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Financial results presentation7280MITSUBA CorporationElectrical Equipment and Precision Instruments

Supplementary Explanatory Materials for the First Quarter Financial Results for the Fiscal Year Ending March 2027

In the first quarter of the fiscal year ending March 2027, revenue increased 7.1% year on year, driven by yen depreciation and strong performance in the motorcycle business. However, operating profit fell by ¥200 million and ordinary profit fell by ¥600 million, mainly due to higher material costs.

Worth reading
56In focus
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
56
¥100 million (year-on-year increase in net sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥863 100 million+107.1%
Operating profit¥43 100 million+93.7%
Ordinary income¥43 100 million+86.1%
Net income¥30 100 million+90.5%
Operating profit margin5.0%, down 0.7 percentage points year on year
Results for the three months of the current quarter
Net Sales
¥863 100 million
Operating profit
¥43 100 million
Ordinary income
¥43 100 million
Profit for the period
¥30 100 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 Effects¥8 100 million
  • Personnel expenses¥-7 100 million
  • Expenses¥-4 100 million
  • Breakdown of foreign exchange impact: impact on revenue¥4 100 million
  • Breakdown of foreign exchange impact: impact of the material cost ratio¥-11 100 million
  • Breakdown of personnel expenses: increase in wages, salaries and other costs¥-7 100 million
  • Breakdown of personnel expenses: decrease in retirement benefit expenses and other costs¥3 100 million
  • Breakdown of expenses: decrease in depreciation and amortization¥3 100 million
  • Breakdown of expenses: increase in logistics costs¥-2 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • ¥159.57
    AssumptionsAverage USD exchange rate from April to June
  • ¥185.45
    AssumptionsAverage EUR exchange rate from April to June
  • ¥23.45
    AssumptionsAverage CNY exchange rate from April to June
New initiatives
  • Fully launch the second-generation rare-earth-free brushless roof motor, expand the range of vehicle models equipped with the motor, and target annual sales of 2 million units
  • Acquisition and cancellation of 60 Class D shares
  • After the completion of the tender offer for shares of 両毛システムズ, proceed with procedures to take the company private
Key KPIsA metric the company considers important as a management benchmark.
  • Production volume of major four-wheel vehicle customers-8.4 % year on year
  • Production volume of major motorcycle customers3.9 % year on year
  • Production volume in India10.9 % year on year
  • Production volume in Indonesia3.5 % year on year
  • Equity ratio35.1 %
  • NET D/E ratio0.2 times
  • FCF¥90 100 million
    Year on year against the same period last year-6.0%
Segment results
  • Transportation Equipment-Related Business
    Net Sales¥810 100 million
    Operating profit¥40 100 million
    Year-on-year operating profit growth98.8
  • Information Services Business
    Net Sales¥42 100 million
    Operating profit¥1 100 million
    Year-on-year operating profit growth40.9
  • Other Businesses
    Net Sales¥10 100 million
    Operating profit¥1 100 million
    Year-on-year operating profit growth70.4
Medium-term management plan targets
Equity ratio target30 %
Actual results35.1 %
Financial targets
  • Equity ratio
    Target30
    Actual results35.1
  • NET D/E ratio
    Actual results0.2
Market Size / Share
World-leading market share in roof motors (according to the Company)
Capital expenditures
¥34 100 million first-quarter capital expenditures; expenditures for the acquisition of property, plant and equipment
Acquisition of treasury shares
Share ClassClass D Shares
Number of shares acquired60 Shares
Acquisition price3,080,756,462 Shares
Purchase price unit¥
Acquisition date31 July 2026
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥863 100 million (YoY +107.1%)
Operating profit¥43 100 million (YoY +93.7%)
Ordinary income¥43 100 million (YoY +86.1%)
Net income¥30 100 million (YoY +90.5%)
Operating profit margin5.0%, down 0.7 percentage points year on year
Results for the three months of the current quarterNet Sales ¥863 100 million / Operating profit ¥43 100 million / Ordinary income ¥43 100 million / Profit for the period ¥30 100 million
Segment resultsSegment Transportation Equipment-Related Business / Net Sales ¥810 100 million / Operating profit ¥40 100 million / Year-on-year operating profit growth 98.8, Segment Information Services Business / Net Sales ¥42 100 million / Operating profit ¥1 100 million / Year-on-year operating profit growth 40.9, Segment Other Businesses / Net Sales ¥10 100 million / Operating profit ¥1 100 million / Year-on-year operating profit growth 70.4
Breakdown of Factors Affecting the ChangeFactors Foreign Exchange Effects / Amount ¥8 100 million, Factors Personnel expenses / Amount ¥-7 100 million, Factors Expenses / Amount ¥-4 100 million, Factors Breakdown of foreign exchange impact: impact on revenue / Amount ¥4 100 million, Factors Breakdown of foreign exchange impact: impact of the material cost ratio / Amount ¥-11 100 million, Factors Breakdown of personnel expenses: increase in wages, salaries and other costs / Amount ¥-7 100 million, Factors Breakdown of personnel expenses: decrease in retirement benefit expenses and other costs / Amount ¥3 100 million, Factors Breakdown of expenses: decrease in depreciation and amortization / Amount ¥3 100 million, Factors Breakdown of expenses: increase in logistics costs / Amount ¥-2 100 million
Key KPIsIndicator name Production volume of major four-wheel vehicle customers / Value -8.4 % year on year, Indicator name Production volume of major motorcycle customers / Value 3.9 % year on year, Indicator name Production volume in India / Value 10.9 % year on year, Indicator name Production volume in Indonesia / Value 3.5 % year on year, Indicator name Equity ratio / Value 35.1 % / Year on year against the same period last year Not disclosed, Indicator name NET D/E ratio / Value 0.2 times / Year on year against the same period last year Not disclosed, Indicator name FCF / Value ¥90 100 million / Year on year against the same period last year ¥-6 100 million
Assumptions Underlying the Business OutlookAssumptions Average USD exchange rate from April to June / Value ¥159.57, Assumptions Average EUR exchange rate from April to June / Value ¥185.45, Assumptions Average CNY exchange rate from April to June / Value ¥23.45
Medium-term management plan targetsEquity ratio target 30 % / Actual results 35.1 %
Financial targetsIndicator Equity ratio / Target 30 % / Actual results 35.1 %, Indicator NET D/E ratio / Actual results 0.2 times
Acquisition of treasury sharesShare Class Class D Shares / Number of shares acquired 60 Shares / Acquisition price 3,080,756,462 Shares / Purchase price unit ¥ / Acquisition date 31 July 2026
Capital expenditures¥34 100 million (first-quarter capital expenditures; expenditures for the acquisition of property, plant and equipment)
Market Size / ShareWorld-leading market share in roof motors (according to the Company)
New initiativesFully launch the second-generation rare-earth-free brushless roof motor, expand the range of vehicle models equipped with the motor, and target annual sales of 2 million units, Acquisition and cancellation of 60 Class D shares, After the completion of the tender offer for shares of 両毛システムズ, proceed with procedures to take the company private
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioOrders 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 the transportation equipment-related business, strong motorcycle operations in India and Indonesia and the foreign exchange impact of yen depreciation contributed to higher revenue, while soaring material costs, particularly for copper, weighed on operating profit. In the information services business, sales of infrastructure-related systems remained solid, but profit declined due to the negative impact of the decline in demand following the surge in demand in the previous fiscal year related to the standardization of local government systems.

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Supplementary Explanatory Materials for the First Quarter Financial Results for the Fiscal Year Ending March 2027 | MITSUBA Corporation (7280) timely disclosure | Komori