Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
3290
¥ million (increase from the initial full-year net sales forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥24,639 million+15.2%
Operating profit¥3,849 million+35.2%
Ordinary income¥3,735 million+15.8%
Net income¥2,510 million +16.2%interim net income attributable to owners of the parent
Selling, general and administrative expenses¥4,989 million
Gross Profit Margin
Rate35.9
Year-on-year change (points)1.6
Operating profit margin
Rate15.6
Year-on-year change (points)2.3
Results for the three months of the current quarter
Analytical instruments business
Net Sales
¥4,631 million
Operating profit
¥381 million
Semiconductor Business
Net Sales
¥7,159 million
Operating profit
¥1,462 million
Automatic identification business
Net Sales
¥438 million
Operating profit
¥34 million
Full-year earnings forecast
Net Sales
¥53,290 million
Operating profit
¥8,220 million
Ordinary income
¥8,150 million
Profit attributable to owners of the parent
¥5,790 million
Operating profit margin
15.4 %
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Consolidated
Net Sales46.2
Operating profit46.8
Analytical instruments business
Net Sales42.2
Operating profit29.8
Semiconductor Business
Net Sales49.9
Operating profit55.5
Automatic identification business
Net Sales40.9
Operating profit12
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Semiconductor Business net sales are tracking above planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated net sales increased by ¥3,255 million year on year, and operating profit increased by ¥1,003 million. The main factors were higher revenue in the Semiconductor Business, high factory utilization and improved production efficiency, higher revenue in the Analytical Instruments Business, and the absence of the equipment relocation costs for the new production building incurred in the previous fiscal year. The Automatic Identification Business reported lower profit because its lower revenue was insufficient to absorb fixed costs. The factor-by-factor monetary bridge is Not disclosed.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The new Vietnam factory in the Semiconductor Business will have production capacity equivalent to annual sales of more than ¥3 billion at full operation. Numerical assumptions for other exchange rates, raw material prices, interest rates and other items are Not disclosed.New initiatives
- Launch of new analytical instruments and consumables, including products for PFAS analysis
- Establishment of an expanded production system ahead of the scheduled start of operations at the new Vietnam factory in January 2027
- Development and expanded sales of high-value-added products in the Semiconductor Business
- Holding briefing sessions for individual investors
- Launch of a new “GL Techno Explained” page for individual investors
Key KPIsA metric the company considers important as a management benchmark.
- Semiconductor business orders received¥9,419 million
- Semiconductor business order backlog¥16,424 million
- Percentage of analytical instruments business sales generated by in-house consumables55.1 %
- Recurring revenue mix of the Analytical Instruments BusinessApproximately 70%
- Number of meetings with institutional investors and analysts43 Deals
- Market capitalization at the end of September 2026¥757 100 million
Segment results
- Analytical instruments businessNet Sales¥9,629 million (YoY +7.1%)Operating profit¥786 million (YoY +22.2%)
- Semiconductor BusinessNet Sales¥14,211 million (YoY +23.8%)Operating profit¥3,048 million (YoY +41.0%)
- Automatic identification businessNet Sales¥798 million (YoY -13.2%)Operating profit¥7 million (YoY -71.8%)
Medium-term management plan targets
Mid-term plan covering the fiscal years ending March 2025 through March 2027
Target fiscal yearFiscal year ending March 2027
Operating profit margin15.5%
ROE13% or more
Actual versus forecast
Revised forecast net sales for the fiscal year ending March 202753,290
Revised forecast operating profit for the fiscal year ending March 20278,220
Revised forecast operating profit margin for the fiscal year ending March 202715.4%
Financial targets
ROE target13% or more
Operating profit margin target15.5%
Revised forecast operating profit margin for the fiscal year ending March 202715.4%
Orders received and order backlog
Orders received¥9,419 million Semiconductor Business, second quarter of the fiscal year ending March 2027
Order backlog¥16,424 million Semiconductor Business, second quarter of the fiscal year ending March 2027
Number of stores and locations
The Semiconductor Business has 7 sites in total, comprising 5 domestic sites and 2 overseas sites. The number of openings and closures during the period is Not disclosed. Operations at the new Vietnam factory are scheduled to begin in January 2027.Number of employees
Employee numbers at existing Semiconductor Business production sites were reported as follows: Zao 152, Zao South 110, Zao West 6, Yamagata 13, Kitakata 45, and China 282. Vietnam was not reported. Total company headcount, changes during the period and the hiring plan are Not disclosed.Annual Dividend
Annual dividend per share¥126
Payout ratio
Rate30 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥24,639 million (YoY +15.2%) |
| Operating profit | ¥3,849 million (YoY +35.2%) |
| Ordinary income | ¥3,735 million (YoY +15.8%) |
| Net income | ¥2,510 million (interim net income attributable to owners of the parent) (YoY +16.2%) |
| Gross Profit Margin | Rate 35.9 / Year-on-year change (points) 1.6 |
| Operating profit margin | Rate 15.6 / Year-on-year change (points) 2.3 |
| Selling, general and administrative expenses | ¥4,989 million |
| Results for the three months of the current quarter | Analytical instruments business Net Sales ¥4,631 million / Operating profit ¥381 million / Semiconductor Business Net Sales ¥7,159 million / Operating profit ¥1,462 million / Automatic identification business Net Sales ¥438 million / Operating profit ¥34 million |
| Full-year earnings forecast | Net Sales ¥53,290 million / Operating profit ¥8,220 million / Ordinary income ¥8,150 million / Profit attributable to owners of the parent ¥5,790 million / Operating profit margin 15.4 % |
| Progress against full-year forecast | Consolidated Net Sales 46.2 / Operating profit 46.8 / Analytical instruments business Net Sales 42.2 / Operating profit 29.8 / Semiconductor Business Net Sales 49.9 / Operating profit 55.5 / Automatic identification business Net Sales 40.9 / Operating profit 12 |
| Self-assessment against the plan | Semiconductor Business net sales are tracking above plan |
| Segment results | Segment Analytical instruments business / Net Sales ¥9,629 million (YoY +7.1%) / Operating profit ¥786 million (YoY +22.2%), Segment Semiconductor Business / Net Sales ¥14,211 million (YoY +23.8%) / Operating profit ¥3,048 million (YoY +41.0%), Segment Automatic identification business / Net Sales ¥798 million (YoY -13.2%) / Operating profit ¥7 million (YoY -71.8%) |
| Breakdown of Factors Affecting the Change | Consolidated net sales increased by ¥3,255 million year on year, and operating profit increased by ¥1,003 million. The main factors were higher revenue in the Semiconductor Business, high factory utilization and improved production efficiency, higher revenue in the Analytical Instruments Business, and the absence of the equipment relocation costs for the new production building incurred in the previous fiscal year. The Automatic Identification Business reported lower profit because its lower revenue was insufficient to absorb fixed costs. The factor-by-factor monetary bridge is Not disclosed. |
| Key KPIs | Indicator name Semiconductor business orders received / Value ¥9,419 million / Year on year against the same period last year Not disclosed, Indicator name Semiconductor business order backlog / Value ¥16,424 million / Year on year against the same period last year Not disclosed, Indicator name Percentage of analytical instruments business sales generated by in-house consumables / Value 55.1 % / Year on year against the same period last year Not disclosed, Indicator name Recurring revenue mix of the Analytical Instruments Business / Value Approximately 70% / Year on year against the same period last year Not disclosed, Indicator name Number of meetings with institutional investors and analysts / Value 43 Deals / Year on year against the same period last year Not disclosed, Indicator name Market capitalization at the end of September 2026 / Value ¥757 100 million / Year on year against the same period last year Not disclosed |
| Number of stores and locations | The Semiconductor Business has 7 sites in total, comprising 5 domestic sites and 2 overseas sites. The number of openings and closures during the period is Not disclosed. Operations at the new Vietnam factory are scheduled to begin in January 2027. |
| Number of employees | Employee numbers at existing Semiconductor Business production sites were reported as follows: Zao 152, Zao South 110, Zao West 6, Yamagata 13, Kitakata 45, and China 282. Vietnam was not reported. Total company headcount, changes during the period and the hiring plan are Not disclosed. |
| Assumptions Underlying the Business Outlook | The new Vietnam factory in the Semiconductor Business will have production capacity equivalent to annual sales of more than ¥3 billion at full operation. Numerical assumptions for other exchange rates, raw material prices, interest rates and other items are Not disclosed. |
| Medium-term management plan targets | Subject Mid-term plan covering the fiscal years ending March 2025 through March 2027 / Target fiscal year Fiscal year ending March 2027 / Operating profit margin 15.5% / ROE 13% or more / Actual versus forecast Revised forecast net sales for the fiscal year ending March 2027 53,290 / Revised forecast operating profit for the fiscal year ending March 2027 8,220 / Revised forecast operating profit margin for the fiscal year ending March 2027 15.4% |
| Financial targets | ROE target 13% or more / Actual ROE Not disclosed / Operating profit margin target 15.5% / Revised forecast operating profit margin for the fiscal year ending March 2027 15.4% |
| Annual Dividend | Annual dividend per share ¥126 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | Rate 30 % / Total payout ratio Not disclosed / DOE Not disclosed |
| Orders received and order backlog | Orders received ¥9,419 million (Semiconductor Business, second quarter of the fiscal year ending March 2027) / Order backlog ¥16,424 million (Semiconductor Business, second quarter of the fiscal year ending March 2027) |
| New initiatives | Launch of new analytical instruments and consumables, including products for PFAS analysis, Establishment of an expanded production system ahead of the scheduled start of operations at the new Vietnam factory in January 2027, Development and expanded sales of high-value-added products in the Semiconductor Business, Holding briefing sessions for individual investors, Launch of a new “GL Techno Explained” page for individual investors |
Items this document does not state (6)
Unit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Semiconductor Business maintained high factory utilization against a substantial order backlog and progressed ahead of the initial forecast. The company expects the order backlog to remain high, supported by favorable order conditions.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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