Worth reading
45Recurring
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
1937
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥31,998 million+6.4%
Operating profit¥739 million-12.5%
Ordinary income¥899 million+14.2%
Net income¥310 million-28.7%
Operating profit margin
Rate2.3
Year-on-year change (points)-0.5
Full-year earnings forecast
Net Sales
¥63,000 million
Operating profit
¥1,500 million
Ordinary income
¥1,500 million
Profit attributable to owners of the parent
¥700 million
Earnings per share
¥27.45
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Impact of yen depreciation
- Increase in revenue
- Deterioration in variable costs and changes in inventory
- Fixed-cost improvement
- Rising costs for materials, energy, transportation and labor, among others
The company identifies the factors but does not state the amount attributable to each one.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
Dollar¥158
Pound¥212
Korean won¥0.11
Baht¥4.8
Source¥23
Indian rupee¥1.69
Peso¥9
Indonesian rupiah¥0.01
Major OEMsThe 5 major companies, including Nissan, are expected to cut production for the full year
Materials and energy costsExpected to remain elevated
New initiatives
- Development of high-value-added products such as ADAS brackets, busbars and electric latches
- Expansion of sales to non-Japanese customers, primarily in North America, China and India
- Production reallocation, workforce optimization and break-even improvement
- Promotion of automation and labor-saving initiatives
- Passing tariffs and cost increases through to prices
Key KPIsA metric the company considers important as a management benchmark.
- Share of sales from overseas OEMs15.2 %Year on year against the same period last year+0.2ppt
Segment results
Regional breakdown
Japan
Net Sales
¥162.1 100 million
Operating profit
¥5.7 100 million
Year-on-Year Change in Revenue (%)4.8
Operating profit year-on-year_pct-24.4
North America
Net Sales
¥93 100 million
Operating profit
¥5.7 100 million
Year-on-Year Change in Revenue (%)2.4
Operating profit year-on-year_pct-67.5
Asia
Net Sales
¥90.8 100 million
Operating profit
¥3.3 100 million
Year-on-Year Change in Revenue (%)11.5
Year-on-year change in operating profitProfit decrease
Other (Europe)
Net Sales
¥10.7 100 million
Operating profitProfitability
Year-on-Year Change in Revenue (%)19.4
By industry
Automotive-related and other
Net Sales
¥300.6 100 million
Operating profit
¥12.4 100 million
Year-on-Year Change in Revenue (%)6
Operating profit year-on-year_pct-17.4
Medical devices
Net Sales
¥28.2 100 million
Operating profit
¥1.7 100 million
Year-on-Year Change in Revenue (%)11.6
Operating profit year-on-year_pct99.9
Capital expenditures
¥1,622 million
Annual Dividend
Annual¥92
Interim¥39
End of period¥53
Payout ratio
First half302.09 %
Second half364.51 %
Annual335.15 %
Acquisition of treasury shares
Acquisition cost¥697 million
PeriodSecond quarter of the fiscal year ending March 2027
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥31,998 million (YoY +6.4%) |
| Operating profit | ¥739 million (YoY -12.5%) |
| Ordinary income | ¥899 million (YoY +14.2%) |
| Net income | ¥310 million (YoY -28.7%) |
| Operating profit margin | Rate 2.3 / Year-on-year change (points) -0.5 |
| Full-year earnings forecast | Net Sales ¥63,000 million / Operating profit ¥1,500 million / Ordinary income ¥1,500 million / Profit attributable to owners of the parent ¥700 million / Earnings per share ¥27.45 |
| Segment results | Regional breakdown Japan Net Sales ¥162.1 100 million / Operating profit ¥5.7 100 million / Year-on-Year Change in Revenue (%) 4.8 / Operating profit year-on-year_pct -24.4 / North America Net Sales ¥93 100 million / Operating profit ¥5.7 100 million / Year-on-Year Change in Revenue (%) 2.4 / Operating profit year-on-year_pct -67.5 / Asia Net Sales ¥90.8 100 million / Operating profit ¥3.3 100 million / Year-on-Year Change in Revenue (%) 11.5 / Year-on-year change in operating profit Profit decrease / Other (Europe) Net Sales ¥10.7 100 million / Operating profit Profitability / Year-on-Year Change in Revenue (%) 19.4 / By industry Automotive-related and other Net Sales ¥300.6 100 million / Operating profit ¥12.4 100 million / Year-on-Year Change in Revenue (%) 6 / Operating profit year-on-year_pct -17.4 / Medical devices Net Sales ¥28.2 100 million / Operating profit ¥1.7 100 million / Year-on-Year Change in Revenue (%) 11.6 / Operating profit year-on-year_pct 99.9 |
| Breakdown of Factors Affecting the Change | Factors Impact of yen depreciation / Amount Not disclosed, Factors Increase in revenue / Amount Not disclosed, Factors Deterioration in variable costs and changes in inventory / Amount Not disclosed, Factors Fixed-cost improvement / Amount Not disclosed, Factors Rising costs for materials, energy, transportation and labor, among others / Amount Not disclosed |
| Key KPIs | Indicator name Share of sales from overseas OEMs / Value 15.2 % / Year on year against the same period last year +0.2ppt |
| Assumptions Underlying the Business Outlook | Exchange rate Dollar ¥158 / Pound ¥212 / Korean won ¥0.11 / Baht ¥4.8 / Source ¥23 / Indian rupee ¥1.69 / Peso ¥9 / Indonesian rupiah ¥0.01 / Major OEMs The 5 major companies, including Nissan, are expected to cut production for the full year / Materials and energy costs Expected to remain elevated |
| Annual Dividend | Annual ¥92 / Interim ¥39 / End of period ¥53 |
| Payout ratio | First half 302.09 % / Second half 364.51 % / Annual 335.15 % |
| Acquisition of treasury shares | Acquisition cost ¥697 million / Number of Shares Not disclosed / Period Second quarter of the fiscal year ending March 2027 |
| Capital expenditures | ¥1,622 million |
| New initiatives | Development of high-value-added products such as ADAS brackets, busbars and electric latches, Expansion of sales to non-Japanese customers, primarily in North America, China and India, Production reallocation, workforce optimization and break-even improvement, Promotion of automation and labor-saving initiatives, Passing tariffs and cost increases through to prices |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsOrders 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.The increase in sales was due to the weaker yen and expanded global sales. The decline in operating profit was due to surging prices for commodities and energy, production cuts by major OEMs, and weak performance at overseas subsidiaries.
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.