Worth reading
64In focus
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
176
¥100 million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter (interim period) of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥693 hundred million+34.0%
Operating profit¥96 hundred million+90.0%
Net income¥66 hundred million+72.0%
Results for the three months of the current quarterThe operating profit margins for Q2 alone were 24.4% for Communications Measurement and 15.2% for PQA. The amounts of sales and operating profit for Q2 alone are shown in a chart but are not explicitly stated in the numerical table in the text.
Full-year earnings forecast
Consolidated
Net Sales
¥1,450 hundred million
Operating profit
¥220 hundred million
Pretax profit
¥220 hundred million
Profit for the period
¥160 hundred million
Communications Measurement
Net Sales
¥900 hundred million
Operating profit
¥200 hundred million
PQA
Net Sales
¥340 hundred million
Operating profit
¥42 hundred million
Environmental Measurement
Net Sales
¥145 hundred million
Operating profit
¥-12 hundred million
Other
Net Sales
¥65 hundred million
Operating profit
¥20 hundred million
Adjustments
Operating profit
¥-30 hundred million
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Assumed USD exchange rate for the second half¥150 /US$
- Assumed euro exchange rate for the second half175 JPY/EUR
New initiatives
- Exhibition at CEATEC 2026
- AI-enabled vector network analyzer
- Hybrid eCall evaluation solution
- Power HIL to accelerate EV battery charging and driving evaluation
- AI-enabled X-ray inspection machine for the food industry
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥878 hundred millionYear on year against the same period last year+60%
- Operating cash flow margin12.8 %
- Operating cash flow¥88 hundred million
- Free cash flow¥65 hundred million
- Cash and cash equivalents at period-end¥513 hundred million
- Interest-bearing debt¥70 hundred million
Segment results
Communications Measurement
Net Sales
¥421 hundred million+36.0%
Operating profit
¥87 hundred million+120.0%
PQA
Net Sales
¥170 hundred million+17.0%
Operating profit
¥22 hundred million+48.0%
Environmental Measurement
Net Sales
¥70 hundred million+137.0%
Operating profit
¥-13 hundred million
Other
Net Sales
¥33 hundred million0.0%
Operating profit
¥11 hundred million+54.0%
Adjustments
Operating profit
¥-12 hundred million
Orders received and order backlog
Orders received
¥878 hundred million+60.0%
Annual Dividend
¥63 /share
Breakdown
Interim Dividend25
Year-end dividend38
Payout ratio
50.4 %
Acquisition of treasury shares
¥50 hundred million
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥693 hundred million (YoY +34.0%) |
| Operating profit | ¥96 hundred million (YoY +90.0%) |
| Net income | ¥66 hundred million (YoY +72.0%) |
| Results for the three months of the current quarter | The operating profit margins for Q2 alone were 24.4% for Communications Measurement and 15.2% for PQA. The amounts of sales and operating profit for Q2 alone are shown in a chart but are not explicitly stated in the numerical table in the text. |
| Full-year earnings forecast | Consolidated Net Sales ¥1,450 hundred million / Operating profit ¥220 hundred million / Pretax profit ¥220 hundred million / Profit for the period ¥160 hundred million / Communications Measurement Net Sales ¥900 hundred million / Operating profit ¥200 hundred million / PQA Net Sales ¥340 hundred million / Operating profit ¥42 hundred million / Environmental Measurement Net Sales ¥145 hundred million / Operating profit ¥-12 hundred million / Other Net Sales ¥65 hundred million / Operating profit ¥20 hundred million / Adjustments Operating profit ¥-30 hundred million |
| Segment results | Communications Measurement Net Sales ¥421 hundred million (YoY +36.0%) / Operating profit ¥87 hundred million (YoY +120.0%) / PQA Net Sales ¥170 hundred million (YoY +17.0%) / Operating profit ¥22 hundred million (YoY +48.0%) / Environmental Measurement Net Sales ¥70 hundred million (YoY +137.0%) / Operating profit ¥-13 hundred million / Other Net Sales ¥33 hundred million (YoY 0.0%) / Operating profit ¥11 hundred million (YoY +54.0%) / Adjustments Operating profit ¥-12 hundred million |
| Key KPIs | Indicator name Orders received / Value ¥878 hundred million / Year on year against the same period last year +60%, Indicator name Operating cash flow margin / Value 12.8 % / Year on year against the same period last year Not disclosed, Indicator name Operating cash flow / Value ¥88 hundred million / Year on year against the same period last year Not disclosed, Indicator name Free cash flow / Value ¥65 hundred million / Year on year against the same period last year Not disclosed, Indicator name Cash and cash equivalents at period-end / Value ¥513 hundred million / Year on year against the same period last year Not disclosed, Indicator name Interest-bearing debt / Value ¥70 hundred million / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Item Assumed USD exchange rate for the second half / Value ¥150 /US$, Item Assumed euro exchange rate for the second half / Value 175 JPY/EUR |
| Annual Dividend | ¥63 /share |
| Payout ratio | 50.4 % |
| Acquisition of treasury shares | ¥50 hundred million |
| Orders received and order backlog | Orders received ¥878 hundred million (YoY +60.0%) / Order backlog Not disclosed |
| New initiatives | Exhibition at CEATEC 2026, AI-enabled vector network analyzer, Hybrid eCall evaluation solution, Power HIL to accelerate EV battery charging and driving evaluation, AI-enabled X-ray inspection machine for the food industry |
Items this document does not state (16)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsCapital expendituresMarket 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.In Communications Measurement, demand was strong for the construction and acceleration of generative AI data centers and for optical submarine cable installation. In PQA, demand for X-ray inspection for the North American meat market was strong. In Environmental Measurement, demand for testing equipment for EVs and batteries is in an adjustment phase, while demand for data acquisition systems remained firm.
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.