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Results6772Tokyo Cosmos Electric Co.,Ltd.Electrical and Precision Instruments

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, net sales decreased 10.4% year on year and operating profit decreased 78.4%, resulting in a significant deterioration in core business earnings. Meanwhile, the Company returned to profitability from a net loss for the interim period of the previous fiscal year and disclosed plans to record a ¥1,008 million gain on the sale of investment securities as a subsequent event.

Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-78.4
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales4,348¥ millionYear on year -10.4%Progress 45.2%
Operating profit64¥ millionYear on year -78.4%Progress 13.9%
Ordinary income55¥ millionYear on year -78.2%Progress 11.9%
Net income attributable to owners of the parent45¥ million

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥6.67
Financial position at period-end
Total assets11,338¥ million
of which net assets 7,732 ¥ millionEquity ratio 68.2%vs. prior year-end +1.1pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash and cash equivalents at end of period¥2,492,017 thousand
Segment revenueSegment Variable resistors / Current interim period ¥1,852,395 thousand / Same period of the previous year ¥1,851,569 thousand / Year on year against the same period last year Not disclosed, Segment Automotive electrical components / Current interim period ¥2,496,414 thousand / Same period of the previous year ¥2,955,230 thousand / Year on year against the same period last year Not disclosed
Segment profitSegment Variable resistors / Current interim period ¥368,012 thousand / Same period of the previous year ¥550,461 thousand / Year on year against the same period last year Not disclosed, Segment Automotive electrical components / Current interim period ¥126,238 thousand / Same period of the previous year ¥234,664 thousand / Year on year against the same period last year Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥9,610 million (YoY +0.1%)
Operating profit¥460 million (YoY +0.6%)
Ordinary income¥463 million (YoY +0.5%)
Profit attributable to owners of the parent¥313 million
Annual Dividend Forecast¥40 → ¥50(+25.0%)
Factors Behind Changes in Business Performance

Shipments declined due to the impact of the situation in the Middle East, customers' production and inventory adjustments, and production and supply constraints affecting certain products. Operating profit declined due to higher metal material prices, lower operating rates resulting from the decline in net sales, and increased selling, general and administrative expenses.

Disclosure regarding the going concern assumption

None applicable

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNone (no additions or exclusions)
Material subsequent eventsOn 2 November 2026, the Company sold 4 listed securities it held and plans to record a ¥1,008 million gain on the sale of investment securities as extraordinary income in the third quarter of the fiscal year ending March 2027. The sale proceeds will be used to improve the efficiency of its assets and as strategic funding for future M&A and other initiatives.
Impairment lossNone applicable
Breakdown of extraordinary income (loss)Extraordinary income None / Extraordinary loss Loss on disposal and sale of non-current assets ¥25 thousand
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingNone
Issued Shares at Period-End6,825,860 shares
Treasury Shares at Period-End58,325 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥4,348 million (YoY -10.4%)
Operating profit¥64 million (YoY -78.4%)
Ordinary income¥55 million (YoY -78.2%)
Profit attributable to owners of the parent¥45 million
Net income per share¥6.67
Equity ratioEnd of the current fiscal period 68.2 / End of previous period 67.1
Total assets¥11,338 million
Net assets¥7,732 million
Cash and cash equivalents at end of period¥2,492,017 thousand
Full-year earnings forecastNet Sales ¥9,610 million (YoY +0.1%) / Operating profit ¥460 million (YoY +0.6%) / Ordinary income ¥463 million (YoY +0.5%) / Profit attributable to owners of the parent ¥313 million
Annual Dividend Forecast¥40 → ¥50(+25.0%)
Segment revenueSegment Variable resistors / Current interim period ¥1,852,395 thousand / Same period of the previous year ¥1,851,569 thousand / Year on year against the same period last year Not disclosed, Segment Automotive electrical components / Current interim period ¥2,496,414 thousand / Same period of the previous year ¥2,955,230 thousand / Year on year against the same period last year Not disclosed
Segment profitSegment Variable resistors / Current interim period ¥368,012 thousand / Same period of the previous year ¥550,461 thousand / Year on year against the same period last year Not disclosed, Segment Automotive electrical components / Current interim period ¥126,238 thousand / Same period of the previous year ¥234,664 thousand / Year on year against the same period last year Not disclosed
Impairment lossNone applicable
Breakdown of extraordinary income (loss)Extraordinary income None / Extraordinary loss Loss on disposal and sale of non-current assets ¥25 thousand
Disclosure regarding the going concern assumptionNone applicable
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNone (no additions or exclusions)
Material subsequent eventsOn 2 November 2026, the Company sold 4 listed securities it held and plans to record a ¥1,008 million gain on the sale of investment securities as extraordinary income in the third quarter of the fiscal year ending March 2027. The sale proceeds will be used to improve the efficiency of its assets and as strategic funding for future M&A and other initiatives.
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingNone
Issued Shares at Period-End6,825,860 shares
Treasury Shares at Period-End58,325 shares
Factors Behind Changes in Business PerformanceShipments declined due to the impact of the situation in the Middle East, customers' production and inventory adjustments, and production and supply constraints affecting certain products. Operating profit declined due to higher metal material prices, lower operating rates resulting from the decline in net sales, and increased selling, general and administrative expenses.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortization

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.

Shipments declined due to the impact of the situation in the Middle East, customers' production and inventory adjustments, and production and supply constraints affecting certain products. Factors affecting profit included higher metal material prices, lower operating rates resulting from the decline in net sales, and increased selling, general and administrative expenses.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | Tokyo Cosmos Electric Co.,Ltd. (6772) timely disclosure | Komori