Komori
Earnings presentation7296F.C.C.CO.,LTD.Automobiles & Transportation Equipment

Financial Results Presentation Materials for the Second Quarter of the Fiscal Year Ending March 2027

The first six months of fiscal 2026 saw higher revenue and profit, driven by increased sales of motorcycles in India and four-wheel vehicles in North America. The full-year forecasts for revenue and operating profit were revised upward, while net income attributable to owners of the parent is expected to fall below the previous forecast.

Worth reading
66In focus
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
15000
¥ millions (increase in revenue from the forecast announced on 4 August)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥147,394 million+16.6%
Operating profit¥14,267 million+40.8%
Net income12,262 Millions of yen +36.8%profit for the interim period attributable to owners of the parent
Operating profit margin9.7 %
Full-year earnings forecast
Revenue
¥280,000 million
Operating profit
¥23,500 million
Profit before tax
¥25,500 million
Profit for the period attributable to owners of the parent
¥18,000 million
Basic earnings per share
377.4 Yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Changes in sales volume and product mix¥4,927 million
  • Foreign exchange impact¥1,349 million
  • Lower depreciation expense burden¥234 million
  • Other¥407 million
  • Impact of the situation in the Middle East¥-1,964 million
  • Increase in R&D Expenses¥-719 million
  • Increase in other SG&A expenses¥-70 million
  • Impact of U.S. tariffs¥-32 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • ¥154.69 /US$
    AssumptionUS dollar exchange rate (full-year fiscal 2026 outlook)
  • ¥8.9 /Mexican peso
    AssumptionMexican peso exchange rate
  • ¥4.68 /Thai baht
    AssumptionThai baht exchange rate
  • ¥1.63 /Indian rupee
    AssumptionIndian rupee exchange rate
New initiatives
  • Mass production and expansion of FCC e-Axle for DatBike
  • Expansion of motor cores and e-Axles from India and Vietnam into ASEAN
  • Development of the connected services business
  • Development of laminated motor cores and thermal management products for four-wheel EV/CASE applications
  • Expansion of sales of clutch components and peripheral components for laminated motor cores to Chinese OEMs
  • Entry into the decarbonization, battery and semiconductor-related markets in the environmental energy field
Key KPIsA metric the company considers important as a management benchmark.
  • Share of the Indian motorcycle clutch market73 %
  • Expected number of DatBike ERA orders40,000 Units fiscal 2026
  • Indian motorcycle production base7 sites
  • Indian functional base3 sites
Segment results
  • Motorcycle business
    Revenue¥72,453 million (YoY +22.6%)
    Operating profit¥7,842 million
  • Four-Wheel Vehicle Business
    Revenue¥74,868 million (YoY +11.3%)
    Operating profit¥8,056 million
  • Environmental Energy Business
    Revenue¥73 million
    Operating profit¥-1,630 million
Medium-term management plan targets
  • TargetGrowth Investment
    Target value¥800 100 million
    Target fiscal yearFive-year plan
  • TargetInvestment in core businesses
    Target value¥600 100 million
    Target fiscal yearFive-year plan
  • TargetIndian four-wheeler market size
    Target value600 Tens of thousands of vehicles
    Target fiscal year2030
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
  • ¥-3,300 million
    DetailsImpact of the situation in the Middle East (fiscal 2026 outlook)
  • ¥-1,100 million
    DetailsImpact of US tariffs (fiscal 2026 outlook)
Market Size / Share
  • Share of the Indian motorcycle clutch market73 %
  • Indian four-wheeler market size600 Tens of thousands of vehicles 2030
  • Share of AT, CVT, HEV and BEV vehicles in new vehicle sales in India20 % 2025
  • Share of AT, CVT, HEV and BEV vehicles in new vehicle sales in India50 % forecast for 2030
Capital expenditures
¥7,295 million first half
Annual Dividend
Annual dividend per share190 Yen
Interim95 Yen
End of period95 Yen
Payout ratio
50
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥147,394 million (YoY +16.6%)
Operating profit¥14,267 million (YoY +40.8%)
Net income12,262 Millions of yen (profit for the interim period attributable to owners of the parent) (YoY +36.8%)
Operating profit margin9.7 %
Full-year earnings forecastRevenue ¥280,000 million / Operating profit ¥23,500 million / Profit before tax ¥25,500 million / Profit for the period attributable to owners of the parent ¥18,000 million / Basic earnings per share 377.4 Yen
Segment resultsSegment Motorcycle business / Revenue ¥72,453 million (YoY +22.6%) / Operating profit ¥7,842 million, Segment Four-Wheel Vehicle Business / Revenue ¥74,868 million (YoY +11.3%) / Operating profit ¥8,056 million, Segment Environmental Energy Business / Revenue ¥73 million / Operating profit ¥-1,630 million
Breakdown of Factors Affecting the ChangeFactors Changes in sales volume and product mix / Amount ¥4,927 million, Factors Foreign exchange impact / Amount ¥1,349 million, Factors Lower depreciation expense burden / Amount ¥234 million, Factors Other / Amount ¥407 million, Factors Impact of the situation in the Middle East / Amount ¥-1,964 million, Factors Increase in R&D Expenses / Amount ¥-719 million, Factors Increase in other SG&A expenses / Amount ¥-70 million, Factors Impact of U.S. tariffs / Amount ¥-32 million
Key KPIsIndicator name Share of the Indian motorcycle clutch market / Value 73 % / Year on year against the same period last year Not disclosed, Indicator name Expected number of DatBike ERA orders / Value 40,000 Units (fiscal 2026) / Year on year against the same period last year Not disclosed, Indicator name Indian motorcycle production base / Value 7 sites / Year on year against the same period last year Not disclosed, Indicator name Indian functional base / Value 3 sites / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookAssumption US dollar exchange rate (full-year fiscal 2026 outlook) / Value ¥154.69 /US$, Assumption Mexican peso exchange rate / Value ¥8.9 /Mexican peso, Assumption Thai baht exchange rate / Value ¥4.68 /Thai baht, Assumption Indian rupee exchange rate / Value ¥1.63 /Indian rupee
Risk amount incorporated into the outlookDetails Impact of the situation in the Middle East (fiscal 2026 outlook) / Amount ¥-3,300 million, Details Impact of US tariffs (fiscal 2026 outlook) / Amount ¥-1,100 million
Medium-term management plan targetsTarget Growth Investment / Target value ¥800 100 million / Target fiscal year Five-year plan, Target Investment in core businesses / Target value ¥600 100 million / Target fiscal year Five-year plan, Target Indian four-wheeler market size / Target value 600 Tens of thousands of vehicles / Target fiscal year 2030 Tens of thousands of vehicles
Annual DividendAnnual dividend per share 190 Yen / Interim 95 Yen / End of period 95 Yen
Payout ratio50
Capital expenditures¥7,295 million (first half)
Market Size / ShareItem Share of the Indian motorcycle clutch market / Value 73 %, Item Indian four-wheeler market size / Value 600 Tens of thousands of vehicles (2030), Item Share of AT, CVT, HEV and BEV vehicles in new vehicle sales in India / Value 20 % (2025), Item Share of AT, CVT, HEV and BEV vehicles in new vehicle sales in India / Value 50 % (forecast for 2030)
New initiativesMass production and expansion of FCC e-Axle for DatBike, Expansion of motor cores and e-Axles from India and Vietnam into ASEAN, Development of the connected services business, Development of laminated motor cores and thermal management products for four-wheel EV/CASE applications, Expansion of sales of clutch components and peripheral components for laminated motor cores to Chinese OEMs, Entry into the decarbonization, battery and semiconductor-related markets in the environmental energy field
Items this document does not state (13)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesFinancial targetsAcquisition of treasury sharesOrders 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.

Full-year revenue and operating profit were revised upward due to increased sales of clutches for motorcycles and four-wheel vehicles in North America. The impact of the situation in the Middle East and higher research and development expenses were cited as factors weighing on profit.

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.
Financial Results Presentation Materials for the Second Quarter of the Fiscal Year Ending March 2027 | F.C.C.CO.,LTD. (7296) timely disclosure | Komori