Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
1313
¥ million (year-on-year decrease in operating profit)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥42,780 million
Operating profit¥938 million
Operating profit margin2.2% (year-on-year change in percentage points: Not disclosed)
Results for the three months of the current quarterConsolidated revenue of ¥42,780 million and consolidated operating income of ¥938 million. Results for the quarter are also provided by segment.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Year-on-year decline in operating income¥1,313 million decrease
- Higher equipment sales, tariff compensation income, and the new consolidation of a Mexican subsidiary in North and South America
- Decline in sales in Japan
- Decline in revenue due to the stronger Mexican peso
- Losses from inventory variances in Europe
- Higher import tariff expenses and other costs in North America
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate¥156.9/USD (stated as the actual rate for the first quarter of the fiscal year ending March 2027)
New initiatives
- New consolidation of a Mexican subsidiary
- Preparations for new launches in North and South America
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated operating margin2.2%
- Japan operating margin3.5%
- North and South America operating margin1.3%
- Europe operating margin▲2.7%
- China operating margin▲10.7%
- Asia operating margin9.3%
Segment results
Japan
Net Sales¥12,097 million
Operating profit¥427 million
Year on year against the same period last yearLower revenue and lower earnings
North and South America
Net Sales¥20,017 million
Operating profit¥251 million
Year on year against the same period last yearRevenue Growth and Profit Decline
Europe
Net Sales¥5,644 million
Operating profit¥151 million operating loss
Year on year against the same period last yearHigher revenue and an operating loss
China
Net Sales¥2,180 million
Operating profit¥234 million operating loss
Year on year against the same period last yearLower revenue and lower earnings
Asia
Net Sales¥8,118 million
Operating profit¥752 million
Year 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 | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥42,780 million |
| Operating profit | ¥938 million |
| Operating profit margin | 2.2% (year-on-year change in percentage points: Not disclosed) |
| Results for the three months of the current quarter | Consolidated revenue of ¥42,780 million and consolidated operating income of ¥938 million. Results for the quarter are also provided by segment. |
| Segment results | Japan Net Sales ¥12,097 million / Operating profit ¥427 million / Year on year against the same period last year Lower revenue and lower earnings / North and South America Net Sales ¥20,017 million / Operating profit ¥251 million / Year on year against the same period last year Revenue Growth and Profit Decline / Europe Net Sales ¥5,644 million / Operating profit ¥151 million operating loss / Year on year against the same period last year Higher revenue and an operating loss / China Net Sales ¥2,180 million / Operating profit ¥234 million operating loss / Year on year against the same period last year Lower revenue and lower earnings / Asia Net Sales ¥8,118 million / Operating profit ¥752 million / Year on year against the same period last year Revenue Growth and Profit Decline |
| Breakdown of Factors Affecting the Change | Factors Year-on-year decline in operating income / Amount ¥1,313 million decrease, Factors Higher equipment sales, tariff compensation income, and the new consolidation of a Mexican subsidiary in North and South America / Amount Not disclosed, Factors Decline in sales in Japan / Amount Not disclosed, Factors Decline in revenue due to the stronger Mexican peso / Amount Not disclosed, Factors Losses from inventory variances in Europe / Amount Not disclosed, Factors Higher import tariff expenses and other costs in North America / Amount Not disclosed |
| Key KPIs | Indicator name Consolidated operating margin / Value 2.2% / Year on year against the same period last year Not disclosed, Indicator name Japan operating margin / Value 3.5% / Year on year against the same period last year Not disclosed, Indicator name North and South America operating margin / Value 1.3% / Year on year against the same period last year Not disclosed, Indicator name Europe operating margin / Value ▲2.7% / Year on year against the same period last year Not disclosed, Indicator name China operating margin / Value ▲10.7% / Year on year against the same period last year Not disclosed, Indicator name Asia operating margin / Value 9.3% / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Exchange rate ¥156.9/USD (stated as the actual rate for the first quarter of the fiscal year ending March 2027) |
| New initiatives | New consolidation of a Mexican subsidiary, Preparations for new launches in North and South America |
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.The company attributed the decline in operating income to the loss of the contribution from high-priced new launches in Japan in the previous fiscal year, increased costs for new launches in North and South America, foreign exchange effects from the stronger Mexican peso, the incomplete pass-through of tariff measures into prices, and the recognition in Europe of one-time expenses, including losses from inventory variances.
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.