Worth reading
41Recurring
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
8380
¥ million (year-on-year change in interim sales)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFY2027/3 interim period6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥21,158 million+65.6%
Operating profit¥7,726 million+87.5%
Ordinary income¥7,932 million+86.7%
Net income¥6,079 million+98.8%
Selling, general and administrative expensesR&D expenses: ¥610 million; selling, general and administrative expenses: ¥2,435 million
Gross Profit Margin
Rate59.8% (September 2026 alone)
Year-on-year change (points)+1.8 percentage points (versus 58.0% in September 2025)
Operating profit margin
Rate39.2% (September 2026 alone)
Year-on-year change (points)+6.0 percentage points (versus 33.2% in September 2025)
Results for the three months of the current quarterFor September 2026 alone, sales were ¥11,803 million, operating profit was ¥4,621 million, ordinary profit was ¥4,573 million, and net income was ¥3,369 million. The optical components business reported sales of ¥1,757 million and segment profit of ¥386 million, while the optical measurement equipment business reported sales of ¥9,647 million and segment profit of ¥4,221 million.
Full-year earnings forecast
Net Sales
¥50,000 million
Operating profit
¥18,000 million
Ordinary income
¥17,900 million
Net income for the current fiscal year
¥12,500 million
Annual dividend
330 Yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Balance sheet
Notes and accounts receivable, and contract assets+¥524 million
Merchandise and finished goods+¥393 million
Work in process+¥303 million
Raw Materials+¥837 million
Construction in progress+¥631 million
Goodwill+¥701 million
Notes and accounts payable+¥771 million
Long-term borrowings-¥318 million
Retained earnings+¥4,492 million
Cash flow
Interim profit before income taxes+¥8,637 million
Income taxes paid-¥2,086 million
Increase in Inventories-¥1,580 million
Acquisition of tangible fixed assets-¥1,355 million
Acquisition and Sale of Investment Securities-¥148 million
Dividend payments-¥1,581 million
Repayment of Borrowings-¥318 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign Exchange¥157 per US dollar (average during the interim period used in the full-year forecast for the fiscal year ending March 2027)
New initiatives
The profit and loss of HM SOLUTIONS CO., Ltd., acquired in June 2026, will be included in the optical measurement equipment business from the second quarter of the fiscal year ending March 2027.Segment results
Optical Components-related Business
Net Sales
¥3,145 million+16.0%
Segment profit
¥610 million-12.6%
Optical Measurement Equipment-related Business
Net Sales
¥17,029 million+83.2%
Segment profit
¥7,039 million+108.9%
Capital expenditures
¥1,355 million capital expenditures for the acquisition of property, plant and equipment
Annual Dividend
Annual dividend per share¥330
Interim Dividend¥165
Year-end dividend¥165
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | FY2027/3 interim period |
| Net Sales | ¥21,158 million (YoY +65.6%) |
| Operating profit | ¥7,726 million (YoY +87.5%) |
| Ordinary income | ¥7,932 million (YoY +86.7%) |
| Net income | ¥6,079 million (YoY +98.8%) |
| Gross Profit Margin | Rate 59.8% (September 2026 alone) / Year-on-year change (points) +1.8 percentage points (versus 58.0% in September 2025) |
| Operating profit margin | Rate 39.2% (September 2026 alone) / Year-on-year change (points) +6.0 percentage points (versus 33.2% in September 2025) |
| Selling, general and administrative expenses | R&D expenses: ¥610 million; selling, general and administrative expenses: ¥2,435 million |
| Results for the three months of the current quarter | For September 2026 alone, sales were ¥11,803 million, operating profit was ¥4,621 million, ordinary profit was ¥4,573 million, and net income was ¥3,369 million. The optical components business reported sales of ¥1,757 million and segment profit of ¥386 million, while the optical measurement equipment business reported sales of ¥9,647 million and segment profit of ¥4,221 million. |
| Full-year earnings forecast | Net Sales ¥50,000 million / Operating profit ¥18,000 million / Ordinary income ¥17,900 million / Net income for the current fiscal year ¥12,500 million / Annual dividend 330 Yen |
| Segment results | Optical Components-related Business Net Sales ¥3,145 million (YoY +16.0%) / Segment profit ¥610 million (YoY -12.6%) / Optical Measurement Equipment-related Business Net Sales ¥17,029 million (YoY +83.2%) / Segment profit ¥7,039 million (YoY +108.9%) |
| Breakdown of Factors Affecting the Change | Balance sheet Notes and accounts receivable, and contract assets +¥524 million / Merchandise and finished goods +¥393 million / Work in process +¥303 million / Raw Materials +¥837 million / Construction in progress +¥631 million / Goodwill +¥701 million / Notes and accounts payable +¥771 million / Long-term borrowings -¥318 million / Retained earnings +¥4,492 million / Cash flow Interim profit before income taxes +¥8,637 million / Income taxes paid -¥2,086 million / Increase in Inventories -¥1,580 million / Acquisition of tangible fixed assets -¥1,355 million / Acquisition and Sale of Investment Securities -¥148 million / Dividend payments -¥1,581 million / Repayment of Borrowings -¥318 million |
| Assumptions Underlying the Business Outlook | Foreign Exchange ¥157 per US dollar (average during the interim period used in the full-year forecast for the fiscal year ending March 2027) |
| Annual Dividend | Annual dividend per share ¥330 / Interim Dividend ¥165 / Year-end dividend ¥165 |
| Capital expenditures | ¥1,355 million (capital expenditures for the acquisition of property, plant and equipment) |
| New initiatives | The profit and loss of HM SOLUTIONS CO., Ltd., acquired in June 2026, will be included in the optical measurement equipment business from the second quarter of the fiscal year ending March 2027. |
Items this document does not state (14)
Progress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesOrders 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 optical measurement equipment business reported higher sales and profit, supported by strong demand for optical communications. The optical components business reported higher sales, but profit declined due to increased expenses associated with capital investment. The full-year outlook cites increasing communications traffic, expanded production of optical communications equipment for data centers, a gradual recovery in demand for semiconductor silicon wafer inspection equipment, and firm demand for optical measurement equipment for medical applications.
How to read this page
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