Worth reading
63In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
21.2
Operating profit year-on-year (%)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 2026, full year6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,311 million+6.0%
Operating profit¥190 million+21.2%
Ordinary income¥187 million+17.4%
Net income¥106 million-5.8%
Gross Profit Margin37.8%
Full-year earnings forecast
Net Sales
¥2,410 million
Operating profit
¥191 million
Ordinary income
¥187 million
Net income for the current fiscal year
¥128 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Regular income taxes and other taxes-¥42 million
- Impairment losses on investment securities and other items−¥29 million
- Impact of tax-effect accountingOperating loss of ¥9 million
New initiatives
- Automatic AI block diagram generation
- Opening of the Thailand base, “p-ban Thailand”
- Printed circuit board recycling project
- Strengthening AI hardware design tools and development support services
- 全面刷新 of the P板.com customer and administration screens
- Appointment of product managers and recruitment of specialized personnel
Key KPIsA metric the company considers important as a management benchmark.
- Mid-sized and large customer ratio57.4%Year on year against the same period last year+1.4 percentage points
- Customer BaseMore than 30,000 companies
- Thailand PCB market size (2024)Approximately ¥525 billion
- Thailand PCB market size (2030)Approximately ¥843 billion
- Market size CAGRApproximately 5.0%
Market Size / Share
- Thailand PCB market size2024: approximately ¥525 billion; 2030: approximately ¥843 billion
- Market size CAGRApproximately 5.0% (2025–2037)
- Online printed circuit board market shareNo.1
Annual Dividend
Annual dividend per share¥10
Interim and Year-End BreakdownYear-end dividend of ¥10 (interim dividend: Not disclosed)
Payout ratio
Targeting a payout ratio of at least 30% on an ongoing basis| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥2,311 million (YoY +6.0%) |
| Operating profit | ¥190 million (YoY +21.2%) |
| Ordinary income | ¥187 million (YoY +17.4%) |
| Net income | ¥106 million (YoY -5.8%) |
| Gross Profit Margin | 37.8% |
| Full-year earnings forecast | Net Sales ¥2,410 million / Operating profit ¥191 million / Ordinary income ¥187 million / Net income for the current fiscal year ¥128 million |
| Breakdown of Factors Affecting the Change | Factors Regular income taxes and other taxes / Amount -¥42 million, Factors Impairment losses on investment securities and other items / Amount −¥29 million, Factors Impact of tax-effect accounting / Amount Operating loss of ¥9 million |
| Key KPIs | Indicator name Mid-sized and large customer ratio / Value 57.4% / Year on year against the same period last year +1.4 percentage points, Indicator name Customer Base / Value More than 30,000 companies / Year on year against the same period last year Not disclosed, Indicator name Thailand PCB market size (2024) / Value Approximately ¥525 billion / Year on year against the same period last year Not disclosed, Indicator name Thailand PCB market size (2030) / Value Approximately ¥843 billion / Year on year against the same period last year Not disclosed, Indicator name Market size CAGR / Value Approximately 5.0% / Year on year against the same period last year Not disclosed |
| Annual Dividend | Annual dividend per share ¥10 / Interim and Year-End Breakdown Year-end dividend of ¥10 (interim dividend: Not disclosed) |
| Payout ratio | Targeting a payout ratio of at least 30% on an ongoing basis |
| Market Size / Share | Item Thailand PCB market size / Value 2024: approximately ¥525 billion; 2030: approximately ¥843 billion, Item Market size CAGR / Value Approximately 5.0% (2025–2037), Item Online printed circuit board market share / Value No.1 |
| New initiatives | Automatic AI block diagram generation, Opening of the Thailand base, “p-ban Thailand”, Printed circuit board recycling project, Strengthening AI hardware design tools and development support services, 全面刷新 of the P板.com customer and administration screens, Appointment of product managers and recruitment of specialized personnel |
Items this document does not state (17)
Operating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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 revenue mix improved as usage expanded among mid-sized and large customers and demand increased for high-value-added services such as design, implementation and component procurement, causing the gross profit margin to rise from 36.2% to 37.8%. Net income was reduced by approximately ¥38 million in temporary accounting factors, including ¥29 million in impairment losses on investment securities and other items and a ¥9 million impact from tax-effect accounting. For the fiscal year ending March 2027, the company plans to allocate approximately ¥100 million in profit improvement generated through supply chain reform to strategic reinvestment.
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.