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Financial Results Presentation7287NIPPON SEIKI CO.,LTD.Automobiles and transportation equipment

Financial Results Briefing Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue and operating profit increased, driven by higher sales of motorcycle instruments and cost reductions. Revenue, operating profit and profit attributable to owners of the parent all exceeded the initial plan. For the fiscal year ending March 2027, revenue is expected to decline due to lower sales of automotive instruments, but the Company plans higher operating profit through sustained profitability in motorcycle instruments and cost improvements.

Worth reading
86Important
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
20.4
% (year-on-year change in projected operating profit for the fiscal year ending March 2027)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFiscal year ended March 2026 (with forecasts for the fiscal year ending March 2027 also shown)15 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales327,894 Millions of yen+3.6%
Operating profit11,624 Millions of yen+21.3%
Ordinary income¥13,875 million +48.5%profit before tax
Net income¥8,220 million +34.3%profit attributable to owners of the parent
Gross Profit Margin14.9%
Operating profit margin3.5%
Results for the three months of the current quarter
Revenue
93,532 Millions of yen+5.6%
Operating profit
3,058 Millions of yen-22.7%
Profit before quarterly income taxes
3,034 Millions of yen-33.1%
Quarterly profit attributable to owners of the parent
1,612 Millions of yen-57.1%
Full-year earnings forecast
Revenue
320,000 Millions of yen
Operating profit
14,000 Millions of yen
Operating profit margin
4.4%
Profit for the period attributable to owners of the parent
10,000 Millions of yen
Annual Dividend
¥90
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Revenue102.5% (versus the initial plan for the fiscal year ended March 2026)
Operating profit102.9% (versus the initial plan for the fiscal year ended March 2026)
Profit for the period attributable to owners of the parent102.8% (versus the initial plan for the fiscal year ended March 2026)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Consolidated results ultimately came in at the planned level. Motorcycle instruments exceeded the plan, while sales of automotive instruments and HUDs fell below expectations.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in operating profit for FY2026
Foreign Exchange Effects-121
Sales volume3968
Pricing and costs579
HUD one-time payment-740
Capitalization of design and development costs214
Stock acquisition-related expenses-700
Tariff impact-602
Fixed Costs-851
Other292
Year-on-year change in operating profit for the fiscal year ending March 2027
Foreign Exchange Effects-465
Sales volume-707
Pricing and costs3,372
Stock acquisition-related expenses700
Tariff impact-598
Fixed Costs-839
Other913
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign Exchange¥150.00 per US dollar
Number of versionsLower sales volume of automotive instruments and higher sales volume of motorcycle instruments
Market EnvironmentDemand for motorcycles in the Global South is expected to expand moderately
New initiatives
  • Making 東洋電装株式会社 a wholly owned subsidiary and post-acquisition integration (scheduled closing date: 1 October 2026)
  • Full-scale supply of HUDs for the new Toyota RAV4
  • Beginning to accept orders for Holfee3D, a 3D machine guidance system for excavators
  • Beginning sales of the pre-launch development model of the LumiPATH LED projector
  • Establishing a Corporate Communications Department to strengthen investor relations
  • Introducing a stock compensation plan through the employee stock ownership plan
  • Formulating a new medium-term management plan (FY3/28-FY3/30)
Key KPIsA metric the company considers important as a management benchmark.
  • PBR0.58 times
    Year on year against the same period last yearUp (from 0.31x in FY3/25)
  • ROE3.7 %
    Year on year against the same period last yearUp (from 2.8% in FY3/25)
  • Individual meetings with institutional investors and analysts124 times
  • Individual meetings with proxy voting representatives11 times
  • Percentage of sales to Honda29 %
    Year on year against the same period last yearUp (from 28% in FY3/25)
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The materials indicate expected growth in motorcycle instrument unit sales, wider adoption of TFT liquid-crystal meters, and higher selling prices from integrated hardware and software sales, but specific figures for customer numbers and unit prices are not disclosed
Segment results
Four-wheel vehicle meters
Revenue
174,316 Millions of yen-1.8%
Operating profit
-1,785 Millions of yen
Motorcycle meters
Revenue
82,291 Millions of yen+16.6%
Operating profit
9,560 Millions of yen+26.2%
Other automotive components
Revenue
10,627 Millions of yen+6.2%
Operating profit
739 Millions of yen
Consumer products
Revenue
13,881 Millions of yen+2.3%
Operating profit
-307 Millions of yen
Resin compounds
Revenue
8,374 Millions of yen-8.7%
Operating profit
565 Millions of yen-19.1%
Automobile Sales
Revenue
27,000 Millions of yen+2.8%
Operating profit
1,332 Millions of yen-8.8%
Other
Revenue
11,401 Millions of yen+23.1%
Operating profit
1,667 Millions of yen+49.6%
Medium-term management plan targets
Operating profit target
16,500 Millions of yen
Fiscal yearFiscal year ending March 2027
Operating profit margin
5.0%
Fiscal yearFiscal year ending March 2027
ROE
5%
Fiscal yearThis medium-term management plan
Comparison with actual resultsProjected operating profit for the fiscal year ending March 2027 is ¥14.0 billion, down from the initial target of ¥16.5 billion
Financial targets
ROE
Target5%
Actual results3.7% (fiscal year ended March 2026)
Market Size / Share
Motorcycle instrument market shareApproximately 30%, No. 1 worldwide
HUD market shareApproximately 30%, No. 1 worldwide
Automotive instrument market shareApproximately 10%, No. 4 worldwide
Motorcycle demand forecast35,000 thousand units in FY26, 35,700 thousand units in FY27, 37,400 thousand units in FY30 and 38,000 thousand units in FY35 across ASEAN, India and Brazil
Number of employees
Number of Employees13,246 (consolidated), 1,453 (non-consolidated)
As of31 March 2026
Capital expenditures
¥14,900 million approximately ¥14.9 billion
Annual Dividend
Fiscal year ending March 2026
Annual¥80 per share
Interim¥40 per share
End of period¥40 per share
Forecast for the fiscal year ending March 2027
Annual¥90 per share
Interim¥45 per share
End of period¥45 per share
Payout ratio
not disclosed (maintaining a total payout ratio of 80%)
Acquisition of treasury shares
Acquisition amountThe plan for FY3/27 states that the Company will consider share buybacks and other measures
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFiscal year ended March 2026 (with forecasts for the fiscal year ending March 2027 also shown)
Net Sales327,894 Millions of yen (YoY +3.6%)
Operating profit11,624 Millions of yen (YoY +21.3%)
Ordinary income¥13,875 million (profit before tax) (YoY +48.5%)
Net income¥8,220 million (profit attributable to owners of the parent) (YoY +34.3%)
Gross Profit Margin14.9%
Operating profit margin3.5%
Results for the three months of the current quarterRevenue 93,532 Millions of yen (YoY +5.6%) / Operating profit 3,058 Millions of yen (YoY -22.7%) / Profit before quarterly income taxes 3,034 Millions of yen (YoY -33.1%) / Quarterly profit attributable to owners of the parent 1,612 Millions of yen (YoY -57.1%)
Full-year earnings forecastRevenue 320,000 Millions of yen / Operating profit 14,000 Millions of yen / Operating profit margin 4.4% / Profit for the period attributable to owners of the parent 10,000 Millions of yen / Annual Dividend ¥90
Progress against full-year forecastRevenue 102.5% (versus the initial plan for the fiscal year ended March 2026) / Operating profit 102.9% (versus the initial plan for the fiscal year ended March 2026) / Profit for the period attributable to owners of the parent 102.8% (versus the initial plan for the fiscal year ended March 2026)
Self-assessment against the planConsolidated results ultimately came in at the planned level. Motorcycle instruments exceeded the plan, while sales of automotive instruments and HUDs fell below expectations.
Segment resultsFour-wheel vehicle meters Revenue 174,316 Millions of yen (YoY -1.8%) / Operating profit -1,785 Millions of yen / Motorcycle meters Revenue 82,291 Millions of yen (YoY +16.6%) / Operating profit 9,560 Millions of yen (YoY +26.2%) / Other automotive components Revenue 10,627 Millions of yen (YoY +6.2%) / Operating profit 739 Millions of yen / Consumer products Revenue 13,881 Millions of yen (YoY +2.3%) / Operating profit -307 Millions of yen / Resin compounds Revenue 8,374 Millions of yen (YoY -8.7%) / Operating profit 565 Millions of yen (YoY -19.1%) / Automobile Sales Revenue 27,000 Millions of yen (YoY +2.8%) / Operating profit 1,332 Millions of yen (YoY -8.8%) / Other Revenue 11,401 Millions of yen (YoY +23.1%) / Operating profit 1,667 Millions of yen (YoY +49.6%)
Breakdown of Factors Affecting the ChangeYear-on-year change in operating profit for FY2026 Foreign Exchange Effects -121 / Sales volume 3968 / Pricing and costs 579 / HUD one-time payment -740 / Capitalization of design and development costs 214 / Stock acquisition-related expenses -700 / Tariff impact -602 / Fixed Costs -851 / Other 292 / Year-on-year change in operating profit for the fiscal year ending March 2027 Foreign Exchange Effects -465 / Sales volume -707 / Pricing and costs 3,372 / Stock acquisition-related expenses 700 / Tariff impact -598 / Fixed Costs -839 / Other 913
Key KPIsIndicator name PBR / Value 0.58 times / Year on year against the same period last year Up (from 0.31x in FY3/25), Indicator name ROE / Value 3.7 % / Year on year against the same period last year Up (from 2.8% in FY3/25), Indicator name Individual meetings with institutional investors and analysts / Value 124 times / Year on year against the same period last year Not disclosed, Indicator name Individual meetings with proxy voting representatives / Value 11 times / Year on year against the same period last year Not disclosed, Indicator name Percentage of sales to Honda / Value 29 % / Year on year against the same period last year Up (from 28% in FY3/25)
Unit price and quantity metricsThe materials indicate expected growth in motorcycle instrument unit sales, wider adoption of TFT liquid-crystal meters, and higher selling prices from integrated hardware and software sales, but specific figures for customer numbers and unit prices are not disclosed
Number of employeesNumber of Employees 13,246 (consolidated), 1,453 (non-consolidated) / As of 31 March 2026
Assumptions Underlying the Business OutlookForeign Exchange ¥150.00 per US dollar / Number of versions Lower sales volume of automotive instruments and higher sales volume of motorcycle instruments / Market Environment Demand for motorcycles in the Global South is expected to expand moderately
Medium-term management plan targetsOperating profit target 16,500 Millions of yen / Operating profit margin 5.0% / ROE 5% / Comparison with actual results Projected operating profit for the fiscal year ending March 2027 is ¥14.0 billion, down from the initial target of ¥16.5 billion
Financial targetsROE Target 5% / Actual results 3.7% (fiscal year ended March 2026)
Annual DividendFiscal year ending March 2026 Annual ¥80 per share / Interim ¥40 per share / End of period ¥40 per share / Forecast for the fiscal year ending March 2027 Annual ¥90 per share / Interim ¥45 per share / End of period ¥45 per share
Payout rationot disclosed (maintaining a total payout ratio of 80%)
Acquisition of treasury sharesAcquisition amount The plan for FY3/27 states that the Company will consider share buybacks and other measures / Number of Shares Not disclosed / Period Not disclosed
Capital expenditures¥14,900 million (approximately ¥14.9 billion)
Market Size / ShareMotorcycle instrument market share Approximately 30%, No. 1 worldwide / HUD market share Approximately 30%, No. 1 worldwide / Automotive instrument market share Approximately 10%, No. 4 worldwide / Motorcycle demand forecast 35,000 thousand units in FY26, 35,700 thousand units in FY27, 37,400 thousand units in FY30 and 38,000 thousand units in FY35 across ASEAN, India and Brazil
New initiativesMaking 東洋電装株式会社 a wholly owned subsidiary and post-acquisition integration (scheduled closing date: 1 October 2026), Full-scale supply of HUDs for the new Toyota RAV4, Beginning to accept orders for Holfee3D, a 3D machine guidance system for excavators, Beginning sales of the pre-launch development model of the LumiPATH LED projector, Establishing a Corporate Communications Department to strengthen investor relations, Introducing a stock compensation plan through the employee stock ownership plan, Formulating a new medium-term management plan (FY3/28-FY3/30)
Items this document does not state (5)
Selling, general and administrative expensesNumber of stores and locationsRisk amount incorporated into the outlookOrders 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.

For the fiscal year ended March 2026, strong sales of motorcycle instruments in ASEAN, India and South America, increased revenue from motorcycle instruments, and cost reduction initiatives contributed to higher revenue and profit. For the fiscal year ending March 2027, lower sales of automotive instruments due to declining shares of Japanese and European OEMs in the Chinese market are expected to reduce revenue, while contributions from motorcycle instruments and cost reduction initiatives are expected to support higher profit. The outlook also takes into account higher memory prices, rising labor and energy costs, and higher crude oil prices.

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Financial Results Briefing Materials for the Fiscal Year Ending March 2026 | NIPPON SEIKI CO.,LTD. (7287) timely disclosure | Komori