Worth reading
46Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
45.6
% (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
First quarter2024年1月1日〜2024年3月31日ConsolidatedJapanese GAAPNet Sales11,145¥ millionYear on year +2.6%Progress 24.2%
Operating profit402¥ millionYear on year -45.6%Progress 16.1%
Ordinary income523¥ millionYear on year -30.2%Progress 20.9%
Net income attributable to owners of the parent346¥ millionYear on year -34.1%Progress 11.5%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share28円42銭
Financial position at period-end
Total assets39,430¥ million
of which net assets 24,322 ¥ millionEquity ratio 60.3%vs. prior year-end -1.5pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueJapan ¥6,224 million (YoY -0.2%), Europe and North America ¥3,344 million (YoY +17.6%), Asia (excluding Japan) ¥1,576 million (YoY -11.6%)
Segment profitJapan ¥376 million (YoY -18.7%), Europe and North America ¥-79 million, Asia (excluding Japan) ¥123 million (YoY -18.5%)
Regional sales¥6,224 million (YoY -0.2%), ¥3,344 million (YoY +17.6%), ¥1,576 million (YoY -11.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥46,000 million (YoY +2.8%)
Operating profit¥2,500 million (YoY +1.1%)
Ordinary income¥2,500 million (YoY -1.3%)
Net income¥3,000 million (YoY +51.2%)
Annual Dividend Forecast¥41 → ¥62（+51.2%）
Factors Behind Changes in Business Performance
自動車関連市場や電線市場の需要増加で売上高は増加したが、中国市場の低迷、北米市場におけるペソ高による為替変動、メキシコ工場での生産性悪化などが利益を圧迫した。
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidation重要な子会社の異動は無。新規・除外会社の社名は記載なし
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥165 thousand / Extraordinary loss Losses on disposal of fixed assets ¥48 thousand, Head office relocation costs ¥1,500 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no target participants specified)
Issued Shares at Period-End12,558,251 Shares
Treasury Shares at Period-End371,518 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2024年1月1日〜2024年3月31日 |
| Net Sales | ¥11,145 million (YoY +2.6%) |
| Operating profit | ¥402 million (YoY -45.6%) |
| Ordinary income | ¥523 million (YoY -30.2%) |
| Profit attributable to owners of the parent | ¥346 million (YoY -34.1%) |
| Net income per share | 28円42銭 |
| Equity ratio | End of the current fiscal period 60.3 / End of previous period 61.8 |
| Total assets | ¥39,430 million |
| Net assets | ¥24,322 million |
| Full-year earnings forecast | Net Sales ¥46,000 million (YoY +2.8%) / Operating profit ¥2,500 million (YoY +1.1%) / Ordinary income ¥2,500 million (YoY -1.3%) / Net income ¥3,000 million (YoY +51.2%) |
| Annual Dividend Forecast | ¥41 → ¥62（+51.2%） |
| Segment revenue | Japan ¥6,224 million (YoY -0.2%), Europe and North America ¥3,344 million (YoY +17.6%), Asia (excluding Japan) ¥1,576 million (YoY -11.6%) |
| Segment profit | Japan ¥376 million (YoY -18.7%), Europe and North America ¥-79 million, Asia (excluding Japan) ¥123 million (YoY -18.5%) |
| Regional sales | ¥6,224 million (YoY -0.2%), ¥3,344 million (YoY +17.6%), ¥1,576 million (YoY -11.6%) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥165 thousand / Extraordinary loss Losses on disposal of fixed assets ¥48 thousand, Head office relocation costs ¥1,500 thousand |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | 重要な子会社の異動は無。新規・除外会社の社名は記載なし |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No (no target participants specified) |
| Issued Shares at Period-End | 12,558,251 Shares |
| Treasury Shares at Period-End | 371,518 Shares |
| Factors Behind Changes in Business Performance | 自動車関連市場や電線市場の需要増加で売上高は増加したが、中国市場の低迷、北米市場におけるペソ高による為替変動、メキシコ工場での生産性悪化などが利益を圧迫した。 |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlogDepreciation and amortizationImpairment lossMaterial subsequent events
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.自動車関連市場や電線市場の需要増加で売上高は増加した一方、中国市場の低迷、北米市場におけるペソ高による為替変動、メキシコ工場の生産性悪化などが利益を圧迫したとしています。
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.