Overview of Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 | TAMURA CORPORATION (6768) timely disclosure

Worth reading

65In 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

3000

Millions of yen

Wording

Definitive

How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter (interim period) of the fiscal year ending March 202710 items taken from the company’s own explanation

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

Net Sales71,137 Millions of yen+22.3%

Operating profit3,566 Millions of yen+23.6%

Net income4,601 Millions of yen+1,400.0%

Operating profit margin5 %

Results for the three months of the current quarterQuarterly trends in net sales and operating profit: net sales of ¥40.6 billion, operating profit of ¥1.40 billion and an operating margin of 3.5% in the second quarter of the fiscal year ending March 2027

Full-year earnings forecast

Net Sales

148,000 Millions of yen

Operating profit

7,500 Millions of yen

Net income for the current fiscal year

6,500 Millions of yen

Operating profit margin

5.1 %

ROE

9.9 %

ROIC

5.7 %

Dividend per share

16 Yen

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Higher electronic component sales+¥1.4 billion
Change in electronic component cost of sales-¥100 million
EMG acquisition-related costs for electronic components-¥0.2 billion
Selling, general and administrative expenses and other costs for electronic components-¥0.7 billion
Higher electronic chemical implementation sales+¥2.5 billion
Change in electronic chemical implementation cost of sales-¥1.3 billion
Selling, general and administrative expenses and other costs for electronic chemical implementation-¥600 million
Other-¥300 million

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

Exchange rate (US dollar/Japanese yen)155 Yen
Demand related to AI data centers and industrial equipment
DetailsDemand is expected to continue and recover
Metal Prices
DetailsHigher tin, silver and other metal prices and selling price revisions are expected

New initiatives

Acquisition of an 80% stake in EMG Power Electric S.r.l. and its consolidation as a subsidiary
Transfer of EMG technology to the Mexico plant and doubling of production capacity
Expansion of capabilities in the medium-voltage and high-capacity transformer markets
Development of next-generation products, including 800V DC-compatible products and SSTs
Transfer of the information equipment business and deconsolidation
Consolidation of production bases in China and transfer of automotive production to Japan

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

ROE9.9 %
Year on year against the same period last year+12.1%
ROIC5.7 %
Year on year against the same period last year+2.1%
Equity ratio48.4 %
Year on year against the same period last year+1.0%
Operating cash flow¥-9.4 100 million
Free cash flow¥11.3 100 million

Segment results

Electronic components-related

Net Sales

¥455 100 million+15.9%

Operating profit

¥23 100 million+24.9%

Electronic chemical assembly-related

Net Sales

¥253 100 million+39.5%

Operating profit

¥24 100 million+27.1%

Information equipment-related

Net Sales

¥4 100 million-53.9%

Operating profit

¥-4.3 100 million

Medium-term management plan targets

Operating profit marginAt least 7%

ROE8% or higher

Target fiscal yearFinal year of the 14th medium-term management plan

Financial targets

ROE

Target8% or higher

Actuals / Forecast9.9%

ROIC

Actuals / Forecast5.7%

Equity ratio

Actual results48.4%

Market Size / Share

Addressable Market in North AmericaEstimated at US$3.5 billion (as of 2026)

North American Transformer Market

20263.53 US$ billion

20315.16 US$ billion

CAGR7.9%

Sales Mix in Focus MarketsApproximately 50%

Capital expenditures

¥68.4 100 million

Annual Dividend

Annual dividend per share16 Yen

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	Second quarter (interim period) of the fiscal year ending March 2027
Net Sales	71,137 Millions of yen (YoY +22.3%)
Operating profit	3,566 Millions of yen (YoY +23.6%)
Net income	4,601 Millions of yen (YoY +1,400.0%)
Operating profit margin	5 %
Results for the three months of the current quarter	Quarterly trends in net sales and operating profit: net sales of ¥40.6 billion, operating profit of ¥1.40 billion and an operating margin of 3.5% in the second quarter of the fiscal year ending March 2027
Full-year earnings forecast	Net Sales 148,000 Millions of yen / Operating profit 7,500 Millions of yen / Net income for the current fiscal year 6,500 Millions of yen / Operating profit margin 5.1 % / ROE 9.9 % / ROIC 5.7 % / Dividend per share 16 Yen
Segment results	Electronic components-related Net Sales ¥455 100 million (YoY +15.9%) / Operating profit ¥23 100 million (YoY +24.9%) / Electronic chemical assembly-related Net Sales ¥253 100 million (YoY +39.5%) / Operating profit ¥24 100 million (YoY +27.1%) / Information equipment-related Net Sales ¥4 100 million (YoY -53.9%) / Operating profit ¥-4.3 100 million
Breakdown of Factors Affecting the Change	Factors Higher electronic component sales / Amount +¥1.4 billion, Factors Change in electronic component cost of sales / Amount -¥100 million, Factors EMG acquisition-related costs for electronic components / Amount -¥0.2 billion, Factors Selling, general and administrative expenses and other costs for electronic components / Amount -¥0.7 billion, Factors Higher electronic chemical implementation sales / Amount +¥2.5 billion, Factors Change in electronic chemical implementation cost of sales / Amount -¥1.3 billion, Factors Selling, general and administrative expenses and other costs for electronic chemical implementation / Amount -¥600 million, Factors Other / Amount -¥300 million
Key KPIs	Indicator name ROE / Value 9.9 % / Year on year against the same period last year 12.1 %, Indicator name ROIC / Value 5.7 % / Year on year against the same period last year 2.1 %, Indicator name Equity ratio / Value 48.4 % / Year on year against the same period last year 1 %, Indicator name Operating cash flow / Value ¥-9.4 100 million, Indicator name Free cash flow / Value ¥11.3 100 million
Assumptions Underlying the Business Outlook	Item Exchange rate (US dollar/Japanese yen) / Value 155 Yen, Item Demand related to AI data centers and industrial equipment / Details Demand is expected to continue and recover, Item Metal Prices / Details Higher tin, silver and other metal prices and selling price revisions are expected
Medium-term management plan targets	Operating profit margin At least 7% / ROE 8% or higher / Target fiscal year Final year of the 14th medium-term management plan
Financial targets	ROE Target 8% or higher / Actuals / Forecast 9.9% / ROIC Target Not disclosed / Actuals / Forecast 5.7% / Equity ratio Actual results 48.4%
Annual Dividend	Annual dividend per share 16 Yen / Breakdown Not disclosed
Capital expenditures	¥68.4 100 million
Market Size / Share	Addressable Market in North America Estimated at US$3.5 billion (as of 2026) / North American Transformer Market 2026 3.53 US$ billion / 2031 5.16 US$ billion / CAGR 7.9% / Sales Mix in Focus Markets Approximately 50%
New initiatives	Acquisition of an 80% stake in EMG Power Electric S.r.l. and its consolidation as a subsidiary, Transfer of EMG technology to the Mexico plant and doubling of production capacity, Expansion of capabilities in the medium-voltage and high-capacity transformer markets, Development of next-generation products, including 800V DC-compatible products and SSTs, Transfer of the information equipment business and deconsolidation, Consolidation of production bases in China and transfer of automotive production to Japan

Items this document does not state (13)

Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber 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.

The reasons cited are expanding demand related to AI data centers and industrial equipment, selling price revisions in response to higher prices for metals such as tin and silver in the electronic chemical implementation business, and strong performance in electronic components. The disclosure also cites increases in raw material prices, selling, general and administrative expenses, EMG acquisition-related costs and structural reform costs.

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.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.