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
596
¥100 million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results briefing materialsFirst quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,266 hundred million+16.3%
Operating profit¥263 hundred million+50.9%
Ordinary income¥298 100 million +91.2%profit before tax
Net income¥213 100 million +95.6%profit for the quarter attributable to owners of the parent
Selling, general and administrative expenses¥497 hundred million
Operating profit margin6.2%; year-on-year comparison not disclosed in the materials
Results for the three months of the current quarterRevenue: ¥426.6 billion; operating profit: ¥26.3 billion; profit before tax: ¥29.8 billion; quarterly profit attributable to owners of the parent: ¥21.3 billion; basic quarterly earnings per share: ¥53.03
Full-year earnings forecast
Net Sales
¥16,900 hundred million
Operating profit
¥1,200 hundred million
Pretax profit
¥1,180 hundred million
Profit for the period attributable to owners of the parent
¥870 hundred million
Basic earnings per share
¥216.64
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is on track toward achieving the full-year earnings forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Demand related to AI data centers; higher third-party bearing shipments and aerospace price revisions at PT; strong motor and battery protection module sales at MLS; and the slowdown in the automotive market and approximately ¥2.2 billion in restructuring costs at AS. A breakdown of changes in earnings by factor is not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US$¥155.00
Euro¥182.50
Thai baht¥5.00
Renminbi¥22.30
New initiatives
- At PT, repurpose and redeploy existing equipment and expand production capacity through a new plant and capital investment
- At MLS, begin new production of battery protection modules for BBUs at the Mexico plant from October 2026
- At AS, begin mass production of BMW winglets
- Change the growth-area plus-one focus from aircraft to aerospace and promote expansion in the space industry
Key KPIsA metric the company considers important as a management benchmark.
- PT average third-party bearing shipments in Q13.1 100 million units/month
- PT average bearing production in Q13.4 100 million units/month
- Company-wide ROIC9.3 %
- Estimated AI server-related revenue (fiscal year ending March 2026)¥900 hundred million
- Estimated AI server-related revenue (fiscal year ending March 2029)¥1,100 hundred million
- Estimated humanoid-related revenue (fiscal year ending March 2026)¥100 hundred million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
PT average third-party bearing shipments: 310 million units/month; average production: 340 million units/monthSegment results
Precision Technologies
Net Sales¥82.0 billion; year-on-year comparison not disclosed in the materials
Operating profit¥19.1 billion; year-on-year comparison not disclosed in the materials
Motor, Lighting & Sensing
Net Sales¥124.1 billion; year-on-year comparison not disclosed in the materials
Operating profit¥7.9 billion (¥7.6 billion excluding special factors); year-on-year comparison not disclosed in the materials
Semiconductor & Electronics
Net Sales¥136.4 billion; year-on-year comparison not disclosed in the materials
Operating profit¥6.2 billion (¥6.0 billion excluding special factors); year-on-year comparison not disclosed in the materials
Access Solutions
Net Sales¥84.5 billion; year-on-year comparison not disclosed in the materials
Operating profit¥100 million (¥2.3 billion excluding special factors); year-on-year comparison not disclosed in the materials
Market Size / Share
The materials state that maintaining and expanding market share is a priority, but no figures are disclosedCapital expenditures
¥950 billions forecast for the fiscal year ending March 2027
Annual Dividend
Annual dividend per share¥60 (forecast)
Interim¥30
End of period¥30
Payout ratio
Target a consolidated payout ratio of approximately 30%Acquisition of treasury shares
To be considered flexibly when surplus cash flow arises. The repurchase limit, number of shares and period are not disclosed| Item | Details |
|---|---|
| Document type | Financial results briefing materials |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥4,266 hundred million (YoY +16.3%) |
| Operating profit | ¥263 hundred million (YoY +50.9%) |
| Ordinary income | ¥298 100 million (profit before tax) (YoY +91.2%) |
| Net income | ¥213 100 million (profit for the quarter attributable to owners of the parent) (YoY +95.6%) |
| Operating profit margin | 6.2%; year-on-year comparison not disclosed in the materials |
| Selling, general and administrative expenses | ¥497 hundred million |
| Results for the three months of the current quarter | Revenue: ¥426.6 billion; operating profit: ¥26.3 billion; profit before tax: ¥29.8 billion; quarterly profit attributable to owners of the parent: ¥21.3 billion; basic quarterly earnings per share: ¥53.03 |
| Full-year earnings forecast | Net Sales ¥16,900 hundred million / Operating profit ¥1,200 hundred million / Pretax profit ¥1,180 hundred million / Profit for the period attributable to owners of the parent ¥870 hundred million / Basic earnings per share ¥216.64 |
| Self-assessment against the plan | Progress is on track toward achieving the full-year earnings forecast |
| Segment results | Precision Technologies Net Sales ¥82.0 billion; year-on-year comparison not disclosed in the materials / Operating profit ¥19.1 billion; year-on-year comparison not disclosed in the materials / Motor, Lighting & Sensing Net Sales ¥124.1 billion; year-on-year comparison not disclosed in the materials / Operating profit ¥7.9 billion (¥7.6 billion excluding special factors); year-on-year comparison not disclosed in the materials / Semiconductor & Electronics Net Sales ¥136.4 billion; year-on-year comparison not disclosed in the materials / Operating profit ¥6.2 billion (¥6.0 billion excluding special factors); year-on-year comparison not disclosed in the materials / Access Solutions Net Sales ¥84.5 billion; year-on-year comparison not disclosed in the materials / Operating profit ¥100 million (¥2.3 billion excluding special factors); year-on-year comparison not disclosed in the materials |
| Breakdown of Factors Affecting the Change | Demand related to AI data centers; higher third-party bearing shipments and aerospace price revisions at PT; strong motor and battery protection module sales at MLS; and the slowdown in the automotive market and approximately ¥2.2 billion in restructuring costs at AS. A breakdown of changes in earnings by factor is not disclosed |
| Key KPIs | Indicator name PT average third-party bearing shipments in Q1 / Value 3.1 100 million units/month / Year on year against the same period last year Not disclosed, Indicator name PT average bearing production in Q1 / Value 3.4 100 million units/month / Year on year against the same period last year Not disclosed, Indicator name Company-wide ROIC / Value 9.3 % / Year on year against the same period last year Not disclosed, Indicator name Estimated AI server-related revenue (fiscal year ending March 2026) / Value ¥900 hundred million / Year on year against the same period last year Not disclosed, Indicator name Estimated AI server-related revenue (fiscal year ending March 2029) / Value ¥1,100 hundred million / Year on year against the same period last year Not disclosed, Indicator name Estimated humanoid-related revenue (fiscal year ending March 2026) / Value ¥100 hundred million / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | PT average third-party bearing shipments: 310 million units/month; average production: 340 million units/month |
| Assumptions Underlying the Business Outlook | Exchange rate US$ ¥155.00 / Euro ¥182.50 / Thai baht ¥5.00 / Renminbi ¥22.30 |
| Annual Dividend | Annual dividend per share ¥60 (forecast) / Interim ¥30 / End of period ¥30 |
| Payout ratio | Target a consolidated payout ratio of approximately 30% |
| Acquisition of treasury shares | To be considered flexibly when surplus cash flow arises. The repurchase limit, number of shares and period are not disclosed |
| Capital expenditures | ¥950 billions (forecast for the fiscal year ending March 2027) |
| Market Size / Share | The materials state that maintaining and expanding market share is a priority, but no figures are disclosed |
| New initiatives | At PT, repurpose and redeploy existing equipment and expand production capacity through a new plant and capital investment, At MLS, begin new production of battery protection modules for BBUs at the Mexico plant from October 2026, At AS, begin mass production of BMW winglets, Change the growth-area plus-one focus from aircraft to aerospace and promote expansion in the space industry |
Items this document does not state (9)
Gross Profit MarginProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsOrders 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.Demand related to AI data centers was strong, driving growth in PT and MLS products for data centers. At PT, third-party bearing shipments reached a record high, while aerospace price revisions also contributed to improved margins. AS was affected by a slowdown in the automotive market but remained profitable after absorbing approximately ¥2.2 billion in restructuring costs.
How to read this page
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