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Financial results presentation6445JANOME CorporationMachinery

Second-Quarter Results Presentation for the Fiscal Year Ending March 2027

In the second quarter of the fiscal year ending March 2027, revenue and profit increased, driven primarily by the Household Equipment Business, and operating profit increased by ¥1,341 million year on year. While the full-year earnings forecast was left unchanged, the annual dividend forecast was raised to ¥75, and the company also decided to repurchase ¥1,000 million of its own shares.

Worth reading
63In 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
1341
¥ million (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond 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¥21,889 million+25.2%
Operating profit¥1,748 million+330.1%
Ordinary income¥1,739 million+426.4%
Net income¥1,299 million
Gross Profit Margin41.4%
Operating profit margin8.0%
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¥1,077 million
  • Change in product mix¥-299 million
  • Increase in SG&A expenses¥-534 million
  • Foreign exchange impact¥543 million
  • U.S. tariff refunds¥554 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rateUSD/JPY 159.37 (146.03 in the same period of the previous year)
New initiatives
  • Launch of the HD9 QC Professional, a high-speed straight-stitch sewing machine for overseas markets
  • Launch of the SewSwitch 30 sewing machine for overseas markets
  • Bobinage-hosted mobile workshops in Fukuoka and Osaka prefectures
  • Flexible share buybacks
  • Increase in the annual dividend forecast to ¥75
Key KPIsA metric the company considers important as a management benchmark.
  • Total sewing machine unit sales48 10,000 units
    Year-on-year changeUp 140,000 units (vs. the second quarter of the fiscal year ending March 2026)
  • North America sewing machine unit sales
    Year-on-year changeUp 7,000 units
  • Europe sewing machine unit sales
    Year-on-year changeUp 33,000 units
  • Oceania sewing machine unit sales
    Year-on-year changeDown 4,000 units
  • Latin America sewing machine unit sales
    Year-on-year changeDown 2,000 units
  • Asia sewing machine unit sales
    Year-on-year changeUp 122,000 units
  • Middle East sewing machine unit sales
    Year-on-year changeDown 1,000 units
  • Japan sewing machine unit sales
    Year-on-year changeDown 9,000 units
  • Domestic household sewing machine market shareNo.1
  • Overseas household sewing machine market shareNo.3
Segment results
Household equipment
Net Sales
¥17,212 million
Year-on-year change4,215
Operating profit
¥1,507 million
Year-on-year change933
Industrial equipment
Net Sales
¥3,178 million
Year-on-year change176
Operating profit
¥-52 million
Year-on-year change405
IT-related
Net Sales
¥1,472 million
Year-on-year change64
Operating profit
¥270 million
Year-on-year change25
Other
Net Sales
¥25 million
Year-on-year change-55
Operating profit
¥20 million
Year-on-year change-22
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
ROE
Target8.1%
PBR
TargetAt least 1x
Market Size / Share
No. 1 domestic share and No. 3 overseas share in household sewing machines (as of December 2025, according to the company)
Number of employees
Number of Employees2,424 People consolidated, as of 31 March 2026
Capital expenditures
¥20 100 million cumulative for the fiscal years ending March 2026 through March 2028, existing investments
Annual Dividend
Annual dividend per share75 Yen
Payout ratio
Total payout ratio63.6% (fiscal year ending March 2027 forecast)
DOE3% or more as a benchmark (medium-term management plan)
Acquisition of treasury shares
Amount under the acquisition limit¥1 billion
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥21,889 million (YoY +25.2%)
Operating profit¥1,748 million (YoY +330.1%)
Ordinary income¥1,739 million (YoY +426.4%)
Net income¥1,299 million
Gross Profit Margin41.4%
Operating profit margin8.0%
Full-year earnings forecastNet 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 resultsHousehold equipment Net Sales ¥17,212 million / Operating profit ¥1,507 million / Industrial equipment Net Sales ¥3,178 million / Operating profit ¥-52 million / IT-related Net Sales ¥1,472 million / Operating profit ¥270 million / Other Net Sales ¥25 million / Operating profit ¥20 million
Breakdown of Factors Affecting the ChangeFactors Increase in gross profit from higher revenue / Amount ¥1,077 million, Factors Change in product mix / Amount ¥-299 million, Factors Increase in SG&A expenses / Amount ¥-534 million, Factors Foreign exchange impact / Amount ¥543 million, Factors U.S. tariff refunds / Amount ¥554 million
Key KPIsIndicator name Total sewing machine unit sales / Value 48 10,000 units / Year-on-year change Up 140,000 units (vs. the second quarter of the fiscal year ending March 2026), Indicator name North America sewing machine unit sales / Value Not disclosed / Year-on-year change Up 7,000 units, Indicator name Europe sewing machine unit sales / Value Not disclosed / Year-on-year change Up 33,000 units, Indicator name Oceania sewing machine unit sales / Value Not disclosed / Year-on-year change Down 4,000 units, Indicator name Latin America sewing machine unit sales / Value Not disclosed / Year-on-year change Down 2,000 units, Indicator name Asia sewing machine unit sales / Value Not disclosed / Year-on-year change Up 122,000 units, Indicator name Middle East sewing machine unit sales / Value Not disclosed / Year-on-year change Down 1,000 units, Indicator name Japan sewing machine unit sales / Value Not disclosed / Year-on-year change Down 9,000 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 employeesNumber of Employees 2,424 People (consolidated, as of 31 March 2026) / Change during the period Not disclosed / Hiring plan Not disclosed
Assumptions Underlying the Business OutlookExchange rate USD/JPY 159.37 (146.03 in the same period of the previous year)
Medium-term management plan targetsPlan 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 targetsROE Target 8.1% / Actual results Not disclosed / PBR Target At least 1x / Actual results Not disclosed
Annual DividendAnnual dividend per share 75 Yen / Interim and Year-End Breakdown Not disclosed
Payout ratioRate Not disclosed / Total payout ratio 63.6% (fiscal year ending March 2027 forecast) / DOE 3% or more as a benchmark (medium-term management plan)
Acquisition of treasury sharesAmount under the acquisition limit ¥1 billion / Number of shares under the acquisition limit Not disclosed / Period Not disclosed
Capital expenditures¥20 100 million (cumulative for the fiscal years ending March 2026 through March 2028, existing investments)
Market Size / ShareNo. 1 domestic share and No. 3 overseas share in household sewing machines (as of December 2025, according to the company)
New initiativesLaunch of the HD9 QC Professional, a high-speed straight-stitch sewing machine for overseas markets, Launch of the SewSwitch 30 sewing machine for overseas markets, Bobinage-hosted mobile workshops in Fukuoka and Osaka prefectures, Flexible share buybacks, Increase in the annual dividend forecast to ¥75
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 metricsNumber of stores and locationsRisk 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.

Higher gross profit from increased sales in the Household Equipment Business, foreign exchange effects, and a US tariff refund lifted operating profit. This was partly offset by changes in the product mix and higher selling, general and administrative expenses.

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.
Second-Quarter Results Presentation for the Fiscal Year Ending March 2027 | JANOME Corporation (6445) timely disclosure | Komori