Worth reading
45Recurring
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
6.2
x (year-on-year revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials on financial resultsSecond quarter (interim period) of the fiscal year ending February 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,534 million
Operating profit¥32 million
Ordinary income¥-76 million
Net income¥-248 million
Operating profit margin0.2%
Selling, general and administrative expenses¥1,476 million
Full-year earnings forecast
Net Sales
¥35,000 million
Operating profit
¥1,600 million
Ordinary income
¥1,250 million
Net income
¥680 million
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。
Net Sales44.4%
Operating profit2.0%
Consolidated totalRevenue 44.4%, operating profit 2.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue exceeded forecasts, while operating profit fell short. Revenue from the grid-scale battery storage business was below plan, while the GPU server business and apparel and other businesses were broadly in line with plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue growth factor: earlier-than-planned GPU server orders. Operating profit shortfall factors: the sale of only 1 grid-scale battery storage project and accelerated recognition of upfront investment costs for new and other businesses. Amounts by factor: Not disclosed.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company plans for operating profit of ¥1,568 million in the second half. The outlook assumes and cites as factors the grid-scale battery storage business being weighted toward the second half, continued strong performance in the GPU server and other businesses, profit contributions from battery storage project sales and in-house operation, and the sale of チチカカ. Numerical assumptions for foreign exchange rates, raw material prices and other factors: Not disclosed.New initiatives
- Execution of a master agreement with Kaga Electronics for a contract manufacturing partnership for GPU servers
- Execution of a comprehensive basic agreement with CEC Corporation concerning the GPU data center business
- Entry into the data center business
- Sales and in-house operation of grid-scale battery storage sites
Key KPIsA metric the company considers important as a management benchmark.
- Annual shipment capacity of All-in-One SS battery storage systems>200
- Number of battery storage sites currently held4 Engagements
- Management metric for aged inventoryLess than 90
Segment results
Apparel and Related Businesses
Net Sales1,570
Revenue unit¥ million
Operating profit-128
Operating profit unit¥ million
Grid-Scale Battery Business
Net Sales666
Revenue unit¥ million
Operating profit31
Operating profit unit¥ million
GPU Server and Related Businesses
Net Sales13,298
Revenue unit¥ million
Operating profit365
Operating profit unit¥ million
Medium-term management plan targets
FY2027.2
Net Sales26,000
Operating profit1,100
Operating profit margin4.2%
FY2028.2
Net Sales40,900
Operating profit2,150
Operating profit margin5.3%
FY2029.2
Net Sales63,170
Operating profit3,670
Operating profit margin5.8%
| Item | Details |
|---|---|
| Document type | Presentation materials on financial results |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending February 2027 |
| Net Sales | ¥15,534 million |
| Operating profit | ¥32 million |
| Ordinary income | ¥-76 million |
| Net income | ¥-248 million |
| Operating profit margin | 0.2% |
| Selling, general and administrative expenses | ¥1,476 million |
| Full-year earnings forecast | Net Sales ¥35,000 million / Operating profit ¥1,600 million / Ordinary income ¥1,250 million / Net income ¥680 million |
| Progress against full-year forecast | Net Sales 44.4% / Operating profit 2.0% / Consolidated total Revenue 44.4%, operating profit 2.0% |
| Self-assessment against the plan | Revenue exceeded forecasts, while operating profit fell short. Revenue from the grid-scale battery storage business was below plan, while the GPU server business and apparel and other businesses were broadly in line with plan. |
| Segment results | Apparel and Related Businesses Net Sales 1,570 / Revenue unit ¥ million / Operating profit -128 / Operating profit unit ¥ million / Year on year against the same period last year Not disclosed / Grid-Scale Battery Business Net Sales 666 / Revenue unit ¥ million / Operating profit 31 / Operating profit unit ¥ million / Year on year against the same period last year Not disclosed / GPU Server and Related Businesses Net Sales 13,298 / Revenue unit ¥ million / Operating profit 365 / Operating profit unit ¥ million / Year on year against the same period last year Not disclosed |
| Breakdown of Factors Affecting the Change | Revenue growth factor: earlier-than-planned GPU server orders. Operating profit shortfall factors: the sale of only 1 grid-scale battery storage project and accelerated recognition of upfront investment costs for new and other businesses. Amounts by factor: Not disclosed. |
| Key KPIs | Indicator name Annual shipment capacity of All-in-One SS battery storage systems / Value >200 / Year on year against the same period last year Not disclosed, Indicator name Number of battery storage sites currently held / Value 4 Engagements / Year on year against the same period last year Not disclosed, Indicator name Management metric for aged inventory / Value Less than 90 / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | The company plans for operating profit of ¥1,568 million in the second half. The outlook assumes and cites as factors the grid-scale battery storage business being weighted toward the second half, continued strong performance in the GPU server and other businesses, profit contributions from battery storage project sales and in-house operation, and the sale of チチカカ. Numerical assumptions for foreign exchange rates, raw material prices and other factors: Not disclosed. |
| Medium-term management plan targets | FY2027.2 Net Sales 26,000 / Operating profit 1,100 / Operating profit margin 4.2% / FY2028.2 Net Sales 40,900 / Operating profit 2,150 / Operating profit margin 5.3% / FY2029.2 Net Sales 63,170 / Operating profit 3,670 / Operating profit margin 5.8% |
| New initiatives | Execution of a master agreement with Kaga Electronics for a contract manufacturing partnership for GPU servers, Execution of a comprehensive basic agreement with CEC Corporation concerning the GPU data center business, Entry into the data center business, Sales and in-house operation of grid-scale battery storage sites |
Items this document does not state (14)
Gross Profit MarginResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.The increase in revenue was primarily due to securing GPU server orders substantially earlier than initially planned. The operating profit shortfall was primarily due to the sale of only 1 grid-scale battery storage project and the accelerated recognition of upfront investment costs, including personnel hiring to accelerate growth in new and other businesses.
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.