Worth reading
68In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
1000
¥ million (reduction in the full-year operating income forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥61,829 million+7.8%
Operating profit¥4,046 million+1.7%
Ordinary income¥4,911 million+3.7%
Net income¥3,226 million -24.8%interim net income attributable to owners of the parent
Selling, general and administrative expenses¥7,439 million
Gross Profit Margin18.6% (gross profit of ¥11,485 million / revenue of ¥61,829 million; the materials do not state the year-on-year change in percentage points)
Operating profit margin6.5% (6.9% in the same period of the previous year, down 0.4 percentage points)
Results for the three months of the current quarterRevenue: ¥31,731 million; operating income: ¥1,849 million; operating margin: 5.8%; ordinary income: ¥2,061 million; net income attributable to owners of the parent: ¥1,289 million. Operating income was down 16.7% year on year.
Full-year earnings forecastRevenue: ¥118,000 million; operating income: ¥6,500 million; ordinary income: ¥8,000 million; net income attributable to owners of the parent: ¥5,800 million; basic earnings per share: ¥159.95; annual dividend: ¥186 per share. Operating margin: 5.5%.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue: higher orders associated with a model change in Japan, +¥1,660 million; the impact of the weaker yen in North America, +¥3,424 million; East Asia, -¥42 million; Southeast Asia, -¥326 million; adjustments, -¥235 million. Operating income: higher orders associated with a model change in Japan, +¥51 million; cost improvements at the Mexican subsidiary in North America and the impact of the weaker yen, +¥556 million; East Asia, -¥289 million; Southeast Asia, -¥266 million; adjustments, +¥16 million.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed exchange rate for the fiscal year ending March 2027: ¥154 per US dollar. The materials cite demand trends among major customers in China and Thailand, soaring raw material prices and other factors as assumptions and factors incorporated into the forecast.New initiatives
Promotion for the launch of the lightweight, quiet ESquare brand; rationalisation investment and renewal of ageing equipment at the US subsidiary; dispatch of a production improvement team from the Japan headquarters; development of a production system for products supplied to European automakers; relocation of resin-product extrusion equipment from Thailand to Indonesia; and establishment of a Munich branch in GermanyKey KPIsA metric the company considers important as a management benchmark.
Equity ratio: 60.9% (up 1.3 percentage points year on year); P/B ratio: 1.42x.Segment results
Japan: revenue of ¥29,235 million (up 6.0% year on year), operating income of ¥1,656 million (up 3.2%). North America: revenue of ¥25,981 million (up 15.2%), operating income of ¥1,557 million (up 55.5%). East Asia: revenue of ¥4,317 million (down 1.0%), operating loss of ¥111 million (down ¥289 million). Southeast Asia: revenue of ¥5,406 million (down 5.7%), operating income of ¥904 million (down 22.7%).Medium-term management plan targets
2030 Global Medium- to Long-Term Management Plan: revenue of ¥130,000 million, optimal equity ratio of 55%, ROE of 9% and annual DOE of approximately 8%. The company plans to sell approximately ¥10,000 million of cross-held shares by the fiscal year ending March 2028.Financial targets
Equity ratio: 55%; ROE: 9%; annual DOE: approximately 8%. Actual equity ratio: 60.9%.Market Size / Share
The company states that it aims to increase its share of resin products for Japanese automakers in Indonesia, but market size and share figures are Not disclosedAnnual Dividend
¥186 per share (interim dividend of ¥93 and forecast year-end dividend of ¥93)Acquisition of treasury shares
The company plans to acquire shares equivalent to 6% of the total number of issued shares over the six years from the fiscal year ending March 2026. In September 2025, it completed the acquisition of 2.4 million shares for a total acquisition cost of ¥7,400 million. On 31 October 2025, it cancelled 2.99 million shares, equivalent to 7.48% of the total number of issued shares.| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥61,829 million (YoY +7.8%) |
| Operating profit | ¥4,046 million (YoY +1.7%) |
| Ordinary income | ¥4,911 million (YoY +3.7%) |
| Net income | ¥3,226 million (interim net income attributable to owners of the parent) (YoY -24.8%) |
| Gross Profit Margin | 18.6% (gross profit of ¥11,485 million / revenue of ¥61,829 million; the materials do not state the year-on-year change in percentage points) |
| Operating profit margin | 6.5% (6.9% in the same period of the previous year, down 0.4 percentage points) |
| Selling, general and administrative expenses | ¥7,439 million |
| Results for the three months of the current quarter | Revenue: ¥31,731 million; operating income: ¥1,849 million; operating margin: 5.8%; ordinary income: ¥2,061 million; net income attributable to owners of the parent: ¥1,289 million. Operating income was down 16.7% year on year. |
| Full-year earnings forecast | Revenue: ¥118,000 million; operating income: ¥6,500 million; ordinary income: ¥8,000 million; net income attributable to owners of the parent: ¥5,800 million; basic earnings per share: ¥159.95; annual dividend: ¥186 per share. Operating margin: 5.5%. |
| Segment results | Japan: revenue of ¥29,235 million (up 6.0% year on year), operating income of ¥1,656 million (up 3.2%). North America: revenue of ¥25,981 million (up 15.2%), operating income of ¥1,557 million (up 55.5%). East Asia: revenue of ¥4,317 million (down 1.0%), operating loss of ¥111 million (down ¥289 million). Southeast Asia: revenue of ¥5,406 million (down 5.7%), operating income of ¥904 million (down 22.7%). |
| Breakdown of Factors Affecting the Change | Revenue: higher orders associated with a model change in Japan, +¥1,660 million; the impact of the weaker yen in North America, +¥3,424 million; East Asia, -¥42 million; Southeast Asia, -¥326 million; adjustments, -¥235 million. Operating income: higher orders associated with a model change in Japan, +¥51 million; cost improvements at the Mexican subsidiary in North America and the impact of the weaker yen, +¥556 million; East Asia, -¥289 million; Southeast Asia, -¥266 million; adjustments, +¥16 million. |
| Key KPIs | Equity ratio: 60.9% (up 1.3 percentage points year on year); P/B ratio: 1.42x. |
| Assumptions Underlying the Business Outlook | Assumed exchange rate for the fiscal year ending March 2027: ¥154 per US dollar. The materials cite demand trends among major customers in China and Thailand, soaring raw material prices and other factors as assumptions and factors incorporated into the forecast. |
| Medium-term management plan targets | 2030 Global Medium- to Long-Term Management Plan: revenue of ¥130,000 million, optimal equity ratio of 55%, ROE of 9% and annual DOE of approximately 8%. The company plans to sell approximately ¥10,000 million of cross-held shares by the fiscal year ending March 2028. |
| Financial targets | Equity ratio: 55%; ROE: 9%; annual DOE: approximately 8%. Actual equity ratio: 60.9%. |
| Annual Dividend | ¥186 per share (interim dividend of ¥93 and forecast year-end dividend of ¥93) |
| Acquisition of treasury shares | The company plans to acquire shares equivalent to 6% of the total number of issued shares over the six years from the fiscal year ending March 2026. In September 2025, it completed the acquisition of 2.4 million shares for a total acquisition cost of ¥7,400 million. On 31 October 2025, it cancelled 2.99 million shares, equivalent to 7.48% of the total number of issued shares. |
| Market Size / Share | The company states that it aims to increase its share of resin products for Japanese automakers in Indonesia, but market size and share figures are Not disclosed |
| New initiatives | Promotion for the launch of the lightweight, quiet ESquare brand; rationalisation investment and renewal of ageing equipment at the US subsidiary; dispatch of a production improvement team from the Japan headquarters; development of a production system for products supplied to European automakers; relocation of resin-product extrusion equipment from Thailand to Indonesia; and establishment of a Munich branch in Germany |
Items this document does not state (10)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital 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.In the second quarter, higher orders associated with a model change in Japan, the weaker yen, production rationalisation and cost improvements at the Mexican subsidiary contributed to higher revenue and income. In East and Southeast Asia, production cuts by Japanese automakers and lower production volumes among major customers had an impact. The decline in net income resulted from the reversal of the prior-year interim-period refund of taxes related to prior fiscal years. The reasons for revising the full-year forecast were the cautious outlook for demand trends among major customers in China and Thailand and the incorporation of soaring raw material prices and other factors.
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.