First-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027 | JANOME Corporation (6445) timely disclosure

Worth reading

62In focus

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

690

Millions of yen (year-on-year increase in operating profit)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 202713 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥10,481 million+31.0%

Operating profit¥809 million+581.9%

Ordinary income¥903 million

Net income¥737 million

Gross Profit Margin

Rate42.1%

Year on year against the same period last yearUp 0.2 pp year on year

Operating profit margin

Rate7.7%

Year on year against the same period last yearUp 6.2 pp year on year

Full-year earnings forecast

Net Sales

¥42,000 million

Operating profit

¥3,000 million

Ordinary income

¥3,000 million

Profit attributable to owners of the parent

¥2,000 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Increase in gross profit from higher revenue¥704 million
Change in product mix¥-517 million
Increase in SG&A expenses¥-179 million
Foreign Exchange Effects¥178 million
U.S. tariff refunds¥505 million

New initiatives

Launch of the new haute couture ecru 2000 model
Decision to open a Pune branch for JIE-India
Continuation of regional traveling workshops by Bobinage
Strengthening of India's sales and technical service network

Key KPIsA metric the company considers important as a management benchmark.

Regional sewing machine sales volume (North America)12 10,000 units
Year on year against the same period last year+12,000 units
Regional sewing machine sales volume (Europe)
Year on year against the same period last year+10,000 units
Regional sewing machine sales volume (Oceania)
Year on year against the same period last year-2,000 units
Regional sewing machine sales volume (Asia)
Year on year against the same period last year+90,000 units
Regional sewing machine sales volume (Japan)2 10,000 units
Year on year against the same period last year-2,000 units
Domestic household sewing machine market shareNo.1
Overseas household sewing machine market shareNo.3

Segment results

Household equipment

Net Sales

¥8,289 million

Year-on-year change in amount2,321

Operating profit

¥735 million

Year-on-year change in amount582

Industrial Equipment

Net Sales

¥1,430 million

Year-on-year change in amount118

Operating profit

¥-70 million

Year-on-year change in amount94

IT-related

Net Sales

¥747 million

Year-on-year change in amount69

Operating profit

¥133 million

Year-on-year change in amount20

Other

Net Sales

¥13 million

Year-on-year change in amount-27

Operating profit

¥10 million

Year-on-year change in amount-6

Medium-term management plan targets

Plan nameMove! 2027

Target fiscal yearFiscal year ending March 2028

Net Sales¥43.5 billion

Operating profit margin9.2%

ROE8.1%

Financial targets

ROE8.1% (target for the fiscal year ending March 2028)

PBRTargeting 1x or higher

Market Size / Share

No. 1 domestic household sewing machine market share and No. 3 overseas market share. Market size is not disclosed.

Number of stores and locations

JIE-India's Pune branch in India is scheduled to open in September. This will be the third location in India. The overall number of locations opened and closed during the period is not disclosed.

Number of employees

Number of Employees2,424 (consolidated), 409 (non-consolidated)

Record date31 March 2026

Capital expenditures

¥20 hundred million existing investments, cumulative from the fiscal year ended March 2026 through the fiscal year ending March 2028

Annual Dividend

Annual dividend of ¥55 per share (planned for the fiscal year ending March 2028). The breakdown between the interim and year-end dividends is not disclosed.

Payout ratio

Consolidated dividend payout ratio of at least 40% as a guideline. A DOE of at least 3% is also a guideline.

Acquisition of treasury shares

Share repurchases of ¥4.5 billion during the period of the Medium-Term Management Plan. The individual repurchase limit, number of shares and period are not disclosed.

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First quarter of the fiscal year ending March 2027
Net Sales	¥10,481 million (YoY +31.0%)
Operating profit	¥809 million (YoY +581.9%)
Ordinary income	¥903 million
Net income	¥737 million
Gross Profit Margin	Rate 42.1% / Year on year against the same period last year Up 0.2 pp year on year
Operating profit margin	Rate 7.7% / Year on year against the same period last year Up 6.2 pp year on year
Full-year earnings forecast	Net Sales ¥42,000 million / Operating profit ¥3,000 million / Ordinary income ¥3,000 million / Profit attributable to owners of the parent ¥2,000 million
Segment results	Household equipment Net Sales ¥8,289 million / Operating profit ¥735 million / Industrial Equipment Net Sales ¥1,430 million / Operating profit ¥-70 million / IT-related Net Sales ¥747 million / Operating profit ¥133 million / Other Net Sales ¥13 million / Operating profit ¥10 million
Breakdown of Factors Affecting the Change	Factors Increase in gross profit from higher revenue / Amount ¥704 million, Factors Change in product mix / Amount ¥-517 million, Factors Increase in SG&A expenses / Amount ¥-179 million, Factors Foreign Exchange Effects / Amount ¥178 million, Factors U.S. tariff refunds / Amount ¥505 million
Key KPIs	Indicator name Regional sewing machine sales volume (North America) / Value 12 10,000 units / Year on year against the same period last year +12,000 units, Indicator name Regional sewing machine sales volume (Europe) / Value Not disclosed / Year on year against the same period last year +10,000 units, Indicator name Regional sewing machine sales volume (Oceania) / Value Not disclosed / Year on year against the same period last year -2,000 units, Indicator name Regional sewing machine sales volume (Asia) / Value Not disclosed / Year on year against the same period last year +90,000 units, Indicator name Regional sewing machine sales volume (Japan) / Value 2 10,000 units / Year on year against the same period last year -2,000 units, Indicator name Domestic household sewing machine market share / Value No.1 / Year on year against the same period last year Not disclosed, Indicator name Overseas household sewing machine market share / Value No.3 / Year on year against the same period last year Not disclosed
Number of stores and locations	JIE-India's Pune branch in India is scheduled to open in September. This will be the third location in India. The overall number of locations opened and closed during the period is not disclosed.
Number of employees	Number of Employees 2,424 (consolidated), 409 (non-consolidated) / Record date 31 March 2026 / Change during the period Not disclosed / Hiring plan Not disclosed
Medium-term management plan targets	Plan name Move! 2027 / Target fiscal year Fiscal year ending March 2028 / Net Sales ¥43.5 billion / Operating profit margin 9.2% / ROE 8.1%
Financial targets	ROE 8.1% (target for the fiscal year ending March 2028) / PBR Targeting 1x or higher / Equity ratio Not disclosed / ROIC Not disclosed / Debt-to-equity ratio Not disclosed
Annual Dividend	Annual dividend of ¥55 per share (planned for the fiscal year ending March 2028). The breakdown between the interim and year-end dividends is not disclosed.
Payout ratio	Consolidated dividend payout ratio of at least 40% as a guideline. A DOE of at least 3% is also a guideline.
Acquisition of treasury shares	Share repurchases of ¥4.5 billion during the period of the Medium-Term Management Plan. The individual repurchase limit, number of shares and period are not disclosed.
Capital expenditures	¥20 hundred million (existing investments, cumulative from the fiscal year ended March 2026 through the fiscal year ending March 2028)
Market Size / Share	No. 1 domestic household sewing machine market share and No. 3 overseas market share. Market size is not disclosed.
New initiatives	Launch of the new haute couture ecru 2000 model, Decision to open a Pune branch for JIE-India, Continuation of regional traveling workshops by Bobinage, Strengthening of India's sales and technical service network

Items this document does not state (9)

Selling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookOrders 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.

The increase in gross profit from higher net sales, U.S. tariff refunds and foreign exchange effects contributed to the increase in earnings, while changes in product mix and higher selling, general and administrative expenses were factors reducing earnings. In household equipment, sewing machine sales grew in North America, Europe and Asia, among other regions. In industrial equipment, robots and presses performed poorly due to slower capital investment in China and South Korea.

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