Airman (6364) Q4 2026 earnings summary

Executive summary

• Achieved record highs in consolidated net sales, operating profit, ordinary profit, and profit attributable to owners, driven by strong North American sales and yen depreciation, offsetting domestic market weakness.

• Overseas construction machinery sales, especially in North America, offset domestic declines; new product launches targeted new markets.

• Both Construction Machinery and Industrial Machinery segments posted record sales and profits.

Financial highlights

• Net sales rose 2.3% year-over-year to JPY 55.6 billion; operating profit up 11.2% to JPY 7.1 billion; ordinary profit up 17.4% to JPY 8.0 billion; profit attributable to owners up 17.4% to JPY 5.6 billion.

• Basic earnings per share increased to JPY 204.99 from JPY 172.16 year-over-year.

• Comprehensive income grew 23.2% year-over-year to JPY 6.92 billion.

Outlook and guidance

• Next fiscal year net sales expected to rise to JPY 58.5 billion, but operating profit forecast to decline to JPY 5.63 billion and profit attributable to owners to decrease to JPY 3.96 billion, due to higher raw material costs, U.S. tariffs, and conservative assumptions.

• Assumed exchange rates: JPY 150/USD and JPY 170/EUR; ordinary profit sensitivity is JPY 136 million per JPY 1 movement.

• Dividend forecast maintained at JPY 72 per share.