Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
89.3
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond 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¥6,657,681 thousand+25.1%
Operating profit¥940,294 thousand+89.3%
Ordinary income¥992,428 thousand+89.2%
Net income¥716,944 thousand+108.7%
Selling, general and administrative expenses¥851,957 thousand
Operating profit margin
rate_pct14.1
yoy_change_pt4.8
Full-year earnings forecast
Net Sales
¥12,000,000 thousand
Costs of sales
¥9,080,000 thousand
Selling, general and administrative expenses
¥1,700,000 thousand
Operating profit
¥1,220,000 thousand
Ordinary income
¥1,290,000 thousand
Net income for the current fiscal year
¥900,000 thousand
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 Sales55.5%
Costs of sales53.6%
Selling, general and administrative expenses50.1%
Operating profit77.1%
Ordinary income76.9%
Net income for the current fiscal year79.7%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Change in net sales in the Ceramics Business¥1,125,217 thousand
- Change in net sales in the Engineering Business¥212,341 thousand
- Change in cost of sales in the Ceramics Business¥-636,001 thousand
- Change in cost of sales in the Engineering Business¥-146,076 thousand
- Change in SG&A expenses¥-111,816 thousand
New initiatives
- Beginning a review of unprofitable products
- Expansion of YTZ Balls into the food market
Key KPIsA metric the company considers important as a management benchmark.
- Research and development expenses¥155,393 thousandYear on year against the same period last year+1.9%
- Investment in Human Resources¥0.07 hundred millionYear on year against the same period last year+9.8%
- EPS¥59.94Year on year against the same period last year+¥31.22
- ROA7.4 %Year on year against the same period last year+3.5pt
- ROE9.8 %Year on year against the same period last year+4.7pt
- Ceramics business profit margin16 %Year on year against the same period last year+5.7pt
- Engineering business profit margin8.5 %Year on year against the same period last year+1.8pt
Segment results
Ceramics Business
Net Sales
¥5,024,331 thousand+28.9%
Operating profit
¥801,595 thousand+99.7%
Profit margin16.0% (up 5.7 percentage points year on year)
Engineering Business
Net Sales
¥1,633,350 thousand+14.9%
Operating profit
¥138,699 thousand+45.7%
Profit margin8.5% (up 1.8 percentage points year on year)
Market Size / Share
The company states that it has the leading market share, but the figure is not disclosed.Annual Dividend
Annual dividend per share¥27
Interim Dividend¥15
Payout ratio
35.9% (forecast for the fiscal year ending March 2027)| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥6,657,681 thousand (YoY +25.1%) |
| Operating profit | ¥940,294 thousand (YoY +89.3%) |
| Ordinary income | ¥992,428 thousand (YoY +89.2%) |
| Net income | ¥716,944 thousand (YoY +108.7%) |
| Operating profit margin | rate_pct 14.1 / yoy_change_pt 4.8 |
| Selling, general and administrative expenses | ¥851,957 thousand |
| Full-year earnings forecast | Net Sales ¥12,000,000 thousand / Costs of sales ¥9,080,000 thousand / Selling, general and administrative expenses ¥1,700,000 thousand / Operating profit ¥1,220,000 thousand / Ordinary income ¥1,290,000 thousand / Net income for the current fiscal year ¥900,000 thousand |
| Progress against full-year forecast | Net Sales 55.5% / Costs of sales 53.6% / Selling, general and administrative expenses 50.1% / Operating profit 77.1% / Ordinary income 76.9% / Net income for the current fiscal year 79.7% |
| Segment results | Ceramics Business Net Sales ¥5,024,331 thousand (YoY +28.9%) / Operating profit ¥801,595 thousand (YoY +99.7%) / Profit margin 16.0% (up 5.7 percentage points year on year) / Engineering Business Net Sales ¥1,633,350 thousand (YoY +14.9%) / Operating profit ¥138,699 thousand (YoY +45.7%) / Profit margin 8.5% (up 1.8 percentage points year on year) |
| Breakdown of Factors Affecting the Change | Factors Change in net sales in the Ceramics Business / Amount ¥1,125,217 thousand, Factors Change in net sales in the Engineering Business / Amount ¥212,341 thousand, Factors Change in cost of sales in the Ceramics Business / Amount ¥-636,001 thousand, Factors Change in cost of sales in the Engineering Business / Amount ¥-146,076 thousand, Factors Change in SG&A expenses / Amount ¥-111,816 thousand |
| Key KPIs | Indicator name Research and development expenses / Value ¥155,393 thousand / Year on year against the same period last year +1.9%, Indicator name Investment in Human Resources / Value ¥0.07 hundred million / Year on year against the same period last year +9.8%, Indicator name EPS / Value ¥59.94 / Year on year against the same period last year +¥31.22, Indicator name ROA / Value 7.4 % / Year on year against the same period last year +3.5pt, Indicator name ROE / Value 9.8 % / Year on year against the same period last year +4.7pt, Indicator name Ceramics business profit margin / Value 16 % / Year on year against the same period last year +5.7pt, Indicator name Engineering business profit margin / Value 8.5 % / Year on year against the same period last year +1.8pt |
| Annual Dividend | Annual dividend per share ¥27 / Interim Dividend ¥15 / Year-end dividend Not disclosed |
| Payout ratio | 35.9% (forecast for the fiscal year ending March 2027) |
| Market Size / Share | The company states that it has the leading market share, but the figure is not disclosed. |
| New initiatives | Beginning a review of unprofitable products, Expansion of YTZ Balls into the food market |
Items this document does not state (14)
Gross Profit MarginResults for the three months of the current quarterSelf-assessment against the planUnit 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.In the Ceramics business, higher orders accompanying improved market conditions in the electronic components industry and improved factory utilisation contributed to results. In the Engineering business, strong capital investment related to automobiles and heavy machinery also contributed. The Ceramics business also recorded a lower cost-of-sales ratio.
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.