Worth reading
47Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
27.3
Year-on-year decrease in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter2023年4月1日〜2023年12月31日ConsolidatedJapanese GAAPNet Sales21,525¥ millionYear on year -0.2%Progress 68.3%
Operating profit523¥ millionYear on year -27.3%Progress 45.5%
Ordinary income599¥ millionYear on year -32.9%Progress 54.0%
Net income attributable to owners of the parent371¥ millionYear on year -38.0%Progress 48.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥54.13
Financial position at period-end
Total assets19,196¥ million
of which net assets 7,825 ¥ millionEquity ratio 40.6%vs. prior year-end +1.4pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenue
Cutting Tool Business12,37759.0%-0.8%
Wear-resistant tools business2,09310.0%+8.0%
Overseas operations5,41425.8%+0.4%
Optical products business1,0635.1%-13.7%
e-Commerce business330.2%+119.6%
Segment profit
Cutting Tool Business119
Wear-resistant tools business160
Overseas operations178
Optical products business46
e-Commerce business-55
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥31,500 million (YoY +9.2%)
Operating profit¥1,150 million (YoY +21.3%)
Ordinary income¥1,110 million (YoY +5.2%)
Net income¥762 million (YoY +2.6%)
Annual Dividend Forecast¥33 → ¥35（+6.1%）
Factors Behind Changes in Business Performance
中国経済の長期低迷により海外事業が伸び悩んだほか、切削工具事業では中国向け輸出を主体とする顧客への販売が低迷し、光製品事業では主要顧客の中国向け需要減でマシンビジョン関連ビジネスが低迷した。
Disclosure regarding the going concern assumption
None ("There are no applicable matters.")
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0社（重要な子会社の異動なし） / Excluded 0社（重要な子会社の異動なし） / Company name None
Impairment loss¥1 million
Breakdown of extraordinary income (loss)Extraordinary income Insurance surrender value ¥3 million, Gain on sale of non-current assets ¥2 million, Gain on sale of investment securities ¥13 million / Extraordinary loss Impairment Losses ¥1 million, Loss on Disposal of Fixed Assets ¥18 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End6,868,840株
Treasury Shares at Period-End335株
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2023年4月1日〜2023年12月31日 |
| Net Sales | ¥21,525 million (YoY -0.2%) |
| Operating profit | ¥523 million (YoY -27.3%) |
| Ordinary income | ¥599 million (YoY -32.9%) |
| Profit attributable to owners of the parent | ¥371 million (YoY -38.0%) |
| Net income per share | ¥54.13 |
| Equity ratio | End of the current fiscal period 40.6 / End of previous period 39.2 |
| Total assets | ¥19,196 million |
| Net assets | ¥7,825 million |
| Full-year earnings forecast | Net Sales ¥31,500 million (YoY +9.2%) / Operating profit ¥1,150 million (YoY +21.3%) / Ordinary income ¥1,110 million (YoY +5.2%) / Net income ¥762 million (YoY +2.6%) |
| Annual Dividend Forecast | ¥33 → ¥35（+6.1%） |
| Segment revenue | Cutting Tool Business ¥12,377 million (YoY -0.8%) / Wear-resistant tools business ¥2,093 million (YoY +8.0%) / Overseas operations ¥5,414 million (YoY +0.4%) / Optical products business ¥1,063 million (YoY -13.7%) / e-Commerce business ¥33 million (YoY +119.6%) |
| Segment profit | Cutting Tool Business ¥119 million / Wear-resistant tools business ¥160 million / Overseas operations ¥178 million / Optical products business ¥46 million / e-Commerce business ¥-55 million |
| Impairment loss | ¥1 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Insurance surrender value ¥3 million, Gain on sale of non-current assets ¥2 million, Gain on sale of investment securities ¥13 million / Extraordinary loss Impairment Losses ¥1 million, Loss on Disposal of Fixed Assets ¥18 million |
| Disclosure regarding the going concern assumption | None ("There are no applicable matters.") |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0社（重要な子会社の異動なし） / Excluded 0社（重要な子会社の異動なし） / Company name None |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 6,868,840株 |
| Treasury Shares at Period-End | 335株 |
| Factors Behind Changes in Business Performance | 中国経済の長期低迷により海外事業が伸び悩んだほか、切削工具事業では中国向け輸出を主体とする顧客への販売が低迷し、光製品事業では主要顧客の中国向け需要減でマシンビジョン関連ビジネスが低迷した。 |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationMaterial subsequent events
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.主要進出国である中国における急速な経済失速を背景に海外事業が伸び悩んだほか、切削工具事業と光製品事業でも売上高・利益が伸び悩んだため。海外事業では、中国経済の長期下振れの影響を、円安やインドなど一部地域・鉱物資源販売の好調だけでは吸収できなかった。
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.