Worth reading
59In 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
1137
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationInterim period of the fiscal year ending December 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥10,023 million+27.3%
Operating profit¥2,949 million+62.7%
Ordinary income¥3,151 million+142.9%
Net income¥2,123 million +251.0%interim net income attributable to owners of the parent
Operating profit margin29.4 %
Selling, general and administrative expenses¥1,567 million
Full-year earnings forecast
Net Sales
¥22,238 million
Lead Terminals business net sales
¥11,349 million
Optical Components and Devices business net sales
¥10,888 million
Operating profit
¥6,754 million
Operating profit margin
30.4 %
Lead Terminals business operating income
¥1,178 million
Optical Components and Devices business operating income
¥5,575 million
Ordinary income
¥6,888 million
Profit attributable to owners of the parent
¥4,618 million
Earnings per share
¥178.29
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Both core businesses are progressing smoothly against the plans set at the beginning of the fiscal year. The Optical Components and Devices business is expected to significantly exceed its initial plan, while the Lead Terminals business is expected to post a modest increase in profit.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit growth
Increase in sales2,147
Foreign Exchange Effects567
Higher materials costs-687
Higher labor costs-215
Increase in expenses-267
Higher personnel expenses-82
Increase in commissions paid-29
Inventory and other factors286
Operating income versus plan
Increase in sales747
Foreign Exchange Effects462
Higher materials costs-425
Higher labor costs-35
Increase in expenses-117
Lower personnel expenses31
Increase in taxes and dues-26
Decrease in R&D expenses45
Inventory and other factors221
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
160 JPY/USD assumed for the second half
Pass-through of material costsAs a general rule, higher costs arising from soaring material prices are passed through to prices three months later
New initiatives
- Start of production and sales of composite optical devices
- Launch of a production line for FIFO devices for multicore fibers
- Planned relocation of the U.S. optical components front-end process to the head office plant in September
- Expansion of Production Capacity at the Sri Lanka Plant
- Plan to launch the third semiautomated machine in 2027
- Presentation of samples of customer-specified nickel-plated products
- Development and expanded sales of PLZT optical modulators and optical devices
Key KPIsA metric the company considers important as a management benchmark.
- OEE (consolidated)84.2 %Year on year against the same period last yearImproved from 82.9% in the first quarter
- Sales ratio of high-value-added products30 %Year on year against the same period last yearIncreased from 19.9% in the fiscal year ended December 2025
- Estimated sales mix for the automotive market55 %Year on year against the same period last yearIncreased from 54% in the fiscal year ended December 2025
- Estimated sales mix for AI servers7 %Year on year against the same period last yearIncreased from approximately 3% as of March 2026
- Global market share in the automotive market95 %Year on year against the same period last yearMaintained
Segment results
Lead terminal business
Net Sales
¥5,360 million+29.2%
Operating profit
¥549 million+60.2%
Optical components and devices business
Net Sales
¥4,662 million+25.2%
Operating profit
¥2,400 million+63.3%
Market Size / Share
Global market share in the automotive market
95 %
Market share of small aluminum electrolytic capacitors for AI servers
8.9 % 2030 forecast
Generative AI market size
442.1 US$ billion 2031 forecast
Capital expenditures
¥1,201 million forecast
Three months of the current quarter
Net Sales
¥5,478 million
Operating profit
¥1,731 million
Ordinary income
¥1,824 million
Net income
¥1,225 million
Operating profit margin
31.6 %
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Interim period of the fiscal year ending December 2026 |
| Net Sales | ¥10,023 million (YoY +27.3%) |
| Operating profit | ¥2,949 million (YoY +62.7%) |
| Ordinary income | ¥3,151 million (YoY +142.9%) |
| Net income | ¥2,123 million (interim net income attributable to owners of the parent) (YoY +251.0%) |
| Operating profit margin | 29.4 % |
| Selling, general and administrative expenses | ¥1,567 million |
| Three months of the current quarter | Net Sales ¥5,478 million / Operating profit ¥1,731 million / Ordinary income ¥1,824 million / Net income ¥1,225 million / Operating profit margin 31.6 % |
| Full-year earnings forecast | Net Sales ¥22,238 million / Lead Terminals business net sales ¥11,349 million / Optical Components and Devices business net sales ¥10,888 million / Operating profit ¥6,754 million / Operating profit margin 30.4 % / Lead Terminals business operating income ¥1,178 million / Optical Components and Devices business operating income ¥5,575 million / Ordinary income ¥6,888 million / Profit attributable to owners of the parent ¥4,618 million / Earnings per share ¥178.29 |
| Self-assessment against the plan | Both core businesses are progressing smoothly against the plans set at the beginning of the fiscal year. The Optical Components and Devices business is expected to significantly exceed its initial plan, while the Lead Terminals business is expected to post a modest increase in profit. |
| Segment results | Lead terminal business Net Sales ¥5,360 million (YoY +29.2%) / Operating profit ¥549 million (YoY +60.2%) / Optical components and devices business Net Sales ¥4,662 million (YoY +25.2%) / Operating profit ¥2,400 million (YoY +63.3%) |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit growth Increase in sales 2,147 / Foreign Exchange Effects 567 / Higher materials costs -687 / Higher labor costs -215 / Increase in expenses -267 / Higher personnel expenses -82 / Increase in commissions paid -29 / Inventory and other factors 286 / Operating income versus plan Increase in sales 747 / Foreign Exchange Effects 462 / Higher materials costs -425 / Higher labor costs -35 / Increase in expenses -117 / Lower personnel expenses 31 / Increase in taxes and dues -26 / Decrease in R&D expenses 45 / Inventory and other factors 221 |
| Key KPIs | OEE (consolidated) 84.2 %, Sales ratio of high-value-added products 30 %, Estimated sales mix for the automotive market 55 %, Estimated sales mix for AI servers 7 %, Global market share in the automotive market 95 % |
| Assumptions Underlying the Business Outlook | Exchange rate 160 JPY/USD (assumed for the second half) / Pass-through of material costs As a general rule, higher costs arising from soaring material prices are passed through to prices three months later |
| Capital expenditures | ¥1,201 million (forecast) |
| Market Size / Share | Global market share in the automotive market 95 % / Market share of small aluminum electrolytic capacitors for AI servers 8.9 % (2030 forecast) / Generative AI market size 442.1 US$ billion (2031 forecast) |
| New initiatives | Start of production and sales of composite optical devices, Launch of a production line for FIFO devices for multicore fibers, Planned relocation of the U.S. optical components front-end process to the head office plant in September, Expansion of Production Capacity at the Sri Lanka Plant, Plan to launch the third semiautomated machine in 2027, Presentation of samples of customer-specified nickel-plated products, Development and expanded sales of PLZT optical modulators and optical devices |
Items this document does not state (13)
Gross Profit MarginProgress 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 Optical Components and Devices business, orders from all customers increased from the second quarter onward, with new products also contributing. In the Lead Terminals business, higher sales and improved production efficiency enabled the increase in sales to absorb higher costs, including materials and labor costs.
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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