Worth reading
56In focus
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
-338
¥100 million (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst 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 Sales¥12,509 million
Operating profit¥426 million
Net income¥492 100 million profit for the quarter attributable to owners of the parent
Results for the three months of the current quarter
Consolidated unit sales
220 thousand units
Production volume
213 thousand units
Revenue
¥12,509 million
Operating profit
¥426 million
Quarterly profit attributable to owners of the parent
¥492 million
Full-year earnings forecast
Production volume
900,000 Units
Consolidated unit sales
940,000 Units
Revenue
¥52,000 million
Operating profit
¥1,500 million
Income before taxes
¥1,800 million
Profit for the period attributable to owners of the parent
¥1,300 million
Capital Expenditure
¥1,600 million
Depreciation and amortization
¥1,250 million
Research and development expenditure
¥1,450 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing steadilyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Changes in the business environment-¥3.5 billion
- Foreign Exchange Effects+¥13.5 billion
- Raw Materials and Market Conditions-¥17.0 billion
- Manufacturing initiatives-¥12.5 billion
- Manufacturing Fixed Costs-¥18.0 billion
- Research and development costs-¥2.9 billion
- Other manufacturing initiatives+¥8.4 billion
- Sales Activities-¥35.3 billion
- Unit sales and sales mix-¥9.4 billion
- Sales incentives-¥24.9 billion
- Sales-related expenses-¥900 million
- Cost-reduction activities+¥5.2 billion
- Other+¥12.3 billion
- Warranty repair costs+¥15.6 billion
- Environmental regulatory costs+¥10.2 billion
- Other-¥13.5 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US$¥155/US$
New initiatives
- Scheduled to begin mixed-model production of BEV and ICE vehicles at the Yajima Plant
- Enter the automotive sales finance business in the North American market by around 2030
Key KPIsA metric the company considers important as a management benchmark.
- US production volume95 thousand unitsYear on year against the same period last year+0 thousand vehicles
- Domestic production volume118 thousand unitsYear on year against the same period last year-35 thousand vehicles
- Total production volume213 thousand unitsYear on year against the same period last year-34 thousand vehicles
- Consolidated finished vehicle sales220 thousand unitsYear on year against the same period last year-23 thousand vehicles
- SOA retail vehicle sales165 thousand unitsYear on year against the same period last year+11 thousand vehicles
- SIA production volume95 thousand unitsYear on year against the same period last year+0 thousand vehicles
Segment results
Business Segments
Automobiles
Revenue
¥12,109 million
Operating profit
¥401 million
Year on year against the same period last year
Revenue+¥27.0 billion
Operating profit-¥34.0 billion
Aerospace
Revenue
¥387 million
Operating profit
¥6 million
Year on year against the same period last year
Revenue+¥9.9 billion
Operating profit+¥0.3 billion
Other
Revenue
¥12 million
Operating profit
¥17 million
Year on year against the same period last year
Revenue-¥0.2 billion
Operating profit-¥0.2 billion
By location
Japan
Revenue
¥2,793 million
Operating profit
¥554 million
Year on year against the same period last year
Revenue+¥20.7 billion
Operating profit+¥19.9 billion
North America
Revenue
¥9,362 million
Operating profit
¥-132 million
Year on year against the same period last year
Revenue+¥8.4 billion
Operating profit-¥31.9 billion
Other
Revenue
¥353 million
Operating profit
¥11 million
Year on year against the same period last year
Revenue+¥7.7 billion
Operating profit+¥0.0 billion
Capital expenditures
¥211 100 million first-quarter actual
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥12,509 million |
| Operating profit | ¥426 million |
| Net income | ¥492 100 million (profit for the quarter attributable to owners of the parent) |
| Results for the three months of the current quarter | Consolidated unit sales 220 thousand units / Production volume 213 thousand units / Revenue ¥12,509 million / Operating profit ¥426 million / Quarterly profit attributable to owners of the parent ¥492 million |
| Full-year earnings forecast | Production volume 900,000 Units / Consolidated unit sales 940,000 Units / Revenue ¥52,000 million / Operating profit ¥1,500 million / Income before taxes ¥1,800 million / Profit for the period attributable to owners of the parent ¥1,300 million / Capital Expenditure ¥1,600 million / Depreciation and amortization ¥1,250 million / Research and development expenditure ¥1,450 million |
| Self-assessment against the plan | Progressing steadily |
| Segment results | Business Segments Automobiles Revenue ¥12,109 million / Operating profit ¥401 million / Year on year against the same period last year Revenue +¥27.0 billion / Operating profit -¥34.0 billion / Aerospace Revenue ¥387 million / Operating profit ¥6 million / Year on year against the same period last year Revenue +¥9.9 billion / Operating profit +¥0.3 billion / Other Revenue ¥12 million / Operating profit ¥17 million / Year on year against the same period last year Revenue -¥0.2 billion / Operating profit -¥0.2 billion / By location Japan Revenue ¥2,793 million / Operating profit ¥554 million / Year on year against the same period last year Revenue +¥20.7 billion / Operating profit +¥19.9 billion / North America Revenue ¥9,362 million / Operating profit ¥-132 million / Year on year against the same period last year Revenue +¥8.4 billion / Operating profit -¥31.9 billion / Other Revenue ¥353 million / Operating profit ¥11 million / Year on year against the same period last year Revenue +¥7.7 billion / Operating profit +¥0.0 billion |
| Breakdown of Factors Affecting the Change | Factors Changes in the business environment / Amount -¥3.5 billion, Factors Foreign Exchange Effects / Amount +¥13.5 billion, Factors Raw Materials and Market Conditions / Amount -¥17.0 billion, Factors Manufacturing initiatives / Amount -¥12.5 billion, Factors Manufacturing Fixed Costs / Amount -¥18.0 billion, Factors Research and development costs / Amount -¥2.9 billion, Factors Other manufacturing initiatives / Amount +¥8.4 billion, Factors Sales Activities / Amount -¥35.3 billion, Factors Unit sales and sales mix / Amount -¥9.4 billion, Factors Sales incentives / Amount -¥24.9 billion, Factors Sales-related expenses / Amount -¥900 million, Factors Cost-reduction activities / Amount +¥5.2 billion, Factors Other / Amount +¥12.3 billion, Factors Warranty repair costs / Amount +¥15.6 billion, Factors Environmental regulatory costs / Amount +¥10.2 billion, Factors Other / Amount -¥13.5 billion |
| Key KPIs | Indicator name US production volume / Value 95 thousand units / Year on year against the same period last year +0 thousand vehicles, Indicator name Domestic production volume / Value 118 thousand units / Year on year against the same period last year -35 thousand vehicles, Indicator name Total production volume / Value 213 thousand units / Year on year against the same period last year -34 thousand vehicles, Indicator name Consolidated finished vehicle sales / Value 220 thousand units / Year on year against the same period last year -23 thousand vehicles, Indicator name SOA retail vehicle sales / Value 165 thousand units / Year on year against the same period last year +11 thousand vehicles, Indicator name SIA production volume / Value 95 thousand units / Year on year against the same period last year +0 thousand vehicles |
| Assumptions Underlying the Business Outlook | Exchange rate US$ ¥155/US$ |
| Capital expenditures | ¥211 100 million (first-quarter actual) |
| New initiatives | Scheduled to begin mixed-model production of BEV and ICE vehicles at the Yajima Plant, Enter the automotive sales finance business in the North American market by around 2030 |
Items this document does not state (17)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout 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.Lower unit sales and changes in the sales mix, sales incentives, manufacturing fixed costs, research and development expenses, and deterioration in raw material costs and market conditions reduced profit. Meanwhile, the reduction in US tariff rates, foreign exchange effects, lower warranty repair costs, and lower environmental regulatory costs boosted profit.
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.