Worth reading
54Recurring
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
-247
¥ million (year-on-year change in operating profit for the fiscal year ending March 2027)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ended March 2026 (financial results)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥114,861 million-4.8%
Operating profit¥2,647 million-4.5%
Ordinary income¥2,499 million+24.5%
Net income¥2,012 million
Gross Profit Margin9.9
Operating profit margin2.3
Selling, general and administrative expenses¥8,672 million
Full-year earnings forecast
Reporting periodFiscal year ending March 2027
Net Sales
¥118,000 million
Operating profit
¥2,400 million
Ordinary income
¥2,000 million
Profit attributable to owners of the parent
¥1,600 million
Earnings per share
¥84.75
Dividend per share
¥25
Capital expenditures
¥4,800 million
Depreciation and amortization
¥4,816 million
US dollar exchange rate
¥155
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was broadly in line with the forecast. Each profit item exceeded the forecast.Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- One-off factors: explanation of the reversal of the allowance for doubtful accounts in Japan, compensation related to the cancellation of new vehicle development in North America, the reversal of the product warranty provision, gains on the sale of investment securities and impairment losses.
- Tariff costs: partial recovery has progressed, but the full amount has not been recovered; an agreement is expected during the fiscal year ending March 2027.
- Variance from the forecast: revenue was broadly in line with the forecast, while profit items exceeded the forecast due to foreign exchange movements and one-off factors.
- Medium-term management plan: publication of the Seventh Medium-Term Management Plan will be postponed because it is difficult to formulate reasonable and reliable medium- to long-term forecasts.
- EV strategy and the situation in the Middle East: although it is difficult to reasonably estimate the amount of the impact, the company aims to minimize the impact through discussions and a flexible response.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Rationalization2,302
Reduction in fixed costs632
Decrease in depreciation and amortization371
Foreign Exchange Effects35
Model mix differences, etc.-1,680
Impact of lower revenue-933
Increase in variable costs-853
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
US dollar exchange rate
Actual results for the fiscal year ending March 2026¥149.78
Forecast for the fiscal year ending March 2027¥155
New initiatives
- New adoption of 2 safety components in the Nissan N6
- 5 components adopted in the Nissan Sentra, including 2 newly adopted components
- Exhibition at the Automotive Engineering Exposition 2026
- Proposals for the next-generation NCON II steering wheel and multifunction console
- Nondestructive inspection through the introduction of an X-ray CT system
Segment results
Japan
Net Sales
¥43,291 million-6.0%
Operating profit
¥1,383 million-19.1%
North America
Net Sales
¥57,019 million+1.1%
Operating profit
¥608 million+13.1%
China
Net Sales
¥10,953 million-20.8%
Operating profit
¥-795 million
Asia
Net Sales
¥3,596 million-16.2%
Operating profit
¥887 million-33.1%
Capital expenditures
¥3,746 million
Annual Dividend
Fiscal year ending March 2026¥30 per share
Forecast for the fiscal year ending March 2027¥25 per share
Interim and Year-End Breakdown
Fiscal year ending March 2026
Interim10
End of period20
Forecast for the fiscal year ending March 2027
Interim12.5
End of period12.5
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ended March 2026 (financial results) |
| Net Sales | ¥114,861 million (YoY -4.8%) |
| Operating profit | ¥2,647 million (YoY -4.5%) |
| Ordinary income | ¥2,499 million (YoY +24.5%) |
| Net income | ¥2,012 million |
| Gross Profit Margin | 9.9 |
| Operating profit margin | 2.3 |
| Selling, general and administrative expenses | ¥8,672 million |
| Full-year earnings forecast | Reporting period Fiscal year ending March 2027 / Net Sales ¥118,000 million / Operating profit ¥2,400 million / Ordinary income ¥2,000 million / Profit attributable to owners of the parent ¥1,600 million / Earnings per share ¥84.75 / Dividend per share ¥25 / Capital expenditures ¥4,800 million / Depreciation and amortization ¥4,816 million / US dollar exchange rate ¥155 |
| Self-assessment against the plan | Revenue was broadly in line with the forecast. Each profit item exceeded the forecast. |
| Segment results | Japan Net Sales ¥43,291 million (YoY -6.0%) / Operating profit ¥1,383 million (YoY -19.1%) / North America Net Sales ¥57,019 million (YoY +1.1%) / Operating profit ¥608 million (YoY +13.1%) / China Net Sales ¥10,953 million (YoY -20.8%) / Operating profit ¥-795 million / Asia Net Sales ¥3,596 million (YoY -16.2%) / Operating profit ¥887 million (YoY -33.1%) |
| Breakdown of Factors Affecting the Change | Operating profit Rationalization 2,302 / Reduction in fixed costs 632 / Decrease in depreciation and amortization 371 / Foreign Exchange Effects 35 / Model mix differences, etc. -1,680 / Impact of lower revenue -933 / Increase in variable costs -853 |
| Assumptions Underlying the Business Outlook | US dollar exchange rate Actual results for the fiscal year ending March 2026 ¥149.78 / Forecast for the fiscal year ending March 2027 ¥155 |
| Annual Dividend | Fiscal year ending March 2026 ¥30 per share / Forecast for the fiscal year ending March 2027 ¥25 per share / Interim and Year-End Breakdown Fiscal year ending March 2026 Interim 10 / End of period 20 / Forecast for the fiscal year ending March 2027 Interim 12.5 / End of period 12.5 |
| Capital expenditures | ¥3,746 million |
| Key points of the Q&A | One-off factors: explanation of the reversal of the allowance for doubtful accounts in Japan, compensation related to the cancellation of new vehicle development in North America, the reversal of the product warranty provision, gains on the sale of investment securities and impairment losses., Tariff costs: partial recovery has progressed, but the full amount has not been recovered; an agreement is expected during the fiscal year ending March 2027., Variance from the forecast: revenue was broadly in line with the forecast, while profit items exceeded the forecast due to foreign exchange movements and one-off factors., Medium-term management plan: publication of the Seventh Medium-Term Management Plan will be postponed because it is difficult to formulate reasonable and reliable medium- to long-term forecasts., EV strategy and the situation in the Middle East: although it is difficult to reasonably estimate the amount of the impact, the company aims to minimize the impact through discussions and a flexible response. |
| New initiatives | New adoption of 2 safety components in the Nissan N6, 5 components adopted in the Nissan Sentra, including 2 newly adopted components, Exhibition at the Automotive Engineering Exposition 2026, Proposals for the next-generation NCON II steering wheel and multifunction console, Nondestructive inspection through the introduction of an X-ray CT system |
Items this document does not state (13)
Results for the three months of the current quarterProgress against full-year forecastKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / Share
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 fiscal year ended March 2026, the negative effects of lower revenue, higher variable costs and model mix differences could not be fully offset by rationalization and lower fixed costs, resulting in a decline in operating profit. For the fiscal year ending March 2027, higher fixed costs, variable costs and depreciation are expected to weigh on operating profit, while the effects of higher revenue, rationalization and model mix differences are also anticipated.
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.