Komori
Earnings6807Japan Aviation Electronics Industry,LimitedElectrical Equipment & Precision Instruments

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

For the first half of the fiscal year ending March 2027, net sales increased 11.9% year on year, while operating income decreased 31.1%, ordinary income decreased 53.9%, and interim net income attributable to owners of the parent decreased 55.4%. The full-year earnings forecast was revised, and the Interface Solutions business was integrated into the Connector business in the reporting segments.

Worth reading
57In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
31.1
% (year-on-year decrease in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales123,564¥ millionYear on year +11.9%Progress 48.5%
Operating profit3,279¥ millionYear on year -31.1%Progress 31.2%
Ordinary income2,181¥ millionYear on year -53.9%Progress 28.0%
Net income attributable to owners of the parent1,390¥ millionYear on year -55.4%Progress 27.8%

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¥20.62
Financial position at period-end
Total assets233,406¥ million
of which net assets 143,270 ¥ millionEquity ratio 61.3%vs. prior year-end -0.8pt

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+6,593
Investment-12,612
Financials-4,223
Net change-10,242

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¥37,746 million
Segment revenueSegment Connector Business / Current interim period ¥112,405 million / Prior-year period ¥101,249 million / Year on year against the same period last year Not disclosed, Segment Aviation equipment business / Current interim period ¥10,835 million / Prior-year period ¥8,955 million / Year on year against the same period last year Not disclosed, Segment Other / Current interim period ¥323 million / Prior-year period ¥235 million / Year on year against the same period last year Not disclosed
Segment profitSegment Connector Business / Current interim period ¥3,894 million / Prior-year period ¥6,486 million / Year on year against the same period last year Not disclosed, Segment Aviation equipment business / Current interim period ¥1,848 million / Prior-year period ¥787 million / Year on year against the same period last year Not disclosed, Segment Other / Current interim period ¥83 million / Prior-year period ¥65 million / Year on year against the same period last year Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥255,000 million (YoY +11.9%)
Operating profit¥10,500 million (YoY +17.5%)
Ordinary income¥7,800 million (YoY -5.4%)
Net income¥5,000 million (YoY -29.3%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥255,000 million / Operating profit Not disclosed → ¥10,500 million / Ordinary income Not disclosed → ¥7,800 million / Net income Not disclosed → ¥5,000 million
Annual Dividend Forecast60 Yen → 50 Yen(-16.7%)
Factors Behind Changes in Business Performance

Net sales increased due to demand in the automotive, industrial machinery and infrastructure, and aerospace markets, as well as AI-related demand, appropriate pricing, global marketing, and new product development. Profit decreased due to higher costs for raw materials such as gold and copper, procurement costs for components due to the weaker yen, energy prices, logistics expenses, and personnel expenses, as well as foreign exchange losses.

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 Available修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Depreciation and amortization¥9,531 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Institutional investors and analysts
Issued Shares at Period-End70,302,608
Treasury Shares at Period-End2,847,592
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales¥123,564 million (YoY +11.9%)
Operating profit¥3,279 million (YoY -31.1%)
Ordinary income¥2,181 million (YoY -53.9%)
Profit attributable to owners of the parent¥1,390 million (YoY -55.4%)
Net income per share¥20.62
Equity ratioEnd of the current fiscal period 61.3 / End of previous period 62.1
Total assets¥233,406 million
Net assets¥143,270 million
Cash flows from operating activities¥6,593 million
Cash flows from investing activities¥-12,612 million
Cash flows from financing activities¥-4,223 million
Cash and cash equivalents at end of period¥37,746 million
Full-year earnings forecastNet Sales ¥255,000 million (YoY +11.9%) / Operating profit ¥10,500 million (YoY +17.5%) / Ordinary income ¥7,800 million (YoY -5.4%) / Net income ¥5,000 million (YoY -29.3%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥255,000 million / Operating profit Not disclosed → ¥10,500 million / Ordinary income Not disclosed → ¥7,800 million / Net income Not disclosed → ¥5,000 million
Annual Dividend Forecast60 Yen → 50 Yen(-16.7%)
Segment revenueSegment Connector Business / Current interim period ¥112,405 million / Prior-year period ¥101,249 million / Year on year against the same period last year Not disclosed, Segment Aviation equipment business / Current interim period ¥10,835 million / Prior-year period ¥8,955 million / Year on year against the same period last year Not disclosed, Segment Other / Current interim period ¥323 million / Prior-year period ¥235 million / Year on year against the same period last year Not disclosed
Segment profitSegment Connector Business / Current interim period ¥3,894 million / Prior-year period ¥6,486 million / Year on year against the same period last year Not disclosed, Segment Aviation equipment business / Current interim period ¥1,848 million / Prior-year period ¥787 million / Year on year against the same period last year Not disclosed, Segment Other / Current interim period ¥83 million / Prior-year period ¥65 million / Year on year against the same period last year Not disclosed
Depreciation and amortization¥9,531 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate Available / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Institutional investors and analysts
Issued Shares at Period-End70,302,608
Treasury Shares at Period-End2,847,592
Factors Behind Changes in Business PerformanceNet sales increased due to demand in the automotive, industrial machinery and infrastructure, and aerospace markets, as well as AI-related demand, appropriate pricing, global marketing, and new product development. Profit decreased due to higher costs for raw materials such as gold and copper, procurement costs for components due to the weaker yen, energy prices, logistics expenses, and personnel expenses, as well as foreign exchange losses.
Items this document does not state (8)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)Material subsequent events

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.

On the revenue side, demand in the automotive, industrial machinery and infrastructure, and aerospace markets, as well as AI-related demand, contributed to results. The company also pursued appropriate pricing, global marketing, and new product development. On the profit side, results were affected by higher costs for raw materials such as gold and copper, procurement costs for components due to the weaker yen, energy prices, logistics expenses, and personnel expenses, as well as foreign exchange losses resulting from currency movements. The segment integration is intended to improve efficiency by consolidating management resources, maximize synergies, and restore business growth and improve profitability.

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