Overview of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 | TAMURA CORPORATION (6768) timely disclosure

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Direction

Mixed performance

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Scale

3911

¥ million (year-on-year increase in revenue)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥32,784 million+13.5%

Operating profit¥1,135 million-3.7%

Net income¥3,044 million+1,200.0%

Operating profit margin3.5 %

Results for the three months of the current quarter

Net Sales

¥32,784 million

Operating profit

¥1,135 million

Quarterly net income

¥3,044 million

Full-year earnings forecast

Net Sales

¥130,000 million

Operating profit

¥5,600 million

Net income for the current fiscal year

¥4,500 million

Operating profit margin

4.3 %

ROE

7 %

ROIC

4.4 %

Dividend per share

¥16

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

Factors driving revenue growth10 Hundreds of millions of yen
Soaring material prices-4 Hundreds of millions of yen
Increase in SG&A and other expenses-7 Hundreds of millions of yen

Quarterly net income

One-time factors in FY2026/31 Hundreds of millions of yen
Gain on sale of investment securities15 Hundreds of millions of yen
Gain on transfer of equity interests7 Hundreds of millions of yen
Income taxes and other factors5 Hundreds of millions of yen

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Foreign Exchange

Period average¥159 /US$

End of period¥155 /US$

DemandDemand from AI data centers remains firm, while the industrial equipment market continues to recover

Information Equipment BusinessBusiness transfer scheduled for 1 October 2026

New initiatives

Scheduled to acquire an 80% stake in EMG Power Electric S.r.l. in October 2026
Add new MV products at the Mexico plant and increase production capacity to four times the FY2023 level
Structural reform and production realignment of the China business
Research and development of elemental technologies and products for next-generation power semiconductors
Expand sales of high-value-added products, including the black solder resist NOCTURNE

Key KPIsA metric the company considers important as a management benchmark.

Large transformer share for PDU applications in the North American market40 Approximately %
Outlook for data center product revenueAt least approximately 2x FY2024
Mexico plant production capacity in FY20274x FY2023
NOCTURNE series revenue growth outlookApproximately 9x 2024
EMG shareholding80 %

Segment results

Electronic components-related
Net Sales211 Hundreds of millions of yen
Revenue_yoy_pct6.9
Operating profit10 Hundreds of millions of yen
Operating profit_yoy_pct19.9
Electronic chemical assembly-related
Net Sales116 Hundreds of millions of yen
Revenue_yoy_pct31.6
Operating profit6 Hundreds of millions of yen
Operating profit_yoy_pct-19.8
Information equipment-related
Net Sales0.9 Hundreds of millions of yen
Revenue_yoy_pct-71.1
Operating profit-2.7 Hundreds of millions of yen
Operating income_yoyNarrowed loss

Medium-term management plan targets

Plan14th Medium-Term Management Plan

Operating profit marginAt least 7%

ROE8% or higher

Financial targets

ROE

Target8% or higher

Forecast for the fiscal year ending March 20277 %

ROIC

Forecast for the fiscal year ending March 20274.4 %

Equity ratio

End-Jun 202649.6 %

Market Size / Share

Large transformer share for PDU applications in the North American marketApproximately 40%

Number of stores and locations

Number at period-end7 production sites worldwide

Capital expenditures

¥43.4 billions forecast for the fiscal year ending March 2027

Annual Dividend

Annual dividend per share¥16

Interim¥8

End of period¥8

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First quarter of the fiscal year ending March 2027
Net Sales	¥32,784 million (YoY +13.5%)
Operating profit	¥1,135 million (YoY -3.7%)
Net income	¥3,044 million (YoY +1,200.0%)
Operating profit margin	3.5 %
Results for the three months of the current quarter	Net Sales ¥32,784 million / Operating profit ¥1,135 million / Quarterly net income ¥3,044 million
Full-year earnings forecast	Net Sales ¥130,000 million / Operating profit ¥5,600 million / Net income for the current fiscal year ¥4,500 million / Operating profit margin 4.3 % / ROE 7 % / ROIC 4.4 % / Dividend per share ¥16
Segment results	Segment Electronic components-related / Net Sales 211 Hundreds of millions of yen / Revenue_yoy_pct 6.9 / Operating profit 10 Hundreds of millions of yen / Operating profit_yoy_pct 19.9, Segment Electronic chemical assembly-related / Net Sales 116 Hundreds of millions of yen / Revenue_yoy_pct 31.6 / Operating profit 6 Hundreds of millions of yen / Operating profit_yoy_pct -19.8, Segment Information equipment-related / Net Sales 0.9 Hundreds of millions of yen / Revenue_yoy_pct -71.1 / Operating profit -2.7 Hundreds of millions of yen / Operating income_yoy Narrowed loss
Breakdown of Factors Affecting the Change	Operating profit Factors Factors driving revenue growth / Amount 10 Hundreds of millions of yen, Factors Soaring material prices / Amount -4 Hundreds of millions of yen, Factors Increase in SG&A and other expenses / Amount -7 Hundreds of millions of yen / Quarterly net income Factors One-time factors in FY2026/3 / Amount 1 Hundreds of millions of yen, Factors Gain on sale of investment securities / Amount 15 Hundreds of millions of yen, Factors Gain on transfer of equity interests / Amount 7 Hundreds of millions of yen, Factors Income taxes and other factors / Amount 5 Hundreds of millions of yen
Key KPIs	Indicator name Large transformer share for PDU applications in the North American market / Value 40 Approximately % / Year on year against the same period last year Not disclosed, Indicator name Outlook for data center product revenue / Value At least approximately 2x FY2024 / Year on year against the same period last year Not disclosed, Indicator name Mexico plant production capacity in FY2027 / Value 4x FY2023 / Year on year against the same period last year Not disclosed, Indicator name NOCTURNE series revenue growth outlook / Value Approximately 9x 2024 / Year on year against the same period last year Not disclosed, Indicator name EMG shareholding / Value 80 % / Year on year against the same period last year Not disclosed
Number of stores and locations	Number at period-end 7 production sites worldwide / Number of store openings and closures during the period Not disclosed
Assumptions Underlying the Business Outlook	Foreign Exchange Period average ¥159 /US$ / End of period ¥155 /US$ / Demand Demand from AI data centers remains firm, while the industrial equipment market continues to recover / Information Equipment Business Business transfer scheduled for 1 October 2026
Medium-term management plan targets	Plan 14th Medium-Term Management Plan / Operating profit margin At least 7% / ROE 8% or higher / Target fiscal year Not disclosed
Financial targets	ROE Target 8% or higher / Forecast for the fiscal year ending March 2027 7 % / ROIC Forecast for the fiscal year ending March 2027 4.4 % / Equity ratio End-Jun 2026 49.6 %
Annual Dividend	Annual dividend per share ¥16 / Interim ¥8 / End of period ¥8
Capital expenditures	¥43.4 billions (forecast for the fiscal year ending March 2027)
Market Size / Share	Large transformer share for PDU applications in the North American market Approximately 40%
New initiatives	Scheduled to acquire an 80% stake in EMG Power Electric S.r.l. in October 2026, Add new MV products at the Mexico plant and increase production capacity to four times the FY2023 level, Structural reform and production realignment of the China business, Research and development of elemental technologies and products for next-generation power semiconductors, Expand sales of high-value-added products, including the black solder resist NOCTURNE

Items this document does not state (12)

Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders 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 increased on stronger demand related to AI servers and data centers, automotive applications, and industrial equipment. Operating profit declined as raw material prices rose sharply in the electronic chemicals and materials business, while the timing of selling price revisions under the formula-based pricing system was delayed, and SG&A and other expenses increased due to strengthened R&D and the introduction of DX and AI. Net income increased due to extraordinary gains from the gain on the transfer of equity interests in a consolidated Chinese subsidiary and gains on sales of investment securities.

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