Worth reading
74In focus
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
2003
Millions of yen (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFiscal year ending March 2027, second quarter (first half)11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales9,639 Millions of yen+26.0%
Operating profit1,297 Millions of yen+13.0%
Ordinary income1,300 Millions of yen+6.0%
Net income¥964 million +12.0%profit attributable to owners of the parent
Selling, general and administrative expenses1,585 Millions of yen
Gross Profit Margin
Rate30 %
Year-on-year change (points)-4 %
Operating profit margin
Rate13 %
Year-on-year change (points)-2 %
Results for the three months of the current quarter
1Q
Net Sales4,679 Millions of yen
Cost of revenue3,185 Millions of yen
Gross profit1,493 Millions of yen
Selling, general and administrative expenses732 Millions of yen
Operating profit760 Millions of yen
Ordinary income780 Millions of yen
Net income546 Millions of yen
2Q
Net Sales4,960 Millions of yen
Cost of revenue3,570 Millions of yen
Gross profit1,389 Millions of yen
Selling, general and administrative expenses852 Millions of yen
Operating profit537 Millions of yen
Ordinary income519 Millions of yen
Net income418 Millions of yen
Full-year earnings forecast
Net Sales
20,400 Millions of yen
Cost of revenue
14,700 Millions of yen
Gross profit
5,700 Millions of yen
Selling, general and administrative expenses
3,410 Millions of yen
Operating profit
2,290 Millions of yen
Ordinary income
2,350 Millions of yen
Net income
¥1,700 million profit attributable to owners of the parent
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 Sales47 %
Cost of revenue46 %
Gross profit51 %
Selling, general and administrative expenses46 %
Operating profit57 %
Ordinary income55 %
Net income57 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Results were broadly in line with the revised plan announced on 28 September. Progress against the full-year plan was steady.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Price Pass-ThroughProgress in adjusting selling prices to reflect higher procurement costs
Memory modulesHigher sales volume, increased sales of high-capacity and higher-priced products, and adjustment of selling prices
Other for pachinko and pachislot machinesHigher sales volume of LED drivers
AI BusinessRevenue declined due to the impact of concentrating resources on priority areas and other factors
Profit
Front-loaded recognition of R&D expensesSome development expenses scheduled for the second half were recognized earlier than planned
Research and Development Expenses¥155 million increase year on year
Selling, general and administrative expenses¥163 million increase year on year
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
New machine sales volume145 10,000 units
Graphics LSI units sold35 10,000 units
Unit_Graphics LSI10,000 units
Memory module units sold74 10,000 units
Unit_Memory10,000 units
Reuse rateExpected downside, etc.
New initiatives
- Additional R&D expense recognition for next-generation products (front-loaded investment)
- Earlier-than-planned recognition of development expenses due to strong progress in product development
Key KPIsA metric the company considers important as a management benchmark.
- Market size by number of new machines sold145 10,000 units
- LSI business order backlog at the end of September19,971 Millions of yen
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- ProductGraphics LSIUnit sales26 10,000 unitsUnits sold in the same period of the previous year21 10,000 units
- ProductMemory modulesUnit sales35 10,000 unitsUnits sold in the same period of the previous year37 10,000 units
- ProductFull-year forecast unit sales of graphics LSIsUnit sales35 10,000 units
- ProductFull-year forecast unit sales of memory modulesUnit sales74 10,000 units
Segment results
Overall Performance
Net Sales
9,639 Millions of yen
Operating profit
1,297 Millions of yen
LSI Business
Net Sales
9,308 Millions of yen
Segment profit
1,763 Millions of yen
AI Business
Net Sales
330 Millions of yen
Segment loss
-107 Millions of yen
Adjustments
Corporate Expenses
-357 Millions of yen
Market Size / Share
Market size of new machine sales145 10,000 units
Orders received and order backlog
Order backlog¥19,971 million LSI business, end of September
Annual Dividend
Annual dividend per share79 Yen
Year-end dividend79 Yen
Payout ratio
Rate50.1 %
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | 9,639 Millions of yen (YoY +26.0%) |
| Operating profit | 1,297 Millions of yen (YoY +13.0%) |
| Ordinary income | 1,300 Millions of yen (YoY +6.0%) |
| Net income | ¥964 million (profit attributable to owners of the parent) (YoY +12.0%) |
| Gross Profit Margin | Rate 30 % / Year-on-year change (points) -4 % |
| Operating profit margin | Rate 13 % / Year-on-year change (points) -2 % |
| Selling, general and administrative expenses | 1,585 Millions of yen |
| Results for the three months of the current quarter | 1Q Net Sales 4,679 Millions of yen / Cost of revenue 3,185 Millions of yen / Gross profit 1,493 Millions of yen / Selling, general and administrative expenses 732 Millions of yen / Operating profit 760 Millions of yen / Ordinary income 780 Millions of yen / Net income 546 Millions of yen / 2Q Net Sales 4,960 Millions of yen / Cost of revenue 3,570 Millions of yen / Gross profit 1,389 Millions of yen / Selling, general and administrative expenses 852 Millions of yen / Operating profit 537 Millions of yen / Ordinary income 519 Millions of yen / Net income 418 Millions of yen |
| Full-year earnings forecast | Net Sales 20,400 Millions of yen / Cost of revenue 14,700 Millions of yen / Gross profit 5,700 Millions of yen / Selling, general and administrative expenses 3,410 Millions of yen / Operating profit 2,290 Millions of yen / Ordinary income 2,350 Millions of yen / Net income ¥1,700 million (profit attributable to owners of the parent) |
| Progress against full-year forecast | Net Sales 47 % / Cost of revenue 46 % / Gross profit 51 % / Selling, general and administrative expenses 46 % / Operating profit 57 % / Ordinary income 55 % / Net income 57 % |
| Self-assessment against the plan | Results were broadly in line with the revised plan announced on 28 September. Progress against the full-year plan was steady. |
| Segment results | Overall Performance Net Sales 9,639 Millions of yen / Operating profit 1,297 Millions of yen / LSI Business Net Sales 9,308 Millions of yen / Segment profit 1,763 Millions of yen / AI Business Net Sales 330 Millions of yen / Segment loss -107 Millions of yen / Adjustments Corporate Expenses -357 Millions of yen |
| Breakdown of Factors Affecting the Change | Net Sales Price Pass-Through Progress in adjusting selling prices to reflect higher procurement costs / Memory modules Higher sales volume, increased sales of high-capacity and higher-priced products, and adjustment of selling prices / Other for pachinko and pachislot machines Higher sales volume of LED drivers / AI Business Revenue declined due to the impact of concentrating resources on priority areas and other factors / Profit Front-loaded recognition of R&D expenses Some development expenses scheduled for the second half were recognized earlier than planned / Research and Development Expenses ¥155 million increase year on year / Selling, general and administrative expenses ¥163 million increase year on year |
| Key KPIs | Indicator name Market size by number of new machines sold / Value 145 10,000 units / Year on year against the same period last year Not disclosed, Indicator name LSI business order backlog at the end of September / Value 19,971 Millions of yen / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Product Graphics LSI / Unit sales 26 10,000 units / Units sold in the same period of the previous year 21 10,000 units, Product Memory modules / Unit sales 35 10,000 units / Units sold in the same period of the previous year 37 10,000 units, Product Full-year forecast unit sales of graphics LSIs / Unit sales 35 10,000 units, Product Full-year forecast unit sales of memory modules / Unit sales 74 10,000 units |
| Assumptions Underlying the Business Outlook | New machine sales volume 145 10,000 units / Graphics LSI units sold 35 10,000 units / Unit_Graphics LSI 10,000 units / Memory module units sold 74 10,000 units / Unit_Memory 10,000 units / Reuse rate Expected downside, etc. |
| Annual Dividend | Annual dividend per share 79 Yen / Interim Dividend Not disclosed / Year-end dividend 79 Yen |
| Payout ratio | Rate 50.1 % |
| Orders received and order backlog | Order backlog ¥19,971 million (LSI business, end of September) |
| Market Size / Share | Market size of new machine sales 145 10,000 units / Share Not disclosed |
| New initiatives | Additional R&D expense recognition for next-generation products (front-loaded investment), Earlier-than-planned recognition of development expenses due to strong progress in product development |
Items this document does not state (8)
Number of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition 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.Revenue increased as the adjustment of selling prices to reflect higher procurement costs progressed, sales volumes of memory modules increased, high-capacity and higher-priced products grew, and sales volumes of LED drivers increased. On the profit side, selling, general and administrative expenses increased because some development expenses scheduled for the second half were recognized earlier than planned, in line with strong progress in product development. Operating profit and below fell slightly short of the revised plan.
How to read this page
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