Worth reading
65In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
2800
¥100 million (increase from the previous full-year revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales31,251 Hundreds of millions of yen+14.0%
Operating profit3,581 Hundreds of millions of yen+60.0%
Net income¥2,970 100 million +57.0%net income attributable to owners of the parent
Selling, general and administrative expenses7,290 Hundreds of millions of yen
Operating profit margin
Rate11.5
Year-on-year change (points)3.3
Results for the three months of the current quarter
Net Sales
16,284 Hundreds of millions of yen
Adjusted operating profit
2,026 Hundreds of millions of yen
Operating profit
2,208 Hundreds of millions of yen
Profit before income taxes for the period
2,486 Hundreds of millions of yen
Profit attributable to owners of the parent
1,888 Hundreds of millions of yen
Full-year earnings forecast
Net Sales
65,500 Hundreds of millions of yen
Adjusted operating profit
7,100 Hundreds of millions of yen
Profit before income taxes for the period
6,950 Hundreds of millions of yen
Profit attributable to owners of the parent
4,650 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
First-half salesForeign-exchange impact +¥137.0 billion, changes in scale and other factors +¥255.6 billion
First-half adjusted operating profitForeign-exchange impact +¥41.0 billion, increase in business scale approximately +¥86.0 billion, price improvements approximately +¥38.0 billion, Next Stage effect approximately +¥22.0 billion, procurement costs (materials, components, etc.) approximately -¥47.0 billion
Full-year revenueForeign-exchange impact +¥97.0 billion, changes in scale and other factors +¥558.3 billion
Full-year adjusted operating profitForeign-exchange impact +¥30.0 billion, increase in business scale approximately +¥154.0 billion, price improvements approximately +¥92.0 billion, Next Stage effect approximately +¥45.0 billion, procurement costs (materials, components, etc.) approximately -¥112.0 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD¥155 (from 3Q onward)
EUR¥175 (from 3Q onward)
CNY¥22.0 (from 3Q onward)
Foreign exchange sensitivityAnnual impact of a ¥1 change in the exchange rate (¥0.1 for the Chinese yuan): approximately ¥5.0 billion on USD-denominated revenue, ¥4.0 billion on EUR-denominated revenue, and ¥2.0 billion on CNY-denominated revenue
New initiatives
- Conversion of the automotive equipment business into a non-consolidated subsidiary
- Conversion of the FA systems power distribution and control equipment business into a non-consolidated subsidiary
- Making PCI Energy Solutions a wholly owned subsidiary
- Share buyback (up to ¥200 billion)
Key KPIsA metric the company considers important as a management benchmark.
- Factory automation system ordersYear-on-year: 1Q +42%, 2Q +54%Year on year against the same period last year+42%、+54%
- Semiconductor & Devices ordersYear-on-year: 1Q +53%, 2Q +79%Year on year against the same period last year+53%、+79%
- Revenue in Japan14,182 Hundreds of millions of yenYear on year against the same period last year+¥132.9 billion
- Overseas revenue17,069 Hundreds of millions of yenYear on year against the same period last year+¥259.6 billion
Segment results
Infrastructure
Net Sales
6,783 Hundreds of millions of yen
Adjusted operating profit
605 Hundreds of millions of yen
Year-on-year change in revenue+¥95.9 billion
Year-on-year change in profit+¥20.1 billion
Industry & Mobility
Net Sales
9,177 Hundreds of millions of yen
Adjusted operating profit
1,236 Hundreds of millions of yen
Year-on-year change in revenue+¥116.8 billion
Year-on-year change in profit+¥69.8 billion
Life
Net Sales
12,989 Hundreds of millions of yen
Adjusted operating profit
1,414 Hundreds of millions of yen
Year-on-year change in revenue+¥143.1 billion
Year-on-year change in profit+¥48.6 billion
Digital Innovation
Net Sales
820 Hundreds of millions of yen
Adjusted operating profit
-3 Hundreds of millions of yen
Year-on-year change in revenue+¥10.1 billion
Year-on-year change in profit-¥4.0 billion
Semiconductor & Device
Net Sales
1,602 Hundreds of millions of yen
Adjusted operating profit
329 Hundreds of millions of yen
Year-on-year change in revenue+¥19.5 billion
Year-on-year change in profit+¥8.9 billion
Other
Net Sales
4,170 Hundreds of millions of yen
Adjusted operating profit
182 Hundreds of millions of yen
Year-on-year change in revenue+¥55.5 billion year on year
Year-on-year change in profit+¥5.2 billion
Financial targets
Actual D/E ratio: 0.07 (0.08 at the end of the previous fiscal year); equity attributable to owners of the parent ratio: 63.6% (60.8% at the end of the previous fiscal year). Target: Not disclosedOrders received and order backlog
Year-on-year changes in order intake are provided for each business. Amount: Not disclosedAnnual Dividend
Annual dividend per share60 Yen per share
Interim30 Yen per share
End of period30 Yen per share
Acquisition of treasury shares
Buyback limitUp to ¥200 billion
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | 31,251 Hundreds of millions of yen (YoY +14.0%) |
| Operating profit | 3,581 Hundreds of millions of yen (YoY +60.0%) |
| Net income | ¥2,970 100 million (net income attributable to owners of the parent) (YoY +57.0%) |
| Operating profit margin | Rate 11.5 / Year-on-year change (points) 3.3 |
| Selling, general and administrative expenses | 7,290 Hundreds of millions of yen |
| Results for the three months of the current quarter | Net Sales 16,284 Hundreds of millions of yen / Adjusted operating profit 2,026 Hundreds of millions of yen / Operating profit 2,208 Hundreds of millions of yen / Profit before income taxes for the period 2,486 Hundreds of millions of yen / Profit attributable to owners of the parent 1,888 Hundreds of millions of yen |
| Full-year earnings forecast | Net Sales 65,500 Hundreds of millions of yen / Adjusted operating profit 7,100 Hundreds of millions of yen / Profit before income taxes for the period 6,950 Hundreds of millions of yen / Profit attributable to owners of the parent 4,650 Hundreds of millions of yen |
| Segment results | Infrastructure Net Sales 6,783 Hundreds of millions of yen / Adjusted operating profit 605 Hundreds of millions of yen / Year-on-year change in revenue +¥95.9 billion / Year-on-year change in profit +¥20.1 billion / Industry & Mobility Net Sales 9,177 Hundreds of millions of yen / Adjusted operating profit 1,236 Hundreds of millions of yen / Year-on-year change in revenue +¥116.8 billion / Year-on-year change in profit +¥69.8 billion / Life Net Sales 12,989 Hundreds of millions of yen / Adjusted operating profit 1,414 Hundreds of millions of yen / Year-on-year change in revenue +¥143.1 billion / Year-on-year change in profit +¥48.6 billion / Digital Innovation Net Sales 820 Hundreds of millions of yen / Adjusted operating profit -3 Hundreds of millions of yen / Year-on-year change in revenue +¥10.1 billion / Year-on-year change in profit -¥4.0 billion / Semiconductor & Device Net Sales 1,602 Hundreds of millions of yen / Adjusted operating profit 329 Hundreds of millions of yen / Year-on-year change in revenue +¥19.5 billion / Year-on-year change in profit +¥8.9 billion / Other Net Sales 4,170 Hundreds of millions of yen / Adjusted operating profit 182 Hundreds of millions of yen / Year-on-year change in revenue +¥55.5 billion year on year / Year-on-year change in profit +¥5.2 billion |
| Breakdown of Factors Affecting the Change | First-half sales Foreign-exchange impact +¥137.0 billion, changes in scale and other factors +¥255.6 billion / First-half adjusted operating profit Foreign-exchange impact +¥41.0 billion, increase in business scale approximately +¥86.0 billion, price improvements approximately +¥38.0 billion, Next Stage effect approximately +¥22.0 billion, procurement costs (materials, components, etc.) approximately -¥47.0 billion / Full-year revenue Foreign-exchange impact +¥97.0 billion, changes in scale and other factors +¥558.3 billion / Full-year adjusted operating profit Foreign-exchange impact +¥30.0 billion, increase in business scale approximately +¥154.0 billion, price improvements approximately +¥92.0 billion, Next Stage effect approximately +¥45.0 billion, procurement costs (materials, components, etc.) approximately -¥112.0 billion |
| Key KPIs | Indicator name Factory automation system orders / Value Year-on-year: 1Q +42%, 2Q +54% / Year on year against the same period last year +42%、+54%, Indicator name Semiconductor & Devices orders / Value Year-on-year: 1Q +53%, 2Q +79% / Year on year against the same period last year +53%、+79%, Indicator name Revenue in Japan / Value 14,182 Hundreds of millions of yen / Year on year against the same period last year +¥132.9 billion, Indicator name Overseas revenue / Value 17,069 Hundreds of millions of yen / Year on year against the same period last year +¥259.6 billion |
| Assumptions Underlying the Business Outlook | USD ¥155 (from 3Q onward) / EUR ¥175 (from 3Q onward) / CNY ¥22.0 (from 3Q onward) / Foreign exchange sensitivity Annual impact of a ¥1 change in the exchange rate (¥0.1 for the Chinese yuan): approximately ¥5.0 billion on USD-denominated revenue, ¥4.0 billion on EUR-denominated revenue, and ¥2.0 billion on CNY-denominated revenue |
| Financial targets | Actual D/E ratio: 0.07 (0.08 at the end of the previous fiscal year); equity attributable to owners of the parent ratio: 63.6% (60.8% at the end of the previous fiscal year). Target: Not disclosed |
| Annual Dividend | Annual dividend per share 60 Yen per share / Interim 30 Yen per share / End of period 30 Yen per share |
| Acquisition of treasury shares | Buyback limit Up to ¥200 billion / Number of Shares Not disclosed / Period Not disclosed |
| Orders received and order backlog | Year-on-year changes in order intake are provided for each business. Amount: Not disclosed |
| New initiatives | Conversion of the automotive equipment business into a non-consolidated subsidiary, Conversion of the FA systems power distribution and control equipment business into a non-consolidated subsidiary, Making PCI Energy Solutions a wholly owned subsidiary, Share buyback (up to ¥200 billion) |
Items this document does not state (13)
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 targetsPayout ratioCapital 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 first half benefited from strong demand for data centers, semiconductor-related products, defense and air-conditioning, increased sales volume, price improvements, and initiatives to improve profitability and efficiency. The upward revision to the full-year forecasts reflects sales growth in FA systems, air-conditioning and home appliances, and infrastructure, as well as improved profitability in semiconductors and devices.
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.