), Segment Corporate expenses and adjustments / Operating profit ¥0.8 100 million |
| Breakdown of Factors Affecting the Change | Factors Construction Equipment Business / Amount ¥-2 100 million, Factors Trading business / Amount ¥1.2 100 million, Factors Real Estate Business / Amount ¥-0.4 100 million, Factors Shareholder Benefit Costs / Amount ¥2.4 100 million |
| Key KPIs | Indicator name EBITDA / Value ¥74.5 100 million / Year on year against the same period last year ¥10.6 100 million, Indicator name EBITDA margin / Value 15.3 %, Indicator name Consolidated number of employees / Value 2,240 people, Indicator name Wave Forum membership / Value 185 companies, Indicator name PBR / Value 1.02 times, Indicator name ROE / Value 3.6 % |
| Number of employees | Consolidated 2,240 people / Standalone 682 people / Hiring plan Hiring approximately 70 people per year |
| Medium-term management plan targets | Plan 2028 Medium-Term Management Plan / Target value Indicator Annual dividend / Value ¥100 or more, Indicator ROE / Value 5 % / Target fiscal year Fiscal year ending February 2028 / Comparison with actual results ROE of 3.6% and an annual dividend of ¥100 for the fiscal year ending February 2027 shown |
| Financial targets | ROE Target value 5 % / Actual value 3.6 % |
| Annual Dividend | Fiscal year ending February 2027 Annual ¥100 per share / Interim ¥50 per share / Fiscal year ending February 2028 Annual ¥100 or more |
| New initiatives | Introduction of an interim dividend beginning in the fiscal year ending February 2027, Expansion of trial sessions and demonstration briefings for surveying DX and ICT solutions, Rollout across the group of the initiative to store digital data from i-Rental inspections, Rebranding, including the unification of the corporate logo, Full-scale launch of Wave Forum, a collaborative organisation comprising customers, suppliers and the company, Introduction of a restricted stock plan across the group |
Items this document does not state (13)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.The company attributed the increases in revenue and operating income to the new consolidation of ケアレックス, the effects of initiatives continued in the construction equipment rental segment, and solid performance from the existing group of nursing-care rental businesses. In some areas of the construction equipment business, upfront investments in surveying DX, personnel recruitment and improvements to the IT environment reduced profit. In the real estate business, lower hotel room rates after the close of the Osaka-Kansai Expo led to declines in revenue and profit. The decline in net income was attributed to the absence of the gain on the sale of shares in an affiliated company recorded in the previous fiscal year.
How to read this page
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