Komori
Earnings6632JVCKENWOOD CorporationElectric Appliances & Precision Instruments

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (IFRS)

For the interim period, revenue increased, and operating profit and interim profit attributable to owners of the parent both exceeded the year-earlier period. The full-year forecast raises revenue by ¥12 billion while lowering operating profit by ¥1.1 billion.

Worth reading
48Recurring
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
-1100
Million yen (revision to operating profit forecast)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedIFRS
Net Sales183,778¥ millionYear on year +8.5%Progress 48.9%
Operating profit11,488¥ millionYear on year +19.2%Progress 58.9%
Ordinary income11,955¥ millionYear on year +16.2%Progress 60.7%
Net income attributable to owners of the parent8,213¥ millionYear on year +9.5%Progress 55.9%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥58.29
Financial position at period-end
Total assets344,935¥ million
of which net assets 151,260 ¥ millionEquity ratio 42.1%vs. prior year-end +0.7pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+23,762
Investment-12,360
Financials-11,955
Net change-553

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥64,340 million
Segment revenueSafety & Security (S&S) segment ¥40,388 million (YoY -7.6%), Mobility & Telematics Services (M&T) segment ¥107,602 million (YoY +12.8%), Entertainment Solutions (ES) segment ¥31,252 million (YoY +20.8%), Other ¥4,534 million
Segment profitSafety & Security (S&S) segment ¥5,502 million (YoY +7.4%), Mobility & Telematics Services (M&T) segment ¥2,972 million (YoY +16.8%), Entertainment Solutions (ES) segment ¥3,782 million (YoY +618.6%), Other ¥8 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥376,000 million (YoY +5.4%)
Operating profit¥19,500 million (YoY -5.1%)
Ordinary income¥19,700 million (YoY -9.1%)
Net income¥14,700 million (YoY -12.4%)
Revision to Earnings ForecastRevenue ¥364,000 million → ¥376,000 million / Business profit ¥23,400 million → ¥22,300 million / Operating profit ¥20,600 million → ¥19,500 million / Pretax profit ¥21,000 million → ¥19,700 million / Profit for the period attributable to owners of the parent ¥15,000 million → ¥14,700 million
Annual Dividend Forecast18 Yen → 20 Yen
Factors Behind Changes in Business Performance

Higher sales in the domestic products business in the M&T segment, strong performance in the entertainment business in the ES segment, the yen's depreciation, refunds of US IEEPA tariffs, soaring component prices, and lower sales to the North American public safety market, among other factors.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 Not disclosed
Changes in the scope of consolidation0 new companies, 0 excluded companies
Depreciation and amortization¥10,359 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End161,564,801 shares
Treasury Shares at Period-End22,798,507 treasury shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥183,778 million (YoY +8.5%)
Operating profit¥11,488 million (YoY +19.2%)
Ordinary income¥11,955 million (YoY +16.2%)
Profit attributable to owners of the parent¥8,213 million (YoY +9.5%)
Net income per share¥58.29
Equity ratioEnd of the current fiscal period 42.1 / End of previous period 41.4
Total assets¥344,935 million
Net assets¥151,260 million
Cash flows from operating activities¥23,762 million
Cash flows from investing activities¥-12,360 million
Cash flows from financing activities¥-11,955 million
Cash and cash equivalents at end of period¥64,340 million
Full-year earnings forecastNet Sales ¥376,000 million (YoY +5.4%) / Operating profit ¥19,500 million (YoY -5.1%) / Ordinary income ¥19,700 million (YoY -9.1%) / Net income ¥14,700 million (YoY -12.4%)
Revision to Earnings ForecastRevenue ¥364,000 million → ¥376,000 million / Business profit ¥23,400 million → ¥22,300 million / Operating profit ¥20,600 million → ¥19,500 million / Pretax profit ¥21,000 million → ¥19,700 million / Profit for the period attributable to owners of the parent ¥15,000 million → ¥14,700 million
Annual Dividend Forecast18 Yen → 20 Yen
Segment revenueSafety & Security (S&S) segment ¥40,388 million (YoY -7.6%), Mobility & Telematics Services (M&T) segment ¥107,602 million (YoY +12.8%), Entertainment Solutions (ES) segment ¥31,252 million (YoY +20.8%), Other ¥4,534 million
Segment profitSafety & Security (S&S) segment ¥5,502 million (YoY +7.4%), Mobility & Telematics Services (M&T) segment ¥2,972 million (YoY +16.8%), Entertainment Solutions (ES) segment ¥3,782 million (YoY +618.6%), Other ¥8 million
Depreciation and amortization¥10,359 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement Not disclosed
Changes in the scope of consolidation0 new companies, 0 excluded companies
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End161,564,801 shares
Treasury Shares at Period-End22,798,507 treasury shares
Factors Behind Changes in Business PerformanceHigher sales in the domestic products business in the M&T segment, strong performance in the entertainment business in the ES segment, the yen's depreciation, refunds of US IEEPA tariffs, soaring component prices, and lower sales to the North American public safety market, among other factors.
Items this document does not state (8)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)Material subsequent events

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.

Interim-period revenue exceeded expectations due to higher sales in the domestic products business in the M&T segment, strong performance in the entertainment business in the ES segment, and the yen's depreciation, among other factors. The full-year profit forecast was lowered due to the impact on earnings from soaring component prices, including memory products, in the M&T segment, and the expected underperformance of sales to the North American public safety market by the wireless systems business.

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Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (IFRS) | JVCKENWOOD Corporation (6632) timely disclosure | Komori