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How definitive the wording is.Contents of this document
Financial results presentationSecond quarter (interim period) of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales60,106 Millions of yen+7.1%
Operating profit1,130 Millions of yen+6.6%
Ordinary income699 Millions of yen-18.4%
Net income363 Millions of yen-67.6%
Gross Profit Margin10.1
Operating profit margin1.9
Selling, general and administrative expenses4,937 Millions of yen
Full-year earnings forecast
Net Sales
118,000 Millions of yen
Operating profit
2,400 Millions of yen
Ordinary income
2,000 Millions of yen
Net income
1,600 Millions of yen
Earnings per share
84.75 Yen
Capital expenditures
4,800 Millions of yen
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- One-off factors: No new one-off factors with a material impact on results arose in the second quarter.
- Tariff cost recovery: There was no significant progress in recovering these costs in the second quarter, which weighed on profit, but the easing measures on tariffs by the U.S. government are expected to limit the emergence of new costs from the third quarter onward. The company is coordinating for early recovery of past costs.
- Medium-term management plan: The timing of the announcement of the Seventh Medium-Term Management Plan has not been decided at this time. The company plans to announce it after assessing automakers' strategy reviews and changes in the business environment in the Chinese market.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Impact of higher revenue256
Rationalization936
Decrease in depreciation and amortization65
Decrease in variable costs43
Model mix differences, etc.-940
Increase in fixed costs-264
Foreign exchange impact-26
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
US dollar exchange rate
155 Yen
New initiatives
- New adoption of 26 safety and interior/exterior resin parts for the Nissan Kicks
- Adoption of 21 interior and exterior resin parts for the Nissan ELGRAND, including 8 newly adopted parts
- Rollout of the jointly developed TailorFit Steering wheel product with Achilles Corporation and receipt of the Global Innovation Award
Segment results
Japan
Net Sales
22,513 Millions of yen+12.6%
Operating profit
1,241 Millions of yen
North America
Net Sales
32,533 Millions of yen+9.4%
Operating profit
137 Millions of yen
China
Net Sales
3,587 Millions of yen-21.0%
Operating profit
-604 Millions of yen
Asia
Net Sales
1,471 Millions of yen-21.8%
Operating profit
390 Millions of yen
Financial targets
Equity ratio
Actual value45.5 %
Capital expenditures
1,978 Millions of yen
Annual Dividend
¥25 per share
Interim12.5
End of period12.5
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | 60,106 Millions of yen (YoY +7.1%) |
| Operating profit | 1,130 Millions of yen (YoY +6.6%) |
| Ordinary income | 699 Millions of yen (YoY -18.4%) |
| Net income | 363 Millions of yen (YoY -67.6%) |
| Gross Profit Margin | 10.1 |
| Operating profit margin | 1.9 |
| Selling, general and administrative expenses | 4,937 Millions of yen |
| Full-year earnings forecast | Net Sales 118,000 Millions of yen / Operating profit 2,400 Millions of yen / Ordinary income 2,000 Millions of yen / Net income 1,600 Millions of yen / Earnings per share 84.75 Yen / Capital expenditures 4,800 Millions of yen |
| Segment results | Japan Net Sales 22,513 Millions of yen (YoY +12.6%) / Operating profit 1,241 Millions of yen / North America Net Sales 32,533 Millions of yen (YoY +9.4%) / Operating profit 137 Millions of yen / China Net Sales 3,587 Millions of yen (YoY -21.0%) / Operating profit -604 Millions of yen / Asia Net Sales 1,471 Millions of yen (YoY -21.8%) / Operating profit 390 Millions of yen |
| Breakdown of Factors Affecting the Change | Operating profit Impact of higher revenue 256 / Rationalization 936 / Decrease in depreciation and amortization 65 / Decrease in variable costs 43 / Model mix differences, etc. -940 / Increase in fixed costs -264 / Foreign exchange impact -26 |
| Assumptions Underlying the Business Outlook | US dollar exchange rate 155 Yen |
| Financial targets | Equity ratio Actual value 45.5 % |
| Annual Dividend | ¥25 per share |
| Capital expenditures | 1,978 Millions of yen |
| Key points of the Q&A | One-off factors: No new one-off factors with a material impact on results arose in the second quarter., Tariff cost recovery: There was no significant progress in recovering these costs in the second quarter, which weighed on profit, but the easing measures on tariffs by the U.S. government are expected to limit the emergence of new costs from the third quarter onward. The company is coordinating for early recovery of past costs., Medium-term management plan: The timing of the announcement of the Seventh Medium-Term Management Plan has not been decided at this time. The company plans to announce it after assessing automakers' strategy reviews and changes in the business environment in the Chinese market. |
| New initiatives | New adoption of 26 safety and interior/exterior resin parts for the Nissan Kicks, Adoption of 21 interior and exterior resin parts for the Nissan ELGRAND, including 8 newly adopted parts, Rollout of the jointly developed TailorFit Steering wheel product with Achilles Corporation and receipt of the Global Innovation Award |
Items this document does not state (13)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan 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.Revenue increased due to higher production of existing vehicle models in Japan and North America, sales price revisions and foreign exchange effects. Operating profit increased as the benefit of higher revenue and rationalization outweighed the impact of differences in the vehicle mix, higher fixed costs, increased tariff costs, higher wages and revenue declines. The materials do not specify the individual factors behind the declines in ordinary profit and interim net income.
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