Briefing on the results for the second quarter of the fiscal year ending February 2027 and on the New Medium-Term Management Plan 2026-2030 | TWINBIRD CORPORATION (6897) timely disclosure

Worth reading

57In focus

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

Financial results 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 Millions of yen+10.1%

Operating profit116 Millions of yen

Ordinary income108 Millions of yen

Net income32 Millions of yen

Gross Profit Margin31.6%

Operating profit margin2.5%

Selling, general and administrative expenses1,363 Millions of yen

Full-year earnings forecast

Net Sales

9,600 Millions of yen

Operating profit

100 Millions of yen

Ordinary income

75 Millions of yen

Net income for the current fiscal year

45 Millions of 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 subject to valuation losses
Control of fixed costs

New initiatives

Launch in November 2026 of the SC-UF25 -86°C portable small freezer box
Building a network of FPSC distributors in Europe, South Korea, India and Indonesia
Transitioning to and expanding the FPSC finished-product business for -80°C applications
Converting the company’s own e-commerce site into a platform and developing a circular e-commerce business, including subscriptions and resale
Establishing a production system to increase output of metal flooring for semiconductor manufacturing equipment manufacturers

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 versus the end of the previous fiscal year
D2C members47 thousand customers
D2C purchasers12 thousand customers
D2C orders13 thousand cases
Average D2C transaction value¥6 thousand

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Number of small hotel refrigerators sold5,000 units/year
SubjectFY2025 actual
D2C purchasers12 thousand customers
D2C orders13 thousand cases
Average D2C transaction value¥6 thousand

Segment results

Home Appliances Business

Net Sales

4,482 Millions of yen+9.5%

Segment profit

463 Millions of yen

FPSC Business

Net Sales

194 Millions of yen+24.2%

Segment profit

53 Millions of yen+294.6%

Medium-term management plan targets

FY2028

Net Sales¥10.5 billion

Operating profit¥600 million

Operating profit margin6%

ROE8% or higher

PBRAt least 1x

FY2030

Net Sales¥11.7 billion

Operating profit¥1.4 billion

Operating profit margin12%

ROE13% or more

PBRAt least 1x

Financial targets

ROEAt least 8% in FY2028 and at least 13% in FY2030

PBRAt least 1x in both FY2028 and FY2030

Inventory turnoverFrom 2.9x in FY2025 to 5.7x in FY2030

Annual Dividend

Annual dividend per share¥13

Interim¥3

End of period¥10

Acquisition of treasury shares

To be implemented flexibly during the period of the New Medium-Term Management Plan. Shareholder returns, including progressive dividends, are expected to total ¥1.2 billion-¥2.0 billion. The number of shares and period covered by the acquisition authorization are Not disclosed

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	Second quarter (interim period) of the fiscal year ending February 2027
Net Sales	4,677 Millions of yen (YoY +10.1%)
Operating profit	116 Millions of yen
Ordinary income	108 Millions of yen
Net income	32 Millions of yen
Gross Profit Margin	31.6%
Operating profit margin	2.5%
Selling, general and administrative expenses	1,363 Millions of yen
Full-year earnings forecast	Net Sales 9,600 Millions of yen / Operating profit 100 Millions of yen / Ordinary income 75 Millions of yen / Net income for the current fiscal year 45 Millions of yen
Segment results	Home Appliances Business Net Sales 4,482 Millions of yen (YoY +9.5%) / Segment profit 463 Millions of yen / FPSC Business Net Sales 194 Millions of yen (YoY +24.2%) / Segment profit 53 Millions of 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 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 versus the end of the previous fiscal year, Indicator name D2C members / Value 47 thousand customers / Year on year against the same period last year Not disclosed, Indicator name D2C purchasers / Value 12 thousand customers / Year on year against the same period last year Not disclosed, Indicator name D2C orders / Value 13 thousand cases / Year on year against the same period last year Not disclosed, Indicator name Average D2C transaction value / Value ¥6 thousand / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	Indicator name Number of small hotel refrigerators sold / Value 5,000 units/year / Subject FY2025 actual, Indicator name D2C purchasers / Value 12 thousand customers, Indicator name D2C orders / Value 13 thousand cases, Indicator name Average D2C transaction value / Value ¥6 thousand
Medium-term management plan targets	FY2028 Net Sales ¥10.5 billion / Operating profit ¥600 million / Operating profit margin 6% / ROE 8% or higher / PBR At least 1x / FY2030 Net Sales ¥11.7 billion / Operating profit ¥1.4 billion / Operating profit margin 12% / ROE 13% or more / PBR At least 1x
Financial targets	ROE At least 8% in FY2028 and at least 13% in FY2030 / PBR At least 1x in both FY2028 and FY2030 / Inventory turnover From 2.9x in FY2025 to 5.7x in FY2030
Annual Dividend	Annual dividend per share ¥13 / Interim ¥3 / End of period ¥10
Acquisition of treasury shares	To be implemented flexibly during the period of the New Medium-Term Management Plan. Shareholder returns, including progressive dividends, are expected to total ¥1.2 billion-¥2.0 billion. The number of shares and period covered by the acquisition authorization are Not disclosed
New initiatives	Launch in November 2026 of the SC-UF25 -86°C portable small freezer box, Building a network of FPSC distributors in Europe, South Korea, India and Indonesia, Transitioning to and expanding the FPSC finished-product business for -80°C applications, Converting the company’s own e-commerce site into a platform and developing a circular e-commerce business, including subscriptions and resale, Establishing a production system to increase output of metal flooring for semiconductor manufacturing equipment manufacturers

Items this document does not state (12)

Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk 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 company explained that factors contributing to higher profit included the development of new sales channels, a shift toward more profitable sales channels and products, growth in B2B projects such as small refrigerators for hospitals and semiconductor-related components, fewer discounts following inventory adjustments, loss reduction through the sale of inventory subject to valuation losses, and fixed-cost controls.

How to read this page

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