Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
6321
¥100 million (impairment losses for the fiscal year ended March 2026)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationResults for the fiscal year ended March 2026 and outlook for the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥27,087 million+3.9%
Operating profit¥-5,190 million
Net income¥-5,646 million
Operating profit margin-19.2
Full-year earnings forecast
Net Sales
¥28,000 million
Operating profit
¥2,000 million
Profit before tax
¥1,800 million
Profit for the period
¥1,000 million
DividendTo be determined
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit, fiscal year ended March 2026
Independent committee-¥174.2 billion
Impact of impairment losses-¥288.0 billion
Reversal of amortization and other items+¥42.3 billion
Reexamination of accounting treatment+¥37.3 billion
Operating profit outlook for the fiscal year ending March 2027
Impact of impairment+¥603.4 billion
Impact of provisions for contract losses+¥23.9 billion
Other+¥41.7 billion
Impact of amortization+¥70.0 billion
Contingency costs and other items-¥30.0 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed US dollar exchange rate¥150.00
Assumed euro exchange rateJPY 180.00
US dollar exchange-rate sensitivityFor each ¥1 change: revenue ¥10.0 billion; operating profit ¥1.1 billion
Euro exchange-rate sensitivityFor each ¥1 change: revenue ¥1.9 billion; operating profit ¥400 million
New initiatives
- Launch of a new management structure
- Selectivity and focus through portfolio management
- Structural reforms in the consumer electronics and automotive businesses
- Shift of management resources to growth areas
- Transition to ROIC-based management
- Growth investment in power generation, energy storage and power conversion, and in storage and cooling modules
Segment results
Net Sales
Precision small motors+¥52.3 billion
Home appliances, commercial and industrial+¥10.7 billion
Automotive+¥51.5 billion
Electronic and optical products, equipment and machinery, and other-¥11.8 billion
Operating profit
Precision small motors+¥12.4 billion
Home appliances, commercial and industrial-¥19.3 billion
Automotive-¥33.7 billion
Electronic and optical products, equipment and machinery, and other-¥26.2 billion
Corporate Expenses-¥4.2 billion
Financial targets
A policy of transitioning to ROIC-based management has been indicated, but numerical targets are not disclosedRisk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Contingency costs and other items-¥30.0 billion
Market Size / Share
HDD spindle motorsGlobal No. 1 market share
Growth rate of the HDD market for data centers in 2026Approximately 14%
Cooling capacity of liquid-cooling module CDUsNo. 1 among Japanese manufacturers; revenue growth of approximately 40%
AlternatorsGlobal No. 1 market share; revenue growth of approximately 40%
BESSGlobal Top 5; 15% market share; revenue growth of approximately 40%
Power conversion systemsGlobal Top 5; 16% market share; revenue growth of approximately 15%
Annual Dividend
Undecided for the fiscal year ending March 2027Acquisition of treasury shares
The acquisition amount for the following fiscal year in prior disclosures is stated, but no new acquisition limit is disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Results for the fiscal year ended March 2026 and outlook for the fiscal year ending March 2027 |
| Net Sales | ¥27,087 million (YoY +3.9%) |
| Operating profit | ¥-5,190 million |
| Net income | ¥-5,646 million |
| Operating profit margin | -19.2 |
| Full-year earnings forecast | Net Sales ¥28,000 million / Operating profit ¥2,000 million / Profit before tax ¥1,800 million / Profit for the period ¥1,000 million / Dividend To be determined |
| Segment results | Net Sales Precision small motors +¥52.3 billion / Home appliances, commercial and industrial +¥10.7 billion / Automotive +¥51.5 billion / Electronic and optical products, equipment and machinery, and other -¥11.8 billion / Operating profit Precision small motors +¥12.4 billion / Home appliances, commercial and industrial -¥19.3 billion / Automotive -¥33.7 billion / Electronic and optical products, equipment and machinery, and other -¥26.2 billion / Corporate Expenses -¥4.2 billion |
| Breakdown of Factors Affecting the Change | Operating profit, fiscal year ended March 2026 Independent committee -¥174.2 billion / Impact of impairment losses -¥288.0 billion / Reversal of amortization and other items +¥42.3 billion / Reexamination of accounting treatment +¥37.3 billion / Operating profit outlook for the fiscal year ending March 2027 Impact of impairment +¥603.4 billion / Impact of provisions for contract losses +¥23.9 billion / Other +¥41.7 billion / Impact of amortization +¥70.0 billion / Contingency costs and other items -¥30.0 billion |
| Assumptions Underlying the Business Outlook | Assumed US dollar exchange rate ¥150.00 / Assumed euro exchange rate JPY 180.00 / US dollar exchange-rate sensitivity For each ¥1 change: revenue ¥10.0 billion; operating profit ¥1.1 billion / Euro exchange-rate sensitivity For each ¥1 change: revenue ¥1.9 billion; operating profit ¥400 million |
| Risk amount incorporated into the outlook | Contingency costs and other items -¥30.0 billion |
| Financial targets | A policy of transitioning to ROIC-based management has been indicated, but numerical targets are not disclosed |
| Annual Dividend | Undecided for the fiscal year ending March 2027 |
| Acquisition of treasury shares | The acquisition amount for the following fiscal year in prior disclosures is stated, but no new acquisition limit is disclosed |
| Market Size / Share | HDD spindle motors Global No. 1 market share / Growth rate of the HDD market for data centers in 2026 Approximately 14% / Cooling capacity of liquid-cooling module CDUs No. 1 among Japanese manufacturers; revenue growth of approximately 40% / Alternators Global No. 1 market share; revenue growth of approximately 40% / BESS Global Top 5; 15% market share; revenue growth of approximately 40% / Power conversion systems Global Top 5; 16% market share; revenue growth of approximately 15% |
| New initiatives | Launch of a new management structure, Selectivity and focus through portfolio management, Structural reforms in the consumer electronics and automotive businesses, Shift of management resources to growth areas, Transition to ROIC-based management, Growth investment in power generation, energy storage and power conversion, and in storage and cooling modules |
Items this document does not state (15)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesMedium-term management plan targetsPayout ratioCapital expendituresOrders 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.Based on the findings of the special investigation committee and other information, the company made retrospective restatements to correct inappropriate accounting treatment and errors in prior fiscal years. The impairment losses for the fiscal year ended March 2026 were attributable to excess capacity in the consumer electronics business, price competition in the Chinese market, slowing growth in the EV market and lower order volumes in the automotive business, and the continued low profitability of the businesses. Going forward, the company plans to advance portfolio management, structural reforms and a shift of management resources to growth areas.
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.