Fiscal Year Ending March 2027 First-Quarter Financial Results Presentation | ALPHA Corporation (3434) timely disclosure

Worth reading

70In focus

Scored from 5 of 6 sections

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

3090

Millions of yen

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial Results PresentationFirst quarter 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 Sales19,793 Millions of yen+18.5%

Operating profit310 Millions of yen

Ordinary income269 Millions of yen

Net income60 Millions of yen-73.9%

Gross Profit Margin15.7%; the stated change from the same period of the previous year is +1.5 pt. The financial results highlights in the main text state an improvement of 2.6 percentage points

Operating profit margin1.6%; +2.2 pt year on year

Full-year earnings forecast

Net Sales

73,000 Millions of yen

Operating profit

1,500 Millions of yen

Ordinary income

1,300 Millions of yen

Profit attributable to owners of the parent

1,000 Millions of yen

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Automotive parts business100 Millions of yen
Impact of higher revenue1,124 Millions of yen
Decline in contribution margin accompanying lower sales in the Security Equipment business-927 Millions of yen
Improvements in direct material costs and other factors360 Millions of yen
Increase in labor costs-81 Millions of yen
Loss expenses-53 Millions of yen
Other-75 Millions of yen

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

¥150
AssumptionsUSD exchange rate
¥175
AssumptionsEUR exchange rate

Key KPIsA metric the company considers important as a management benchmark.

Production change rate at key customers in Japan Automotive0.8 %
Production change rate at key customers in North America Automotive-2.5 %
Production change rate at key customers in Asia Automotive-1.1 %

Segment results

Japan Automotive

Net Sales

Q1 FY2026.31,799 Millions of yen

Q1 FY2027.32,269 Millions of yen

Change Rate+26.1%

Operating profit

Q1 FY2026.3-16 Millions of yen

Q1 FY2027.3178 Millions of yen

North America Automotive

Net Sales

Q1 FY2026.33,534 Millions of yen

Q1 FY2027.34,118 Millions of yen

Change Rate-18.7%

Operating profit

Q1 FY2026.3-110 Millions of yen

Q1 FY2027.3-23 Millions of yen

Asia Automotive

Net Sales

Q1 FY2026.33,050 Millions of yen

Q1 FY2027.34,132 Millions of yen

Change Rate+35.5%

Operating profit

Q1 FY2026.3-335 Millions of yen

Q1 FY2027.3-200 Millions of yen

Europe Automotive

Net Sales

Q1 FY2026.34,524 Millions of yen

Q1 FY2027.35,067 Millions of yen

Change Rate+12.0%

Operating profit

Q1 FY2026.381 Millions of yen

Q1 FY2027.397 Millions of yen

Change Rate+20.9%

Security Japan

Net Sales

Q1 FY2026.33,143 Millions of yen

Q1 FY2027.33,362 Millions of yen

Change Rate+7.0%

Operating profit

Q1 FY2026.3358 Millions of yen

Q1 FY2027.3316 Millions of yen

Change Rate-11.6%

Security Overseas

Net Sales

Q1 FY2026.3651 Millions of yen

Q1 FY2027.3841 Millions of yen

Change Rate+29.2%

Operating profit

Q1 FY2026.3191 Millions of yen

Q1 FY2027.3244 Millions of yen

Change Rate+27.7%

Financial targets

Equity ratio

Target50 %

Annual Dividend

¥51 per share

Interim21

End of period30

Payout ratio

49 %

Contents of this document
Item	Details
Document type	Financial Results Presentation
Fiscal Period Covered	First quarter of the fiscal year ending March 2027
Net Sales	19,793 Millions of yen (YoY +18.5%)
Operating profit	310 Millions of yen
Ordinary income	269 Millions of yen
Net income	60 Millions of yen (YoY -73.9%)
Gross Profit Margin	15.7%; the stated change from the same period of the previous year is +1.5 pt. The financial results highlights in the main text state an improvement of 2.6 percentage points
Operating profit margin	1.6%; +2.2 pt year on year
Full-year earnings forecast	Net Sales 73,000 Millions of yen / Operating profit 1,500 Millions of yen / Ordinary income 1,300 Millions of yen / Profit attributable to owners of the parent 1,000 Millions of yen
Segment results	Japan Automotive Net Sales Q1 FY2026.3 1,799 Millions of yen / Q1 FY2027.3 2,269 Millions of yen / Change Rate 26.1 Millions of yen / Operating profit Q1 FY2026.3 -16 Millions of yen / Q1 FY2027.3 178 Millions of yen / North America Automotive Net Sales Q1 FY2026.3 3,534 Millions of yen / Q1 FY2027.3 4,118 Millions of yen / Change Rate -18.7 Millions of yen / Operating profit Q1 FY2026.3 -110 Millions of yen / Q1 FY2027.3 -23 Millions of yen / Asia Automotive Net Sales Q1 FY2026.3 3,050 Millions of yen / Q1 FY2027.3 4,132 Millions of yen / Change Rate 35.5 Millions of yen / Operating profit Q1 FY2026.3 -335 Millions of yen / Q1 FY2027.3 -200 Millions of yen / Europe Automotive Net Sales Q1 FY2026.3 4,524 Millions of yen / Q1 FY2027.3 5,067 Millions of yen / Change Rate 12 Millions of yen / Operating profit Q1 FY2026.3 81 Millions of yen / Q1 FY2027.3 97 Millions of yen / Change Rate 20.9 Millions of yen / Security Japan Net Sales Q1 FY2026.3 3,143 Millions of yen / Q1 FY2027.3 3,362 Millions of yen / Change Rate 7 Millions of yen / Operating profit Q1 FY2026.3 358 Millions of yen / Q1 FY2027.3 316 Millions of yen / Change Rate -11.6 Millions of yen / Security Overseas Net Sales Q1 FY2026.3 651 Millions of yen / Q1 FY2027.3 841 Millions of yen / Change Rate 29.2 Millions of yen / Operating profit Q1 FY2026.3 191 Millions of yen / Q1 FY2027.3 244 Millions of yen / Change Rate 27.7 Millions of yen
Breakdown of Factors Affecting the Change	Factors Automotive parts business / Amount 100 Millions of yen, Factors Impact of higher revenue / Amount 1,124 Millions of yen, Factors Decline in contribution margin accompanying lower sales in the Security Equipment business / Amount -927 Millions of yen, Factors Improvements in direct material costs and other factors / Amount 360 Millions of yen, Factors Increase in labor costs / Amount -81 Millions of yen, Factors Loss expenses / Amount -53 Millions of yen, Factors Other / Amount -75 Millions of yen
Key KPIs	Indicator name Production change rate at key customers in Japan Automotive / Value 0.8 % / Year on year against the same period last year Not disclosed, Indicator name Production change rate at key customers in North America Automotive / Value -2.5 % / Year on year against the same period last year Not disclosed, Indicator name Production change rate at key customers in Asia Automotive / Value -1.1 % / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business Outlook	Assumptions USD exchange rate / Value ¥150, Assumptions EUR exchange rate / Value ¥175
Financial targets	Equity ratio Target 50 %
Annual Dividend	¥51 per share
Payout ratio	49 %

Items this document does not state (15)

Selling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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.

Gross profit margin improved, mainly because the direct materials ratio improved by 8.8 percentage points and the processing cost ratio improved by 0.8 percentage points. Operating income was boosted by higher profit in the Automotive Parts business, the effect of higher sales, and improvements in direct material costs, but was weighed down by a decline in contribution margin accompanying lower sales in the Security Equipment business, higher labor costs, loss expenses and other costs. Foreign exchange gains and losses resulted in an exchange loss of ¥100 million, mainly due to the impact of currency translation in the European region.

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