Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
10.2
Year-on-year change in operating income (¥100 million)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportThird quarter of the fiscal year ending December 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥136.3 100 million+12.8%
Operating profit¥7.4 100 million
Ordinary income¥6.8 100 million
Net income¥3.2 100 million quarterly net income attributable to owners of the parent
Gross Profit MarginThe margin and year-on-year change in percentage points were not disclosed. However, the disclosure states that the gross margin improved.
Selling, general and administrative expensesTotal SG&A expenses and the SG&A ratio to revenue were not disclosed. R&D expenses were ¥700 million, compared with ¥790 million in the prior-year period.
Results for the three months of the current quarterStandalone 3Q revenue was ¥4.5 billion, operating profit was ¥132 million, and ordinary profit was ¥122 million. Operating profit swung from a loss in the prior-year period to a profit of ¥130 million.
Full-year earnings forecast
Net Sales
¥185 100 million
Operating profit
¥9 100 million
Ordinary income
¥8 100 million
Profit attributable to owners of the parent
¥4 100 million
Earnings per share
¥92.6
Dividend per share
¥32
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales73.7%
Operating profit83.1%
Ordinary income85.8%
Profit attributable to owners of the parent80.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is on track against the full-year earnings forecast. The full-year earnings forecast and dividend forecast remain unchanged.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors behind the change in operating profit: ¥440 million from higher gross profit due to increased sales, ¥230 million from the improved gross margin, ¥70 million from improved SG&A, ¥70 million from an IEEPA tariff refund for current-period sales, ¥410 million from higher gross profit due to foreign exchange movements, and a ¥260 million increase in SG&A due to foreign exchange movements. Business factors contributed ¥800 million, while external factors contributed ¥220 million.
New initiatives
The company is rolling out NEURIG, a next-generation neural modeler for guitar amps and effects. It offers native support for DNA Engine and NAM A2 Lite, access to more than 700,000 NAM captures and IRs on TONE3000, and features including sessions with AI prompts and YouTube tracks, and AI stem separation using SessionZ Pedal.Key KPIsA metric the company considers important as a management benchmark.
Standalone 3Q sales at ZNA, the US sales subsidiary, increased 16% year on year; SS, the German sales subsidiary, increased 3%; SSUK, the UK sales subsidiary, declined 8%; Mogar, the Italian sales subsidiary, increased 12%; domestic sales increased 14%; and HookUp sales declined 5%. By product category, HAR sales increased 15%, PFR sales increased 35%, DMX sales increased 38%, and MFX sales declined 10%.Segment results
Segment profit was not disclosed. 3Q cumulative sales by product category were HAR: ¥2.42 billion → ¥3.06 billion, DMX: ¥1.29 billion → ¥1.41 billion, MFX: ¥960 million → ¥890 million, PFR: ¥760 million → ¥990 million, HVR: ¥310 million → ¥320 million, and Other: ¥860 million → ¥870 million. Sales of brands handled by Mogar were ¥3.45 billion → ¥3.96 billion, brands handled by HookUp were ¥1.05 billion → ¥1.07 billion, and brands handled by Sound Service were ¥1.16 billion → ¥1.07 billion. Sales by region were Europe: ¥1.72 billion → ¥2.11 billion, North America: ¥2.34 billion → ¥2.69 billion, Japan: ¥900 million → ¥930 million, Southern Europe: ¥760 million → ¥890 million, and Other: ¥2.69 billion → ¥3.45 billion. All figures compare 3Q of the fiscal year ended December 2025 with 3Q of the fiscal year ending December 2026.Annual Dividend
Annual dividend per share: ¥32. The breakdown between the interim and year-end dividends was not disclosed.Payout ratio
34.6% (full-year forecast)| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Third quarter of the fiscal year ending December 2026 |
| Net Sales | ¥136.3 100 million (YoY +12.8%) |
| Operating profit | ¥7.4 100 million |
| Ordinary income | ¥6.8 100 million |
| Net income | ¥3.2 100 million (quarterly net income attributable to owners of the parent) |
| Gross Profit Margin | The margin and year-on-year change in percentage points were not disclosed. However, the disclosure states that the gross margin improved. |
| Selling, general and administrative expenses | Total SG&A expenses and the SG&A ratio to revenue were not disclosed. R&D expenses were ¥700 million, compared with ¥790 million in the prior-year period. |
| Results for the three months of the current quarter | Standalone 3Q revenue was ¥4.5 billion, operating profit was ¥132 million, and ordinary profit was ¥122 million. Operating profit swung from a loss in the prior-year period to a profit of ¥130 million. |
| Full-year earnings forecast | Net Sales ¥185 100 million / Operating profit ¥9 100 million / Ordinary income ¥8 100 million / Profit attributable to owners of the parent ¥4 100 million / Earnings per share ¥92.6 / Dividend per share ¥32 |
| Progress against full-year forecast | Net Sales 73.7% / Operating profit 83.1% / Ordinary income 85.8% / Profit attributable to owners of the parent 80.6% |
| Self-assessment against the plan | Progress is on track against the full-year earnings forecast. The full-year earnings forecast and dividend forecast remain unchanged. |
| Segment results | Segment profit was not disclosed. 3Q cumulative sales by product category were HAR: ¥2.42 billion → ¥3.06 billion, DMX: ¥1.29 billion → ¥1.41 billion, MFX: ¥960 million → ¥890 million, PFR: ¥760 million → ¥990 million, HVR: ¥310 million → ¥320 million, and Other: ¥860 million → ¥870 million. Sales of brands handled by Mogar were ¥3.45 billion → ¥3.96 billion, brands handled by HookUp were ¥1.05 billion → ¥1.07 billion, and brands handled by Sound Service were ¥1.16 billion → ¥1.07 billion. Sales by region were Europe: ¥1.72 billion → ¥2.11 billion, North America: ¥2.34 billion → ¥2.69 billion, Japan: ¥900 million → ¥930 million, Southern Europe: ¥760 million → ¥890 million, and Other: ¥2.69 billion → ¥3.45 billion. All figures compare 3Q of the fiscal year ended December 2025 with 3Q of the fiscal year ending December 2026. |
| Breakdown of Factors Affecting the Change | Factors behind the change in operating profit: ¥440 million from higher gross profit due to increased sales, ¥230 million from the improved gross margin, ¥70 million from improved SG&A, ¥70 million from an IEEPA tariff refund for current-period sales, ¥410 million from higher gross profit due to foreign exchange movements, and a ¥260 million increase in SG&A due to foreign exchange movements. Business factors contributed ¥800 million, while external factors contributed ¥220 million. |
| Key KPIs | Standalone 3Q sales at ZNA, the US sales subsidiary, increased 16% year on year; SS, the German sales subsidiary, increased 3%; SSUK, the UK sales subsidiary, declined 8%; Mogar, the Italian sales subsidiary, increased 12%; domestic sales increased 14%; and HookUp sales declined 5%. By product category, HAR sales increased 15%, PFR sales increased 35%, DMX sales increased 38%, and MFX sales declined 10%. |
| Annual Dividend | Annual dividend per share: ¥32. The breakdown between the interim and year-end dividends was not disclosed. |
| Payout ratio | 34.6% (full-year forecast) |
| New initiatives | The company is rolling out NEURIG, a next-generation neural modeler for guitar amps and effects. It offers native support for DNA Engine and NAM A2 Lite, access to more than 700,000 NAM captures and IRs on TONE3000, and features including sessions with AI prompts and YouTube tracks, and AI stem separation using SessionZ Pedal. |
Items this document does not state (13)
Operating profit marginUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket 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.The business factors cited were improved sell-through of Handy Recorders, contributions from the Studio series, an improved gross margin resulting from price revisions, a better product mix and operations to mitigate the impact of tariffs, and cost control in SG&A expenses. In addition, contributions came from higher gross profit due to yen depreciation, an IEEPA tariff refund for current-period sales, a reduction in foreign exchange losses, and tariff refunds for prior periods.
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.