Worth reading
54Recurring
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How definitive the wording is.Contents of this document
Earnings presentation materialsFiscal year ending March 2027, second quarter (first half)4 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,348 million
Operating profit¥64 million disclosed
Net income¥45 million
Operating profit margin
Rate1.5% (disclosed) / 2.8% (excluding one-time costs)
Full-year earnings forecast
Net Sales
¥9,610 million
Operating profit
¥460 million
Net income for the current fiscal year
¥313 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales45.2%
Operating profit excluding one-time expenses26.1%
Reported operating profit13.9%
Net income for the current fiscal year14.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Expected to achieve the full-year sales plan / Expected to achieve the full-year operating profit planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit excluding one-time expenses
Sales decline due to the naphtha shock-161
Cost inflation-35
SG&A cost reduction59
Second-half outlook
Order Recovery161
Shortfall in passing through material cost increases-145
SG&A cost reduction121
New initiatives
- Resume order-taking activities for stalled new projects
- Order-taking activities in the variable resistor business for new mass production beginning in fiscal 2027
- Order-taking activities in the automotive business for new mass production beginning in fiscal 2029
- Change in the collection method for trade receivables and shortening of the collection period
- Strategic buildup of inventories in preparation for demand
Segment results
Variable resistors
Net Sales
¥1,852 million0.0%
Segment profit
¥368 million-33.1%
Automotive electrical components
Net Sales
¥2,496 million-15.5%
Segment profit
¥126 million-46.2%
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | ¥4,348 million |
| Operating profit | ¥64 million (disclosed) |
| Net income | ¥45 million |
| Operating profit margin | Rate 1.5% (disclosed) / 2.8% (excluding one-time costs) / Year-on-year change (points) Not disclosed |
| Full-year earnings forecast | Net Sales ¥9,610 million / Operating profit ¥460 million / Net income for the current fiscal year ¥313 million |
| Progress against full-year forecast | Net Sales 45.2% / Operating profit excluding one-time expenses 26.1% / Reported operating profit 13.9% / Net income for the current fiscal year 14.4% |
| Self-assessment against the plan | Expected to achieve the full-year sales plan / Expected to achieve the full-year operating profit plan |
| Segment results | Variable resistors Net Sales ¥1,852 million (YoY 0.0%) / Segment profit ¥368 million (YoY -33.1%) / Automotive electrical components Net Sales ¥2,496 million (YoY -15.5%) / Segment profit ¥126 million (YoY -46.2%) |
| Breakdown of Factors Affecting the Change | Operating profit excluding one-time expenses Sales decline due to the naphtha shock -161 / Cost inflation -35 / SG&A cost reduction 59 / Second-half outlook Order Recovery 161 / Shortfall in passing through material cost increases -145 / SG&A cost reduction 121 |
| New initiatives | Resume order-taking activities for stalled new projects, Order-taking activities in the variable resistor business for new mass production beginning in fiscal 2027, Order-taking activities in the automotive business for new mass production beginning in fiscal 2029, Change in the collection method for trade receivables and shortening of the collection period, Strategic buildup of inventories in preparation for demand |
Items this document does not state (19)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket 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.The deterioration in first-half performance was attributable to production adjustments following the naphtha shock, delays in transferring and ramping up production sites, and higher costs. The company explained that it will make up the shortfall in the second half through a recovery in orders, price negotiations with customers and price pass-through, and selling, general and administrative expense reductions.
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.