Komori
Earnings presentation materials6867LEADER ELECTRONICS CORPORATIONElectrical and Precision Instruments

Supplementary Financial Results Materials for the Second Quarter of the Fiscal Year Ending March 2027

In the six months through the second quarter, revenue fell below the year-earlier period due in part to the reversal of a large special-demand project in the prior-year period, while operating and net income also turned negative. Although results fell below the initial assumptions due to project delays and rising semiconductor prices, the company expects full-year operating and net income to meet its initial targets.

Worth reading
52Recurring
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
175
Millions of yen (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary Materials to the Earnings ReportSecond quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,754 million-7.1%
Operating profit¥-211 million
Net income¥-169 million
Full-year earnings forecast
Net Sales
¥4,100 million
Operating profit
¥50 million
Net income for the current fiscal year
¥70 million
EBITDA
¥160 million
Market capitalization
¥4,000 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales42.8%
Market capitalization-46.4%
EBITDA-335
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit came in below expectations. However, full-year operating profit and net income are both expected to meet the initial plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Reversal of the prior year's large special-demand project, projects shifted to the third quarter, rising semiconductor prices, marketing activities for the VMA business, and ¥47 million in Trump tariff refunds
New initiatives
  • Release of the second-generation Sx2 series of handheld waveform monitors in September 2026
  • Begin rollout of REALMIXA BOX for consumers from November 2026
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥-175 million
    Year on year against the same period last year-156.0%
  • ROIC-7.5%
  • FCF¥140 million
  • Inventory turnover days162 Days
  • Market capitalization¥1,855 million
    Year on year against the same period last year-442.0%
Segment results
Revenue trends by region are presented for Japan, North America and Latin America, Europe, China, and Other. Segment profit: Not disclosed
Medium-term management plan targets
Target fiscal yearFY2030
EBITDA¥1.8 billion
Market capitalization¥25.0 billion
Inventory turnover days120 days
Financial targets
Equity ratio
Actual results74.9%
Year on year against the same period last year+0.6 pt from the end of the previous fiscal year
ROIC
Target3.0%
Actual results-7.5%
Annual Dividend
Forecast for the fiscal year ending March 2027¥15 per share
Contents of this document
ItemDetails
Document typeSupplementary Materials to the Earnings Report
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥1,754 million (YoY -7.1%)
Operating profit¥-211 million
Net income¥-169 million
Full-year earnings forecastNet Sales ¥4,100 million / Operating profit ¥50 million / Net income for the current fiscal year ¥70 million / EBITDA ¥160 million / Market capitalization ¥4,000 million
Progress against full-year forecastNet Sales 42.8% / Market capitalization -46.4% / Operating profit Not disclosed / Net income for the current fiscal year Not disclosed / EBITDA -335
Self-assessment against the planOperating profit came in below expectations. However, full-year operating profit and net income are both expected to meet the initial plan.
Segment resultsRevenue trends by region are presented for Japan, North America and Latin America, Europe, China, and Other. Segment profit: Not disclosed
Breakdown of Factors Affecting the ChangeReversal of the prior year's large special-demand project, projects shifted to the third quarter, rising semiconductor prices, marketing activities for the VMA business, and ¥47 million in Trump tariff refunds
Key KPIsIndicator name EBITDA / Value ¥-175 million / Year on year against the same period last year ¥-156 million, Indicator name ROIC / Value -7.5% / Year on year against the same period last year Not disclosed, Indicator name FCF / Value ¥140 million / Year on year against the same period last year Not disclosed, Indicator name Inventory turnover days / Value 162 Days / Year on year against the same period last year Not disclosed, Indicator name Market capitalization / Value ¥1,855 million / Year on year against the same period last year ¥-442 million
Medium-term management plan targetsTarget fiscal year FY2030 / EBITDA ¥1.8 billion / Market capitalization ¥25.0 billion / Inventory turnover days 120 days
Financial targetsEquity ratio Actual results 74.9% / Year on year against the same period last year +0.6 pt from the end of the previous fiscal year / ROIC Target 3.0% / Actual results -7.5%
Annual DividendForecast for the fiscal year ending March 2027 ¥15 per share / Interim and Year-End Breakdown Not disclosed
New initiativesRelease of the second-generation Sx2 series of handheld waveform monitors in September 2026, Begin rollout of REALMIXA BOX for consumers from November 2026
Items this document does not state (16)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout 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.

The factors cited include the reversal of a large special-demand project recorded in the first quarter of the prior year, the shift of originally scheduled projects to the third quarter, higher-than-expected price increases, mainly for semiconductors, and active marketing activities for the VMA business. Factors identified as supporting achievement of the full-year plan include passing higher costs through to prices, sales efforts for delayed projects, the revitalization of the Imaging Devices business, and non-operating income from refunds of Trump tariffs.

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Supplementary Financial Results Materials for the Second Quarter of the Fiscal Year Ending March 2027 | LEADER ELECTRONICS CORPORATION (6867) timely disclosure | Komori