Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 13 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
First-quarter results for the fiscal year ending March 2027 exceeded the initial plan, due to increased sales of motorcycle clutches in India and automotive clutches in North America, as well as the positive impact of foreign exchange movements on earnings. The dividend forecast was revised based on the higher of the two dividend targets: a 50% payout ratio or a 3.5% dividend-on-equity ratio (DOE).
| Item | Details |
|---|---|
| Net Sales | Cumulative second-quarter results 131,000 / Full year 260,000 → Cumulative second-quarter results 136,000 / Full year 265,000（Cumulative second-quarter results 3.8 / Full year 1.9） |
| Operating profit | Cumulative second-quarter results 10,000 / Full year 20,000 → Cumulative second-quarter results 12,000 / Full year 22,000（Cumulative second-quarter results 20 / Full year 10） |
| Profit attributable to owners of the parent | Cumulative second-quarter results 7,400 / Full year 15,000 → Cumulative second-quarter results 9,400 / Full year 17,000（Cumulative second-quarter results 27 / Full year 13.3） |
| Net income per share | Cumulative second-quarter results 157.53 / Full year 315.05 → Cumulative second-quarter results 196.07 / Full year 356.43 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 13 May 2026 |
| Previous-period results | Second quarter (interim period): revenue of ¥126,375 million, operating profit of ¥10,135 million, profit before tax of ¥11,055 million, interim profit attributable to owners of the parent of ¥8,965 million, and basic interim earnings per share of ¥185.13. Full year: revenue of ¥260,836 million, operating profit of ¥18,927 million, profit before tax of ¥21,567 million, profit for the period attributable to owners of the parent of ¥18,760 million, and basic earnings per share of ¥387.36. |
| Reason for the revision | First-quarter results for the fiscal year ending March 2027 exceeded the initial plan, due to increased sales of motorcycle clutches in India and automotive clutches in North America, as well as the positive impact of foreign exchange movements on earnings. The dividend forecast was revised based on the higher of the two dividend targets: a 50% payout ratio or a 3.5% dividend-on-equity ratio (DOE). |
| Dividend forecast revision | The dividend per share forecast has been revised from ¥80.00 to ¥90.00 for the end of the second quarter, from ¥80.00 to ¥90.00 for the year-end dividend, and from ¥160.00 to ¥180.00 for the annual total. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.First-quarter results for the fiscal year ending March 2027 exceeded the initial plan, due to increased sales of motorcycle clutches in India and automotive clutches in North America, as well as the positive impact of foreign exchange movements on earnings. The dividend forecast was revised based on the higher of the two dividend targets: a 50% payout ratio or a 3.5% dividend-on-equity ratio (DOE).