Worth reading
50Recurring
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
516
¥ million (year-on-year improvement in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending February 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales4,677 million yen+10.1%
Operating profit116 million yen
Ordinary income108 million yen
Net income32 million yen
Selling, general and administrative expenses1,363 million yen
Gross Profit Margin
Rate31.6
Year-on-year change (points)4.4
Operating profit margin
Rate2.5
Full-year earnings forecast
Net Sales
9,600 million yen
Operating profit
100 million yen
Ordinary income
75 million yen
Net income for the current fiscal year
45 million yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Shift toward more profitable sales channels and products
- Fewer discounts as inventory adjustments progressed
- Loss reduction through the sale of inventory previously subject to valuation losses
- Control of fixed costs
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Full-year revenue outlook for small refrigerators for hospitals490 million yen
- Full-year revenue outlook for metal flooring for semiconductor manufacturing equipment makers350 million yen
New initiatives
- The FPSC business will launch a portable small freezer box operating at -86°C in November
- Strengthening sales to pharmaceutical companies and research institutions in Japan
- Developing sales channels and establishing a distributor network in Europe, South Korea, India and Indonesia
- Accelerating the development of the ultra-low-temperature solutions business for the pharmaceutical and biotechnology sectors
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio69.6 %Year on year against the same period last year+3.5 percentage points from the end of the previous fiscal year
- Revenue from sales to consumer electronics retailers+3% year on yearYear on year against the same period last year+3%
- Revenue from sales for rental and leasing+19% year on yearYear on year against the same period last year+19%
- Revenue from sales of small refrigerators for hospitals and metal flooring for semiconductor manufacturing equipment makers+35% year on yearYear on year against the same period last year+35%
- Revenue from sales to existing overseas customers+22% year on yearYear on year against the same period last year+22%
Segment results
Home Appliances Business
Net Sales
4,482 million yen+9.5%
Segment profit
463 million yen
FPSC Business
Net Sales
194 million yen+24.2%
Segment profit
53 million yen+294.6%
Medium-term management plan targets
Targeting a total payout ratio of 75%–100% during the period of the new Medium-Term Management Plan 2026-2030Financial targets
DOE
Forecast2.2 %
Annual Dividend
Annual dividend per share13 yen
Interim Dividend3 yen
Year-end dividend10 yen
Acquisition of treasury shares
Policy of conducting share repurchases flexibly at appropriate times. However, the repurchase limit, number of shares and period are not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending February 2027 |
| Net Sales | 4,677 million yen (YoY +10.1%) |
| Operating profit | 116 million yen |
| Ordinary income | 108 million yen |
| Net income | 32 million yen |
| Gross Profit Margin | Rate 31.6 / Year-on-year change (points) 4.4 |
| Operating profit margin | Rate 2.5 / Year-on-year change (points) Not disclosed |
| Selling, general and administrative expenses | 1,363 million yen |
| Full-year earnings forecast | Net Sales 9,600 million yen / Operating profit 100 million yen / Ordinary income 75 million yen / Net income for the current fiscal year 45 million yen |
| Segment results | Home Appliances Business Net Sales 4,482 million yen (YoY +9.5%) / Segment profit 463 million yen / FPSC Business Net Sales 194 million yen (YoY +24.2%) / Segment profit 53 million yen (YoY +294.6%) |
| Breakdown of Factors Affecting the Change | Shift toward more profitable sales channels and products, Fewer discounts as inventory adjustments progressed, Loss reduction through the sale of inventory previously subject to valuation losses, Control of fixed costs |
| Key KPIs | Indicator name Equity ratio / Value 69.6 % / Year on year against the same period last year +3.5 percentage points from the end of the previous fiscal year, Indicator name Revenue from sales to consumer electronics retailers / Value +3% year on year / Year on year against the same period last year +3%, Indicator name Revenue from sales for rental and leasing / Value +19% year on year / Year on year against the same period last year +19%, Indicator name Revenue from sales of small refrigerators for hospitals and metal flooring for semiconductor manufacturing equipment makers / Value +35% year on year / Year on year against the same period last year +35%, Indicator name Revenue from sales to existing overseas customers / Value +22% year on year / Year on year against the same period last year +22% |
| Assumptions Underlying the Business Outlook | Item Full-year revenue outlook for small refrigerators for hospitals / Value 490 million yen, Item Full-year revenue outlook for metal flooring for semiconductor manufacturing equipment makers / Value 350 million yen |
| Medium-term management plan targets | Targeting a total payout ratio of 75%–100% during the period of the new Medium-Term Management Plan 2026-2030 |
| Financial targets | DOE Value 2.2 % / Category Forecast |
| Annual Dividend | Annual dividend per share 13 yen / Interim Dividend 3 yen / Year-end dividend 10 yen |
| Acquisition of treasury shares | Policy of conducting share repurchases flexibly at appropriate times. However, the repurchase limit, number of shares and period are not disclosed |
| New initiatives | The FPSC business will launch a portable small freezer box operating at -86°C in November, Strengthening sales to pharmaceutical companies and research institutions in Japan, Developing sales channels and establishing a distributor network in Europe, South Korea, India and Indonesia, Accelerating the development of the ultra-low-temperature solutions business for the pharmaceutical and biotechnology sectors |
Items this document does not state (12)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital 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 planned shift toward highly profitable B2B businesses, including small refrigerators for hospitals and metal flooring for semiconductor manufacturing equipment makers, progressed as planned. Other factors cited were higher revenue from the development of new sales channels, a shift toward more profitable sales channels and products, fewer discounts as inventory adjustments progressed, reduced losses through the sale of inventory previously subject to valuation losses, and control of fixed costs.
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.