Worth reading
63In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
400
¥ million (amount of the upward revision to the full-year operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,723 million+22.1%
Operating profit¥715 million+129.9%
Ordinary income¥706 million+109.7%
Net income¥514 million+95.5%
Gross Profit Margin16.1%
Operating profit margin8.2%
Selling, general and administrative expenses¥688 million
Results for the three months of the current quarter
Net Sales
¥8,723 million
Gross profit
¥1,404 million
Selling, general and administrative expenses
¥688 million
Operating profit
¥715 million
Ordinary income
¥706 million
Quarterly net income
¥514 million
Full-year earnings forecast
Net Sales
¥34,000 million
Gross profit
¥5,200 million
Selling, general and administrative expenses
¥2,800 million
Operating profit
¥2,400 million
Ordinary income
¥2,400 million
Net income for the current fiscal year
¥1,750 million
Earnings per share
¥265.1
Dividend
¥80
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Key initiatives are progressing broadly in line with the initial plan. The Company aims to achieve the operating profit target in its medium-term management plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue increase/decrease impact¥282 million
- Value-added ratio (in-house plating and increase in high-end products)¥370 million
- Fixed Costs¥-189 million
- Change in SG&A expenses¥-59 million
- Non-Operating Income¥-10 million
- Non-operating expenses¥-24 million
New initiatives
- Decision to repurchase own shares
- Launch of mass production of LED lead frames for automotive applications
- Start of shipments of connector components for new smartphone models
- Integrated production system and capture of added value through in-house plating
Key KPIsA metric the company considers important as a management benchmark.
- ROE7.3 %
- DOE2.6 %
- Sales mix of mass-produced products by automotive application40.7 %Year-on-year change (points)-1.3
- Sales mix of mass-produced products by smartphone application25.2 %Year-on-year change (points)1.6
- Sales mix of mass-produced products by wearable-device application4.2 %Year-on-year change (points)-1.5
- Sales mix of mass-produced products by consumer, industrial equipment and other applications29.9 %Year-on-year change (points)1.2
Segment results
By product group
Lead frames for power semiconductors
Net Sales¥2,585 million
Year-on-year (%)¥-1.1 million
Lead frames for optoelectronic applications
Net Sales¥1,746 million
Year-on-year (%)¥57.6 million
Connector Components
Net Sales¥4,241 million
Year-on-year (%)¥29.9 million
Other
Net Sales¥149 million
Year-on-year (%)¥-5.9 million
Medium-term management plan targets
Final year of 2nd STEP
Net Sales
¥34,000 million
Operating profit
¥2,400 million
ROE
7.3 %
Initial target
Net Sales
¥30,000 million
Operating profit
¥2,400 million
ROE
9 %
Financial targets
ROE
Latest forecast7.3 %
Initial target9 %
Annual Dividend
¥80
Acquisition of treasury shares
Total number acquired500,000 shares (maximum)
Acquisition price¥1.6 billion (maximum)
Period12 August 2026 to 31 May 2027
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥8,723 million (YoY +22.1%) |
| Operating profit | ¥715 million (YoY +129.9%) |
| Ordinary income | ¥706 million (YoY +109.7%) |
| Net income | ¥514 million (YoY +95.5%) |
| Gross Profit Margin | 16.1% |
| Operating profit margin | 8.2% |
| Selling, general and administrative expenses | ¥688 million |
| Results for the three months of the current quarter | Net Sales ¥8,723 million / Gross profit ¥1,404 million / Selling, general and administrative expenses ¥688 million / Operating profit ¥715 million / Ordinary income ¥706 million / Quarterly net income ¥514 million |
| Full-year earnings forecast | Net Sales ¥34,000 million / Gross profit ¥5,200 million / Selling, general and administrative expenses ¥2,800 million / Operating profit ¥2,400 million / Ordinary income ¥2,400 million / Net income for the current fiscal year ¥1,750 million / Earnings per share ¥265.1 / Dividend ¥80 |
| Self-assessment against the plan | Key initiatives are progressing broadly in line with the initial plan. The Company aims to achieve the operating profit target in its medium-term management plan. |
| Segment results | By product group Lead frames for power semiconductors Net Sales ¥2,585 million / Year-on-year (%) ¥-1.1 million / Lead frames for optoelectronic applications Net Sales ¥1,746 million / Year-on-year (%) ¥57.6 million / Connector Components Net Sales ¥4,241 million / Year-on-year (%) ¥29.9 million / Other Net Sales ¥149 million / Year-on-year (%) ¥-5.9 million |
| Breakdown of Factors Affecting the Change | Factors Revenue increase/decrease impact / Amount ¥282 million, Factors Value-added ratio (in-house plating and increase in high-end products) / Amount ¥370 million, Factors Fixed Costs / Amount ¥-189 million, Factors Change in SG&A expenses / Amount ¥-59 million, Factors Non-Operating Income / Amount ¥-10 million, Factors Non-operating expenses / Amount ¥-24 million |
| Key KPIs | Indicator name ROE / Value 7.3 % / Year on year against the same period last year Not disclosed, Indicator name DOE / Value 2.6 % / Year on year against the same period last year Not disclosed, Indicator name Sales mix of mass-produced products by automotive application / Value 40.7 % / Year-on-year change (points) -1.3 %, Indicator name Sales mix of mass-produced products by smartphone application / Value 25.2 % / Year-on-year change (points) 1.6 %, Indicator name Sales mix of mass-produced products by wearable-device application / Value 4.2 % / Year-on-year change (points) -1.5 %, Indicator name Sales mix of mass-produced products by consumer, industrial equipment and other applications / Value 29.9 % / Year-on-year change (points) 1.2 % |
| Medium-term management plan targets | Final year of 2nd STEP Net Sales ¥34,000 million / Operating profit ¥2,400 million / ROE 7.3 % / Initial target Net Sales ¥30,000 million / Operating profit ¥2,400 million / ROE 9 % |
| Financial targets | ROE Latest forecast 7.3 % / Initial target 9 % |
| Annual Dividend | ¥80 |
| Acquisition of treasury shares | Total number acquired 500,000 shares (maximum) / Acquisition price ¥1.6 billion (maximum) / Period 12 August 2026 to 31 May 2027 |
| New initiatives | Decision to repurchase own shares, Launch of mass production of LED lead frames for automotive applications, Start of shipments of connector components for new smartphone models, Integrated production system and capture of added value through in-house plating |
Items this document does not state (11)
Progress against full-year forecastUnit price and quantity metricsNumber 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.Revenue increased, mainly due to higher sales of optoelectronic lead frames for high-end LEDs and connector components for smartphones. Profitability also improved as a result of higher factory utilization, an improved product mix, the capture of added value through in-house plating, and process improvements. The upward revision to the full-year forecasts reflects expected contributions from demand for power semiconductor products for servers, high-end optoelectronic products, and connector components for smartphones.
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.