Worth reading
48Recurring
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
40000
¥ millions (increase from the previous forecast for full-year revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥93,897 million+10.7%
Operating profit¥4,818 million+53.3%
Ordinary income¥4,263 million+1,560.4%
Net income¥2,504 million
Selling, general and administrative expenses¥16,577 million
Gross Profit Margin22.8% (change in percentage points year on year: Not disclosed)
Operating profit margin5.1% (change in percentage points year on year: Not disclosed)
Results for the three months of the current quarter
Net Sales¥93,897 million
Operating profit¥4,818 million
Ordinary income¥4,263 million
Profit attributable to owners of parent for the quarter¥2,504 million
Full-year earnings forecast
Net Sales¥424,000 million
Operating profit¥45,000 million
Ordinary income¥42,000 million
Profit attributable to owners of the parent¥29,000 million
Research and development costs¥15,000 million
Capital expenditures¥42,000 million
Depreciation and amortization¥50,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Foreign exchange impact year on year: net sales +¥6.5 billion, operating income +¥2.6 billion
- Foreign exchange impact quarter on quarter: net sales +¥1.5 billion, operating income +¥0.8 billion
- Operating-rate effect quarter on quarter: +¥1.8 billion
- Change in inventories quarter on quarter: shown in the chart (amount illegible)
- Depreciation and amortization year on year and versus the previous forecast: +¥0.3 billion and +¥1.1 billion, respectively
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- JPY/USD exchange rate: ¥159.70 (full-year forecast), ¥160.00 (Q2 forecast)
New initiatives
Price revisions were implemented for certain products, primarily those sold through distributorsKey KPIsA metric the company considers important as a management benchmark.
- Company-wide book-to-bill ratio1.58 times
- Capacitor book-to-bill ratio1.72 times
- Sales mix of information infrastructure, industrial equipment and automotive products55 %
- Capacitor orders41 % quarter on quarter
- Capacitor order backlog78 % quarter on quarter
Orders received and order backlog
Capacitor orders increased 41% quarter on quarter, while the order backlog increased 78%. Amounts: Not disclosedCapital expenditures
¥42,000 million full-year forecast
Annual Dividend
Annual dividend per share¥90
Payout ratio
41.1%; DOE 3.7% (basic policy: payout ratio of 30%, DOE of 3.5%)Acquisition of treasury shares
Historical results: ¥5.0 billion in FY2022. No information provided for FY2027| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥93,897 million (YoY +10.7%) |
| Operating profit | ¥4,818 million (YoY +53.3%) |
| Ordinary income | ¥4,263 million (YoY +1,560.4%) |
| Net income | ¥2,504 million |
| Gross Profit Margin | 22.8% (change in percentage points year on year: Not disclosed) |
| Operating profit margin | 5.1% (change in percentage points year on year: Not disclosed) |
| Selling, general and administrative expenses | ¥16,577 million |
| Results for the three months of the current quarter | Net Sales ¥93,897 million / Operating profit ¥4,818 million / Ordinary income ¥4,263 million / Profit attributable to owners of parent for the quarter ¥2,504 million |
| Full-year earnings forecast | Net Sales ¥424,000 million / Operating profit ¥45,000 million / Ordinary income ¥42,000 million / Profit attributable to owners of the parent ¥29,000 million / Research and development costs ¥15,000 million / Capital expenditures ¥42,000 million / Depreciation and amortization ¥50,000 million |
| Breakdown of Factors Affecting the Change | Foreign exchange impact year on year: net sales +¥6.5 billion, operating income +¥2.6 billion, Foreign exchange impact quarter on quarter: net sales +¥1.5 billion, operating income +¥0.8 billion, Operating-rate effect quarter on quarter: +¥1.8 billion, Change in inventories quarter on quarter: shown in the chart (amount illegible), Depreciation and amortization year on year and versus the previous forecast: +¥0.3 billion and +¥1.1 billion, respectively |
| Key KPIs | Indicator name Company-wide book-to-bill ratio / Value 1.58 times / Year on year against the same period last year Not disclosed, Indicator name Capacitor book-to-bill ratio / Value 1.72 times / Year on year against the same period last year Not disclosed, Indicator name Sales mix of information infrastructure, industrial equipment and automotive products / Value 55 % / Year on year against the same period last year Not disclosed, Indicator name Capacitor orders / Value 41 % quarter on quarter / Year on year against the same period last year Not disclosed, Indicator name Capacitor order backlog / Value 78 % quarter on quarter / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | JPY/USD exchange rate: ¥159.70 (full-year forecast), ¥160.00 (Q2 forecast) |
| Annual Dividend | Annual dividend per share ¥90 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 41.1%; DOE 3.7% (basic policy: payout ratio of 30%, DOE of 3.5%) |
| Acquisition of treasury shares | Historical results: ¥5.0 billion in FY2022. No information provided for FY2027 |
| Capital expenditures | ¥42,000 million (full-year forecast) |
| Orders received and order backlog | Capacitor orders increased 41% quarter on quarter, while the order backlog increased 78%. Amounts: Not disclosed |
| New initiatives | Price revisions were implemented for certain products, primarily those sold through distributors |
Items this document does not state (11)
Progress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsMarket 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.Demand for higher-capacity, higher-count multilayer ceramic capacitors for AI servers continued to grow, while orders for information equipment also remained strong. The upward revision also reflected increased sales of high-value-added high-end products, the weaker yen and slower price declines for the same products.
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.