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Earnings presentation6952CASIO COMPUTER CO.,LTD.Electric Appliances & Precision Instruments

Earnings Presentation Materials for the Second Quarter of the Fiscal Year Ending March 2027

First-half results showed substantial increases in revenue and profit, and the company revised its full-year plan upward based on its progress. It plans to raise full-year sales by ¥1 billion and operating profit by ¥500 million, and increase the annual dividend to ¥50.

Worth reading
92Important
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
100
¥100 million (amount of upward revision to full-year sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥830 100 million+17.8%
Operating profit¥112 100 million+94.6%
Ordinary income¥110 100 million+73.7%
Net income¥73 100 million+67.5%
Operating profit margin13.5 %
Results for the three months of the current quarter
Net Sales
¥830 100 million
Operating profit
¥112 100 million
Ordinary income
¥110 100 million
Net income
¥73 100 million
Full-year earnings forecast
Net Sales
¥3,100 100 million
Operating profit
¥390 100 million
Ordinary income
¥395 100 million
Net income
¥270 100 million
Earnings per share
122.36 yen
Annual Dividend
50 yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Refund of U.S. tariffs
¥28 100 million
DetailsBoost to operating profit (¥2.1 billion in the first quarter and ¥700 million in the second quarter)
U.S. Tariff Refunds by Business Segment
Watches
¥19 100 million
EdTech
¥4 100 million
Sound
¥5 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
US dollar
155 yen
Euro
176 yen
Renminbi
23 yen
Foreign-exchange sensitivity
US dollar
Net Sales¥1 billion (for a ¥1 change)
Operating profit-¥50 million (for a ¥1 change)
Euro
Net Sales¥300 million (for a ¥1 change)
Operating profit¥200 million (for a ¥1 change)
Renminbi
Net Sales¥100 million (for a ¥0.1 change)
Operating profit¥50 million (for a ¥0.1 change)
New initiatives
  • Upward revision to the full-year earnings plan
  • ¥5 increase in the annual dividend, to a planned ¥50
  • AI feedback feature scheduled to launch in January 2027
  • Launch of the Light Navigation Keyboard “LK-550WE/LK-550BK”
  • New colors and overseas rollout for the AI pet robot Moflin
  • Expansion into the new earU business area
  • ¥30 billion in strategic investment and ¥20 billion in next-generation environmental investment over 3 years
Key KPIsA metric the company considers important as a management benchmark.
  • Number of G-SHOCK units sold (including BABY-G)175 10,000 units0.0%
  • Watch business sales on a local-currency basis (second quarter)16 % increase
  • Watch business sales on a local-currency basis (first half)17 % increase
Segment results
Watches
Net Sales
¥568 100 million+23.1%
Operating profit
¥114 100 million+73.9%
Consumer
Net Sales
¥236 100 million+6.1%
Operating profit
¥22 100 million+53.5%
Other
Net Sales
¥25 100 million+26.0%
Operating profit
¥-2 100 million
Adjustments
Operating profit
¥-22 100 million
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2029
ROEOver 10%
ROICApproximately 9%
Cash and cash equivalents¥100 billion level
Equity ratio60～65％
DOEApproximately 5%
Payout ratioApproximately 60%
Total payout ratioApproximately 100%
Financial targets
ROE
Actual results8.0％
TargetOver 10%
ROIC
Actual results5.9％
TargetApproximately 9%
Equity ratio
Actual results67％
Target60～65％
DOE
Actual results4.5％
TargetApproximately 5%
Payout ratio
Actual results56.2％
TargetApproximately 60%
Total payout ratio
Actual results83.3％
TargetApproximately 100%
Debt-to-equity ratio
Actual results0.18
Capital expenditures
¥450 100 million ¥20 billion in next-generation environmental investments plus ¥25 billion in ordinary capital expenditures, over three years
Annual Dividend
Annual
50 yen
Dividend increase
5 Yen year on year
Acquisition of treasury shares
¥10 billion plus (three-year capital allocation policy)
Period3 years
DetailsFlexible Share Repurchases
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥830 100 million (YoY +17.8%)
Operating profit¥112 100 million (YoY +94.6%)
Ordinary income¥110 100 million (YoY +73.7%)
Net income¥73 100 million (YoY +67.5%)
Operating profit margin13.5 %
Results for the three months of the current quarterNet Sales ¥830 100 million / Operating profit ¥112 100 million / Ordinary income ¥110 100 million / Net income ¥73 100 million
Full-year earnings forecastNet Sales ¥3,100 100 million / Operating profit ¥390 100 million / Ordinary income ¥395 100 million / Net income ¥270 100 million / Earnings per share 122.36 yen / Annual Dividend 50 yen
Segment resultsWatches Net Sales ¥568 100 million (YoY +23.1%) / Operating profit ¥114 100 million (YoY +73.9%) / Consumer Net Sales ¥236 100 million (YoY +6.1%) / Operating profit ¥22 100 million (YoY +53.5%) / Other Net Sales ¥25 100 million (YoY +26.0%) / Operating profit ¥-2 100 million / Adjustments Operating profit ¥-22 100 million
Breakdown of Factors Affecting the ChangeRefund of U.S. tariffs ¥28 100 million / U.S. Tariff Refunds by Business Segment Watches ¥19 100 million / EdTech ¥4 100 million / Sound ¥5 100 million
Key KPIsNumber of G-SHOCK units sold (including BABY-G) 175 10,000 units (YoY 0.0%), Watch business sales on a local-currency basis (second quarter) 16 % increase, Watch business sales on a local-currency basis (first half) 17 % increase
Assumptions Underlying the Business OutlookUS dollar 155 yen / Euro 176 yen / Renminbi 23 yen / Foreign-exchange sensitivity US dollar Net Sales ¥1 billion (for a ¥1 change) / Operating profit -¥50 million (for a ¥1 change) / Euro Net Sales ¥300 million (for a ¥1 change) / Operating profit ¥200 million (for a ¥1 change) / Renminbi Net Sales ¥100 million (for a ¥0.1 change) / Operating profit ¥50 million (for a ¥0.1 change)
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2029 / ROE Over 10% / ROIC Approximately 9% / Cash and cash equivalents ¥100 billion level / Equity ratio 60～65％ / DOE Approximately 5% / Payout ratio Approximately 60% / Total payout ratio Approximately 100%
Financial targetsROE Actual results 8.0％ / Target Over 10% / ROIC Actual results 5.9％ / Target Approximately 9% / Equity ratio Actual results 67％ / Target 60～65％ / DOE Actual results 4.5％ / Target Approximately 5% / Payout ratio Actual results 56.2％ / Target Approximately 60% / Total payout ratio Actual results 83.3％ / Target Approximately 100% / Debt-to-equity ratio Actual results 0.18
Annual DividendAnnual 50 yen / Dividend increase 5 Yen (year on year) / Interim Not disclosed / End of period Not disclosed
Acquisition of treasury sharesAmount ¥10 billion plus (three-year capital allocation policy) / Period 3 years / Details Flexible Share Repurchases
Capital expenditures¥450 100 million (¥20 billion in next-generation environmental investments plus ¥25 billion in ordinary capital expenditures, over three years)
New initiativesUpward revision to the full-year earnings plan, ¥5 increase in the annual dividend, to a planned ¥50, AI feedback feature scheduled to launch in January 2027, Launch of the Light Navigation Keyboard “LK-550WE/LK-550BK”, New colors and overseas rollout for the AI pet robot Moflin, Expansion into the new earU business area, ¥30 billion in strategic investment and ¥20 billion in next-generation environmental investment over 3 years
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioOrders 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.

In the watch business, the two-pronged strategy centered on G-SHOCK and CASIO WATCH, growth in North America and other regions, and the acquisition of new users contributed to higher revenue and profit. EdTech exceeded its plan on demand for scientific calculators in some regions and orders brought forward. In addition, the US tariff refund boosted operating profit by ¥2.8 billion.

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