Worth reading
72In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
6930
¥ millions (operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥72,512 million+38.1%
Operating profit¥6,930 million+183.4%
Ordinary income¥7,143 million+248.0%
Net income¥5,691 million+349.0%
Operating profit margin9.6 %
Results for the three months of the current quarterRevenue of ¥72,512 million, operating profit of ¥6,930 million, ordinary profit of ¥7,143 million, and quarterly net profit attributable to owners of the parent of ¥5,691 million. Figures are presented for Q1 alone.
Full-year earnings forecast
Net Sales
¥265,000 million
Operating profit
¥14,700 million
Ordinary income
¥14,000 million
Profit attributable to owners of the parent
¥9,200 million
EBITDA
¥19,700 million
ROE
14.5 %
ROIC
7.1 %
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 revenue27.4%
Consolidated operating profit47.1%
Consolidated ordinary income51.0%
Profit attributable to owners of parent for the quarter61.9%
EBITDA41.0%
By segmentElectronic Functional Materials: revenue 33.8%, profit 61.3%; Aluminum and Copper: revenue 27.2%, profit 129.5%; Equipment and Materials: revenue 23.3%, profit 44.3%; Metal Processing: revenue 26.7%, profit 31.1%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Volume factor+¥6.1 billion
- Market conditions and margin improvement+¥24.4 billion
- Currency factor+¥4.4 billion
- Manufacturing segment, excluding foreign exchange factor+¥13.3 billion
- SG&A expenses, excluding foreign exchange factor-¥2.5 billion
- Non-Operating Income and Expenses+¥4.9 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Aluminum market conditionsUS$3,100/MT
Copper market conditionsUS$13,000/MT
Nickel market conditionsUS$17,500/MT
Foreign Exchange¥155/US$
New initiatives
- Construction of a new Osasao Plant for 大川電機製作所
- Investment of approximately ¥7.5 billion in the plant
- Strengthening the production system to more than double current production capacity
Segment results
Electronic Functional Materials
Net Sales¥16,218 million (up 68.6% year on year)
Segment profit¥2,757 million (up 207.6% year on year)
Aluminum and Copper
Net Sales¥29,895 million (up 37.9% year on year)
Segment profit¥1,295 million (compared with a loss of ¥88 million in the same period of the previous year)
Trading and Distribution Total
Net Sales¥46,114 million (up 47.3% year on year)
Segment profit¥4,053 million (up 401.4% year on year)
Equipment and Materials
Net Sales¥14,660 million (up 29.0% year on year)
Segment profit¥1,551 million (up 1,653.1% year on year)
Metal Processing
Net Sales¥11,738 million (up 19.3% year on year)
Segment profit¥1,555 million (up 40.0% year on year)
Manufacturing Total
Net Sales¥26,398 million (up 24.5% year on year)
Segment profit¥3,107 million (up 159.0% year on year)
Medium-term management plan targets
Long-Term Management Plan 2030
Target fiscal yearFiscal year ending March 2031
Ordinary income
¥15,000 million
ROE12% or more
ROIC8% or higher
Financial targets
ROE
Target12% or more
Revised outlook for the fiscal year ending March 202714.5%
ROIC
Target8% or higher
Revised outlook for the fiscal year ending March 20277.1%
Net debt-to-equity ratio
Actual results0.5 (0.4 at the end of the previous fiscal year)
Equity ratio
Actual results35.6% (39.0% at the end of the previous fiscal year)
Capital expenditures
¥7,500 millions including land acquisition costs for the Osasao Plant of 大川電機製作所
Annual Dividend
Annual¥95 (forecast)
Interim¥47
End of period¥48
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥72,512 million (YoY +38.1%) |
| Operating profit | ¥6,930 million (YoY +183.4%) |
| Ordinary income | ¥7,143 million (YoY +248.0%) |
| Net income | ¥5,691 million (YoY +349.0%) |
| Operating profit margin | 9.6 % |
| Results for the three months of the current quarter | Revenue of ¥72,512 million, operating profit of ¥6,930 million, ordinary profit of ¥7,143 million, and quarterly net profit attributable to owners of the parent of ¥5,691 million. Figures are presented for Q1 alone. |
| Full-year earnings forecast | Net Sales ¥265,000 million / Operating profit ¥14,700 million / Ordinary income ¥14,000 million / Profit attributable to owners of the parent ¥9,200 million / EBITDA ¥19,700 million / ROE 14.5 % / ROIC 7.1 % |
| Progress against full-year forecast | Consolidated revenue 27.4% / Consolidated operating profit 47.1% / Consolidated ordinary income 51.0% / Profit attributable to owners of parent for the quarter 61.9% / EBITDA 41.0% / By segment Electronic Functional Materials: revenue 33.8%, profit 61.3%; Aluminum and Copper: revenue 27.2%, profit 129.5%; Equipment and Materials: revenue 23.3%, profit 44.3%; Metal Processing: revenue 26.7%, profit 31.1% |
| Segment results | Electronic Functional Materials Net Sales ¥16,218 million (up 68.6% year on year) / Segment profit ¥2,757 million (up 207.6% year on year) / Aluminum and Copper Net Sales ¥29,895 million (up 37.9% year on year) / Segment profit ¥1,295 million (compared with a loss of ¥88 million in the same period of the previous year) / Trading and Distribution Total Net Sales ¥46,114 million (up 47.3% year on year) / Segment profit ¥4,053 million (up 401.4% year on year) / Equipment and Materials Net Sales ¥14,660 million (up 29.0% year on year) / Segment profit ¥1,551 million (up 1,653.1% year on year) / Metal Processing Net Sales ¥11,738 million (up 19.3% year on year) / Segment profit ¥1,555 million (up 40.0% year on year) / Manufacturing Total Net Sales ¥26,398 million (up 24.5% year on year) / Segment profit ¥3,107 million (up 159.0% year on year) |
| Breakdown of Factors Affecting the Change | Factors Volume factor / Amount +¥6.1 billion, Factors Market conditions and margin improvement / Amount +¥24.4 billion, Factors Currency factor / Amount +¥4.4 billion, Factors Manufacturing segment, excluding foreign exchange factor / Amount +¥13.3 billion, Factors SG&A expenses, excluding foreign exchange factor / Amount -¥2.5 billion, Factors Non-Operating Income and Expenses / Amount +¥4.9 billion |
| Assumptions Underlying the Business Outlook | Aluminum market conditions US$3,100/MT / Copper market conditions US$13,000/MT / Nickel market conditions US$17,500/MT / Foreign Exchange ¥155/US$ |
| Medium-term management plan targets | Subject Long-Term Management Plan 2030 / Target fiscal year Fiscal year ending March 2031 / Ordinary income ¥15,000 million / ROE 12% or more / ROIC 8% or higher |
| Financial targets | ROE Target 12% or more / Revised outlook for the fiscal year ending March 2027 14.5% / ROIC Target 8% or higher / Revised outlook for the fiscal year ending March 2027 7.1% / Net debt-to-equity ratio Actual results 0.5 (0.4 at the end of the previous fiscal year) / Equity ratio Actual results 35.6% (39.0% at the end of the previous fiscal year) |
| Annual Dividend | Annual ¥95 (forecast) / Interim ¥47 / End of period ¥48 |
| Capital expenditures | ¥7,500 millions (including land acquisition costs for the Osasao Plant of 大川電機製作所) |
| New initiatives | Construction of a new Osasao Plant for 大川電機製作所, Investment of approximately ¥7.5 billion in the plant, Strengthening the production system to more than double current production capacity |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket 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.Demand for semiconductor-related products originating from AI and data centers remained strong in Japan and North America. Contributions came from rare-metal transactions, aluminum and copper scrap transactions, semiconductor-related materials and electrical equipment materials in North America, and components for semiconductor manufacturing and packaging equipment. Higher market prices for aluminum, copper and rare metals, as well as special demand arising from concerns over scrap supplies, also boosted profit.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.