Komori reports mixed Q2 results amid trade uncertainties

Komori Corporation's second-quarter consolidated results for the fiscal year ending March 2026 revealed significant differences from its May 14, 2025, forecast. Net sales came in at 52,215 million yen, falling short of the 58,600 million yen forecast by 10.9%. Operating profit was also lower than expected at 3,156 million yen compared to the 3,800 million yen forecast, a decrease of 16.9%. These shortfalls were attributed to trade uncertainties, especially U.S. import tariff policies, leading to postponed negotiations and delivery delays.

Despite the reduced sales and operating profit, ordinary profit of 3,643 million yen was only slightly below the 3,700 million yen forecast (a 1.5% decrease). This resilience was due to a more favorable foreign exchange environment, with the yen depreciating more than anticipated, resulting in improved foreign exchange gains. Profit attributable to owners of the parent was 2,357 million yen, a 9.3% decrease from the 2,600 million yen forecast, influenced by regional tax differences.

Komori's full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, remains unchanged, with projected net sales of 124,500 million yen and operating profit of 9,100 million yen. However, the company has revised the regional composition of net sales for the full-year forecast based on recent developments.