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Earnings presentation6966Mitsui High-tec,Inc.Electrical Equipment and Precision Instruments

Supplementary Explanatory Materials for the Second Quarter (Interim Period) Financial Results for the Fiscal Year Ending January 2027

For the first half of the fiscal year ending January 2027, revenue and profit increased year on year, driven by higher demand for the company's core electrical and electronic components and the weaker yen. In response to the favorable business environment, the company revised upward its full-year forecasts for revenue, operating profit and net income.

Worth reading
55In 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
22338
million yen
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending January 2027, second quarter (interim period)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales130,672 million yen+20.6%
Operating profit11,818 million yen+86.2%
Ordinary income13,319 million yen+122.8%
Net income9,943 million yen+137.3%
Operating profit margin9
Results for the three months of the current quarter
Standalone Q2 (May–July 2026)
Net Sales
68,785 million yen+28.2%
Operating profit
7,385 million yen+156.6%
Ordinary income
7,428 million yen+65.1%
Quarterly net income
5,359 million yen+66.4%
Operating profit margin
10.7 %
Year-on-year change (points)5.4
Full-year earnings forecast
Net Sales
272,000 million yen
Operating profit
19,500 million yen
Ordinary income
20,000 million yen
Net income for the current fiscal year
14,500 million yen
Capital Expenditure
38,000 million yen
Depreciation and amortization
15,000 million yen
EBITDA
34,500 million yen
Earnings per share
79.34 yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Foreign Exchange Effects6,518 million yen
Pricing impact-3,173 million yen
Electrical components (motor cores)11,767 million yen
Electronic components (lead frames)8,594 million yen
Molds and machine tools1,118 million yen
Eliminations or corporate-1,313 million yen
Operating profit
Foreign Exchange Effects1,101 million yen
Electrical components (motor cores)3,409 million yen
Electronic components (lead frames)1,299 million yen
Molds and machine tools252 million yen
Eliminations or corporate-591 million yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Assumed US dollar exchange rate for the full year158.57 yen
  • Assumed US dollar exchange rate for the second half158 yen
New initiatives
  • Upfront investment in the electrical components business
  • Expansion of production capacity to meet growing demand in the electronic components business
  • Shareholder returns targeting DOE of 3.0% or more
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA18,820 million yen+43.8%
  • EBITDA margin14.4 %
    Year-on-year change (points)2.3
  • Capital Expenditure17,710 million yen+12.8%
  • Depreciation7,002 million yen+3.9%
  • Equity ratio46.6 %
  • Average US dollar exchange rate during the period159.15 yen
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • HEV sales as a percentage of revenue84 %
    SegmentElectrical components (motor cores)
  • Sales volume growth rate16 %
    SegmentElectrical components (motor cores)
  • Automotive sales as a percentage of revenue36 %
    SegmentElectronic components (lead frames)
  • Automotive sales growth rate30 %
    SegmentElectronic components (lead frames)
  • Consumer product sales as a percentage of revenue51 %
    SegmentElectronic components (lead frames)
  • Consumer product sales growth rate46 %
    SegmentElectronic components (lead frames)
Segment results
  • Electrical components (motor cores)
    Net Sales89,889 million yen (YoY +16.1%)
    Operating profit8,992 million yen (YoY +68.9%)
  • Electronic components (lead frames)
    Net Sales38,749 million yen (YoY +34.8%)
    Operating profit3,683 million yen (YoY +133.3%)
  • Molds and machine tools
    Net Sales6,359 million yen (YoY +22.6%)
    Operating profit341 million yen (YoY +562.7%)
  • Eliminations or corporate
    Net Sales-4,325 million yen
    Operating profit-1,199 million yen
Capital expenditures
17,710 million yen
Annual Dividend
¥19 per share
Interim6
End of period13
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending January 2027, second quarter (interim period)
Net Sales130,672 million yen (YoY +20.6%)
Operating profit11,818 million yen (YoY +86.2%)
Ordinary income13,319 million yen (YoY +122.8%)
Net income9,943 million yen (YoY +137.3%)
Operating profit margin9
Results for the three months of the current quarterSubject Standalone Q2 (May–July 2026) / Net Sales 68,785 million yen (YoY +28.2%) / Operating profit 7,385 million yen (YoY +156.6%) / Ordinary income 7,428 million yen (YoY +65.1%) / Quarterly net income 5,359 million yen (YoY +66.4%) / Operating profit margin 10.7 %
Full-year earnings forecastNet Sales 272,000 million yen / Operating profit 19,500 million yen / Ordinary income 20,000 million yen / Net income for the current fiscal year 14,500 million yen / Capital Expenditure 38,000 million yen / Depreciation and amortization 15,000 million yen / EBITDA 34,500 million yen / Earnings per share 79.34 yen
Segment resultsSegment Electrical components (motor cores) / Net Sales 89,889 million yen (YoY +16.1%) / Operating profit 8,992 million yen (YoY +68.9%), Segment Electronic components (lead frames) / Net Sales 38,749 million yen (YoY +34.8%) / Operating profit 3,683 million yen (YoY +133.3%), Segment Molds and machine tools / Net Sales 6,359 million yen (YoY +22.6%) / Operating profit 341 million yen (YoY +562.7%), Segment Eliminations or corporate / Net Sales -4,325 million yen / Operating profit -1,199 million yen
Breakdown of Factors Affecting the ChangeNet Sales Foreign Exchange Effects 6,518 million yen / Pricing impact -3,173 million yen / Electrical components (motor cores) 11,767 million yen / Electronic components (lead frames) 8,594 million yen / Molds and machine tools 1,118 million yen / Eliminations or corporate -1,313 million yen / Operating profit Foreign Exchange Effects 1,101 million yen / Electrical components (motor cores) 3,409 million yen / Electronic components (lead frames) 1,299 million yen / Molds and machine tools 252 million yen / Eliminations or corporate -591 million yen
Key KPIsEBITDA 18,820 million yen (YoY +43.8%), EBITDA margin 14.4 %, Capital Expenditure 17,710 million yen (YoY +12.8%), Depreciation 7,002 million yen (YoY +3.9%), Equity ratio 46.6 %, Average US dollar exchange rate during the period 159.15 yen
Unit price and quantity metricsHEV sales as a percentage of revenue 84 %, Sales volume growth rate 16 %, Automotive sales as a percentage of revenue 36 %, Automotive sales growth rate 30 %, Consumer product sales as a percentage of revenue 51 %, Consumer product sales growth rate 46 %
Assumptions Underlying the Business OutlookAssumed US dollar exchange rate for the full year 158.57 yen, Assumed US dollar exchange rate for the second half 158 yen
Annual Dividend¥19 per share
Capital expenditures17,710 million yen
New initiativesUpfront investment in the electrical components business, Expansion of production capacity to meet growing demand in the electronic components business, Shareholder returns targeting DOE of 3.0% or more
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition 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.

In electrical components, higher demand, primarily for HEVs, increased sales, greater customer support using global production sites, and the recognition of temporary profit contributed to higher revenue and profit. In electronic components, demand for automotive and consumer products, price pass-through, the weaker yen, and related demand associated with increased investment in AI data centers contributed to results. The upward revision to the full-year forecast was primarily attributable to higher sales of electrical and electronic components.

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.
Supplementary Explanatory Materials for the Second Quarter (Interim Period) Financial Results for the Fiscal Year Ending January 2027 | Mitsui High-tec,Inc. (6966) timely disclosure | Komori