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Earnings presentation6952CASIO COMPUTER CO.,LTD.Electrical Equipment and Precision Instruments

Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027

In the first quarter of the fiscal year ending March 2027, revenue and profit increased, driven by growth in the watch business and other areas, and operating profit and other metrics reached record highs for a first quarter. In response, the company raised its first-half and full-year forecasts, incorporating expected U.S. tariff refunds.

Worth reading
71In 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
80
¥100 million (amount of the upward revision to the full-year operating profit forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFirst 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¥745 million+119.8%
Operating profit¥128 million+343.5%
Ordinary income¥134 million+306.7%
Net income¥94 million+252.0%
Operating profit margin17.2%, up 11.2 percentage points from 6.0% in the same period of the previous year
Results for the three months of the current quarter
Consolidated
Net Sales
¥745 million
Operating profit
¥128 million
Ordinary income
¥134 million
Profit attributable to owners of the parent
¥94 million
Watch
Net Sales
¥510 million
Operating profit
¥118 million
Consumer
Net Sales
¥213 million
Operating profit
¥34 million
Other
Net Sales
¥22 million
Operating profit
¥-3 million
Full-year earnings forecast
Net Sales
¥3,000 million
Operating profit
¥340 million
Ordinary income
¥340 million
Profit attributable to owners of the parent
¥235 million
Earnings per share
¥106.5
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Upward revision to the first-half and full-year plans
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Stronger-than-expected performance in the watch business (revenue)+¥5.0 billion
  • Stronger-than-expected performance in the watch business (operating profit)Approximately +¥5 billion
  • U.S. tariff refunds (operating profit)+¥3 billion (first quarter: +¥2.1 billion; second quarter: +¥0.9 billion)
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Assumed U.S. dollar exchange rate¥155
  • Assumed euro exchange rate¥180
  • Assumed Chinese yuan exchange rate¥22.5
New initiatives
  • Advancement of the two-pronged strategy centered on G-SHOCK and CASIO WATCH
  • Global campaign featuring G-SHOCK global ambassadors XG and Horigome Yuto (堀米雄斗)
  • CASIO WATCH global campaign, “Future Classic 3.0”
  • Expansion of Moflin in China and addition of color variations
  • Launch of hearing-assistance earbuds under the new earU brand
  • Launch of the SXC-1 portable standalone sampler from the sound creation business
  • Offering G-SHOCK brand experiences through Roblox
Key KPIsA metric the company considers important as a management benchmark.
  • G-SHOCK ratio (including BABY-G)Approximately 42%
  • G-SHOCK unit sales (including BABY-G)165 10,000 units
    Year on year against the same period last yearUp from approximately 1.55 million units in the same period of the previous year
  • Watch business revenue on a local-currency basis+18%
    Year on year against the same period last year+18%
  • Domestic revenue+17%
    Year on year against the same period last year+17%
  • North American net sales+22%
    Year on year against the same period last year+22%
  • European net sales+24%
    Year on year against the same period last year+24%
  • China revenue+6%
    Year on year against the same period last year+6%
  • Revenue in other regions+17%
    Year on year against the same period last year+17%
Segment results
Watch
Net Sales
¥510 million+129.0%
Operating profit
¥118 million+277.3%
Operating profit margin23.1%
Consumer
Net Sales
¥213 million+106.0%
Operating profit
¥34 million+289.2%
Operating profit margin15.9%
Other
Net Sales
¥22 million+85.8%
Operating profit
¥-3 million
Adjustments
Operating profit
¥-21 million
Medium-term management plan targets
ROEFiscal year ending March 2029: above 10%
ROICFiscal year ending March 2029: approximately 9%
Cash and cash equivalentsFiscal year ending March 2029: approximately ¥100 billion
Equity ratioThree-year average under the medium-term plan: 60–65%
DOEThree-year average under the medium-term plan: approximately 5%
Payout ratioThree-year average under the medium-term plan: approximately 60%
Total payout ratioThree-year average under the medium-term plan: approximately 100%
Financial targets
ROE
Actual results for the fiscal year ending March 20268.0%
Target for the fiscal year ending March 2029More than 10%
ROIC
Actual results for the fiscal year ending March 20265.9%
Target for the fiscal year ending March 2029Approximately 9%
Equity ratio
Actual results for the fiscal year ending March 202667%
Target for the fiscal year ending March 202960～65%
Debt-to-equity ratio
Actual as of the end of June in the fiscal year ending March 20270.18
Capital expenditures
¥450 100 million ¥20 billion in next-generation environmental investments plus ¥25 billion in ordinary capital expenditures, over three years
Payout ratio
Approximately 60% (three-year average target under the medium-term plan); 56.2% in the fiscal year ended March 2026
Acquisition of treasury shares
Acquisition amount¥10 billion
Period15 May–27 July
Going forwardConsider implementing purchases flexibly
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥745 million (YoY +119.8%)
Operating profit¥128 million (YoY +343.5%)
Ordinary income¥134 million (YoY +306.7%)
Net income¥94 million (YoY +252.0%)
Operating profit margin17.2%, up 11.2 percentage points from 6.0% in the same period of the previous year
Results for the three months of the current quarterConsolidated Net Sales ¥745 million / Operating profit ¥128 million / Ordinary income ¥134 million / Profit attributable to owners of the parent ¥94 million / Watch Net Sales ¥510 million / Operating profit ¥118 million / Consumer Net Sales ¥213 million / Operating profit ¥34 million / Other Net Sales ¥22 million / Operating profit ¥-3 million
Full-year earnings forecastNet Sales ¥3,000 million / Operating profit ¥340 million / Ordinary income ¥340 million / Profit attributable to owners of the parent ¥235 million / Earnings per share ¥106.5
Self-assessment against the planUpward revision to the first-half and full-year plans
Segment resultsWatch Net Sales ¥510 million (YoY +129.0%) / Operating profit ¥118 million (YoY +277.3%) / Operating profit margin 23.1% / Consumer Net Sales ¥213 million (YoY +106.0%) / Operating profit ¥34 million (YoY +289.2%) / Operating profit margin 15.9% / Other Net Sales ¥22 million (YoY +85.8%) / Operating profit ¥-3 million / Adjustments Operating profit ¥-21 million
Breakdown of Factors Affecting the ChangeFactors Stronger-than-expected performance in the watch business (revenue) / Amount +¥5.0 billion, Factors Stronger-than-expected performance in the watch business (operating profit) / Amount Approximately +¥5 billion, Factors U.S. tariff refunds (operating profit) / Amount +¥3 billion (first quarter: +¥2.1 billion; second quarter: +¥0.9 billion)
Key KPIsIndicator name G-SHOCK ratio (including BABY-G) / Value Approximately 42% / Year on year against the same period last year Not disclosed, Indicator name G-SHOCK unit sales (including BABY-G) / Value 165 10,000 units / Year on year against the same period last year Up from approximately 1.55 million units in the same period of the previous year, Indicator name Watch business revenue on a local-currency basis / Value +18% / Year on year against the same period last year +18%, Indicator name Domestic revenue / Value +17% / Year on year against the same period last year +17%, Indicator name North American net sales / Value +22% / Year on year against the same period last year +22%, Indicator name European net sales / Value +24% / Year on year against the same period last year +24%, Indicator name China revenue / Value +6% / Year on year against the same period last year +6%, Indicator name Revenue in other regions / Value +17% / Year on year against the same period last year +17%
Assumptions Underlying the Business OutlookItem Assumed U.S. dollar exchange rate / Value ¥155, Item Assumed euro exchange rate / Value ¥180, Item Assumed Chinese yuan exchange rate / Value ¥22.5
Medium-term management plan targetsROE Fiscal year ending March 2029: above 10% / ROIC Fiscal year ending March 2029: approximately 9% / Cash and cash equivalents Fiscal year ending March 2029: approximately ¥100 billion / Equity ratio Three-year average under the medium-term plan: 60–65% / DOE Three-year average under the medium-term plan: approximately 5% / Payout ratio Three-year average under the medium-term plan: approximately 60% / Total payout ratio Three-year average under the medium-term plan: approximately 100%
Financial targetsROE Actual results for the fiscal year ending March 2026 8.0% / Target for the fiscal year ending March 2029 More than 10% / ROIC Actual results for the fiscal year ending March 2026 5.9% / Target for the fiscal year ending March 2029 Approximately 9% / Equity ratio Actual results for the fiscal year ending March 2026 67% / Target for the fiscal year ending March 2029 60～65% / Debt-to-equity ratio Actual as of the end of June in the fiscal year ending March 2027 0.18
Payout ratioApproximately 60% (three-year average target under the medium-term plan); 56.2% in the fiscal year ended March 2026
Acquisition of treasury sharesAcquisition amount ¥10 billion / Period 15 May–27 July / Going forward Consider implementing purchases flexibly
Capital expenditures¥450 100 million (¥20 billion in next-generation environmental investments plus ¥25 billion in ordinary capital expenditures, over three years)
New initiativesAdvancement of the two-pronged strategy centered on G-SHOCK and CASIO WATCH, Global campaign featuring G-SHOCK global ambassadors XG and Horigome Yuto (堀米雄斗), CASIO WATCH global campaign, “Future Classic 3.0”, Expansion of Moflin in China and addition of color variations, Launch of hearing-assistance earbuds under the new earU brand, Launch of the SXC-1 portable standalone sampler from the sound creation business, Offering G-SHOCK brand experiences through Roblox
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendOrders 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 upward revision reflects stronger-than-expected performance in the watch business and expected U.S. tariff refunds. The company also explained that, in the watch business during the first quarter, its two-pronged strategy centered on G-SHOCK and CASIO WATCH proved effective, with both brands performing well globally.

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.
Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027 | CASIO COMPUTER CO.,LTD. (6952) timely disclosure | Komori