Worth reading
58In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
180
¥100 million (increase in operating profit versus the initial plan)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of 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¥2,099 hundred million+26.1%
Operating profit¥189 hundred million+226.0%
Net income¥106 hundred million+131.1%
Gross Profit Margin46.5%
Operating profit margin9.0%
Results for the three months of the current quarter
Net Sales
¥2,099 hundred million
Operating profit
¥189 hundred million
Net income attributable to the Company's shareholders
¥106 hundred million
Full-year earnings forecast
Net Sales
¥8,800 hundred million
Gross profit
¥4,100 hundred million
Operating profit
¥800 hundred million
Net income from continuing operations
¥580 hundred million
Net income from discontinued operations
¥-145 hundred million
Net income attributable to the Company's shareholders
¥405 hundred million
ROEApproximately 7.0%
ROICApproximately 5.5%
EPS
¥294.97
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Foreign Exchange Effects+¥4.0 billion
- Increase in gross profit from higher sales+¥13.2 billion
- Improvement in Gross Profit Margin+¥100 million
- Increase in SG&A expenses-¥3.1 billion
- Increase in fixed costs-¥4.9 billion (personnel expenses: -¥1.5 billion; other expenses: -¥3.4 billion)
- Increase in R&D expenses-¥1.8 billion
- Decrease in other expenses+¥700 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average U.S. dollar exchange rate
¥156.2
Average euro exchange rate
¥181.3
Average Chinese yuan exchange rate
¥23.1
Exchange rate assumptions from 2Q onward
US dollars¥155.0
Euro¥180.0
Renminbi¥23.0
New initiatives
- Global rollout of a sales and marketing model centered on customer data
- Global rollout of successful digital marketing models
- Expand the customer base by strengthening sales channels
- Develop high-value-added products using AI
- PV monitors and power conditioners for PPA operators, scheduled for launch in August 2026
Key KPIsA metric the company considers important as a management benchmark.
- 1Q order level (FY22 4Q = 1.00, at constant exchange rates)1.67 Index
- Semiconductor industry revenue46 % increaseYear on year against the same period last year+46%
- Secondary battery industry revenue46 % increaseYear on year against the same period last year+46%
- AXI revenue257 % increaseYear on year against the same period last year+257%
- Revenue from new products (released from FY24 onward)312 % increaseYear on year against the same period last year+312%
- Cumulative number of new product models35 Models
Segment results
- Industrial Automation BusinessNet Sales¥1,312 hundred million (YoY +37.2%)Operating profit¥213 hundred million (YoY +100.8%)
- Healthcare BusinessNet Sales¥364 hundred million (YoY +16.7%)Operating profit¥24 hundred million (YoY +101.7%)
- Social systems businessNet Sales¥242 hundred million (YoY -2.0%)Operating profit¥1 hundred million (YoY -62.5%)
- Data Solutions BusinessNet Sales¥131 hundred million (YoY +22.8%)Operating profit¥3 hundred million
- of which: JMDCNet Sales¥126 hundred million (YoY +17.5%)Operating profit¥18 hundred million (YoY +17.5%)
Medium-term management plan targets
Give top priority through 2030 to strengthening the competitiveness of the Devices Business and build the foundation for achieving GEMBA DXFinancial targets
ROEApproximately 7.0%
ROICApproximately 5.5%
Orders received and order backlog
Order level of 1.67 (FY22 4Q = 1.00, at constant exchange rates)Capital expenditures
¥126 hundred million
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥2,099 hundred million (YoY +26.1%) |
| Operating profit | ¥189 hundred million (YoY +226.0%) |
| Net income | ¥106 hundred million (YoY +131.1%) |
| Gross Profit Margin | 46.5% |
| Operating profit margin | 9.0% |
| Results for the three months of the current quarter | Net Sales ¥2,099 hundred million / Operating profit ¥189 hundred million / Net income attributable to the Company's shareholders ¥106 hundred million |
| Full-year earnings forecast | Net Sales ¥8,800 hundred million / Gross profit ¥4,100 hundred million / Operating profit ¥800 hundred million / Net income from continuing operations ¥580 hundred million / Net income from discontinued operations ¥-145 hundred million / Net income attributable to the Company's shareholders ¥405 hundred million / ROE Approximately 7.0% / ROIC Approximately 5.5% / EPS ¥294.97 |
| Segment results | Segment Industrial Automation Business / Net Sales ¥1,312 hundred million (YoY +37.2%) / Operating profit ¥213 hundred million (YoY +100.8%), Segment Healthcare Business / Net Sales ¥364 hundred million (YoY +16.7%) / Operating profit ¥24 hundred million (YoY +101.7%), Segment Social systems business / Net Sales ¥242 hundred million (YoY -2.0%) / Operating profit ¥1 hundred million (YoY -62.5%), Segment Data Solutions Business / Net Sales ¥131 hundred million (YoY +22.8%) / Operating profit ¥3 hundred million, Segment of which: JMDC / Net Sales ¥126 hundred million (YoY +17.5%) / Operating profit ¥18 hundred million (YoY +17.5%) |
| Breakdown of Factors Affecting the Change | Factors Foreign Exchange Effects / Amount +¥4.0 billion, Factors Increase in gross profit from higher sales / Amount +¥13.2 billion, Factors Improvement in Gross Profit Margin / Amount +¥100 million, Factors Increase in SG&A expenses / Amount -¥3.1 billion, Factors Increase in fixed costs / Amount -¥4.9 billion (personnel expenses: -¥1.5 billion; other expenses: -¥3.4 billion), Factors Increase in R&D expenses / Amount -¥1.8 billion, Factors Decrease in other expenses / Amount +¥700 million |
| Key KPIs | Indicator name 1Q order level (FY22 4Q = 1.00, at constant exchange rates) / Value 1.67 Index / Year on year against the same period last year Not disclosed, Indicator name Semiconductor industry revenue / Value 46 % increase / Year on year against the same period last year +46%, Indicator name Secondary battery industry revenue / Value 46 % increase / Year on year against the same period last year +46%, Indicator name AXI revenue / Value 257 % increase / Year on year against the same period last year +257%, Indicator name Revenue from new products (released from FY24 onward) / Value 312 % increase / Year on year against the same period last year +312%, Indicator name Cumulative number of new product models / Value 35 Models / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Average U.S. dollar exchange rate ¥156.2 / Average euro exchange rate ¥181.3 / Average Chinese yuan exchange rate ¥23.1 / Exchange rate assumptions from 2Q onward US dollars ¥155.0 / Euro ¥180.0 / Renminbi ¥23.0 |
| Medium-term management plan targets | Give top priority through 2030 to strengthening the competitiveness of the Devices Business and build the foundation for achieving GEMBA DX |
| Financial targets | ROE Approximately 7.0% / ROIC Approximately 5.5% / Actual ROE Not disclosed / Actual ROIC Not disclosed |
| Capital expenditures | ¥126 hundred million |
| Orders received and order backlog | Order level of 1.67 (FY22 4Q = 1.00, at constant exchange rates) |
| New initiatives | Global rollout of a sales and marketing model centered on customer data, Global rollout of successful digital marketing models, Expand the customer base by strengthening sales channels, Develop high-value-added products using AI, PV monitors and power conditioners for PPA operators, scheduled for launch in August 2026 |
Items this document does not state (13)
Ordinary incomeSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesMarket 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.In the first quarter, the Industrial Automation Business grew on the acquisition of AI-related demand and expansion of its customer base. The Healthcare Business and Data Solutions Business also benefited from strengthened sales and marketing activities. The main reason for the upward revision to the full-year forecasts is that capital investment in the semiconductor and secondary battery industries in the Industrial Automation Business has remained strong, exceeding the assumptions made at the beginning of the fiscal year.
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.