Komori
Earnings6656inspec Inc.Electrical Equipment and Precision Instruments

First Quarter Financial Results for the Fiscal Year Ending April 2022 (Japanese GAAP) (Non-consolidated)

First-quarter net sales fell below the initial plan due to delays in the delivery and commissioning of overseas projects. Meanwhile, the Company won orders for automotive FPC inspection systems and other products, resulting in order intake and order backlog substantially exceeding the year-earlier levels.

Worth reading
65In focus
Scored from 3 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
143.9
% year on year
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 May 2021 to 31 July 2021Non-consolidated (standalone)Japanese GAAP
Net Sales454,856¥ thousand
Operating profit16,271¥ thousand
Ordinary income13,014¥ thousand
Net income attributable to owners of the parent10,426¥ thousand

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.

Financial position at period-end
Total assets2,954,990¥ thousand
of which net assets 921,670 ¥ thousand

The shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.

Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net incomeNot disclosed
Change statusNo change
Revision to Earnings ForecastNo
Factors Behind Changes in Business Performance

For domestic projects, delivery and acceptance proceeded steadily for orders secured in the second half of the previous fiscal year. For overseas projects, however, travel restrictions delayed commissioning, causing net sales to fall below the initial plan. Order intake increased due to orders secured for automotive FPC inspection systems and other products.

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Material subsequent eventsNo applicable matters.
Orders received and order backlogOrders received ¥192 million (YoY +50.1%) / Order backlog ¥1,024 million (YoY +143.9%)
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 May 2021 to 31 July 2021
Net Sales¥454,856 thousand
Operating profit¥16,271 thousand
Ordinary income¥13,014 thousand
Profit attributable to owners of the parent¥10,426 thousand
Total assets¥2,954,990 thousand
Net assets¥921,670 thousand
Full-year earnings forecastNet Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Change status No change
Revision to Earnings ForecastNo
Orders received and order backlogOrders received ¥192 million (YoY +50.1%) / Order backlog ¥1,024 million (YoY +143.9%)
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsNo applicable matters.
Factors Behind Changes in Business PerformanceFor domestic projects, delivery and acceptance proceeded steadily for orders secured in the second half of the previous fiscal year. For overseas projects, however, travel restrictions delayed commissioning, causing net sales to fall below the initial plan. Order intake increased due to orders secured for automotive FPC inspection systems and other products.
Items this document does not state (21)
Net income per shareOperating MarginEquity ratioCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodAnnual Dividend ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesDepreciation and amortizationImpairment lossBreakdown of extraordinary income (loss)Changes in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End

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.

For domestic projects, delivery and acceptance progressed for orders secured in the second half of the previous fiscal year. For overseas projects, however, travel restrictions delayed the commissioning of delivered products, causing net sales to fall below the initial plan. The increase in order intake and order backlog was attributed to orders secured for automotive FPC inspection systems, roll-to-roll inspection systems and flatbed inspection systems.

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.
First Quarter Financial Results for the Fiscal Year Ending April 2022 (Japanese GAAP) (Non-consolidated) | inspec Inc. (6656) timely disclosure | Komori