Komori
Earnings presentation materials6908IRISO ELECTRONICS CO.,LTD.Electric Appliances & Precision Instruments

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

For the six months ended September 2025, revenue and operating profit reached record highs and increased year on year, while ordinary profit and net income declined due to valuation losses on derivatives and other factors. The full-year forecast was revised by leaving revenue unchanged, raising operating profit and ordinary profit, and lowering net income; the company also resolved to repurchase treasury shares.

Worth reading
72In focus
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
514
¥ million (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation materialsSecond quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥34,568 million+11.6%
Operating profit¥3,196 million+19.2%
Ordinary income¥2,408 million-17.5%
Net income¥591 million-71.5%
Operating profit margin9.2 %
Selling, general and administrative expenses¥6,265 million
Results for the three months of the current quarterRevenue: ¥17,561 million; operating profit: ¥1,547 million; operating margin: 8.8% (standalone second quarter of fiscal 2026)
Full-year earnings forecast
Net Sales
¥67,000 million
Operating profit
¥4,400 million
Ordinary income
¥3,200 million
Net income for the current fiscal year
¥800 million
EPS
¥37.69
Capital Expenditure
¥7,100 million
Depreciation
¥6,400 million
Annual Dividend
¥100
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 Sales51.6%
Operating profit72.6%
Ordinary income75.3%
Net income for the current fiscal year74.0%
Capital Expenditure47.4%
Depreciation55.5%
Mobility50.2%
Infotainment48.7%
Sensors48.8%
Powertrain50.5%
Other (Mobility)55.0%
Industrial59.0%
Consumer60.0%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Change in net sales¥420 million
  • Foreign exchange impact¥470 million
  • Raw Material Costs¥-1,050 million
  • Cost reductions, etc.¥1,515 million
  • Personnel expenses¥-450 million
  • Depreciation and amortization¥-60 million
  • Manufacturing expenses and other expenses¥-330 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
U.S. dollar exchange rate
Previous forecast¥155
Revised forecast¥157.7
Euro exchange rate
Previous forecast¥180
Revised forecast¥182.37
Original exchange rate
Previous forecast¥22
Revised forecast¥22.84
New initiatives
  • 5 recurrence prevention measures in response to the findings of the Third-Party Committee
  • Expanding next-generation high-speed products for integrated automotive ECUs
  • Developing new applications for AI servers and proposing connectivity solutions
  • Expanding adoption of B2B connectors for humanoid robots and physical AI applications
  • Treasury share repurchase (1 million shares; ¥3 billion maximum)
  • Preparations to establish a Governance Promotion Department
  • Establishment of new meetings for overseas locations
  • Expansion of testing equipment and testing space
Key KPIsA metric the company considers important as a management benchmark.
  • EPS¥27.73
    Year on year against the same period last year-69.5%
  • EBITDA¥6,750 million
    Year on year against the same period last year+14.4%
  • Equity ratio75.4 %
    Year-on-year change (points)-3.2
  • Operating cash flow margin12.2 %
    Year-on-year change (points)-4.4
  • Free cash flow¥878 million
    Year on year against the same period last year-1,311.0%
Segment results
  • Mobility
    Net Sales28,628
  • Industrial
    Net Sales3,539
  • Consumer
    Net Sales2,399
Financial targets
The company states that the purpose of the treasury share repurchase is to improve capital and investment efficiency, including ROE and ROIC, but numerical targets are Not disclosed.
Number of employees
Number of Employees2,842 People
Record date31 March 2026
Changes and hiring plans during the period3 people have already been hired in the Quality Assurance Department and 2 in the Accounting Department. A total of 6 additional hires are planned this fiscal year. The domestic factory inspection organization has already been expanded by 2 people, with a further total increase of 8 people planned this fiscal year.
Capital expenditures
3,366 Million yen first-half actual
Annual Dividend
¥100
Payout ratio
265% (fiscal 2026 forecast)
Acquisition of treasury shares
Total number of shares acquired1 million shares (maximum)
Total acquisition amount¥3 billion (maximum)
Acquisition period20 November 2026 to 29 October 2027
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥34,568 million (YoY +11.6%)
Operating profit¥3,196 million (YoY +19.2%)
Ordinary income¥2,408 million (YoY -17.5%)
Net income¥591 million (YoY -71.5%)
Operating profit margin9.2 %
Selling, general and administrative expenses¥6,265 million
Results for the three months of the current quarterRevenue: ¥17,561 million; operating profit: ¥1,547 million; operating margin: 8.8% (standalone second quarter of fiscal 2026)
Full-year earnings forecastNet Sales ¥67,000 million / Operating profit ¥4,400 million / Ordinary income ¥3,200 million / Net income for the current fiscal year ¥800 million / EPS ¥37.69 / Capital Expenditure ¥7,100 million / Depreciation ¥6,400 million / Annual Dividend ¥100
Progress against full-year forecastNet Sales 51.6% / Operating profit 72.6% / Ordinary income 75.3% / Net income for the current fiscal year 74.0% / Capital Expenditure 47.4% / Depreciation 55.5% / Mobility 50.2% / Infotainment 48.7% / Sensors 48.8% / Powertrain 50.5% / Other (Mobility) 55.0% / Industrial 59.0% / Consumer 60.0%
Segment resultsSegment Mobility / Net Sales ¥28,628 million / yoy_pct ¥9.2 million, Segment Industrial / Net Sales ¥3,539 million / yoy_pct ¥50.7 million, Segment Consumer / Net Sales ¥2,399 million / yoy_pct ¥-1 million
Breakdown of Factors Affecting the ChangeFactors Change in net sales / Amount ¥420 million, Factors Foreign exchange impact / Amount ¥470 million, Factors Raw Material Costs / Amount ¥-1,050 million, Factors Cost reductions, etc. / Amount ¥1,515 million, Factors Personnel expenses / Amount ¥-450 million, Factors Depreciation and amortization / Amount ¥-60 million, Factors Manufacturing expenses and other expenses / Amount ¥-330 million
Key KPIsIndicator name EPS / Value ¥27.73 / Year on year against the same period last year ¥-69.54, Indicator name EBITDA / Value ¥6,750 million / Year on year against the same period last year ¥14.4 million, Indicator name Equity ratio / Value 75.4 % / Year-on-year change (points) -3.2 %, Indicator name Operating cash flow margin / Value 12.2 % / Year-on-year change (points) -4.4 %, Indicator name Free cash flow / Value ¥878 million / Year on year against the same period last year ¥-1,311 million
Number of employeesNumber of Employees 2,842 People / Record date 31 March 2026 / Changes and hiring plans during the period 3 people have already been hired in the Quality Assurance Department and 2 in the Accounting Department. A total of 6 additional hires are planned this fiscal year. The domestic factory inspection organization has already been expanded by 2 people, with a further total increase of 8 people planned this fiscal year.
Assumptions Underlying the Business OutlookU.S. dollar exchange rate Previous forecast ¥155 / Revised forecast ¥157.7 / Euro exchange rate Previous forecast ¥180 / Revised forecast ¥182.37 / Original exchange rate Previous forecast ¥22 / Revised forecast ¥22.84
Financial targetsThe company states that the purpose of the treasury share repurchase is to improve capital and investment efficiency, including ROE and ROIC, but numerical targets are Not disclosed.
Annual Dividend¥100
Payout ratio265% (fiscal 2026 forecast)
Acquisition of treasury sharesTotal number of shares acquired 1 million shares (maximum) / Total acquisition amount ¥3 billion (maximum) / Acquisition period 20 November 2026 to 29 October 2027
Capital expenditures3,366 Million yen (first-half actual)
New initiatives5 recurrence prevention measures in response to the findings of the Third-Party Committee, Expanding next-generation high-speed products for integrated automotive ECUs, Developing new applications for AI servers and proposing connectivity solutions, Expanding adoption of B2B connectors for humanoid robots and physical AI applications, Treasury share repurchase (1 million shares; ¥3 billion maximum), Preparations to establish a Governance Promotion Department, Establishment of new meetings for overseas locations, Expansion of testing equipment and testing space
Items this document does not state (9)
Gross Profit MarginSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsOrders 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.

Revenue was supported by the industrial market, the powertrain field of the mobility market and the weaker yen. The increase in revenue and cost reductions outweighed higher raw material prices and increased expenses, including personnel costs, resulting in higher operating profit. Ordinary profit declined because valuation losses on derivatives of ¥820 million, caused by raw material prices falling below transaction prices, reduced earnings.

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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.