Worth reading
58In 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
-400
¥ million (change in full-year operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥23,119 million+0.3%
Operating profit¥241 million-79.9%
Ordinary income¥26 million-97.4%
Net income¥324 million-64.9%
Operating profit margin1 %
Full-year earnings forecast
Net Sales
¥46,000 million
Operating profit
¥800 million
Ordinary income
¥360 million
Net income
¥140 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Retroactive portion of price adjustments for the second quarter of the fiscal year ended March 2026¥-573 million
- Decrease in sales volume¥-52 million
- Surging raw material and electricity prices¥-508 million
- Price optimization¥282 million
- One-time costs associated with the suspension of operations at the U.S. subsidiary¥-187 million
- Other¥77 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Exchange rate (US dollar)¥158
New initiatives
- Production transfer from the U.S. plant to Japan and Thailand
- Start of mass production of Reactor Assy (scheduled for December 2026)
- Closure of the U.S. site and reallocation of production among domestic sites
- Passing on increases in raw material and energy prices
- Expense reduction, employee development and workplace environment improvements
Key KPIsA metric the company considers important as a management benchmark.
- Inventory turnover ratio (first half)3.4 timesYear on year against the same period last year3.1x in the prior year
- Net debt-to-equity ratio1.27 timesYear on year against the same period last year1.24x in the prior year
- Equity ratio31.1 %Year on year against the same period last year30.9% in the prior year
- Total asset turnover99.2 %Year on year against the same period last year98.1% in the prior year
- Gross profit per employee¥2.9 millionYear on year against the same period last year¥3.3 million in the prior year
Segment results
Automotive sintered-products business
Net Sales
¥21,158 million
Year on year against the same period last year+1.0%
ProfitShown in the chart
Railway sintered-products business
Net Sales
¥956 million
Year on year against the same period last year-19.5%
ProfitShown in the chart
Hydraulic-equipment products business
Net Sales
¥998 million
Year on year against the same period last year+11.5%
ProfitShown in the chart
Medium-term management plan targets
- Net salesTarget fiscal yearFiscal year ending March 2031Target value45,000
- Operating marginTarget fiscal yearFiscal year ending March 2031Target value5
- ROETarget fiscal yearFiscal year ending March 2031Target value8
- Operating profitTarget fiscal yearFiscal year ending March 2031Target value2,250
Financial targets
ROE
Target value8 %
Target fiscal yearFiscal year ending March 2031
Actual value-17 %
Equity ratio
Actual value31.1 %
Capital expenditures
¥1,131 million
Annual Dividend
Annual¥25 per share
Interim¥10 per share
End of period¥15 per share
Payout ratio
76.4 %
Gross profit
¥2,875 million-24.8%
Rate12.4
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥23,119 million (YoY +0.3%) |
| Operating profit | ¥241 million (YoY -79.9%) |
| Ordinary income | ¥26 million (YoY -97.4%) |
| Net income | ¥324 million (YoY -64.9%) |
| Gross profit | ¥2,875 million (YoY -24.8%) |
| Operating profit margin | 1 % |
| Full-year earnings forecast | Net Sales ¥46,000 million / Operating profit ¥800 million / Ordinary income ¥360 million / Net income ¥140 million |
| Segment results | Automotive sintered-products business Net Sales ¥21,158 million / Year on year against the same period last year 1 / Profit Shown in the chart / Railway sintered-products business Net Sales ¥956 million / Year on year against the same period last year -19.5 / Profit Shown in the chart / Hydraulic-equipment products business Net Sales ¥998 million / Year on year against the same period last year 11.5 / Profit Shown in the chart |
| Breakdown of Factors Affecting the Change | Factors Retroactive portion of price adjustments for the second quarter of the fiscal year ended March 2026 / Amount ¥-573 million, Factors Decrease in sales volume / Amount ¥-52 million, Factors Surging raw material and electricity prices / Amount ¥-508 million, Factors Price optimization / Amount ¥282 million, Factors One-time costs associated with the suspension of operations at the U.S. subsidiary / Amount ¥-187 million, Factors Other / Amount ¥77 million |
| Key KPIs | Indicator name Inventory turnover ratio (first half) / Value 3.4 times / Year on year against the same period last year 3.1x in the prior year, Indicator name Net debt-to-equity ratio / Value 1.27 times / Year on year against the same period last year 1.24x in the prior year, Indicator name Equity ratio / Value 31.1 % / Year on year against the same period last year 30.9% in the prior year, Indicator name Total asset turnover / Value 99.2 % / Year on year against the same period last year 98.1% in the prior year, Indicator name Gross profit per employee / Value ¥2.9 million / Year on year against the same period last year ¥3.3 million in the prior year |
| Assumptions Underlying the Business Outlook | Item Exchange rate (US dollar) / Value ¥158 |
| Medium-term management plan targets | Item Net sales / Target fiscal year Fiscal year ending March 2031 / Target value ¥45,000 million, Item Operating margin / Target fiscal year Fiscal year ending March 2031 / Target value 5 %, Item ROE / Target fiscal year Fiscal year ending March 2031 / Target value 8 %, Item Operating profit / Target fiscal year Fiscal year ending March 2031 / Target value ¥2,250 million |
| Financial targets | ROE Target value 8 % / Target fiscal year Fiscal year ending March 2031 / Actual value -17 % / Equity ratio Actual value 31.1 % |
| Annual Dividend | Annual ¥25 per share / Interim ¥10 per share / End of period ¥15 per share |
| Payout ratio | Value 76.4 % |
| Capital expenditures | ¥1,131 million |
| New initiatives | Production transfer from the U.S. plant to Japan and Thailand, Start of mass production of Reactor Assy (scheduled for December 2026), Closure of the U.S. site and reallocation of production among domestic sites, Passing on increases in raw material and energy prices, Expense reduction, employee development and workplace environment improvements |
Items this document does not state (12)
Selling, 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 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 reasons cited were that part of the increase in raw material and energy unit prices will not be passed on until the following fiscal year or later, a decline in sales volume, and one-time costs incurred in preparation for the suspension of operations at the U.S. subsidiary.
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.