Worth reading
51Recurring
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
1472
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales56,045 million yen+18.7%
Operating profit1,920 million yen+328.5%
Ordinary income1,020 million yen-6.6%
Net income¥470 million -68.5%net income attributable to owners of the parent
Operating profit margin
Rate3.4
Year-on-year change (points)2.5
Full-year earnings forecast
Net Sales
110,000 million yen
Operating profit
5,000 million yen
Ordinary income
4,700 million yen
Net income attributable to owners of the parent
3,000 million yen
Annual Dividend
28 yen
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
Operating profit38
Ordinary income22
Net income for the current fiscal year16
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The full-year outlook is at a level that can be achieved comfortablyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
First-half operating profit variance analysis
Profit increase from higher sales (excluding Thailand)7.8
Impact of foreign-exchange movements-7.5
Thai profit improvement25
Depreciation expense for the new Thai plant-10.5
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rate (full-year forecast)USD 1 = ¥158.00
Average exchange rates (first-half actuals)USD 1 = ¥158.61
New initiatives
- Expanding sales of products for ADAS and integrated ECUs
- Improving yield through enhanced automation and maintenance at the Thailand plant
- Improving production efficiency by strengthening production planning
- Expansion into new fields, including industrial equipment and AI robotics, next-generation mobility and aerospace, semiconductor-related equipment, medical applications and communications, leveraging the quality and technology developed in the automotive field
Key KPIsA metric the company considers important as a management benchmark.
- Thailand plant utilization rate (April-June)105 % versus previous fiscal year-end
- Thailand plant utilization rate (July-September)228 % versus previous fiscal year-end
- Thailand plant yield improvement7 pt improvement
- Sales mix by automotive application and automotive board type (powertrain)397 Hundreds of millions of yen
- Sales mix by automotive application and automotive board type (driving safety)335 Hundreds of millions of yen
Medium-term management plan targets
FY ending March 2029 target (FY2028)Targets for new fields and specific figures are shown in the charts, but the correspondence between the item names and figures is not fully stated
FY ending March 2031 target (FY2030)More than twice the target for the fiscal year ending March 2029
Annual Dividend
Annual dividend amount28 yen
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | 56,045 million yen (YoY +18.7%) |
| Operating profit | 1,920 million yen (YoY +328.5%) |
| Ordinary income | 1,020 million yen (YoY -6.6%) |
| Net income | ¥470 million (net income attributable to owners of the parent) (YoY -68.5%) |
| Operating profit margin | Rate 3.4 / Year-on-year change (points) 2.5 |
| Full-year earnings forecast | Net Sales 110,000 million yen / Operating profit 5,000 million yen / Ordinary income 4,700 million yen / Net income attributable to owners of the parent 3,000 million yen / Annual Dividend 28 yen |
| Progress against full-year forecast | Net Sales 51 / Operating profit 38 / Ordinary income 22 / Net income for the current fiscal year 16 |
| Self-assessment against the plan | The full-year outlook is at a level that can be achieved comfortably |
| Breakdown of Factors Affecting the Change | First-half operating profit variance analysis Profit increase from higher sales (excluding Thailand) 7.8 / Impact of foreign-exchange movements -7.5 / Thai profit improvement 25 / Depreciation expense for the new Thai plant -10.5 |
| Key KPIs | Indicator name Thailand plant utilization rate (April-June) / Value 105 % versus previous fiscal year-end / Year on year against the same period last year Not disclosed, Indicator name Thailand plant utilization rate (July-September) / Value 228 % versus previous fiscal year-end / Year on year against the same period last year Not disclosed, Indicator name Thailand plant yield improvement / Value 7 pt improvement / Year on year against the same period last year Not disclosed, Indicator name Sales mix by automotive application and automotive board type (powertrain) / Value 397 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Sales mix by automotive application and automotive board type (driving safety) / Value 335 Hundreds of millions of yen / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Average exchange rate (full-year forecast) USD 1 = ¥158.00 / Average exchange rates (first-half actuals) USD 1 = ¥158.61 |
| Medium-term management plan targets | FY ending March 2029 target (FY2028) Targets for new fields and specific figures are shown in the charts, but the correspondence between the item names and figures is not fully stated / FY ending March 2031 target (FY2030) More than twice the target for the fiscal year ending March 2029 |
| Annual Dividend | Annual dividend amount 28 yen / Interim and Year-End Breakdown Not disclosed |
| New initiatives | Expanding sales of products for ADAS and integrated ECUs, Improving yield through enhanced automation and maintenance at the Thailand plant, Improving production efficiency by strengthening production planning, Expansion into new fields, including industrial equipment and AI robotics, next-generation mobility and aerospace, semiconductor-related equipment, medical applications and communications, leveraging the quality and technology developed in the automotive field |
Items this document does not state (15)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital 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 because sales to major Japanese customers remained strong and sales of integrated ECUs and ADAS-related products increased. In addition to higher revenue, operating profit benefited from higher utilization, improved yield and improved production efficiency at the Thailand plant. Ordinary profit was affected by the baht's appreciation against the yen and the yen's weakening trend against the U.S. dollar and euro. Net income was affected by the absence of the special gain and gain on sales of investment securities recorded in the previous year.
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.
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