Worth reading
52Recurring
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
2879
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter (interim period) of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,482 million+12.2%
Operating profit¥1,663 million+114.0%
Ordinary income¥1,274 million+202.4%
Net income¥839 million +21.5%interim net income attributable to owners of the parent
Full-year earnings forecast
Net Sales
¥50,000 million
Operating profit
¥2,400 million
Ordinary income
¥1,600 million
Net income for the current fiscal year
¥1,000 million
Earnings per share
87.11 yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Sales and profit exceeded forecasts through the first half.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Production fluctuations (electrification-related)3,044
Production fluctuations (other businesses)-1,942
Special factors (recovery of tooling investment costs)95
Foreign-Exchange Movements1,682
Operating profit
Production fluctuations (electrification-related)-296
Production fluctuations (other businesses)226
Impact of streamlining measures, etc.95
Special factors (recovery of tooling investment costs)84
Foreign-Exchange Movements-33
Ordinary income
Year-on-year operating profit885
Change in non-operating income and expenses-33
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Thai baht exchange rate4.88
Chinese yuan exchange rate23.22
New initiatives
- Start of mass production of EV body-frame components for Super-ONE in Japan
- Start of mass production in China of battery cases and covers for large commercial vehicles for CATL
- Introduction of a flextime system in October 2026
- Patent obtained for laser welding
Key KPIsA metric the company considers important as a management benchmark.
- Electrification revenue ratio in China32.8 %
- Supply volume of battery cases and covers for CATL10 10,000 units/month
- Equity ratio35.5 %
- Free cash flow¥-1,368 million
Segment results
Japan
Net Sales
¥9,968 million+12.7%
Operating profit
¥186 million+61.5%
Ordinary income
¥515 million+29.0%
Thailand
Net Sales
¥2,736 million-15.5%
Operating profit
¥71 million-51.1%
Ordinary income
¥31 million-67.6%
China
Net Sales
¥13,901 million+18.8%
Operating profit
¥1,457 million+175.0%
Ordinary income
¥1,148 million+330.7%
Capital expenditures
¥845 million
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥26,482 million (YoY +12.2%) |
| Operating profit | ¥1,663 million (YoY +114.0%) |
| Ordinary income | ¥1,274 million (YoY +202.4%) |
| Net income | ¥839 million (interim net income attributable to owners of the parent) (YoY +21.5%) |
| Full-year earnings forecast | Net Sales ¥50,000 million / Operating profit ¥2,400 million / Ordinary income ¥1,600 million / Net income for the current fiscal year ¥1,000 million / Earnings per share 87.11 yen |
| Self-assessment against the plan | Sales and profit exceeded forecasts through the first half. |
| Segment results | Japan Net Sales ¥9,968 million (YoY +12.7%) / Operating profit ¥186 million (YoY +61.5%) / Ordinary income ¥515 million (YoY +29.0%) / Thailand Net Sales ¥2,736 million (YoY -15.5%) / Operating profit ¥71 million (YoY -51.1%) / Ordinary income ¥31 million (YoY -67.6%) / China Net Sales ¥13,901 million (YoY +18.8%) / Operating profit ¥1,457 million (YoY +175.0%) / Ordinary income ¥1,148 million (YoY +330.7%) |
| Breakdown of Factors Affecting the Change | Net Sales Production fluctuations (electrification-related) 3,044 / Production fluctuations (other businesses) -1,942 / Special factors (recovery of tooling investment costs) 95 / Foreign-Exchange Movements 1,682 / Operating profit Production fluctuations (electrification-related) -296 / Production fluctuations (other businesses) 226 / Impact of streamlining measures, etc. 95 / Special factors (recovery of tooling investment costs) 84 / Foreign-Exchange Movements -33 / Ordinary income Year-on-year operating profit 885 / Change in non-operating income and expenses -33 |
| Key KPIs | Electrification revenue ratio in China 32.8 %, Supply volume of battery cases and covers for CATL 10 10,000 units/month, Equity ratio 35.5 %, Free cash flow ¥-1,368 million |
| Assumptions Underlying the Business Outlook | Thai baht exchange rate 4.88 / Chinese yuan exchange rate 23.22 |
| Capital expenditures | ¥845 million |
| New initiatives | Start of mass production of EV body-frame components for Super-ONE in Japan, Start of mass production in China of battery cases and covers for large commercial vehicles for CATL, Introduction of a flextime system in October 2026, Patent obtained for laser welding |
Items this document does not state (17)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout 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.Higher production of electrification components in China, an increase in newly ordered vehicle models, rationalization measures, workforce optimization and fixed-cost reductions contributed to higher revenue and profit. In Thailand, revenue and profit declined due to production cuts by major customers. The company cited its expectation of continued growth in the electrification business, while production cuts by major customers, mainly overseas, are expected to continue and the outlook remains uncertain, as the reason for leaving the full-year forecast unchanged.
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.