Worth reading
67In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
787
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥159,387 million
Operating profit¥4,073 million
Operating profit margin2.6 %
Results for the three months of the current quarter
Net Sales
¥42,193 million
Operating profit
¥2,250 million
Operating profit margin
5.6 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Value added (changes in sales)¥351 million
- Value added (sales mix, etc.)¥595 million
- Personnel expenses¥-449 million
- Equipment costs¥243 million
- Other fixed costs¥-1,857 million
- Foreign Exchange Effects¥330 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsExchange rate
New initiatives
- Acquisition and new consolidation of a Mexican subsidiary
- Closure of the German plant
- Liquidation of the Chinese subsidiary
- Workforce reductions in Europe and China
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated operating margin2.6 %Year on year against the same period last yearDown
- Japan operating margin4 %Year on year against the same period last yearHigher
- North and South America operating margin-0.5 %Year on year against the same period last yearDown
- Europe operating margin1.4 %Year on year against the same period last yearHigher
- China operating margin-2.8 %Year on year against the same period last yearImproved
- Asia operating margin8.7 %Year on year against the same period last yearDown
Segment results
- JapanNet Sales¥51,885 millionOperating profit¥2,053 millionYear on year against the same period last yearRevenue and Profit Growth
- North and South AmericaNet Sales¥67,822 millionOperating profit¥-327 millionYear on year against the same period last yearHigher revenue and an operating loss
- EuropeNet Sales¥19,996 millionOperating profit¥280 millionYear on year against the same period last yearDeclining revenue and higher profit
- ChinaNet Sales¥12,481 millionOperating profit¥-348 millionYear on year against the same period last yearLower revenue and operating loss
- AsiaNet Sales¥29,763 millionOperating profit¥2,599 millionYear on year against the same period last yearRevenue Growth and Profit Decline
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥159,387 million |
| Operating profit | ¥4,073 million |
| Operating profit margin | 2.6 % |
| Results for the three months of the current quarter | Net Sales ¥42,193 million / Operating profit ¥2,250 million / Operating profit margin 5.6 % |
| Segment results | Segment Japan / Net Sales ¥51,885 million / Operating profit ¥2,053 million / Year on year against the same period last year Revenue and Profit Growth, Segment North and South America / Net Sales ¥67,822 million / Operating profit ¥-327 million / Year on year against the same period last year Higher revenue and an operating loss, Segment Europe / Net Sales ¥19,996 million / Operating profit ¥280 million / Year on year against the same period last year Declining revenue and higher profit, Segment China / Net Sales ¥12,481 million / Operating profit ¥-348 million / Year on year against the same period last year Lower revenue and operating loss, Segment Asia / Net Sales ¥29,763 million / Operating profit ¥2,599 million / Year on year against the same period last year Revenue Growth and Profit Decline |
| Breakdown of Factors Affecting the Change | Factors Value added (changes in sales) / Amount ¥351 million, Factors Value added (sales mix, etc.) / Amount ¥595 million, Factors Personnel expenses / Amount ¥-449 million, Factors Equipment costs / Amount ¥243 million, Factors Other fixed costs / Amount ¥-1,857 million, Factors Foreign Exchange Effects / Amount ¥330 million |
| Key KPIs | Indicator name Consolidated operating margin / Value 2.6 % / Year on year against the same period last year Down, Indicator name Japan operating margin / Value 4 % / Year on year against the same period last year Higher, Indicator name North and South America operating margin / Value -0.5 % / Year on year against the same period last year Down, Indicator name Europe operating margin / Value 1.4 % / Year on year against the same period last year Higher, Indicator name China operating margin / Value -2.8 % / Year on year against the same period last year Improved, Indicator name Asia operating margin / Value 8.7 % / Year on year against the same period last year Down |
| Assumptions Underlying the Business Outlook | Assumptions Exchange rate / Figures Not disclosed |
| New initiatives | Acquisition and new consolidation of a Mexican subsidiary, Closure of the German plant, Liquidation of the Chinese subsidiary, Workforce reductions in Europe and China |
Items this document does not state (20)
Ordinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesFull-year earnings forecastProgress 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 expendituresOrders received and order backlogMarket 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.Revenue declined despite increased sales from new production launches in Japan, due to weak sales in Europe and China and the impact of foreign exchange translation differences caused by the stronger yen in North and South America. Operating income was pressured by U.S. tariff measures in North and South America, import-related trouble costs and higher new-launch costs, which outweighed the benefits of new production launches in Japan, workforce reductions in Europe and China, and the closure of the German plant. Ordinary income declined due to the decrease in operating income and the occurrence of foreign exchange losses. Although the company incurred a loss on the liquidation of a Chinese subsidiary and special retirement payments at a German subsidiary, it recorded a gain on negative goodwill arising from the acquisition of a Mexican subsidiary, resulting in higher net income.
How to read this page
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