Worth reading
91Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-787
¥ millions (year-on-year change in operating profit)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 202613 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%; year-on-year change: Not disclosed
Results for the three months of the current quarter
DetailsIncludes consolidated revenue, operating income, operating margin and regional segment figures for the first through fourth quarters of the fiscal year ending March 2026, each covering three months
Full-year earnings forecast
Reporting periodFiscal year ending March 2027
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
- Other fixed costs¥-1,857 million
- Foreign Exchange Effects¥330 million
- Year-on-year change in operating income¥-787 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign exchange assumptions are provided, but the figures are not disclosed in a legible formNew initiatives
- Structural reform roadmap to improve ROE
- Structural reform centered on Japan, China and Europe
- Expansion of the liquid-cooling module business for data centers
- Small meetings between outside directors and institutional investors and analysts
Key KPIsA metric the company considers important as a management benchmark.
- ROE3.3 %
- ROIC (three-period median)
- PBR0.71 times
- Forecast P/E12.16 times
- Forward EPS¥54.95
- Global market share of vehicle piping
Segment results
Japan
Net Sales¥51,885 million
Operating profit¥2,053 million
North and South America
Net Sales¥67,822 million
Operating profit¥-327 million
Europe
Net Sales¥19,996 million
Operating profit¥280 million
China
Net Sales¥12,481 million
Operating profit¥-348 million
Asia
Net Sales¥29,763 million
Operating profit¥2,599 million
Medium-term management plan targets
Target fiscal yearFY2030
Net Sales¥200 billion
ROE15% or higher
Financial targets
- ROETarget15% or higherTarget fiscal yearFY2030
- ROICTarget8% or higherTarget fiscal yearFY2030
Market Size / Share
Products are installed in 1 out of every 4 vehicles. A market-share chart for vehicle piping is included, but the specific figure is not disclosedOrders received and order backlog
Orders for prototypes for data centers are described. The amount is not disclosedNumber of employees
Number of Employees7,697 People
Record date31 March 2026
Capital expenditures
¥10,088 million
Annual Dividend
Forecast for the fiscal year ending March 2027¥28 per share
Interim¥14 per share
End of period¥14 per share
Payout ratio
Forecast for the fiscal year ending March 2027: 66.8%| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥159,387 million |
| Operating profit | ¥4,073 million |
| Operating profit margin | 2.6%; year-on-year change: Not disclosed |
| Results for the three months of the current quarter | Details Includes consolidated revenue, operating income, operating margin and regional segment figures for the first through fourth quarters of the fiscal year ending March 2026, each covering three months / Figures Not disclosed |
| Full-year earnings forecast | Reporting period Fiscal year ending March 2027 / Details Not disclosed |
| Segment results | Japan Net Sales ¥51,885 million / Operating profit ¥2,053 million / North and South America Net Sales ¥67,822 million / Operating profit ¥-327 million / Europe Net Sales ¥19,996 million / Operating profit ¥280 million / China Net Sales ¥12,481 million / Operating profit ¥-348 million / Asia Net Sales ¥29,763 million / Operating profit ¥2,599 million |
| 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 Not disclosed, Factors Other fixed costs / Amount ¥-1,857 million, Factors Foreign Exchange Effects / Amount ¥330 million, Factors Year-on-year change in operating income / Amount ¥-787 million |
| Key KPIs | Indicator name ROE / Value 3.3 %, Indicator name ROIC (three-period median) / Value Not disclosed, Indicator name PBR / Value 0.71 times, Indicator name Forecast P/E / Value 12.16 times, Indicator name Forward EPS / Value ¥54.95, Indicator name Global market share of vehicle piping / Value Not disclosed |
| Number of employees | Number of Employees 7,697 People / Record date 31 March 2026 |
| Assumptions Underlying the Business Outlook | Foreign exchange assumptions are provided, but the figures are not disclosed in a legible form |
| Medium-term management plan targets | Target fiscal year FY2030 / Net Sales ¥200 billion / ROE 15% or higher |
| Financial targets | Indicator ROE / Target 15% or higher / Target fiscal year FY2030, Indicator ROIC / Target 8% or higher / Target fiscal year FY2030 |
| Annual Dividend | Forecast for the fiscal year ending March 2027 ¥28 per share / Interim ¥14 per share / End of period ¥14 per share |
| Payout ratio | Forecast for the fiscal year ending March 2027: 66.8% |
| Capital expenditures | ¥10,088 million |
| Orders received and order backlog | Orders for prototypes for data centers are described. The amount is not disclosed |
| Market Size / Share | Products are installed in 1 out of every 4 vehicles. A market-share chart for vehicle piping is included, but the specific figure is not disclosed |
| New initiatives | Structural reform roadmap to improve ROE, Structural reform centered on Japan, China and Europe, Expansion of the liquid-cooling module business for data centers, Small meetings between outside directors and institutional investors and analysts |
Items this document does not state (11)
Ordinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAcquisition of treasury sharesKey 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 launches in Japan, due to weak sales in Europe and China and the impact of foreign exchange translation differences caused by the appreciation of the yen in North and South America. The increase in U.S. tariff measures, import-related trouble costs, and new-launch costs exceeded the improvement effects from new launches in Japan, workforce reductions in Europe and China, and the closure of the German plant, resulting in lower operating income. Ordinary income declined due to the decrease in operating income and the occurrence of foreign exchange losses. Net income reflected the liquidation loss on a Chinese subsidiary and special retirement payments at a German subsidiary, while a gain on negative goodwill arising from the acquisition of a Mexican subsidiary was recorded.
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.