Earnings, deals and disclosures from Japan's listed industrials companies, in English.
Sales edged down to ¥72.19bn, but ordinary income rose to ¥4.39bn and parent profit to ¥3.27bn. For a packaging-materials group, better earnings on a slightly softer top line is the more interesting line of the morning.
Komatsu's annual report shows revenue edging up to ¥4.13tn in the year to March 2026 from ¥4.10tn, while profit before tax fell to ¥537.26bn from ¥604.84bn and net income attributable to owners slipped to ¥376.39bn from ¥439.61bn. Total assets still reached ¥6.42tn and basic EPS came in at ¥413.90, but last year's profit level proved harder to repeat.
Revenue reached ¥129.14 billion in the year to March 2026, profit before tax rose to ¥35.62 billion and ROE improved to 23.4%. The filing's five-year summary shows the latest year as the high point for both revenue and pre-tax profit, with the owners' equity ratio also rising to 52.0%.
After sales of ¥10,828 million and operating profit of ¥1,088 million beat the company's prior forecast, the board authorized repurchases of up to 50,000 shares, or 3.84% of shares outstanding excluding treasury stock, with a ¥400 million cap. Next year's guide drops back to ¥720 million of operating profit, which makes the buyback read more like balance-sheet confidence than exuberance.
Bestera's first-quarter sales rose 29.3% to ¥3.27 billion and operating profit jumped 164.1% to ¥353 million, with new orders up 188.5% to ¥3.865 billion. The company kept its annual outlook unchanged, but separately approved total new borrowing of ¥6 billion as larger demolition projects absorb more working capital. A second update on the April accident at a Kawasaki demolition site said three workers died, two were injured and one remains missing, with investigations continuing and the direct earnings impact still unquantified. The operating momentum is clear. The financial consequences of the accident are not.
Ishii Hyoki's first-quarter sales rose 12.3% to ¥4.049 billion and operating profit nearly doubled to ¥367 million, helped by AI-related package-substrate demand in manufacturing equipment. Separately, the company rewrote its dividend policy to target a consolidated payout ratio of 30% or more from dividends for the year ending January 2027, replacing a looser framework with no numeric floor. Management kept full-year guidance unchanged. The useful read-through is that better operations are now being matched by a clearer shareholder-return rule, though not yet by higher profit guidance.
Green Energy & Company reported revenue of ¥18,358 million for the year to April 2026, up 58.0%, and operating profit of ¥1,191 million, up 119.3%. Management said grid-connected battery projects were the main driver: the company sold five such projects in the year versus none a year earlier, while O&M and power-generation revenue jumped 290.0% to ¥3,685 million. Operating cash flow swung to a ¥1,318 million inflow from a ¥961 million outflow. The company is guiding for further growth this year, though it notes that utility grid-connection procedures still have a say in the timetable.