Worth reading
55In 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
27.7
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending December 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,544 million+27.7%
Operating profit¥1,217 million+81.5%
Ordinary income¥1,327 million+340.5%
Net income¥897 million+294.0%
Operating profit margin26.8 %
Results for the three months of the current quarter
Net Sales
¥4,544 million
Operating profit
¥1,217 million
Ordinary income
¥1,327 million
Profit attributable to owners of parent for the quarter
¥897 million
Full-year earnings forecast
Net Sales
¥19,613 million
Operating profit
¥5,404 million
Ordinary income
¥5,247 million
Profit attributable to owners of the parent
¥3,536 million
Operating profit margin
27.6 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Both core businesses were slightly ahead of the initial plan in Q1Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in consolidated operating income
Increase in sales986
Foreign Exchange Effects137
Higher materials costs-260
Higher labor costs-107
Increase in expenses-125
Inventory and other factors73
Higher personnel expenses-15
Increase in R&D expenses-12
Lower commissions and fees26
Lower amortization of goodwill and other factors21
Versus plan
Foreign Exchange Effects176
Higher materials costs-203
Higher labor costs-32
Increase in expenses-51
Inventory and other factors145
Lower personnel expenses19
Lower travel and transportation expenses and other factors58
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate¥150.00/USD
Foreign exchange sensitivity
Net Sales¥80 million/¥1
Operating profit¥30 million/¥1
New initiatives
- Expanding production capacity for high-value-added lead terminal products
- Beginning sample shipments of customer-specified nickel-plated products
- Launching sales of composite optical components and devices
- Developing next-generation compact modules
- Setting up a pilot production line for FIFO devices for multicore fiber
- Launching sales of thin PLZT single-crystal wafers
- Preparing to add semi-automated equipment
- Relocating US front-end processes to the head office plant
- Constructing the Maibara site
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated OEE82.9 %
- OEE at the two Chinese plants86 %
- Sales ratio of high-value-added products25 %
- Sales ratio for the automotive market55 %
- Global market share in the automotive market95 %Year on year against the same period last yearMaintained
- Small isolator ratio80 %
- Conventional isolator ratio20 %
Segment results
Lead terminal business
Net Sales
¥2,516 million+27.2%
Operating profit
¥209 million+82.4%
Optical components and devices business
Net Sales
¥2,028 million+28.3%
Operating profit
¥1,008 million+81.4%
Market Size / Share
Global market share in the automotive marketMaintained at 95%
Capital investment by US cloud service providersTrend graph included in the materials; individual figures not disclosed
Capital expenditures
¥1,100 million FY2026 full-year forecast
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥4,544 million (YoY +27.7%) |
| Operating profit | ¥1,217 million (YoY +81.5%) |
| Ordinary income | ¥1,327 million (YoY +340.5%) |
| Net income | ¥897 million (YoY +294.0%) |
| Operating profit margin | 26.8 % |
| Results for the three months of the current quarter | Net Sales ¥4,544 million / Operating profit ¥1,217 million / Ordinary income ¥1,327 million / Profit attributable to owners of parent for the quarter ¥897 million |
| Full-year earnings forecast | Net Sales ¥19,613 million / Operating profit ¥5,404 million / Ordinary income ¥5,247 million / Profit attributable to owners of the parent ¥3,536 million / Operating profit margin 27.6 % |
| Self-assessment against the plan | Both core businesses were slightly ahead of the initial plan in Q1 |
| Segment results | Lead terminal business Net Sales ¥2,516 million (YoY +27.2%) / Operating profit ¥209 million (YoY +82.4%) / Optical components and devices business Net Sales ¥2,028 million (YoY +28.3%) / Operating profit ¥1,008 million (YoY +81.4%) |
| Breakdown of Factors Affecting the Change | Year-on-year change in consolidated operating income Increase in sales 986 / Foreign Exchange Effects 137 / Higher materials costs -260 / Higher labor costs -107 / Increase in expenses -125 / Inventory and other factors 73 / Higher personnel expenses -15 / Increase in R&D expenses -12 / Lower commissions and fees 26 / Lower amortization of goodwill and other factors 21 / Versus plan Foreign Exchange Effects 176 / Higher materials costs -203 / Higher labor costs -32 / Increase in expenses -51 / Inventory and other factors 145 / Lower personnel expenses 19 / Lower travel and transportation expenses and other factors 58 |
| Key KPIs | Consolidated OEE 82.9 %, OEE at the two Chinese plants 86 %, Sales ratio of high-value-added products 25 %, Sales ratio for the automotive market 55 %, Global market share in the automotive market 95 %, Small isolator ratio 80 %, Conventional isolator ratio 20 % |
| Assumptions Underlying the Business Outlook | Exchange rate ¥150.00/USD / Foreign exchange sensitivity Net Sales ¥80 million/¥1 / Operating profit ¥30 million/¥1 |
| Capital expenditures | ¥1,100 million (FY2026 full-year forecast) |
| Market Size / Share | Global market share in the automotive market Maintained at 95% / Capital investment by US cloud service providers Trend graph included in the materials; individual figures not disclosed |
| New initiatives | Expanding production capacity for high-value-added lead terminal products, Beginning sample shipments of customer-specified nickel-plated products, Launching sales of composite optical components and devices, Developing next-generation compact modules, Setting up a pilot production line for FIFO devices for multicore fiber, Launching sales of thin PLZT single-crystal wafers, Preparing to add semi-automated equipment, Relocating US front-end processes to the head office plant, Constructing the Maibara site |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition 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.In the lead terminal business, growth in the adoption of hybrid capacitors for automotive applications, buoyant AI server and data center markets, higher orders and improved production efficiency contributed to results. In the optical components and devices business, continued investment in the submarine cable market, strong orders and a temporary improvement in product mix resulting from inventory adjustments contributed to results. Overall, higher sales absorbed increases in costs such as materials and labor, while foreign exchange gains also lifted net income.
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