Worth reading
56In 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
1195
¥ million (operating profit for the fiscal year ending March 2026)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFiscal year ending March 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales46,206 Millions of yen+8.2%
Operating profit1,195 Millions of yen+75.0%
Ordinary income754 Millions of yen+59.6%
Net income-2,414 Millions of yen
Gross Profit Margin14.2 %
Operating profit margin2.6 %
Full-year earnings forecast
Net Sales
44,500 Millions of yen
Operating profit
1,200 Millions of yen
Ordinary income
800 Millions of yen
Net income for the current fiscal year
500 Millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Net sales exceeded the plan, but profit fell significantly short of the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit, fiscal year ended March 2026
Prior-year equipment compensation expense-393 Millions of yen
Increase in sales volume1,061 Millions of yen
Price adjustments and compensation383 Millions of yen
Workplace improvements, investment in human resources and other measures-413 Millions of yen
Review of residual values of fixed assets-408 Millions of yen
Retroactive price adjustments for prior fiscal years573 Millions of yen
Other-291 Millions of yen
Operating income forecast for the fiscal year ending March 2027
Special factors affecting the fiscal year ended March 2026-165 Millions of yen
Decrease in sales volume-300 Millions of yen
Price optimization180 Millions of yen
Cost improvements and other factors290 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
U.S. dollar exchange rate
¥150
New initiatives
- Launch of the new medium-term management plan, Vision2030
- Restructuring of production sites and transfer of North American products to group companies
- Establishment of a reactor assembly design and production system, with mass production scheduled to begin in December 2026
- Concentration of resources on the three priority businesses and portfolio transformation
- Establishment of an IR and Capital Strategy Office
Key KPIsA metric the company considers important as a management benchmark.
ROE
Fiscal year ending March 2026-17 %
Forecast for the fiscal year ending March 20273.4 %
Equity ratio
Fiscal year ending March 202630.9 %
Employee engagement score
Fiscal year ending March 202663.1 %
Plan for the fiscal year ending March 203175 %
Percentage of Female Managers
Fiscal year ending March 20265.9 %
Plan for the fiscal year ending March 20317 %
Percentage of male employees taking childcare leave
Fiscal year ending March 202644.4 %
Plan for the fiscal year ending March 2031100 %
Employee turnover rate
Fiscal year ending March 20265.9 %
Plan for the fiscal year ending March 20315 %
TSR
Fiscal year ending March 202689.4 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The presentation refers to changes in sales volumes and price adjustments, but disaggregated figures such as customer numbers and average spend per customer are not disclosedSegment results
Automotive sintered-products business
Net Sales
41,895 Millions of yen+8.9%
Railway sintered-products business
Net Sales
2,381 Millions of yen-0.4%
Hydraulic-equipment products business
Net Sales
1,920 Millions of yen+2.9%
Other
Net Sales
9 Millions of yen+80.7%
Medium-term management plan targets
Plan nameVision2030
Period CoveredFiscal year ending March 2027 to fiscal year ending March 2031
Net sales for the fiscal year ending March 2031
45,000 Millions of yen
Operating income for the fiscal year ending March 2031
2,250 Millions of yen
Operating margin for the fiscal year ending March 2031
5 %
ROE for the fiscal year ending March 2031
8 %
Net sales of the three priority businesses
Magnetic materials
6,258 Millions of yen
Railways
2,900 Millions of yen
Hydraulics
2,600 Millions of yen
Financial targets
ROE
Actual results for the fiscal year ending March 2026-17 %
Target for the fiscal year ending March 20318 %
Number of stores and locations
The global footprint for automotive parts is planned to be restructured from 11 sites (7 in Japan and 4 overseas) to 7 sites (4 in Japan and 3 overseas). The number of openings and closures during the period is not disclosedNumber of employees
The number of employees is not disclosed. The presentation discusses investment in human resources, the development of DX personnel, and changes to the management制度Capital expenditures
2,934 Millions of yen
Annual Dividend
Forecast for the fiscal year ending March 2027
Annual
¥25 per share
Interim
¥10 per share
End of period
¥15 per share
Payout ratio
21.4 %
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | 46,206 Millions of yen (YoY +8.2%) |
| Operating profit | 1,195 Millions of yen (YoY +75.0%) |
| Ordinary income | 754 Millions of yen (YoY +59.6%) |
| Net income | -2,414 Millions of yen |
| Gross Profit Margin | 14.2 % |
| Operating profit margin | 2.6 % |
| Full-year earnings forecast | Net Sales 44,500 Millions of yen / Gross profit Not disclosed / Operating profit 1,200 Millions of yen / Ordinary income 800 Millions of yen / Net income for the current fiscal year 500 Millions of yen |
| Self-assessment against the plan | Net sales exceeded the plan, but profit fell significantly short of the plan |
| Segment results | Automotive sintered-products business Net Sales 41,895 Millions of yen (YoY +8.9%) / Railway sintered-products business Net Sales 2,381 Millions of yen (YoY -0.4%) / Hydraulic-equipment products business Net Sales 1,920 Millions of yen (YoY +2.9%) / Other Net Sales 9 Millions of yen (YoY +80.7%) |
| Breakdown of Factors Affecting the Change | Operating profit, fiscal year ended March 2026 Prior-year equipment compensation expense -393 Millions of yen / Increase in sales volume 1,061 Millions of yen / Price adjustments and compensation 383 Millions of yen / Workplace improvements, investment in human resources and other measures -413 Millions of yen / Review of residual values of fixed assets -408 Millions of yen / Retroactive price adjustments for prior fiscal years 573 Millions of yen / Other -291 Millions of yen / Operating income forecast for the fiscal year ending March 2027 Special factors affecting the fiscal year ended March 2026 -165 Millions of yen / Decrease in sales volume -300 Millions of yen / Price optimization 180 Millions of yen / Cost improvements and other factors 290 Millions of yen |
| Key KPIs | ROE Fiscal year ending March 2026 -17 % / Forecast for the fiscal year ending March 2027 3.4 % / Equity ratio Fiscal year ending March 2026 30.9 % / Employee engagement score Fiscal year ending March 2026 63.1 % / Plan for the fiscal year ending March 2031 75 % / Percentage of Female Managers Fiscal year ending March 2026 5.9 % / Plan for the fiscal year ending March 2031 7 % / Percentage of male employees taking childcare leave Fiscal year ending March 2026 44.4 % / Plan for the fiscal year ending March 2031 100 % / Employee turnover rate Fiscal year ending March 2026 5.9 % / Plan for the fiscal year ending March 2031 5 % / TSR Fiscal year ending March 2026 89.4 % |
| Unit price and quantity metrics | The presentation refers to changes in sales volumes and price adjustments, but disaggregated figures such as customer numbers and average spend per customer are not disclosed |
| Number of stores and locations | The global footprint for automotive parts is planned to be restructured from 11 sites (7 in Japan and 4 overseas) to 7 sites (4 in Japan and 3 overseas). The number of openings and closures during the period is not disclosed |
| Number of employees | The number of employees is not disclosed. The presentation discusses investment in human resources, the development of DX personnel, and changes to the management制度 |
| Assumptions Underlying the Business Outlook | U.S. dollar exchange rate ¥150 |
| Medium-term management plan targets | Plan name Vision2030 / Period Covered Fiscal year ending March 2027 to fiscal year ending March 2031 / Net sales for the fiscal year ending March 2031 45,000 Millions of yen / Operating income for the fiscal year ending March 2031 2,250 Millions of yen / Operating margin for the fiscal year ending March 2031 5 % / ROE for the fiscal year ending March 2031 8 % / Net sales of the three priority businesses Magnetic materials 6,258 Millions of yen / Railways 2,900 Millions of yen / Hydraulics 2,600 Millions of yen |
| Financial targets | ROE Actual results for the fiscal year ending March 2026 -17 % / Target for the fiscal year ending March 2031 8 % / Equity ratio Not disclosed |
| Annual Dividend | Forecast for the fiscal year ending March 2027 Annual ¥25 per share / Interim ¥10 per share / End of period ¥15 per share |
| Payout ratio | 21.4 % |
| Capital expenditures | 2,934 Millions of yen |
| New initiatives | Launch of the new medium-term management plan, Vision2030, Restructuring of production sites and transfer of North American products to group companies, Establishment of a reactor assembly design and production system, with mass production scheduled to begin in December 2026, Concentration of resources on the three priority businesses and portfolio transformation, Establishment of an IR and Capital Strategy Office |
Items this document does not state (8)
Selling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastRisk amount incorporated into the outlookAcquisition 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.The increase in operating income for the fiscal year ended March 2026 was supported by higher sales volumes, including the launch of new products at the Thai subsidiary, as well as the realization of price adjustments and compensation. The expansion of the net loss attributable to the fiscal year was attributed to impairment losses associated with domestic restructuring and the suspension of production at the U.S. subsidiary, among 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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