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Financial results presentation6798SMK CorporationElectrical Equipment and Precision Instruments

First-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027

In Q1 FY2027/3, revenue increased 4.0% year on year, while operating profit turned from a ¥280 million loss in the same period of the previous fiscal year to a ¥6 million profit. The full-year earnings forecast was unchanged from the initial forecast.

Worth reading
49Recurring
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
286
¥ millions (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,472 million+4.0%
Operating profit¥6 million
Ordinary income¥307 million
Net income¥154 million
Operating profit margin0.1 %
Results for the three months of the current quarter
Net Sales
¥11,472 million
Operating profit
¥6 million
Ordinary income
¥307 million
Quarterly net income
¥154 million
Full-year earnings forecast
Net Sales
¥49,000 million
Operating profit
¥800 million
Ordinary income
¥1,200 million
Net income for the current fiscal year
¥800 million
Earnings per share
¥126.41
Dividend
¥100
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Generally in line with the initial forecast
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in revenue¥197 million
  • Lower variable cost ratio¥148 million
  • Higher fixed costs (labor costs, expenses and depreciation)¥-59 million
  • Higher variable cost ratio due to foreign exchange effects¥-132 million
  • Higher fixed costs due to foreign exchange effects¥-391 million
  • Lower fixed costs under the structural reform program (domestic sites)¥187 million
  • Lower fixed costs under the structural reform program (European and U.S. sites)¥61 million
  • Product mix and productivity improvements¥280 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average Exchange Rate
USD/JPY¥155
New initiatives
  • Fixed-cost reductions under the structural reform program
  • Transfer of the communications module business to SCI
  • Commercialization of voice analysis and electromyography (EMG) sensors
Segment results
CS Division
Net Sales
¥5,877 million+12.9%
Operating profit
¥269 million+17.7%
SCI Division
Net Sales
¥5,592 million-3.6%
Operating profit
¥-188 million
yoy_changeNarrowing operating loss
Innovation center
Net Sales
¥2 million-86.9%
Operating profit
¥-74 million
yoy_changeNarrowing operating loss
Financial targets
Equity ratio
Year-end results52.6 %
Annual Dividend
Annual
¥100
Interim
¥50
End of period
¥50
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥11,472 million (YoY +4.0%)
Operating profit¥6 million
Ordinary income¥307 million
Net income¥154 million
Operating profit margin0.1 %
Results for the three months of the current quarterNet Sales ¥11,472 million / Operating profit ¥6 million / Ordinary income ¥307 million / Quarterly net income ¥154 million
Full-year earnings forecastNet Sales ¥49,000 million / Operating profit ¥800 million / Ordinary income ¥1,200 million / Net income for the current fiscal year ¥800 million / Earnings per share ¥126.41 / Dividend ¥100
Self-assessment against the planGenerally in line with the initial forecast
Segment resultsCS Division Net Sales ¥5,877 million (YoY +12.9%) / Operating profit ¥269 million (YoY +17.7%) / SCI Division Net Sales ¥5,592 million (YoY -3.6%) / Operating profit ¥-188 million / Innovation center Net Sales ¥2 million (YoY -86.9%) / Operating profit ¥-74 million
Breakdown of Factors Affecting the ChangeFactors Increase in revenue / Amount ¥197 million, Factors Lower variable cost ratio / Amount ¥148 million, Factors Higher fixed costs (labor costs, expenses and depreciation) / Amount ¥-59 million, Factors Higher variable cost ratio due to foreign exchange effects / Amount ¥-132 million, Factors Higher fixed costs due to foreign exchange effects / Amount ¥-391 million, Factors Lower fixed costs under the structural reform program (domestic sites) / Amount ¥187 million, Factors Lower fixed costs under the structural reform program (European and U.S. sites) / Amount ¥61 million, Factors Product mix and productivity improvements / Amount ¥280 million
Assumptions Underlying the Business OutlookAverage Exchange Rate USD/JPY ¥155
Financial targetsEquity ratio Year-end results 52.6 %
Annual DividendAnnual ¥100 / Interim ¥50 / End of period ¥50
New initiativesFixed-cost reductions under the structural reform program, Transfer of the communications module business to SCI, Commercialization of voice analysis and electromyography (EMG) sensors
Items this document does not state (15)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsPayout 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.

Revenue increased due to the weaker yen, while operating profit improved as a result of fixed-cost reductions under the structural reform program, improvements in the variable cost ratio and cost ratio, and higher productivity. On the other hand, foreign exchange effects from the stronger RMB and RM were a negative factor.

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.
First-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027 | SMK Corporation (6798) timely disclosure | Komori