Worth reading
78Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
400
¥ million (upward revision to the interim operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥13,074 million+5.2%
Operating profit¥1,123 million+21.5%
Ordinary income¥1,285 million+29.2%
Net income¥848 million+16.5%
Operating profit margin8.6%; no year-on-year change points stated
Results for the three months of the current quarterRevenue of ¥13,074 million, operating profit of ¥1,123 million, ordinary profit of ¥1,285 million and net profit of ¥848 million (three-month first-quarter results)
Full-year earnings forecast
Net Sales
¥56,000 million
Operating profit
¥3,800 million
Ordinary income
¥3,800 million
Net income
¥1,800 million
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。
Net Sales23.3%
Operating profit29.5%
Ordinary income33.8%
Net income47.1%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Analysis of the factors behind the upward revision to operating profit: improved profitability, including higher margins in the domestic business and improved profitability at the North American base. The chart shows impact amounts including 68, 7, 12 and 63.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
US dollars¥150.00/USD
Renminbi¥21.10/RMB
Foreign exchange sensitivityA ¥1 change in the exchange rate affects revenue by approximately ¥200 million.
New initiatives
Expanding sales of high-value-added products, including umbrella-shaped hollow valvesSegment results
Small-engine valves
Net Sales
¥10,744 million+6.1%
Profit
¥1,168 million+15.3%
Operating margin10.8%
Marine Components
Net Sales
¥1,208 million+3.2%
Profit
¥47 million
Operating margin3.8%
Gears
Net Sales
¥277 million-35.1%
Profit
¥-52 million
Operating margin-18.7%
Other
Net Sales
¥844 million+20.0%
Profit
¥-39 million
Operating margin-4.6%
Medium-term management plan targets
Only states that growth is expected to continue toward achieving the medium-term management plan. Specific target figures and target year: Not disclosedMarket Size / Share
Passenger vehicle powertrain market87 million units in 2025, 92 million units in 2030, 92 million units in 2035 and 93 million units in 2040 (prepared by the company based on MUFG forecasts)
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥13,074 million (YoY +5.2%) |
| Operating profit | ¥1,123 million (YoY +21.5%) |
| Ordinary income | ¥1,285 million (YoY +29.2%) |
| Net income | ¥848 million (YoY +16.5%) |
| Operating profit margin | 8.6%; no year-on-year change points stated |
| Results for the three months of the current quarter | Revenue of ¥13,074 million, operating profit of ¥1,123 million, ordinary profit of ¥1,285 million and net profit of ¥848 million (three-month first-quarter results) |
| Full-year earnings forecast | Net Sales ¥56,000 million / Operating profit ¥3,800 million / Ordinary income ¥3,800 million / Net income ¥1,800 million |
| Progress against full-year forecast | Net Sales 23.3% / Operating profit 29.5% / Ordinary income 33.8% / Net income 47.1% |
| Segment results | Small-engine valves Net Sales ¥10,744 million (YoY +6.1%) / Profit ¥1,168 million (YoY +15.3%) / Operating margin 10.8% / Marine Components Net Sales ¥1,208 million (YoY +3.2%) / Profit ¥47 million / Operating margin 3.8% / Gears Net Sales ¥277 million (YoY -35.1%) / Profit ¥-52 million / Operating margin -18.7% / Other Net Sales ¥844 million (YoY +20.0%) / Profit ¥-39 million / Operating margin -4.6% |
| Breakdown of Factors Affecting the Change | Analysis of the factors behind the upward revision to operating profit: improved profitability, including higher margins in the domestic business and improved profitability at the North American base. The chart shows impact amounts including 68, 7, 12 and 63. |
| Assumptions Underlying the Business Outlook | US dollars ¥150.00/USD / Renminbi ¥21.10/RMB / Foreign exchange sensitivity A ¥1 change in the exchange rate affects revenue by approximately ¥200 million. |
| Medium-term management plan targets | Only states that growth is expected to continue toward achieving the medium-term management plan. Specific target figures and target year: Not disclosed |
| Market Size / Share | Passenger vehicle powertrain market 87 million units in 2025, 92 million units in 2030, 92 million units in 2035 and 93 million units in 2040 (prepared by the company based on MUFG forecasts) |
| New initiatives | Expanding sales of high-value-added products, including umbrella-shaped hollow valves |
Items this document does not state (15)
Gross Profit MarginSelling, general and administrative expensesSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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 factors were increased sales and orders for high-value-added products, the recovery of the production system in the marine business, improved profitability through greater production efficiency, including at the North American base, dividend income, and a gain on step acquisition recognized in connection with the conversion of 新和精密 into a subsidiary. The interim forecast was revised upward due to strong sales centered on North America and Japan, expanded sales of high-value-added products, and improved profitability through greater production efficiency.
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.