Yamashin-filter Corp. · TSE:6240
Yamashin-filter — Q2 FY2026 Earnings Presentation
35 slides from Yamashin-filter's earnings presentation, Nov 4, 2026
Slide 1: Fly to the next stage! Financial Results Q2 FY2026
TSE Prime Market 6240 Q2 FY2026 (ending March 2027) Fly to the next stage! Financial Results YAMASHIN-FILTER CORP. (Preliminary) November 4, 2026 2026 ©YAMASHIN-FILTER CORP. All rights reserved.
Slide 2: Executive Summary
Executive Summary 2026 ©YAMASHIN-FILTER CORP. All rights reserved.
Slide 3: Performance Highlights (Consolidated)
Performance Highlights (Consolidated) Driven by the construction machinery filter business, consolidated net sales and operating profit reached record highs. Q2 FY2026 Cumulative Results Consolidated 11.282 b i l l i o n y e n Operating 1.338 b i l l i o n ye n EPS 14.27 ye n Net sales Profit YoY ch
Slide 4: FY2026 Outlook: Impact of International Environment and Responses
FY2026 (ending March 2027) Outlook Impact of International Environment on the Company and Responses The impact of rising raw material prices against the backdrop of the situation in the Middle East is trending at a level exceeding expectations. The impact of the tariffs under Section 301 of the
Slide 5: Performance Highlights (Construction Machinery Filter Business)
Performance Highlights (Construction Machinery Filter Business) Construction machinery market remains solid, supported by strong new vehicle demand. Strategies for expanding market share and introducing high value-added products under the Medium-Term Management Plan are progressing steadily. Q2 FY20
Slide 6: Performance Highlights (Air Filter Business)
Performance Highlights (Air Filter Business) Confusion associated with system implementation has subsided Shifted to a revenue growth trend and implemented profitability improvement through strengthening the direct sales structure. Q2 FY2026 Cumulative Results Reduction in profit decline Consolida
Slide 7: Performance Highlights (Functional Materials Business)
Performance Highlights (Functional Materials Business) While the upfront investment phase continues, supply of products for apparel has commenced. Through partnerships with external parties, initiatives toward the start of supply for Life Sciences and Industrial Materials are progressing. Q2 FY2026
Slide 8: Q2 FY2026 Results
Q2 FY2026 Results 2026 ©YAMASHIN-FILTER CORP. All rights reserved.
Slide 9: Results (July to September 2026) By Segment
Q2 FY2026 Results (July to September 2026) By Segment (P&L): Consolidated, Construction Machinery Filter, Air Filter and Functional Materials Quarterly net sales and operating profit for the construction machinery filter business reached record highs. In the Air Filter Business, confusion associ
Slide 10: Results (July to September 2026) Net Sales by Product
Q2 FY2026 Results (July to September 2026) Net Sales (by Product) Sales of both line parts and service parts grew significantly, driven by AI data center demand in North America. Orders for the Air Filter Business are on a recovery trend, and we aim to further expand sales by establishing a dire
Slide 11: YoY Changes in Net Sales (Q2)
Q2 FY2026 Results (July to September 2026) YoY Changes in Net Sales In the construction machinery filter business, new vehicle demand remained solid, and service parts demand also recovered, leading to a significant increase in revenue. Orders for the air filter business are on a recovery trend,
Slide 12: YoY Changes in Operating Profit (Q2)
Q2 FY2026 Results (July to September 2026) YoY Changes in Operating Profit The impact of rising raw material prices against the backdrop of the situation in the Middle East is trending at a level exceeding expectations. Achieved record-high operating profit through increased sales volume driven
Slide 13: Q2 FY2026 Cumulative Results (April to September 2026)
Q2 FY2026 Cumulative Results (April to September 2026) 2026 ©YAMASHIN-FILTER CORP. All rights reserved.
Slide 14: Cumulative Results By Segment
Q2 FY2026 Cumulative Results (April to September 2026) By Segment (P&L): Consolidated, Construction Machinery Filter, Air Filter and Functional Materials Net sales and operating profit for the construction machinery filter business reached record highs. In the Air Filter Business, the confusion
Slide 15: Cumulative Results Net Sales by Product
Q2 FY2026 Cumulative Results (April to September 2026) Net Sales (by Product) Sales of both line parts and service parts grew significantly, driven by AI data center demand in North America. Orders for the Air Filter business are on a recovery trend, and we aim to further expand sales by establi
Slide 16: Cumulative YoY Changes in Net Sales
Q2 FY2026 Cumulative Results (April to September 2026) YoY Changes in Net Sales In the construction machinery filter business, new vehicle demand remained solid, and service parts demand also recovered, leading to a significant increase in revenue. Orders for the air filter business are on a rec
Slide 17: Cumulative YoY Changes in Operating Profit
Q2 FY2026 Cumulative Results (April to September 2026) YoY Changes in Operating Profit Achieved record-high consolidated operating profit by offsetting the impact of soaring raw material prices due to the situation in the Middle East through factors such as higher sales volume driven by our Market
Slide 18: Full-Year Outlook for FY2026 (April 2026 to March 2027)
Full-Year Outlook for FY2026 (April 2026 to March 2027) 2026 ©YAMASHIN-FILTER CORP. All rights reserved.
Slide 19: FY2026 Outlook By Segment
FY2026 Outlook (April 2026 to March 2027) By Segment (P&L): Consolidated, Construction Machinery Filter, Air Filter and Functional Materials The Medium-Term Management Plan is progressing as planned. Although upfront investment and higher costs associated with the launch of new businesses are expe
Slide 20: FY2026 Outlook Net Sales by Product
FY2026 Outlook (April 2026 to March 2027) Net Sales (by Product / YoY Change) Demand for new vehicles is expected to remain solid, while service parts are expected to recover from the second quarter onward. Sales of both line parts and service parts are expected to increase under the Company's s
Slide 21: FY2026 Outlook YoY Changes in Net Sales
FY2026 Outlook (April 2026 to March 2027) YoY Changes in Net Sales In the construction machinery filter business, sales of line parts are expected to increase, driven by a recovery in demand for new vehicles and the Company's market share expansion strategy through the supply of high-value-added p
Slide 22: FY2026 Outlook Changes in Operating Profit
FY2026 Outlook (April 2026 to March 2027) Changes in Operating Profit (vs. Results) Although upfront investments and increased costs associated with launching new businesses are expected, these will be covered through increased sales volume and cost reductions, and consolidated results are forecas
Slide 23: Non-Financial Information
Q2 FY2026 Non-Financial Information 2026 ©YAMASHIN-FILTER CORP. All rights reserved.
Slide 24: Progress on ESG Investment Indices (FTSE, CDP)
Non-Financial Information Progress on ESG Investment Indices (FTSE, CDP) The FTSE score has continued to be maintained at a high level, and the Company was selected as a constituent of the “FTSE JPX Blossom Japan Index” for the 2nd consecutive year and of the “FTSE JPX Blossom Japan Sector Relativ
Slide 25: Reference - Q1 FY2026
Reference - Q1 FY2026 2026 ©YAMASHIN-FILTER CORP. All rights reserved.
Slide 26: Quantitative Targets (Consolidated)
Quantitative Targets (Consolidated) MAVY's ROIC Prv: (0.7%) Prv: 7.2% Cur: 0.4% Cur: 8.0% Financial ROE WACC Prv: 7.6% Prv: 7.9% Cur: 8.8% Cur: 7.6% FTSE Prv: 3.8 Cur: 3.7 Non-Financial MAVY Information CDP Prv: A Cur: A DOE Prv: 5.5% Cur: 6.1% Dividend Payout Ratio Shareholder Returns Prv: 73.1% Cu
Slide 27: Quantitative Targets (Construction Machinery Filter)
Quantitative Targets (Construction Machinery Filter) Share expansion across three strategic axes 1 2 High value-added products 3 Advance aftermarket activities (customers, technology, and regions) Key Success Factor Key Goal Indicator (KGI) Key Performance Indicator (KPI) Departments (KSF) Sales gro
Slide 28: Quantitative Targets (Air Filter)
Quantitative Targets (Air Filter) Developing new sales High value-added products (PFAS/PFOS-free, reduced CO2 emissions, 1 2 channels (B2B) and lower energy consumption) Key Success Factor Key Goal Indicator (KGI) Key Performance Indicator (KPI) Departments (KSF) Sales growth ratio Strengthen direct
Slide 29: Results (July to September 2026) Net Sales by Region
Q2 FY2026 Results (July to September 2026) Net Sales (by Region) New vehicle demand increased on the back of AI data center demand in North America, and demand for service parts is also on a recovering trend. Net sales by region FY2025 FY2026 YoY change Q2 Results Q2 Results Amount (Million yen)
Slide 30: Cumulative Results Net Sales by Region
Q2 FY2026 Cumulative Results (April to September 2026) Net Sales (by Region) New vehicle demand increased on the back of AI data center demand in North America, and demand for service parts is also on a recovering trend. Net sales by region FY2025 FY2026 YoY change Q2 Results Q2 Results Amount (
Slide 31: FY2026 Outlook Net Sales by Region
FY2026 Outlook (April 2026 to March 2027) Net Sales (by Region / YoY Change) Demand in each market is expected to remain firm, mainly driven by increased AI data center demand in the North American market and robust infrastructure investment. Net sales by region FY2024 Results FY2025 FY2026 YoY
Slide 32: Confirmed Order Backlog and Net Sales (Construction Machinery Filter)
Confirmed Order Backlog and Net Sales (Construction Machinery Filter Business) Against a backdrop of a solid external environment, our market share expansion strategy in the North American market and our strategy to expand the supply of high-value-added products paid off, and the confirmed order b
Slide 33: Status of Forex Transactions (April to September 2026)
Status of Forex Marry Transactions (April to September 2026) FX sensitivity is 0.17%, and the impact on operating profit is negligible. JPY JPY 70% 60% Sales subsidiary USD USD Suppliers Head Manufacturing Customers Expenses 22% office subsidiary 26% Payments Other Other 8% 14% (of which PHP 7%) A
Slide 34: PAC26 (April 2026 to March 2027)
PAC26 (April 2026 to March 2027) PAC26 initiatives are steadily advancing. Progress (YoY) (Million yen) 55.7% SG&A Full-Year Mfg. costs expenses Progress 73 Rate 0 62 1 51 52 1 0 37 40 1 1 73 61 52 Full-Year Full-Year 50 Million yen 40 Targets Results 37 Mfg. costs 201 112 PAC26 SG&A Q1 Q1 Q2 Q2
Slide 35: Disclaimer and Investor Relations Contact
The forward-looking statements in this document, including the forecast of results of operations, are based on information currently available to the Company. Actual results may differ from these forecasts due to a variety of factors, including market trends and business conditions. For inquiries re