Worth reading
39Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-220
¥100 million (year-on-year change in sales)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationFY2026 Second Quarter (First Half)6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales445 yen-33.1%
Operating profit-31 yen
Ordinary income-72 yen
Net income-70 yen
Results for the three months of the current quarter
Net Sales
206 yen-39.4%
Operating profit
-19 yen
Ordinary income
-39 yen
Quarterly net income
-36 yen
EBITDA
-11 yen
Full-year earnings forecastNot disclosed
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit, first half of fiscal 2026
Foreign exchange impact9
Lower volume-80
Product Mix43
Fixed-Cost Reduction193
Other-51
Operating profit, second quarter of fiscal 2026
Foreign exchange impact4
Lower volume-54
Product Mix13
Fixed-Cost Reduction92
Other-21
New initiatives
- 対応 for automotive products in subsequent processes at Nanox Philippines
- Start of shipments of WhiteMagic PRO
- Mass-production shipments of backplanes for trace biological sample processing devices for CyteSi
- Mass-production shipments of fingerprint sensors for Image Match Design
- Transition of next-generation satellite communications antenna substrates for Kymeta to the mass-production phase
- Joint manufacturing of thermal imaging sensors with Obsidian Sensors
- Transfer of assets of the Mobara Plant
- Additional requests for exercise of the 14th Stock Acquisition Rights, among other matters
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA-16 yenYear on year against the same period last year+108.0%
- Tradable share ratio25.5 %Year on year against the same period last year+5.4 percentage points from the end of the previous fiscal year
- Average exchange rate¥159.5 /US$
- WhiteMagic PRO peak brightness2,000 cd/㎡
- WhiteMagic PRO color gamut25 % increase
- WhiteMagic PRO power consumption30 % decrease
Segment results
First half of fiscal 2026
Automotive
Net Sales
348 yen-34.2%
Consumer and industrial equipment
Net Sales
96 yen-28.9%
Second quarter of FY2026
Automotive
Net Sales
157 yen-41.4%
Consumer and industrial equipment
Net Sales
49 yen-33.3%
Financial targets
Targets for ROIC, ROE and other metrics will be considered after earnings have stabilizedMarket Size / Share
Top share of the digital camera LCD market (revenue basis; figures not disclosed)| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | FY2026 Second Quarter (First Half) |
| Net Sales | 445 yen (YoY -33.1%) |
| Operating profit | -31 yen |
| Ordinary income | -72 yen |
| Net income | -70 yen |
| Results for the three months of the current quarter | Net Sales 206 yen (YoY -39.4%) / Operating profit -19 yen / Ordinary income -39 yen / Quarterly net income -36 yen / EBITDA -11 yen |
| Full-year earnings forecast | Not disclosed |
| Segment results | First half of fiscal 2026 Automotive Net Sales 348 yen (YoY -34.2%) / Consumer and industrial equipment Net Sales 96 yen (YoY -28.9%) / Second quarter of FY2026 Automotive Net Sales 157 yen (YoY -41.4%) / Consumer and industrial equipment Net Sales 49 yen (YoY -33.3%) |
| Breakdown of Factors Affecting the Change | Operating profit, first half of fiscal 2026 Foreign exchange impact 9 / Lower volume -80 / Product Mix 43 / Fixed-Cost Reduction 193 / Other -51 / Operating profit, second quarter of fiscal 2026 Foreign exchange impact 4 / Lower volume -54 / Product Mix 13 / Fixed-Cost Reduction 92 / Other -21 |
| Key KPIs | Indicator name EBITDA / Value -16 yen / Year on year against the same period last year 108 yen, Indicator name Tradable share ratio / Value 25.5 % / Year on year against the same period last year +5.4 percentage points from the end of the previous fiscal year, Indicator name Average exchange rate / Value ¥159.5 /US$ / Year on year against the same period last year Not disclosed, Indicator name WhiteMagic PRO peak brightness / Value 2,000 cd/㎡ / Year on year against the same period last year Not disclosed, Indicator name WhiteMagic PRO color gamut / Value 25 % increase / Year on year against the same period last year Not disclosed, Indicator name WhiteMagic PRO power consumption / Value 30 % decrease / Year on year against the same period last year Not disclosed |
| Financial targets | Targets for ROIC, ROE and other metrics will be considered after earnings have stabilized |
| Market Size / Share | Top share of the digital camera LCD market (revenue basis; figures not disclosed) |
| New initiatives | 対応 for automotive products in subsequent processes at Nanox Philippines, Start of shipments of WhiteMagic PRO, Mass-production shipments of backplanes for trace biological sample processing devices for CyteSi, Mass-production shipments of fingerprint sensors for Image Match Design, Transition of next-generation satellite communications antenna substrates for Kymeta to the mass-production phase, Joint manufacturing of thermal imaging sensors with Obsidian Sensors, Transfer of assets of the Mobara Plant, Additional requests for exercise of the 14th Stock Acquisition Rights, among other matters |
Items this document does not state (17)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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 declined mainly due to the end of production at the Mobara Plant. The operating loss narrowed as a result of structural reforms, including reductions in plant expenses and personnel costs following the end of production at the Mobara Plant, as well as an increase in the sales mix of automotive products with high production efficiency. Net assets improved mainly due to the partial exercise of the 14th Stock Acquisition Rights and debt repayments.
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