Worth reading
61In 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
56760
¥ million (year-on-year change in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst half of the fiscal year ending October 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥209,107 million+37.3%
Operating profit¥2,226 million-5.0%
Ordinary income¥4,882 million+50.7%
Net income¥34,857 million+1,859.4%
Full-year earnings forecast
Net Sales
¥409,107 million
Operating profit
¥5,277 million
Ordinary income
¥8,433 million
Net income for the current fiscal year
¥36,807 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is broadly in line with the consolidated earnings forecast announced on 6 March 2026Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- New consolidation of ハイレックスアクトApproximately ¥52.2 billion (increase in revenue)
- Yen depreciationApproximately ¥6.0 billion (increase in revenue)
- Gain on sale of securities¥8,315 million
- Gain on negative goodwill¥28,305 million
- Higher tariff costs in the AmericasApproximately ¥500 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
First-half actual exchange rates
US dollars¥155.47 per US dollar
Source¥22.18
Euro¥181.45 per euro
Second-half assumed exchange rates
US dollars¥148.00 per US dollar
Source¥21.00 per yuan
Euro¥165.00
New initiatives
- Reorganize domestic production sites by product and function
- Optimize logistics routes and production capacity in North and Central America
- Transition the China business to China-led management and establish a new Shanghai production subsidiary
- Launch a new development structure for Power Closure Systems on 1 May
- Integrate products, technologies, sales networks, and site networks with ハイレックスアクト
Key KPIsA metric the company considers important as a management benchmark.
- Impact of tariffs in the Americas9.6 USD million
- Tariffs recovered5.9 USD million
- Tariff recovery rate62 %
- Expected future recovery of tariff impact85 Approximately %
- Share of Chinese-brand manufacturers in the Chinese market69 %
- Renewable electricity self-sufficiency rate at ハイレックスハンガリー23 %
- Annual power generation at ハイレックスハンガリー650 MWh
Segment results
Japan
Net Sales
¥40,050 million+50.5%
Operating profit
¥-1,557 million
Americas
Net Sales
¥76,913 million+48.5%
Operating profit
¥217 million-41.0%
China
Net Sales
¥33,768 million+38.5%
Operating profit
¥1,266 million+193.0%
South Korea
Net Sales
¥20,834 million-13.3%
Operating profit
¥1,234 million-39.9%
Other Asia
Net Sales
¥18,529 million+42.2%
Operating profit
¥694 million+483.2%
Europe and Africa
Net Sales
¥19,011 million+51.5%
Operating profit
¥298 million
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
- Approximately $9.6 million (of which approximately $5.9 million has been recovered)DetailsTariff impact on the Americas business
- Approximately ¥150 million per monthDetailsRequests for price increases for resin materials due to the situation in the Middle East
- ¥2.6 billion (5 vehicle models)DetailsRevenue impact from a review of the EV strategy
Market Size / Share
- Market share of vehicle sales in ChinaChinese manufacturers69%German manufacturers13%Japanese manufacturers10%US manufacturers6%
- Regional share of door-related productsAmericas82%Europe89%China85%South Korea100%Japan39%Other Asia28%
Annual Dividend
A commemorative dividend will be paid for fiscal 2026. Dividend per share: Not disclosedAcquisition of treasury shares
Share repurchases of ¥1.5 billion in fiscal 2026 (as shown in the chart). Number of shares and period: Not disclosed| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First half of the fiscal year ending October 2026 |
| Net Sales | ¥209,107 million (YoY +37.3%) |
| Operating profit | ¥2,226 million (YoY -5.0%) |
| Ordinary income | ¥4,882 million (YoY +50.7%) |
| Net income | ¥34,857 million (YoY +1,859.4%) |
| Full-year earnings forecast | Net Sales ¥409,107 million / Operating profit ¥5,277 million / Ordinary income ¥8,433 million / Net income for the current fiscal year ¥36,807 million |
| Self-assessment against the plan | Progress is broadly in line with the consolidated earnings forecast announced on 6 March 2026 |
| Segment results | Japan Net Sales ¥40,050 million (YoY +50.5%) / Operating profit ¥-1,557 million / Americas Net Sales ¥76,913 million (YoY +48.5%) / Operating profit ¥217 million (YoY -41.0%) / China Net Sales ¥33,768 million (YoY +38.5%) / Operating profit ¥1,266 million (YoY +193.0%) / South Korea Net Sales ¥20,834 million (YoY -13.3%) / Operating profit ¥1,234 million (YoY -39.9%) / Other Asia Net Sales ¥18,529 million (YoY +42.2%) / Operating profit ¥694 million (YoY +483.2%) / Europe and Africa Net Sales ¥19,011 million (YoY +51.5%) / Operating profit ¥298 million |
| Breakdown of Factors Affecting the Change | Factors New consolidation of ハイレックスアクト / Amount Approximately ¥52.2 billion (increase in revenue), Factors Yen depreciation / Amount Approximately ¥6.0 billion (increase in revenue), Factors Gain on sale of securities / Amount ¥8,315 million, Factors Gain on negative goodwill / Amount ¥28,305 million, Factors Higher tariff costs in the Americas / Amount Approximately ¥500 million |
| Key KPIs | Indicator name Impact of tariffs in the Americas / Value 9.6 USD million, Indicator name Tariffs recovered / Value 5.9 USD million, Indicator name Tariff recovery rate / Value 62 %, Indicator name Expected future recovery of tariff impact / Value 85 Approximately %, Indicator name Share of Chinese-brand manufacturers in the Chinese market / Value 69 %, Indicator name Renewable electricity self-sufficiency rate at ハイレックスハンガリー / Value 23 %, Indicator name Annual power generation at ハイレックスハンガリー / Value 650 MWh |
| Assumptions Underlying the Business Outlook | First-half actual exchange rates US dollars ¥155.47 per US dollar / Source ¥22.18 / Euro ¥181.45 per euro / Second-half assumed exchange rates US dollars ¥148.00 per US dollar / Source ¥21.00 per yuan / Euro ¥165.00 |
| Risk amount incorporated into the outlook | Details Tariff impact on the Americas business / Amount Approximately $9.6 million (of which approximately $5.9 million has been recovered), Details Requests for price increases for resin materials due to the situation in the Middle East / Amount Approximately ¥150 million per month, Details Revenue impact from a review of the EV strategy / Amount ¥2.6 billion (5 vehicle models) |
| Annual Dividend | A commemorative dividend will be paid for fiscal 2026. Dividend per share: Not disclosed |
| Acquisition of treasury shares | Share repurchases of ¥1.5 billion in fiscal 2026 (as shown in the chart). Number of shares and period: Not disclosed |
| Market Size / Share | Market Market share of vehicle sales in China / Chinese manufacturers 69% / German manufacturers 13% / Japanese manufacturers 10% / US manufacturers 6%, Market Regional share of door-related products / Americas 82% / Europe 89% / China 85% / South Korea 100% / Japan 39% / Other Asia 28% |
| New initiatives | Reorganize domestic production sites by product and function, Optimize logistics routes and production capacity in North and Central America, Transition the China business to China-led management and establish a new Shanghai production subsidiary, Launch a new development structure for Power Closure Systems on 1 May, Integrate products, technologies, sales networks, and site networks with ハイレックスアクト |
Items this document does not state (14)
Gross Profit MarginOperating profit marginSelling, 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 employeesMedium-term management plan targetsFinancial targetsPayout ratioCapital expendituresOrders 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.Revenue benefited from an increase of approximately ¥52.2 billion from the newly consolidated ハイレックスアクト, growth in the pre-integration businesses mainly in the Americas and Europe, and an increase of approximately ¥6.0 billion due to the weaker yen. The decline in operating profit was attributable to the inability to absorb fixed costs amid delayed tariff recovery in the Americas, higher labor costs caused by the appreciation of the Mexican peso against the US dollar, and lost business in South Korea following changes in customers’ distribution channels.
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