Worth reading
90Important
Scored from 3 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
80
¥100 million (increase in operating profit versus the previous forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationSecond 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)
Gross Profit MarginRecord high in the first-half results. The year-on-year change was driven by an improvement in gross margin. Rate: Not disclosed
Operating profit marginOperating margins are provided by segment and for the Industrial Automation Business. Consolidated first-half figure: Not disclosed
Results for the three months of the current quarterOperating profit ¥21.7 billion, versus ¥9.7 billion in the same period of the previous year, an increase of ¥12.0 billion year on year. Revenue and other items: Not disclosed
Full-year earnings forecastRevenue, operating profit, and net income were revised upward. Forecasts by item: Not disclosed. Annual dividend forecast: ¥110 per share
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 change in second-quarter operating profit: foreign exchange impact +¥3.0 billion, increase in gross profit from higher revenue +¥11.1 billion, gross margin improvement +¥6.0 billion, increase in SG&A and R&D expenses ▲¥7.6 billion, increase in other expenses ▲¥0.5 billion, with operating profit rising from ¥9.7 billion to ¥21.7 billion, an increase of ¥12.0 billion. Change in full-year operating profit versus the previous forecast: foreign exchange and other impacts +¥2.8 billion, increase in gross profit from higher revenue +¥10.8 billion, gross margin improvement +¥0.2 billion, increase in SG&A and R&D expenses ▲¥2.7 billion, increase in other expenses ▲¥1.1 billion, one-time expenses ▲¥2.0 billion, with operating profit rising from ¥80.0 billion to ¥88.0 billion, an increase of ¥8.0 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Second-half FY2026 FX assumptions: US dollar ¥155.0, euro ¥180.0, renminbi ¥23.0. Full-year impact of a ¥1 change: US dollar, approximately ¥1.1 billion in revenue and approximately ¥0 billion in operating profit; euro, approximately ¥0.6 billion in revenue and approximately ¥0.3 billion in operating profit; renminbi, approximately ¥0.6 billion in revenue and approximately ¥0.1 billion in operating profitNew initiatives
In the Industrial Automation Business, the company expanded its new product lineup, enhanced the visualization of customer-by-customer transaction status and related proposals, and increased sales of new products. OMI results were transferred between IAB and other head-office organizations on a segment basis. The company is strengthening its business platform and frontline and production personnel, while advancing development and infrastructure investment.Key KPIsA metric the company considers important as a management benchmark.
Industrial Automation Business order level: FY22 4Q = 1.00 versus FY26 2Q = 1.56; order level excluding the impact of shipments brought forward = 1.42. Cumulative number of new products in the Industrial Automation Business: 37 models. First-half year-on-year sales growth: semiconductor industry +63%, secondary battery industry +63%, AXI +185%, new products +168%, other industries +12%Segment results
Revenue and profit increased in the Industrial Automation Business, Healthcare Business, and Data Solutions Business. Revenue and profit decreased in the Social Systems Business. Figures are shown in the presentation charts, but the values extracted from the text are: Not disclosedFinancial targets
The ROIC calculation formula is provided, but target and actual figures are: Not disclosedMarket Size / Share
Market share and market size figures: Not disclosedOrders received and order backlog
Order levels are presented as an index. FY26 2Q: 1.56; order level excluding the impact of shipments brought forward: 1.42. Order intake and order backlog on a monetary basis: Not disclosedAnnual Dividend
Annual dividend forecast: ¥110 per share. Interim dividend: ¥55 per share; year-end dividend breakdown: Not disclosed| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Gross Profit Margin | Record high in the first-half results. The year-on-year change was driven by an improvement in gross margin. Rate: Not disclosed |
| Operating profit margin | Operating margins are provided by segment and for the Industrial Automation Business. Consolidated first-half figure: Not disclosed |
| Results for the three months of the current quarter | Operating profit ¥21.7 billion, versus ¥9.7 billion in the same period of the previous year, an increase of ¥12.0 billion year on year. Revenue and other items: Not disclosed |
| Full-year earnings forecast | Revenue, operating profit, and net income were revised upward. Forecasts by item: Not disclosed. Annual dividend forecast: ¥110 per share |
| Segment results | Revenue and profit increased in the Industrial Automation Business, Healthcare Business, and Data Solutions Business. Revenue and profit decreased in the Social Systems Business. Figures are shown in the presentation charts, but the values extracted from the text are: Not disclosed |
| Breakdown of Factors Affecting the Change | Year-on-year change in second-quarter operating profit: foreign exchange impact +¥3.0 billion, increase in gross profit from higher revenue +¥11.1 billion, gross margin improvement +¥6.0 billion, increase in SG&A and R&D expenses ▲¥7.6 billion, increase in other expenses ▲¥0.5 billion, with operating profit rising from ¥9.7 billion to ¥21.7 billion, an increase of ¥12.0 billion. Change in full-year operating profit versus the previous forecast: foreign exchange and other impacts +¥2.8 billion, increase in gross profit from higher revenue +¥10.8 billion, gross margin improvement +¥0.2 billion, increase in SG&A and R&D expenses ▲¥2.7 billion, increase in other expenses ▲¥1.1 billion, one-time expenses ▲¥2.0 billion, with operating profit rising from ¥80.0 billion to ¥88.0 billion, an increase of ¥8.0 billion |
| Key KPIs | Industrial Automation Business order level: FY22 4Q = 1.00 versus FY26 2Q = 1.56; order level excluding the impact of shipments brought forward = 1.42. Cumulative number of new products in the Industrial Automation Business: 37 models. First-half year-on-year sales growth: semiconductor industry +63%, secondary battery industry +63%, AXI +185%, new products +168%, other industries +12% |
| Assumptions Underlying the Business Outlook | Second-half FY2026 FX assumptions: US dollar ¥155.0, euro ¥180.0, renminbi ¥23.0. Full-year impact of a ¥1 change: US dollar, approximately ¥1.1 billion in revenue and approximately ¥0 billion in operating profit; euro, approximately ¥0.6 billion in revenue and approximately ¥0.3 billion in operating profit; renminbi, approximately ¥0.6 billion in revenue and approximately ¥0.1 billion in operating profit |
| Financial targets | The ROIC calculation formula is provided, but target and actual figures are: Not disclosed |
| Annual Dividend | Annual dividend forecast: ¥110 per share. Interim dividend: ¥55 per share; year-end dividend breakdown: Not disclosed |
| Orders received and order backlog | Order levels are presented as an index. FY26 2Q: 1.56; order level excluding the impact of shipments brought forward: 1.42. Order intake and order backlog on a monetary basis: Not disclosed |
| Market Size / Share | Market share and market size figures: Not disclosed |
| New initiatives | In the Industrial Automation Business, the company expanded its new product lineup, enhanced the visualization of customer-by-customer transaction status and related proposals, and increased sales of new products. OMI results were transferred between IAB and other head-office organizations on a segment basis. The company is strengthening its business platform and frontline and production personnel, while advancing development and infrastructure investment. |
Items this document does not state (16)
Net SalesOperating profitOrdinary incomeNet 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 outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital expendituresKey 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 addition to revenue growth, the improvement in gross margin contributed to higher profit. The upward revision to the full-year forecast was primarily driven by revenue growth in the Industrial Automation Business and Healthcare Business. In the Industrial Automation Business, the capture of AI-related demand, expansion of the customer base, and increased sales of new products also contributed.
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.