Financial Summary for Fiscal Year Ending March 2026

Overview of Performance

For the fiscal year ended March 2026, consolidated revenue increased by 2.5% YoY to JPY 1,405.493 billion, supported by robust sales in European and American independently operated businesses. Conversely, adjusted operating income declined by 8.3% YoY to JPY 132.951 billion, affected by US tariffs, cost increases due to growth investments, and deterioration in regional and product mix. Net income attributable to owners of parent was JPY 73.193 billion, a 10.1% decrease YoY. By segment, the Construction Machinery business recorded revenue of JPY 1,268.594 billion (2.0% YoY increase) and adjusted operating income of JPY 121.481 billion (6.4% YoY decrease), while the Specialized Parts & Service business posted revenue of JPY 145.226 billion (7.1% YoY increase) and adjusted operating income of JPY 11.47 billion (24.2% YoY decrease).

Future Outlook

The consolidated forecast for the fiscal year ending March 2027 anticipates revenue of JPY 1,430 billion (1.7% YoY increase), adjusted operating income of JPY 140 billion (5.3% YoY increase), and net income attributable to owners of parent of JPY 80 billion (9.3% YoY increase). Demand for hydraulic excavators is expected to remain steady in North America and Europe, with mining machinery demand projected to stay broadly comparable to the previous year. Foreign exchange rates are assumed at JPY 150 to USD and JPY 178 to EUR. Additionally, the company plans to change its trade name to 'Landcross Co., Ltd.' effective April 1, 2027, aiming for sustainable growth through brand renewal. The annual dividend is planned at JPY 190 per share, reaching a record high.