Worth reading
47Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
12.9
Year-on-year increase in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales134,910¥ millionYear on year -2.0%Progress 96.4%
Operating profit7,670¥ millionYear on year +12.9%Progress 95.9%
Ordinary income8,002¥ millionYear on year +3.6%Progress 106.7%
Net income attributable to owners of the parent4,951¥ millionYear on year +26.9%Progress 99.0%
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¥221.04
Operating MarginCurrent fiscal year 5.7 % / Previous period 4.9 %
Financial position at period-end
Total assets112,244¥ million
of which net assets 76,926 ¥ millionEquity ratio 60.3%vs. prior year-end +3.3pt
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 inflows and outflows
Operating+6,936
Investment-5,781
Financials-2,331
Net change-1,176
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥20,451 million
Segment revenue
Speaker business111,86982.9%-2.3%
Mobile audio business12,4699.2%-3.3%
Other Businesses10,5727.8%+3.7%
Segment profit
Speaker business6,52285.0%+2.5%
Mobile audio business6728.8%+4.9%
Other Businesses4756.2%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥140,000 million (YoY +3.8%)
Operating profit¥8,000 million (YoY +4.3%)
Ordinary income¥7,500 million (YoY -6.3%)
Net income¥5,000 million (YoY +1.0%)
Annual Dividend Forecast¥80 per share → ¥115 per share（+58.3%）
Payout ratioFiscal year ending March 2026 36.2 % / Forecast for the fiscal year ending March 2027 51.7 %
Shareholder Return PolicyFor the current fiscal year, a payout ratio of 40% and DOE of 2% (floor); for the next fiscal year, the higher of a payout ratio of 50% and DOE of 4% as the target
Factors Behind Changes in Business Performance
Revenue declined due to lower speaker sales to certain Chinese automakers and sluggish sales of automotive headphones and other products. Operating income increased due to higher sales of high-margin speakers and other products, mitigation of the negative impact from lower sales, and the effects of structural reforms.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsNot applicable.
Impairment loss¥0 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥392 million / Extraordinary loss Not disclosed
Depreciation and amortization¥3,398 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (対象者：Not disclosed)
Issued Shares at Period-End25,000,000 Shares
Treasury Shares at Period-End2,532,193 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥134,910 million (YoY -2.0%) |
| Operating profit | ¥7,670 million (YoY +12.9%) |
| Ordinary income | ¥8,002 million (YoY +3.6%) |
| Profit attributable to owners of the parent | ¥4,951 million (YoY +26.9%) |
| Net income per share | ¥221.04 |
| Operating Margin | Current fiscal year 5.7 % / Previous period 4.9 % |
| Equity ratio | End of the current fiscal period 60.3 % / End of previous period 57 % |
| Total assets | ¥112,244 million |
| Net assets | ¥76,926 million |
| Cash flows from operating activities | ¥6,936 million |
| Cash flows from investing activities | ¥-5,781 million |
| Cash flows from financing activities | ¥-2,331 million |
| Cash and cash equivalents at end of period | ¥20,451 million |
| Full-year earnings forecast | Net Sales ¥140,000 million (YoY +3.8%) / Operating profit ¥8,000 million (YoY +4.3%) / Ordinary income ¥7,500 million (YoY -6.3%) / Net income ¥5,000 million (YoY +1.0%) |
| Annual Dividend Forecast | ¥80 per share → ¥115 per share（+58.3%） |
| Payout ratio | Fiscal year ending March 2026 36.2 % / Forecast for the fiscal year ending March 2027 51.7 % |
| Shareholder Return Policy | For the current fiscal year, a payout ratio of 40% and DOE of 2% (floor); for the next fiscal year, the higher of a payout ratio of 50% and DOE of 4% as the target |
| Segment revenue | Speaker business ¥111,869 million (YoY -2.3%) / Mobile audio business ¥12,469 million (YoY -3.3%) / Other Businesses ¥10,572 million (YoY +3.7%) |
| Segment profit | Speaker business ¥6,522 million (YoY +2.5%) / Mobile audio business ¥672 million (YoY +4.9%) / Other Businesses ¥475 million |
| Depreciation and amortization | ¥3,398 million |
| Impairment loss | ¥0 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥392 million / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Held (対象者：Not disclosed) |
| Issued Shares at Period-End | 25,000,000 Shares |
| Treasury Shares at Period-End | 2,532,193 Shares |
| Factors Behind Changes in Business Performance | Revenue declined due to lower speaker sales to certain Chinese automakers and sluggish sales of automotive headphones and other products. Operating income increased due to higher sales of high-margin speakers and other products, mitigation of the negative impact from lower sales, and the effects of structural reforms. |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders received and order backlog
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 declined due to lower speaker sales to certain Chinese automakers and sluggish sales growth for certain products. Operating income increased as sales of higher-margin products grew, the negative impact of lower sales was below expectations, and structural reforms took effect.
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.