Worth reading
81Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-5134
Millions of yen (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥42,982 million
Operating profit¥-2,280 million
Ordinary income¥-683 million
Net income¥2,522 million
Gross Profit Margin
Rate16.1%
Year-on-year change (points)-2.3
Operating profit margin
Rate-5.3%
Year-on-year change (points)-2.6
Full-year earnings forecast
Net Sales
¥45,000 million
Operating profit
¥-1,300 million
Ordinary income
¥-850 million
Net income
¥-3,900 million
Electronic equipment revenue
¥16,800 million
Electronic equipment operating profit
¥-600 million
Production equipment revenue
¥28,200 million
Production equipment operating profit
¥-700 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and operating profit are expected to fall short of planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Electronic equipment operating profit
Inventory-related gains and losses (valuation and disposal losses)-477
Operating-rate impact-350
Operating-rate impact from business termination-307
Variance in the variable-cost ratio-233
Foreign Exchange Effects-100
Effects of structural reforms543
Decrease in retirement benefit expenses524
Control of fixed costs, etc.70
Other-72
Production equipment operating profit
Operating-rate impact-1,129
Deterioration in product mix-340
Impact of improvements to personnel compensation systems-164
Increase in retirement benefit costs-72
Effects of appropriate selling-price policies589
Effects of structural reforms230
Control of fixed costs, etc.226
Inventory-related gains and losses (valuation and disposal losses)62
Other11
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rate¥150/$
New initiatives
- Suspension and dissolution of the South Korean subsidiary and reorganization of the business structure
- Consideration of a company-wide overhaul of core systems
- Start of deliveries and expansion into new applications for new industrial wireless remote controls for construction equipment
- Development and sale of next-generation injection molding monitoring systems equipped with AI functions
- Development and sale of HRS (temperature-control and low-power-consumption specifications)
- Capital alliance with 株式会社MAZIN
Key KPIsA metric the company considers important as a management benchmark.
- Overseas revenue ratio (electronic equipment)58.6%Year on year against the same period last year+6.3 percentage points
- Overseas revenue ratio (production equipment)55.7%Year on year against the same period last year-1.1 percentage points
- Equity ratio77.0%Year on year against the same period last year+0.7 percentage points (versus the end of the previous fiscal year)
- Cost savings from structural reforms¥56 100 millionYear on year against the same period last yearCompared with fiscal 2023
Segment results
Electronic equipment
Net Sales
¥15,414 million-11.9%
Operating profit
¥-1,322 million
Production equipment
Net Sales
¥27,596 million-10.0%
Operating profit
¥-959 million
Medium-term management plan targets
Net Sales
¥575 100 million
Operating profit
¥15 100 million
Target fiscal yearFiscal 2026
Market Size / Share
- Industrial wireless remote-control marketGrowth rateCAGR 6%
- Global market for small industrial servomotorsApproximately ¥40 billionGrowth rateCAGR 4%
- Domestic drone market (inspection and disaster prevention)Approximately ¥7 billionGrowth rateCAGR 20%
- Sensor market for injection moldingGrowth rateCAGR 4%
Capital expenditures
¥1,200 million
Payout ratio
Approximately 30%| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥42,982 million |
| Operating profit | ¥-2,280 million |
| Ordinary income | ¥-683 million |
| Net income | ¥2,522 million |
| Gross Profit Margin | Rate 16.1% / Year-on-year change (points) -2.3 |
| Operating profit margin | Rate -5.3% / Year-on-year change (points) -2.6 |
| Full-year earnings forecast | Net Sales ¥45,000 million / Operating profit ¥-1,300 million / Ordinary income ¥-850 million / Net income ¥-3,900 million / Electronic equipment revenue ¥16,800 million / Electronic equipment operating profit ¥-600 million / Production equipment revenue ¥28,200 million / Production equipment operating profit ¥-700 million |
| Self-assessment against the plan | Revenue and operating profit are expected to fall short of plan |
| Segment results | Electronic equipment Net Sales ¥15,414 million (YoY -11.9%) / Operating profit ¥-1,322 million / Production equipment Net Sales ¥27,596 million (YoY -10.0%) / Operating profit ¥-959 million |
| Breakdown of Factors Affecting the Change | Electronic equipment operating profit Inventory-related gains and losses (valuation and disposal losses) -477 / Operating-rate impact -350 / Operating-rate impact from business termination -307 / Variance in the variable-cost ratio -233 / Foreign Exchange Effects -100 / Effects of structural reforms 543 / Decrease in retirement benefit expenses 524 / Control of fixed costs, etc. 70 / Other -72 / Production equipment operating profit Operating-rate impact -1,129 / Deterioration in product mix -340 / Impact of improvements to personnel compensation systems -164 / Increase in retirement benefit costs -72 / Effects of appropriate selling-price policies 589 / Effects of structural reforms 230 / Control of fixed costs, etc. 226 / Inventory-related gains and losses (valuation and disposal losses) 62 / Other 11 |
| Key KPIs | Indicator name Overseas revenue ratio (electronic equipment) / Value 58.6% / Year on year against the same period last year +6.3 percentage points, Indicator name Overseas revenue ratio (production equipment) / Value 55.7% / Year on year against the same period last year -1.1 percentage points, Indicator name Equity ratio / Value 77.0% / Year on year against the same period last year +0.7 percentage points (versus the end of the previous fiscal year), Indicator name Cost savings from structural reforms / Value ¥56 100 million / Year on year against the same period last year Compared with fiscal 2023 |
| Assumptions Underlying the Business Outlook | Average exchange rate ¥150/$ |
| Medium-term management plan targets | Net Sales ¥575 100 million / Operating profit ¥15 100 million / Target fiscal year Fiscal 2026 |
| Payout ratio | Approximately 30% |
| Capital expenditures | ¥1,200 million |
| Market Size / Share | Market Industrial wireless remote-control market / Growth rate CAGR 6%, Market Global market for small industrial servomotors / Market Size Approximately ¥40 billion / Growth rate CAGR 4%, Market Domestic drone market (inspection and disaster prevention) / Market Size Approximately ¥7 billion / Growth rate CAGR 20%, Market Sensor market for injection molding / Growth rate CAGR 4% |
| New initiatives | Suspension and dissolution of the South Korean subsidiary and reorganization of the business structure, Consideration of a company-wide overhaul of core systems, Start of deliveries and expansion into new applications for new industrial wireless remote controls for construction equipment, Development and sale of next-generation injection molding monitoring systems equipped with AI functions, Development and sale of HRS (temperature-control and low-power-consumption specifications), Capital alliance with 株式会社MAZIN |
Items this document does not state (12)
Selling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendAcquisition of treasury sharesOrders received and order backlogKey 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 electronic equipment, revenue declined due to planned shipment reductions following the termination of certain businesses, the backlash from the previous fiscal year's last buy of in-house products associated with the change in the business scheme for OLED displays, and the completion of the last buy for out-cell touch sensors. In production equipment, the decline was affected by weak market conditions in South Korea and Japan, increased imports of low-priced Chinese products, an inadequate response to price competition, and planned sales reductions resulting from the reorganization of production bases in China. The operating loss widened due to lower revenue and deterioration in inventory-related gains and losses for touch sensors, although structural reforms generated cost savings. Net income turned positive due to a ¥3.4 billion gain on the sale of real estate and gains on the liquidation of subsidiaries.
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.