JVCKENWOOD Earnings Presentation Materials for the Fiscal Year Ending March 2026 (IFRS) | JVCKENWOOD Corporation (6632) timely disclosure

Worth reading

65In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

-134

¥100 million (year-on-year change in consolidated revenue)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending March 202612 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥3,569 100 million-3.6%

Operating profit¥205 100 million-5.7%

Net income¥168 100 million-17.2%

Gross Profit Margin

Rate30.9%

Year on year against the same period last year-1.2 percentage points

Operating profit margin

Rate5.8%

Year on year against the same period last year-0.1 percentage points

Results for the three months of the current quarter

Revenue

¥982 100 million

Business profit

¥76 100 million

M&T

Revenue

¥490 100 million

Business profit

¥12 100 million

S&S

Revenue

¥278 100 million

Business profit

¥48 100 million

Revenue

¥167 100 million

Business profit

¥14 100 million

Other

Revenue

¥24 100 million

Business profit

¥2 100 million

Full-year earnings forecast

Fiscal year ending March 2027

Revenue

¥3,640 100 million

Business profit

¥234 100 million

Operating profit

¥206 100 million

Income before taxes

¥210 100 million

Profit for the period attributable to owners of the parent

¥150 100 million

ROE

10.1 %

Annual dividend

¥20

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Company-wide results were broadly in line with the earnings forecast

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Impact of foreign-exchange hedging¥7 100 million
Decrease in one-time office reorganization expenses¥11 100 million
Decrease in provisions for discontinued businesses¥5 100 million
Improvement in profit margins¥37 100 million
Increase in fixed costs¥-2 100 million
Impact of U.S. tariffs¥-1 100 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

¥155
AssumptionsExchange rate assumption for profit and loss in the fiscal year ending March 2027 (U.S. dollar)
¥180
AssumptionsExchange rate assumption for profit and loss in the fiscal year ending March 2027 (euro)

New initiatives

Exhibition of an interoperable communications solution developed in collaboration with San Luis Aviation
Launch of radios equipped with Science Arts' Buddycom push-to-talk application and entry into the push-to-talk service market
Withdrawal from the healthcare business and transfer of shares in German subsidiary Rein Medical GmbH
Review of the Board of Directors' composition and size
Price revisions, cost reductions, diversification of raw-material procurement, and optimization of inventory levels

Key KPIsA metric the company considers important as a management benchmark.

ROE12.5 %
Year on year against the same period last yearDown from 16.9%
ROA4.8 %
Year on year against the same period last yearDown from 6.4%
ROIC8.9 %
Year on year against the same period last yearDown from 12.1%
Equity ratio attributable to owners of the parent41.4 %
Year on year against the same period last yearUp from 39.9%
EBITDA¥41.7 100 million
Year on year against the same period last yearDown from ¥4.40 billion
EPS¥115.21
Year on year against the same period last yearDown from ¥135.17

Segment results

M&T
Revenue¥1,957 100 million
Revenue_yoy_pct-3.7
Business profit¥54 100 million
Business profit_yoy_pct10.6
S&S
Revenue¥947 100 million
Revenue_yoy_pct-5.3
Business profit¥127 100 million
Business profit_yoy_pct-31.4
ES
Revenue¥568 100 million
Revenue_yoy_pct-1.9
Business profit¥25 100 million
Business profit_yoy_pct36.2
Other
Revenue¥96 100 million
Revenue_yoy_pct5.3
Business profit¥2 100 million

Financial targets

ROE

Actual results for the fiscal year ending March 202612.5 %

Forecast for the fiscal year ending March 202710.1 %

ROIC

Actual results for the fiscal year ending March 20268.9 %

Net debt-to-equity ratio

Actual results for the fiscal year ending March 20260.02 times

Equity ratio attributable to owners of the parent

Actual results for the fiscal year ending March 202641.4 %

Orders received and order backlog

Orders for the North American public safety marketUS$210 million (fiscal 2025 actual)

Initial forecast280 USDMil

Capital expenditures

¥247 100 million

Annual Dividend

Annual dividend per share¥20

Interim¥10

End of period¥10

Payout ratio

Total payout ratio for fiscal 2025: approximately 33% (planned)

Acquisition of treasury shares

Total acquisition priceApproximately ¥3.0 billion

Number of shares acquired2.43 million shares

Period4 February 2026 to 13 March 2026

CancellationAll acquired shares will be cancelled on 31 March 2026

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	Fiscal year ending March 2026
Net Sales	¥3,569 100 million (YoY -3.6%)
Operating profit	¥205 100 million (YoY -5.7%)
Net income	¥168 100 million (YoY -17.2%)
Gross Profit Margin	Rate 30.9% / Year on year against the same period last year -1.2 percentage points
Operating profit margin	Rate 5.8% / Year on year against the same period last year -0.1 percentage points
Results for the three months of the current quarter	Revenue ¥982 100 million / Business profit ¥76 100 million / M&T Revenue ¥490 100 million / Business profit ¥12 100 million / S&S Revenue ¥278 100 million / Business profit ¥48 100 million / ES Revenue ¥167 100 million / Business profit ¥14 100 million / Other Revenue ¥24 100 million / Business profit ¥2 100 million
Full-year earnings forecast	Fiscal year ending March 2027 Revenue ¥3,640 100 million / Business profit ¥234 100 million / Operating profit ¥206 100 million / Income before taxes ¥210 100 million / Profit for the period attributable to owners of the parent ¥150 100 million / ROE 10.1 % / Annual dividend ¥20
Self-assessment against the plan	Company-wide results were broadly in line with the earnings forecast
Segment results	Segment M&T / Revenue ¥1,957 100 million / Revenue_yoy_pct -3.7 / Business profit ¥54 100 million / Business profit_yoy_pct 10.6, Segment S&S / Revenue ¥947 100 million / Revenue_yoy_pct -5.3 / Business profit ¥127 100 million / Business profit_yoy_pct -31.4, Segment ES / Revenue ¥568 100 million / Revenue_yoy_pct -1.9 / Business profit ¥25 100 million / Business profit_yoy_pct 36.2, Segment Other / Revenue ¥96 100 million / Revenue_yoy_pct 5.3 / Business profit ¥2 100 million
Breakdown of Factors Affecting the Change	Factors Impact of foreign-exchange hedging / Amount ¥7 100 million, Factors Decrease in one-time office reorganization expenses / Amount ¥11 100 million, Factors Decrease in provisions for discontinued businesses / Amount ¥5 100 million, Factors Improvement in profit margins / Amount ¥37 100 million, Factors Increase in fixed costs / Amount ¥-2 100 million, Factors Impact of U.S. tariffs / Amount ¥-1 100 million
Key KPIs	Indicator name ROE / Value 12.5 % / Year on year against the same period last year Down from 16.9%, Indicator name ROA / Value 4.8 % / Year on year against the same period last year Down from 6.4%, Indicator name ROIC / Value 8.9 % / Year on year against the same period last year Down from 12.1%, Indicator name Equity ratio attributable to owners of the parent / Value 41.4 % / Year on year against the same period last year Up from 39.9%, Indicator name EBITDA / Value ¥41.7 100 million / Year on year against the same period last year Down from ¥4.40 billion, Indicator name EPS / Value ¥115.21 / Year on year against the same period last year Down from ¥135.17
Assumptions Underlying the Business Outlook	Assumptions Exchange rate assumption for profit and loss in the fiscal year ending March 2027 (U.S. dollar) / Value ¥155, Assumptions Exchange rate assumption for profit and loss in the fiscal year ending March 2027 (euro) / Value ¥180
Financial targets	ROE Actual results for the fiscal year ending March 2026 12.5 % / Forecast for the fiscal year ending March 2027 10.1 % / ROIC Actual results for the fiscal year ending March 2026 8.9 % / Net debt-to-equity ratio Actual results for the fiscal year ending March 2026 0.02 times / Equity ratio attributable to owners of the parent Actual results for the fiscal year ending March 2026 41.4 %
Annual Dividend	Annual dividend per share ¥20 / Interim ¥10 / End of period ¥10
Payout ratio	Total payout ratio for fiscal 2025: approximately 33% (planned)
Acquisition of treasury shares	Total acquisition price Approximately ¥3.0 billion / Number of shares acquired 2.43 million shares / Period 4 February 2026 to 13 March 2026 / Cancellation All acquired shares will be cancelled on 31 March 2026
Capital expenditures	¥247 100 million
Orders received and order backlog	Orders for the North American public safety market US$210 million (fiscal 2025 actual) / Initial forecast 280 USDMil
New initiatives	Exhibition of an interoperable communications solution developed in collaboration with San Luis Aviation, Launch of radios equipped with Science Arts' Buddycom push-to-talk application and entry into the push-to-talk service market, Withdrawal from the healthcare business and transfer of shares in German subsidiary Rein Medical GmbH, Review of the Board of Directors' composition and size, Price revisions, cost reductions, diversification of raw-material procurement, and optimization of inventory levels

Items this document does not state (10)

Ordinary incomeSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsMarket 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.

S&S Wireless Systems experienced lower production and sales due to component shortages, as well as delays in budget execution resulting from the closure of U.S. government agencies. In addition, M&T and ES Media were affected by U.S. tariff measures. M&T reported higher profit due to strong domestic equipment sales, price revisions, and fixed-cost reductions, while ES benefited from strong content sales in its entertainment business.

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