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Earnings presentation6493NITTAN CorporationAutomobiles and transportation equipment

Briefing on the Financial Results for the Fiscal Year Ending March 2026 and the New Medium-Term Management Plan

While revenue remained broadly flat in the fiscal year ended March 2026, operating profit, ordinary profit and net profit increased substantially, exceeding the full-year plan. The company also announced a new medium-term management plan running through the fiscal year ending March 2029, outlining initiatives to improve profitability, invest for growth centered on India, pursue M&A and strengthen shareholder returns.

Worth reading
80Important
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
2491
Millions of yen (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Medium-Term Management Plan PresentationFiscal year ending March 2026, full year13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales51,676 million yen+0.4%
Operating profit3,998 million yen+165.2%
Ordinary income4,423 million yen+133.3%
Net income2,227 million yen+253.4%
Operating profit margin7.7 %
Full-year earnings forecast
Fiscal year ending March 2027
Operating profit
3,800 million yen
Ordinary income
3,800 million yen
By segmentPresented separately
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Actual results for the fiscal year ending March 2026
Net Sales100.5 %
Operating profit121.1 %
Ordinary income122.8 %
Net income101.2 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Cost of sales (variable costs, etc.)3,640 million yen
  • Cost of sales (depreciation)573 million yen
  • Cost of sales (personnel expenses)1,426 million yen
  • Selling, general and administrative expenses-3,488 million yen
  • Change in net sales300 million yen
  • Foreign exchange impact and other factors40 million yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Difference in foreign exchange assumptions
    FiguresFY ended March 2026 basis
New initiatives
  • Double production capacity by adding production lines at the India site
  • Add production lines for hollow valves and expand sales
  • Make 新和精密グループ a consolidated subsidiary
  • Pursue M&A centered on the automotive parts sector
  • Optimize pricing in the marine business
  • Turn around the gear business
Key KPIsA metric the company considers important as a management benchmark.
  • ROE7.4 %
  • Overseas Revenue Mix59 %
  • Number of global production sites18 Location
  • Global headcount2,504 people
  • Share of the domestic passenger-car engine valve market26 %
  • Share of the global passenger-car engine valve market12 %
Segment results
Small-engine valves
Net Sales41,476 million yen
Profit3,840 million yen
Revenue_yoy_pct-7 million yen
Profit_yoy_pct63.1 million yen
Marine Components
Net Sales5,045 million yen
Profit352 million yen
Revenue_yoy_pct34.1 million yen
Gears
Net Sales1,830 million yen
Profit-162 million yen
Revenue_yoy_pct-20.2 million yen
Other
Net Sales3,324 million yen
Profit-204 million yen
Revenue_yoy_pct347.3 million yen
Medium-term management plan targets
Final yearFiscal year ending March 2029
Net Sales
¥630 100 million
Operating profit
¥58 100 million
Operating profit margin
9.2 %
ROE
8 % or higher
Operating cash flow
¥232 hundred million cumulative for 3 years
Financial targets
ROE
Medium-Term Plan8 % or higher
NC10 achievement period10 % or higher
Operating profit margin
Medium-Term Plan9.2 % or higher
NC10 achievement period10 % or higher
Market Size / Share
  • Share of the domestic passenger-car engine valve market26 %
  • Share of the global passenger-car engine valve market12 %
  • Share of the motorcycle engine valve market (ASEAN)42 %
  • Share of the marine engine valve market71 %
  • Share of the outboard motor market42 %
Number of stores and locations
End of period18 Location
Number of employees
Global2,504 people
Standalone661 people
Capital expenditures
¥55 100 million fiscal year ending March 2026
Annual Dividend
Annual¥20 per share
Interim¥10 per share
End of period¥10 per share
Payout ratio
30 % or higher
Contents of this document
ItemDetails
Document typeMedium-Term Management Plan Presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales51,676 million yen (YoY +0.4%)
Operating profit3,998 million yen (YoY +165.2%)
Ordinary income4,423 million yen (YoY +133.3%)
Net income2,227 million yen (YoY +253.4%)
Operating profit margin7.7 %
Full-year earnings forecastSubject Fiscal year ending March 2027 / Operating profit 3,800 million yen / Ordinary income 3,800 million yen / By segment Presented separately
Progress against full-year forecastActual results for the fiscal year ending March 2026 Net Sales 100.5 % / Operating profit 121.1 % / Ordinary income 122.8 % / Net income 101.2 %
Segment resultsSmall-engine valves Net Sales 41,476 million yen / Profit 3,840 million yen / Revenue_yoy_pct -7 million yen / Profit_yoy_pct 63.1 million yen / Marine Components Net Sales 5,045 million yen / Profit 352 million yen / Revenue_yoy_pct 34.1 million yen / Gears Net Sales 1,830 million yen / Profit -162 million yen / Revenue_yoy_pct -20.2 million yen / Other Net Sales 3,324 million yen / Profit -204 million yen / Revenue_yoy_pct 347.3 million yen
Breakdown of Factors Affecting the ChangeFactors Cost of sales (variable costs, etc.) / Amount 3,640 million yen, Factors Cost of sales (depreciation) / Amount 573 million yen, Factors Cost of sales (personnel expenses) / Amount 1,426 million yen, Factors Selling, general and administrative expenses / Amount -3,488 million yen, Factors Change in net sales / Amount 300 million yen, Factors Foreign exchange impact and other factors / Amount 40 million yen
Key KPIsIndicator name ROE / Value 7.4 %, Indicator name Overseas Revenue Mix / Value 59 %, Indicator name Number of global production sites / Value 18 Location, Indicator name Global headcount / Value 2,504 people, Indicator name Share of the domestic passenger-car engine valve market / Value 26 %, Indicator name Share of the global passenger-car engine valve market / Value 12 %
Number of stores and locationsEnd of period 18 Location / Number of store openings and closures during the period Not disclosed
Number of employeesGlobal 2,504 people / Standalone 661 people / Change during the period Not disclosed / Hiring plan Not disclosed
Assumptions Underlying the Business OutlookItem Difference in foreign exchange assumptions / Figures FY ended March 2026 basis
Medium-term management plan targetsFinal year Fiscal year ending March 2029 / Net Sales ¥630 100 million / Operating profit ¥58 100 million / Operating profit margin 9.2 % / ROE 8 % or higher / Operating cash flow ¥232 hundred million (cumulative for 3 years)
Financial targetsROE Medium-Term Plan 8 % or higher / NC10 achievement period 10 % or higher / Operating profit margin Medium-Term Plan 9.2 % or higher / NC10 achievement period 10 % or higher
Annual DividendAnnual ¥20 per share / Interim ¥10 per share / End of period ¥10 per share
Payout ratio30 % or higher
Capital expenditures¥55 100 million (fiscal year ending March 2026)
Market Size / ShareItem Share of the domestic passenger-car engine valve market / Value 26 %, Item Share of the global passenger-car engine valve market / Value 12 %, Item Share of the motorcycle engine valve market (ASEAN) / Value 42 %, Item Share of the marine engine valve market / Value 71 %, Item Share of the outboard motor market / Value 42 %
New initiativesDouble production capacity by adding production lines at the India site, Add production lines for hollow valves and expand sales, Make 新和精密グループ a consolidated subsidiary, Pursue M&A centered on the automotive parts sector, Optimize pricing in the marine business, Turn around the gear business
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesOrders 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.

Revenue declined due to lower orders at the North American operations and sluggish sales of internal-combustion-engine vehicles in China, but this was offset by the consolidation of NITTAN恵那金属グループ and increased orders in the marine business. Operating profit increased as a result of greater efficiency in North American production, improved profitability in Japan and improved profitability in the marine components business, 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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Briefing on the Financial Results for the Fiscal Year Ending March 2026 and the New Medium-Term Management Plan | NITTAN Corporation (6493) timely disclosure | Komori