Worth reading
58In 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
22
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportInterim period 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 Sales3,030 Hundreds of millions of yen+22.0%
Operating profit184 Hundreds of millions of yen-0.3%
Ordinary income192 Hundreds of millions of yen-12.5%
Net income86 Hundreds of millions of yen-14.8%
Operating profit margin6.1 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress exceeding planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Sales impact from rationalization effects and production innovation+¥8 billion
- Impact on pricing-¥0.0 billion
- Strategic costs−¥5.1 billion
- Higher other expenses-¥6.7 billion
- Foreign Exchange Effects+¥1.7 billion
- One-off impact+¥1.5 billion
- Impact of newly consolidated companies+¥400 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsU.S. dollar exchange rateFiscal year ending March 2027: plan150 JPY/USD
- AssumptionsEuro exchange rateFiscal year ending March 2027: plan180 JPY/EUR
- AssumptionsIndonesian rupiah exchange rateFiscal year ending March 2027: plan0.01 yen/IDR
- AssumptionsVietnamese dong exchange rateFiscal year ending March 2027: plan0.01 yen/VND
- AssumptionsThai baht exchange rateFiscal year ending March 2027: plan¥4.71 /THB
- AssumptionsChinese yuan exchange rateFiscal year ending March 2027: plan22.02 JPY/CNY
New initiatives
- New consolidation of 岩崎電気 and スタンレーモビリティエレクトリック
- Conduct share buybacks continuously and flexibly
Key KPIsA metric the company considers important as a management benchmark.
- Capital expenditures305 Hundreds of millions of yenYear on year against the same period last year+20.2%
- Strategic Investment100 Hundreds of millions of yenYear on year against the same period last year+18.9%
- Depreciation246 Hundreds of millions of yenYear on year against the same period last year+22.2%
- Research and development costs182 Hundreds of millions of yenYear on year against the same period last year+37.9%
- Equity ratio49.3 %Year on year against the same period last year△6.7pt
- Interim net income per share¥70.39Year on year against the same period last year+1.5%
Segment results
Automotive Equipment Business
Net Sales
2,304 Hundreds of millions of yen+7.6%
Operating profit
208 Hundreds of millions of yen+11.1%
Components Business
Net Sales
215 Hundreds of millions of yen+14.3%
Operating profit
20 Hundreds of millions of yen-1.2%
Electronic applied products business
Net Sales
1,024 Hundreds of millions of yen+82.7%
Operating profit
43 Hundreds of millions of yen-8.3%
Other
Net Sales
18 Hundreds of millions of yen
Operating profit
0 Hundreds of millions of yen
Financial targets
Equity ratio
Actual results49.3 %
Capital expenditures
305 Hundreds of millions of yen
Annual Dividend
¥111 per share
Interim55
End of period56
Payout ratio
40% or moreAcquisition of treasury shares
Implemented continuously and flexibly| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Interim period of the fiscal year ending March 2027 |
| Net Sales | 3,030 Hundreds of millions of yen (YoY +22.0%) |
| Operating profit | 184 Hundreds of millions of yen (YoY -0.3%) |
| Ordinary income | 192 Hundreds of millions of yen (YoY -12.5%) |
| Net income | 86 Hundreds of millions of yen (YoY -14.8%) |
| Operating profit margin | 6.1 % |
| Self-assessment against the plan | Progress exceeding plan |
| Segment results | Automotive Equipment Business Net Sales 2,304 Hundreds of millions of yen (YoY +7.6%) / Operating profit 208 Hundreds of millions of yen (YoY +11.1%) / Components Business Net Sales 215 Hundreds of millions of yen (YoY +14.3%) / Operating profit 20 Hundreds of millions of yen (YoY -1.2%) / Electronic applied products business Net Sales 1,024 Hundreds of millions of yen (YoY +82.7%) / Operating profit 43 Hundreds of millions of yen (YoY -8.3%) / Other Net Sales 18 Hundreds of millions of yen / Operating profit 0 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | Factors Sales impact from rationalization effects and production innovation / Amount +¥8 billion, Factors Impact on pricing / Amount -¥0.0 billion, Factors Strategic costs / Amount −¥5.1 billion, Factors Higher other expenses / Amount -¥6.7 billion, Factors Foreign Exchange Effects / Amount +¥1.7 billion, Factors One-off impact / Amount +¥1.5 billion, Factors Impact of newly consolidated companies / Amount +¥400 million |
| Key KPIs | Indicator name Capital expenditures / Value 305 Hundreds of millions of yen / Year on year against the same period last year 20.2 Hundreds of millions of yen, Indicator name Strategic Investment / Value 100 Hundreds of millions of yen / Year on year against the same period last year 18.9 Hundreds of millions of yen, Indicator name Depreciation / Value 246 Hundreds of millions of yen / Year on year against the same period last year 22.2 Hundreds of millions of yen, Indicator name Research and development costs / Value 182 Hundreds of millions of yen / Year on year against the same period last year 37.9 Hundreds of millions of yen, Indicator name Equity ratio / Value 49.3 % / Year on year against the same period last year △6.7pt, Indicator name Interim net income per share / Value ¥70.39 / Year on year against the same period last year ¥1.5 |
| Assumptions Underlying the Business Outlook | Assumptions U.S. dollar exchange rate / Fiscal year ending March 2027: plan 150 JPY/USD, Assumptions Euro exchange rate / Fiscal year ending March 2027: plan 180 JPY/EUR, Assumptions Indonesian rupiah exchange rate / Fiscal year ending March 2027: plan 0.01 yen/IDR, Assumptions Vietnamese dong exchange rate / Fiscal year ending March 2027: plan 0.01 yen/VND, Assumptions Thai baht exchange rate / Fiscal year ending March 2027: plan ¥4.71 /THB, Assumptions Chinese yuan exchange rate / Fiscal year ending March 2027: plan 22.02 JPY/CNY |
| Financial targets | Equity ratio Actual results 49.3 % |
| Annual Dividend | ¥111 per share |
| Payout ratio | 40% or more |
| Acquisition of treasury shares | Implemented continuously and flexibly |
| Capital expenditures | 305 Hundreds of millions of yen |
| New initiatives | New consolidation of 岩崎電気 and スタンレーモビリティエレクトリック, Conduct share buybacks continuously and flexibly |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk 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.The company explained that the increase in net sales was attributable to the consolidation of new entities, solid performance in the Americas and Asia/Oceania (motorcycles), and foreign exchange effects, despite the impact of the challenging business environment in China. For operating profit, it identified profit increases from rationalization effects and production innovation, as well as price effects, strategic expenses, higher other expenses, foreign exchange effects, one-off effects, and the impact of new consolidation as factors behind the change.
How to read this page
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