Worth reading
58In 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
21000
¥ million (amount of upward revision to the full-year revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending January 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥61,886 million+13.2%
Operating profit¥4,433 million+27.8%
Ordinary income¥5,891 million+297.9%
Net income¥4,584 million+373.2%
Operating profit margin7.2%, up 0.8 percentage points year on year
Results for the three months of the current quarterRevenue of ¥61.9 billion, operating income of ¥4.4 billion, an operating margin of 7.2%, and an EBITDA margin of 12.7%
Full-year earnings forecast
Net Sales
¥254,000 million
Operating profit
¥14,500 million
Ordinary income
¥14,500 million
Net income for the current fiscal year
¥10,000 million
Capital Expenditure
¥41,000 million
Depreciation and amortization
¥16,500 million
EBITDA
¥31,000 million
Annual Dividend
¥19
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Expected to exceed the initial forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year revenueElectrical components (motor cores) +¥5,302 million, electronic components (lead frames) +¥3,762 million, molds and machine tools +¥493 million, eliminations or corporate -¥508 million, electrical components—standard price impact -¥1,840 million
Year-on-year operating profitForeign exchange impact +¥210 million, electrical components (motor cores) +¥607 million, electronic components (lead frames) +¥608 million, molds and machine tools -¥27 million, eliminations or corporate -¥435 million
Factors driving changes in full-year electrical components operating income forecastExternal factors (standard price and foreign exchange impacts) +¥800 million, internal factors (volume and product mix impacts) +¥10.2 billion, while higher material and energy prices are factors reducing earnings
Factors driving changes in full-year electronic components operating income forecastHigher sales and foreign exchange impacts are factors increasing earnings, while higher material and energy prices resulting from the deteriorating situation in the Middle East and delays in passing on higher precious-metal prices are factors reducing earnings
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The assumed average exchange rate during the period is ¥153.00 per US dollar. The second-half forecast incorporates higher material and energy prices, the situation in the Middle East, and the impact of yen appreciation, while specific assumptions for prices are not disclosedNew initiatives
Additional measures to strengthen global management controls and upfront investment in the electrical components businessKey KPIsA metric the company considers important as a management benchmark.
- HEV motor cores as a percentage of motor core revenue84 %
- HEV motor core sales volume growth rate13 %
- Average exchange rate for electrical components (US dollar)¥157.71Year on year against the same period last year¥9.12 weaker yen year on year
- Automotive electronic components as a percentage of electronic component revenue37 %
- Consumer electronic component revenue growth rate36 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Electrical component sales volume growth rate (HEV applications +13%, up 15% from the immediately preceding quarter), electronic component revenue growth rates by application, and the volume and product mix impacts incorporated into the full-year forecast are presentedSegment results
Electrical components (motor cores)
Net Sales
¥43,114 million+8.7%
Operating profit
¥3,564 million+22.0%
Electronic components (lead frames)
Net Sales
¥17,912 million+26.6%
Operating profit
¥1,670 million+86.5%
Molds and machine tools
Net Sales
¥3,067 million+19.2%
Operating profit
¥7 million-70.5%
Eliminations or corporate
Net Sales
¥-2,208 million
Operating profit
¥-809 million
Capital expenditures
¥5,341 million Q1 actual
Annual Dividend
Annual dividend of ¥19 per share (¥6 interim, ¥13 year-end)Payout ratio
DOE of at least 3.0% as a guideline| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending January 2027 |
| Net Sales | ¥61,886 million (YoY +13.2%) |
| Operating profit | ¥4,433 million (YoY +27.8%) |
| Ordinary income | ¥5,891 million (YoY +297.9%) |
| Net income | ¥4,584 million (YoY +373.2%) |
| Operating profit margin | 7.2%, up 0.8 percentage points year on year |
| Results for the three months of the current quarter | Revenue of ¥61.9 billion, operating income of ¥4.4 billion, an operating margin of 7.2%, and an EBITDA margin of 12.7% |
| Full-year earnings forecast | Net Sales ¥254,000 million / Operating profit ¥14,500 million / Ordinary income ¥14,500 million / Net income for the current fiscal year ¥10,000 million / Capital Expenditure ¥41,000 million / Depreciation and amortization ¥16,500 million / EBITDA ¥31,000 million / Annual Dividend ¥19 |
| Self-assessment against the plan | Expected to exceed the initial forecast |
| Segment results | Electrical components (motor cores) Net Sales ¥43,114 million (YoY +8.7%) / Operating profit ¥3,564 million (YoY +22.0%) / Electronic components (lead frames) Net Sales ¥17,912 million (YoY +26.6%) / Operating profit ¥1,670 million (YoY +86.5%) / Molds and machine tools Net Sales ¥3,067 million (YoY +19.2%) / Operating profit ¥7 million (YoY -70.5%) / Eliminations or corporate Net Sales ¥-2,208 million / Operating profit ¥-809 million |
| Breakdown of Factors Affecting the Change | Year-on-year revenue Electrical components (motor cores) +¥5,302 million, electronic components (lead frames) +¥3,762 million, molds and machine tools +¥493 million, eliminations or corporate -¥508 million, electrical components—standard price impact -¥1,840 million / Year-on-year operating profit Foreign exchange impact +¥210 million, electrical components (motor cores) +¥607 million, electronic components (lead frames) +¥608 million, molds and machine tools -¥27 million, eliminations or corporate -¥435 million / Factors driving changes in full-year electrical components operating income forecast External factors (standard price and foreign exchange impacts) +¥800 million, internal factors (volume and product mix impacts) +¥10.2 billion, while higher material and energy prices are factors reducing earnings / Factors driving changes in full-year electronic components operating income forecast Higher sales and foreign exchange impacts are factors increasing earnings, while higher material and energy prices resulting from the deteriorating situation in the Middle East and delays in passing on higher precious-metal prices are factors reducing earnings |
| Key KPIs | HEV motor cores as a percentage of motor core revenue 84 %, HEV motor core sales volume growth rate 13 %, Average exchange rate for electrical components (US dollar) ¥157.71, Automotive electronic components as a percentage of electronic component revenue 37 %, Consumer electronic component revenue growth rate 36 % |
| Unit price and quantity metrics | Electrical component sales volume growth rate (HEV applications +13%, up 15% from the immediately preceding quarter), electronic component revenue growth rates by application, and the volume and product mix impacts incorporated into the full-year forecast are presented |
| Assumptions Underlying the Business Outlook | The assumed average exchange rate during the period is ¥153.00 per US dollar. The second-half forecast incorporates higher material and energy prices, the situation in the Middle East, and the impact of yen appreciation, while specific assumptions for prices are not disclosed |
| Annual Dividend | Annual dividend of ¥19 per share (¥6 interim, ¥13 year-end) |
| Payout ratio | DOE of at least 3.0% as a guideline |
| Capital expenditures | ¥5,341 million (Q1 actual) |
| New initiatives | Additional measures to strengthen global management controls and upfront investment in the electrical components business |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesOrders 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.Sales of electrical components were strong, driven by increased demand centered on HEV applications. Sales of electronic components increased due to factors including customers building up inventories. The weaker yen and the pass-through of higher precious-metal prices into product prices also contributed to higher revenue and earnings. The upward revision to the full-year forecasts primarily reflects higher first-half sales, while the second-half forecasts incorporate higher material and energy prices resulting from the deteriorating situation in the Middle East, upfront investment costs for electrical components, and the impact of yen appreciation.
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.