Worth reading
60In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
1842
¥100 million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings 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¥14,971 million+14.0%
Operating profit¥1,395 million
Net income¥1,098 100 million +21.0%net income attributable to owners of the parent
Selling, general and administrative expenses¥3,550 million
Operating profit margin
Rate9.3%
Results for the three months of the current quarter
Net Sales¥1,497.1 billion
Adjusted operating profit¥144.3 billion
Adjusted operating margin9.6%
Operating profit¥139.5 billion
Profit before income taxes for the period¥157.0 billion
Profit attributable to owners of the parent¥109.8 billion
Full-year earnings forecast
Net Sales
¥62,700 million
Adjusted operating profit
¥6,200 million
Adjusted operating margin
9.9%
Profit before income taxes for the period
¥6,700 million
Profit attributable to owners of the parent
¥4,950 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
First-quarter revenue
- Foreign exchange impact: +¥85.0 billion
- Changes in business scale and other factors: +¥99.3 billion
First-quarter adjusted operating profit
- Foreign exchange impact: +¥22.0 billion
- Increase in business scale: approximately +¥20.0 billion
- Pricing improvements: approximately +¥8.0 billion
- Next Stage effect: approximately +¥11.0 billion
- Procurement costs (materials, components and other items): approximately -¥11.0 billion
Full-year adjusted operating profit outlook
- Foreign exchange impact: +¥10.0 billion
- Increase in business scale: approximately +¥78.0 billion
- Pricing improvements: approximately +¥45.0 billion
- Next Stage effect: approximately +¥45.0 billion
- Procurement costs (materials, components and other items): approximately -¥59.0 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- USD exchange rate (from the second quarter onward): ¥150
- EUR exchange rate (from the second quarter onward): ¥175
- CNY exchange rate (from the second quarter onward): ¥21.5
New initiatives
- The impact of the acquisition of a U.S. OT security company has been reflected in the results of the Digital Innovation segment
- Following a review of the management structure, certain businesses were changed from Other to the air-conditioning and home-appliance businesses within Life
Key KPIsA metric the company considers important as a management benchmark.
- Factory automation system orders+42% year on yearYear on year against the same period last year+42%
- Semiconductor & Devices orders+53% year on yearYear on year against the same period last year+53%
Segment results
- InfrastructureNet Sales¥298.5 billion (up ¥32.6 billion year on year)Adjusted operating profit¥22.4 billion (up ¥3.4 billion)
- Industry & MobilityNet Sales¥450.9 billion (up ¥67.3 billion year on year)Adjusted operating profit¥57.1 billion (up ¥32.1 billion)
- LifeNet Sales¥637.2 billion (up ¥64.4 billion year on year)Adjusted operating profit¥60.8 billion (up ¥14.8 billion)
- Digital InnovationNet Sales¥34.1 billion (up ¥2.5 billion year on year)Adjusted operating profit¥0.8 billion (down ¥0.3 billion)
- Semiconductor & DeviceNet Sales¥78.8 billion (up ¥10.4 billion year on year)Adjusted operating profit¥16.2 billion (up ¥7.2 billion)
- OtherNet Sales¥194.0 billion (up ¥26.6 billion year on year)Adjusted operating profit¥4.8 billion (down ¥0.3 billion)
Orders received and order backlog
Orders received are described in terms of year-on-year trends for each business and order trends in mass-production businesses, but the amount is not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥14,971 million (YoY +14.0%) |
| Operating profit | ¥1,395 million |
| Net income | ¥1,098 100 million (net income attributable to owners of the parent) (YoY +21.0%) |
| Operating profit margin | Rate 9.3% / Year-on-year change (points) Not disclosed |
| Selling, general and administrative expenses | ¥3,550 million |
| Results for the three months of the current quarter | Net Sales ¥1,497.1 billion / Adjusted operating profit ¥144.3 billion / Adjusted operating margin 9.6% / Operating profit ¥139.5 billion / Profit before income taxes for the period ¥157.0 billion / Profit attributable to owners of the parent ¥109.8 billion |
| Full-year earnings forecast | Net Sales ¥62,700 million / Adjusted operating profit ¥6,200 million / Adjusted operating margin 9.9% / Profit before income taxes for the period ¥6,700 million / Profit attributable to owners of the parent ¥4,950 million |
| Segment results | Segment Infrastructure / Net Sales ¥298.5 billion (up ¥32.6 billion year on year) / Adjusted operating profit ¥22.4 billion (up ¥3.4 billion), Segment Industry & Mobility / Net Sales ¥450.9 billion (up ¥67.3 billion year on year) / Adjusted operating profit ¥57.1 billion (up ¥32.1 billion), Segment Life / Net Sales ¥637.2 billion (up ¥64.4 billion year on year) / Adjusted operating profit ¥60.8 billion (up ¥14.8 billion), Segment Digital Innovation / Net Sales ¥34.1 billion (up ¥2.5 billion year on year) / Adjusted operating profit ¥0.8 billion (down ¥0.3 billion), Segment Semiconductor & Device / Net Sales ¥78.8 billion (up ¥10.4 billion year on year) / Adjusted operating profit ¥16.2 billion (up ¥7.2 billion), Segment Other / Net Sales ¥194.0 billion (up ¥26.6 billion year on year) / Adjusted operating profit ¥4.8 billion (down ¥0.3 billion) |
| Breakdown of Factors Affecting the Change | First-quarter revenue Foreign exchange impact: +¥85.0 billion, Changes in business scale and other factors: +¥99.3 billion / First-quarter adjusted operating profit Foreign exchange impact: +¥22.0 billion, Increase in business scale: approximately +¥20.0 billion, Pricing improvements: approximately +¥8.0 billion, Next Stage effect: approximately +¥11.0 billion, Procurement costs (materials, components and other items): approximately -¥11.0 billion / Full-year adjusted operating profit outlook Foreign exchange impact: +¥10.0 billion, Increase in business scale: approximately +¥78.0 billion, Pricing improvements: approximately +¥45.0 billion, Next Stage effect: approximately +¥45.0 billion, Procurement costs (materials, components and other items): approximately -¥59.0 billion |
| Key KPIs | Indicator name Factory automation system orders / Value +42% year on year / Year on year against the same period last year +42%, Indicator name Semiconductor & Devices orders / Value +53% year on year / Year on year against the same period last year +53% |
| Assumptions Underlying the Business Outlook | USD exchange rate (from the second quarter onward): ¥150, EUR exchange rate (from the second quarter onward): ¥175, CNY exchange rate (from the second quarter onward): ¥21.5 |
| Orders received and order backlog | Orders received are described in terms of year-on-year trends for each business and order trends in mass-production businesses, but the amount is not disclosed |
| New initiatives | The impact of the acquisition of a U.S. OT security company has been reflected in the results of the Digital Innovation segment, Following a review of the management structure, certain businesses were changed from Other to the air-conditioning and home-appliance businesses within Life |
Items this document does not state (16)
Ordinary incomeGross Profit MarginProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey 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 first-quarter revenue was driven by growth across all segments, led by the Industry & Mobility and Life segments. The increase in adjusted operating profit, driven by business scale expansion, improved pricing in mass-production businesses, the Next Stage effect and the impact of the weaker yen, more than offset higher procurement costs for materials, components and other items. The upward revision to the full-year forecasts reflects the expected increase in AI- and semiconductor-related demand for factory automation systems and the impact of the yen remaining weaker than assumed during the first quarter.
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.