Fiscal Year Ending September 2026 Earnings Presentation

Business Performance Overview

For the fiscal year ended September 2026, consolidated revenue was 43,398 million yen (Year-over-Year +5.2%) and consolidated operating income was 1,520 million yen (+40.8%). By segment, agricultural and forestry machinery revenue was 32,526 million yen, industrial machinery was 5,678 million yen, other machinery was 2,551 million yen, and real estate leasing and others was 325 million yen. Overseas sales accounted for 24.4% of total revenue. Ordinary income was 1,554 million yen and net income attributable to owners of parent was 4,312 million yen. Note that a one-time payment related to the revision of an OEM contract had a significant impact on net income for the period.

Outlook and Initiatives

The full-year forecast for the fiscal year ending September 2027 is revenue 44,000 million yen, operating income 2,200 million yen, and net income 1,350 million yen (assuming ordinary profit excluding the one-time OEM payment). As the final year of the 8th Medium-Term Management Plan, six priority items will be promoted: quality and profitability improvement, strengthening the business foundation, global expansion, R&D enhancement, digital investments, and others. Under the dividend policy, targeting a payout ratio around 30%, next fiscal year assumes a dividend of 90 yen per share (including a special dividend of 10 yen).