Worth reading
60In focus
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
6427
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond 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 Sales¥41,256 million+18.5%
Operating profit¥967 million-0.6%
Ordinary income¥2,229 million-12.4%
Net income¥1,212 million -0.7%interim net income attributable to owners of the parent
Results for the three months of the current quarter
Sewing business
Net Sales
¥19,598 million
Segment profit
¥1,451 million
Lamination film business
Net Sales
¥2,372 million
Segment profit
¥116 million
Full-year earnings forecast
Net Sales
¥80,000 million
Operating profit
¥3,400 million
Operating profit after adjusting for foreign exchange gains and losses
¥5,300 million
Ordinary income
¥4,900 million
Profit attributable to owners of the parent
¥3,400 million
Units sold (garment manufacturing business)
7,000 10,000 passes
Yards sold (lamination film business)
1,500 10,000 yards
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 Sales51.6%
Operating profit28.5%
Operating profit after adjusting for foreign exchange gains and losses35.3%
Ordinary income45.5%
Profit attributable to owners of the parent35.7%
Units sold (garment manufacturing business)45.7%
Yards sold (lamination film business)56.0%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in the number of pieces sold in the garment manufacturing business+4.62 million pieces
- Foreign exchange gains and lossesDown ¥830 million year on year
- Foreign exchange gains and losses arising from operating transactionsDown ¥726 million year on year
- Foreign exchange gains and losses arising from financial transactionsDown ¥104 million year on year
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
JPY/USD
Period average¥151.3
End of period¥152
JPY/CNY
Period average¥21.2
New initiatives
- Construction of a second garment factory in Indonesia
- Installation of equipment at the pilot factory for the digital platform project, testing toward full-scale operations and employee training
- Strengthening sales and expanding new business in China
- Reducing foreign exchange risk by changing the settlement currency
Key KPIsA metric the company considers important as a management benchmark.
- Pieces sold in the garment manufacturing business3,199 10,000 passesYear on year against the same period last year+16.9%
- Yards sold in the lamination film business840 10,000 yardsYear on year against the same period last year△4.0%
- Equity ratio47.7 %Year on year against the same period last yearDown 5.4 percentage points year on year
- Debt-to-equity ratio0.6 TimesYear on year against the same period last year+0.12 percentage points
Segment results
Sewing business
Net Sales
¥36,183 million+21.8%
Segment profit
¥2,729 million+2.4%
Lamination film business
Net Sales
¥5,072 million-1.1%
Segment profit
¥301 million-40.2%
Medium-term management plan targets
Production volume in Indonesia
+3 million pieces
Target fiscal yearFiscal year ending March 2029
StandardCompared with the fiscal year ending March 2026
Capital expenditures
¥16 billion investing cash flow for the acquisition of tangible fixed assets
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥41,256 million (YoY +18.5%) |
| Operating profit | ¥967 million (YoY -0.6%) |
| Ordinary income | ¥2,229 million (YoY -12.4%) |
| Net income | ¥1,212 million (interim net income attributable to owners of the parent) (YoY -0.7%) |
| Results for the three months of the current quarter | Sewing business Net Sales ¥19,598 million / Segment profit ¥1,451 million / Lamination film business Net Sales ¥2,372 million / Segment profit ¥116 million |
| Full-year earnings forecast | Net Sales ¥80,000 million / Operating profit ¥3,400 million / Operating profit after adjusting for foreign exchange gains and losses ¥5,300 million / Ordinary income ¥4,900 million / Profit attributable to owners of the parent ¥3,400 million / Units sold (garment manufacturing business) 7,000 10,000 passes / Yards sold (lamination film business) 1,500 10,000 yards |
| Progress against full-year forecast | Net Sales 51.6% / Operating profit 28.5% / Operating profit after adjusting for foreign exchange gains and losses 35.3% / Ordinary income 45.5% / Profit attributable to owners of the parent 35.7% / Units sold (garment manufacturing business) 45.7% / Yards sold (lamination film business) 56.0% |
| Segment results | Sewing business Net Sales ¥36,183 million (YoY +21.8%) / Segment profit ¥2,729 million (YoY +2.4%) / Lamination film business Net Sales ¥5,072 million (YoY -1.1%) / Segment profit ¥301 million (YoY -40.2%) |
| Breakdown of Factors Affecting the Change | Factors Increase in the number of pieces sold in the garment manufacturing business / Amount +4.62 million pieces, Factors Foreign exchange gains and losses / Amount Down ¥830 million year on year, Factors Foreign exchange gains and losses arising from operating transactions / Amount Down ¥726 million year on year, Factors Foreign exchange gains and losses arising from financial transactions / Amount Down ¥104 million year on year |
| Key KPIs | Indicator name Pieces sold in the garment manufacturing business / Value 3,199 10,000 passes / Year on year against the same period last year +16.9%, Indicator name Yards sold in the lamination film business / Value 840 10,000 yards / Year on year against the same period last year △4.0%, Indicator name Equity ratio / Value 47.7 % / Year on year against the same period last year Down 5.4 percentage points year on year, Indicator name Debt-to-equity ratio / Value 0.6 Times / Year on year against the same period last year +0.12 percentage points |
| Assumptions Underlying the Business Outlook | JPY/USD Period average ¥151.3 / End of period ¥152 / JPY/CNY Period average ¥21.2 |
| Medium-term management plan targets | Production volume in Indonesia +3 million pieces |
| Capital expenditures | ¥16 billion (investing cash flow for the acquisition of tangible fixed assets) |
| New initiatives | Construction of a second garment factory in Indonesia, Installation of equipment at the pilot factory for the digital platform project, testing toward full-scale operations and employee training, Strengthening sales and expanding new business in China, Reducing foreign exchange risk by changing the settlement currency |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial 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.In the garment manufacturing business, orders for casualwear and other products and the number of pieces sold increased against the backdrop of expanded production capacity. However, higher dollar-denominated costs for goods procured in China due to a stronger renminbi and weaker dollar, increases in raw material, crude oil and energy prices, upfront costs associated with expanding production capacity, and higher foreign exchange losses arising from financial transactions weighed on profit.
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.