Worth reading
67In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
22.2
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 December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥38,428 million+8.6%
Operating profit¥1,511 million+22.2%
Ordinary income¥900 million +12.2%profit before tax
Net income¥743 million +28.1%profit attributable to owners of the parent
Operating profit margin3.9%, up 0.4 percentage points year on year
Results for the three months of the current quarterQ1 FY2026 results for January–March 2026: revenue of ¥38,428 million, operating profit of ¥1,511 million, profit before tax of ¥900 million, and profit for the period of ¥743 million
Full-year earnings forecast
Revenue
¥156,000 million
Operating profit
¥7,500 million
Profit before tax
¥4,850 million
Profit for the period
¥3,650 million
EPS
¥110.4
Capital expenditures
¥6,800 million
Depreciation and amortization
¥12,200 million
Research and development costs
¥6,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit growth
Lower fixed-cost burden from higher capacity utilization449
Decrease in raw-material costs343
Improved production efficiency170
Impact of wages76
Decrease in manufacturing overhead8
Schmidbauer153
Optimization of production capacity in China46
Impact of lower revenue-774
Foreign exchange impact-277
Other280
Quarter-on-quarter change in operating profit
Decrease in manufacturing overhead526
Decrease in raw-material costs215
Impact of lower revenue-529
Receipt of compensation in Q4 FY2025-360
Higher fixed-cost burden from lower capacity utilization-446
Impact of wages-238
Foreign exchange impact-202
Lower production efficiency-78
Other673
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD/JPY150
EUR/JPY180
CNY/JPY21.43
HKD/JPY19.23
Copper prices13,000 USD/ton
New initiatives
- A focused push into priority markets under the niche-top strategy
- Creating synergies with Schmidbauer
- Advancing VP coils to the clinical-trial stage
- Commercializing quantum magnetic sensors
- Winning local projects in China and projects in India
- Strengthening R&D and manufacturing technology capabilities in North America
- Post-merger integration with Schmidbauer in Europe and winning projects in new fields
Key KPIsA metric the company considers important as a management benchmark.
- Megatrend-related revenue¥8,400 millionYear on year against the same period last year+23.5%
- Megatrend-related revenue ratio22 %Year on year against the same period last year+2.7 percentage points
- EPS¥21.96Year on year against the same period last year+23.9%
- CCC97 daysYear on year against the same period last year+3.0%
- DIO87 daysYear on year against the same period last year+8.0%
- DSO75 daysYear on year against the same period last year+2.0%
- DPO65 daysYear on year against the same period last year+7.0%
Segment results
Regional breakdown
Asia
Sales
¥14,500 million
Year on year against the same period last year+3.4%
North America
Sales
¥7,200 million
Year on year against the same period last year-1.9%
Europe
Sales
¥16,500 million
Year on year against the same period last year+19.5%
By market
Automotive
Sales
¥22,600 million
Year on year against the same period last year+2.9%
Industry
Sales
¥10,800 million
Year on year against the same period last year+19.2%
Home appliances
Sales
¥4,800 million
Year on year against the same period last year+15.1%
Megatrend-related
xEV and automotive
Sales
¥5,700 million
Year on year against the same period last year+8.4%
Data center-related
Sales
¥1,600 million
Year on year against the same period last year+9.5%
Schmidbauer-related
Sales
¥1,000 million
Year on year against the same period last yearN/A
Total
Sales
¥8,400 million
Year on year against the same period last year+23.5%
Medium-term management plan targets
Target fiscal yearFY2028
Net Sales¥165.0 billion
Operating profit¥10.0 billion
EPS¥174.00
ROE8.4% or higher
Operating profit margin6.1% or higher
ROIC6.7% or higher
Net debt-to-equity ratio0.60x or lower
CCC89 days
Financial targets
Net debt-to-equity ratio
Target0.60x or lower
Actual results0.81x
ROE
Target8.4% or higher
Actual results6.0%
ROIC
Target6.7% or higher
Actual results5.4%
Number of stores and locations
23 sales locations, 24 manufacturing locations, and 11 R&D locations. Openings and closures during the period: Not disclosedCapital expenditures
¥1,415 million FY2026 Q1 actual
Annual Dividend
Annual dividend per share
¥53
Interim Dividend
¥26
Year-end dividend
¥27
Payout ratio
Rate48 %
DOE
2.8 %
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥38,428 million (YoY +8.6%) |
| Operating profit | ¥1,511 million (YoY +22.2%) |
| Ordinary income | ¥900 million (profit before tax) (YoY +12.2%) |
| Net income | ¥743 million (profit attributable to owners of the parent) (YoY +28.1%) |
| Operating profit margin | 3.9%, up 0.4 percentage points year on year |
| Results for the three months of the current quarter | Q1 FY2026 results for January–March 2026: revenue of ¥38,428 million, operating profit of ¥1,511 million, profit before tax of ¥900 million, and profit for the period of ¥743 million |
| Full-year earnings forecast | Revenue ¥156,000 million / Operating profit ¥7,500 million / Profit before tax ¥4,850 million / Profit for the period ¥3,650 million / EPS ¥110.4 / Capital expenditures ¥6,800 million / Depreciation and amortization ¥12,200 million / Research and development costs ¥6,000 million |
| Segment results | Regional breakdown Asia Sales ¥14,500 million / yoy_pct 3.4 / North America Sales ¥7,200 million / yoy_pct -1.9 / Europe Sales ¥16,500 million / yoy_pct 19.5 / By market Automotive Sales ¥22,600 million / yoy_pct 2.9 / Industry Sales ¥10,800 million / yoy_pct 19.2 / Home appliances Sales ¥4,800 million / yoy_pct 15.1 / Megatrend-related xEV and automotive Sales ¥5,700 million / yoy_pct 8.4 / Data center-related Sales ¥1,600 million / yoy_pct 9.5 / Schmidbauer-related Sales ¥1,000 million / yoy_pct N/A / Total Sales ¥8,400 million / yoy_pct 23.5 |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit growth Lower fixed-cost burden from higher capacity utilization 449 / Decrease in raw-material costs 343 / Improved production efficiency 170 / Impact of wages 76 / Decrease in manufacturing overhead 8 / Schmidbauer 153 / Optimization of production capacity in China 46 / Impact of lower revenue -774 / Foreign exchange impact -277 / Other 280 / Quarter-on-quarter change in operating profit Decrease in manufacturing overhead 526 / Decrease in raw-material costs 215 / Impact of lower revenue -529 / Receipt of compensation in Q4 FY2025 -360 / Higher fixed-cost burden from lower capacity utilization -446 / Impact of wages -238 / Foreign exchange impact -202 / Lower production efficiency -78 / Other 673 |
| Key KPIs | Indicator name Megatrend-related revenue / Value ¥8,400 million / Year on year against the same period last year ¥23.5 million, Indicator name Megatrend-related revenue ratio / Value 22 % / Year on year against the same period last year +2.7 percentage points, Indicator name EPS / Value ¥21.96 / Year on year against the same period last year ¥23.9, Indicator name CCC / Value 97 days / Year on year against the same period last year 3 days, Indicator name DIO / Value 87 days / Year on year against the same period last year 8 days, Indicator name DSO / Value 75 days / Year on year against the same period last year 2 days, Indicator name DPO / Value 65 days / Year on year against the same period last year 7 days |
| Number of stores and locations | 23 sales locations, 24 manufacturing locations, and 11 R&D locations. Openings and closures during the period: Not disclosed |
| Assumptions Underlying the Business Outlook | USD/JPY 150 / EUR/JPY 180 / CNY/JPY 21.43 / HKD/JPY 19.23 / Copper prices 13,000 USD/ton |
| Medium-term management plan targets | Target fiscal year FY2028 / Net Sales ¥165.0 billion / Operating profit ¥10.0 billion / EPS ¥174.00 / ROE 8.4% or higher / Operating profit margin 6.1% or higher / ROIC 6.7% or higher / Net debt-to-equity ratio 0.60x or lower / CCC 89 days |
| Financial targets | Net debt-to-equity ratio Target 0.60x or lower / Actual results 0.81x / ROE Target 8.4% or higher / Actual results 6.0% / ROIC Target 6.7% or higher / Actual results 5.4% / Equity ratio Not disclosed |
| Annual Dividend | Annual dividend per share ¥53 / Interim Dividend ¥26 / Year-end dividend ¥27 |
| Payout ratio | Rate 48 % / DOE 2.8 % |
| Capital expenditures | ¥1,415 million (FY2026 Q1 actual) |
| New initiatives | A focused push into priority markets under the niche-top strategy, Creating synergies with Schmidbauer, Advancing VP coils to the clinical-trial stage, Commercializing quantum magnetic sensors, Winning local projects in China and projects in India, Strengthening R&D and manufacturing technology capabilities in North America, Post-merger integration with Schmidbauer in Europe and winning projects in new fields |
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookAcquisition 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 addition of Schmidbauer to the Group and solid European demand related to xEVs contributed to higher revenue, while profitability improved due to the effects of fixed-cost reductions from business-structure reforms and other factors. Schmidbauer's impact on results was approximately ¥1.0 billion in additional revenue and approximately ¥150 million in additional operating profit.
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.