Worth reading
48Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
3800
¥ millionWording
Conditional
How definitive the wording is.Results for this period
First quarter2024年1月1日〜2024年3月31日ConsolidatedJapanese GAAPNet Sales100,557¥ millionYear on year -20.2%Progress 23.9%
Operating profit13,421¥ millionYear on year -52.1%Progress 23.6%
Ordinary income28,852¥ millionYear on year +0.9%Progress 33.2%
Net income attributable to owners of the parent23,687¥ millionYear on year +17.2%Progress 35.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share263.69円
Financial position at period-end
Total assets908,758¥ million
of which net assets 836,781 ¥ millionEquity ratio 91.9%vs. prior year-end 0.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueBicycle components ¥76,090 million (YoY -22.6%), Fishing tackle ¥24,369 million (YoY -11.9%), Other ¥97 million (YoY -5.4%)
Segment profitBicycle components ¥10,471 million (YoY -52.7%), Fishing tackle ¥2,961 million (YoY -49.8%), Other ¥-11 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥420,000 million (YoY -11.5%)
Operating profit¥56,800 million (YoY -32.1%)
Ordinary income¥86,800 million (YoY -16.0%)
Net income¥66,300 million (YoY +8.4%)
Revision to Earnings Forecast2Q cumulative Net Sales 190,000 / Operating profit 18,000 / Ordinary income 28,000 / Net income 21,000 / Full year Net Sales 420,000 / Operating profit 53,000 / Ordinary income 73,000 / Net income 54,000 → 2Q cumulative Net Sales 190,000 / Operating profit 21,800 / Ordinary income 41,800 / Net income 33,300 / Full year Net Sales 420,000 / Operating profit 56,800 / Ordinary income 86,800 / Net income 66,300（2Q cumulative Net Sales 0 / Operating profit 21.1 / Ordinary income 49.3 / Net income 58.6 / Full year Net Sales 0 / Operating profit 7.2 / Ordinary income 18.9 / Net income 22.8）
Annual Dividend Forecast¥285 → ¥285（0.0%）
Factors Behind Changes in Business Performance
世界的な金融引き締め、ウクライナ・中東情勢、中国経済の回復鈍化、個人消費の低迷などにより自転車・釣具需要が弱含み、市場在庫も高水準で推移した。
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidation重要な子会社の異動は無。新規・除外の会社数と社名はNot disclosed
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Costs related to rebuilding a factory ¥60 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End89,822,000
Treasury Shares at Period-End56,057
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2024年1月1日〜2024年3月31日 |
| Net Sales | ¥100,557 million (YoY -20.2%) |
| Operating profit | ¥13,421 million (YoY -52.1%) |
| Ordinary income | ¥28,852 million (YoY +0.9%) |
| Profit attributable to owners of the parent | ¥23,687 million (YoY +17.2%) |
| Net income per share | 263.69円 |
| Equity ratio | End of the current fiscal period 91.9 / End of previous period 91.9 |
| Total assets | ¥908,758 million |
| Net assets | ¥836,781 million |
| Full-year earnings forecast | Net Sales ¥420,000 million (YoY -11.5%) / Operating profit ¥56,800 million (YoY -32.1%) / Ordinary income ¥86,800 million (YoY -16.0%) / Net income ¥66,300 million (YoY +8.4%) |
| Revision to Earnings Forecast | 2Q cumulative Net Sales 190,000 / Operating profit 18,000 / Ordinary income 28,000 / Net income 21,000 / Full year Net Sales 420,000 / Operating profit 53,000 / Ordinary income 73,000 / Net income 54,000 → 2Q cumulative Net Sales 190,000 / Operating profit 21,800 / Ordinary income 41,800 / Net income 33,300 / Full year Net Sales 420,000 / Operating profit 56,800 / Ordinary income 86,800 / Net income 66,300（2Q cumulative Net Sales 0 / Operating profit 21.1 / Ordinary income 49.3 / Net income 58.6 / Full year Net Sales 0 / Operating profit 7.2 / Ordinary income 18.9 / Net income 22.8） |
| Annual Dividend Forecast | ¥285 → ¥285（0.0%） |
| Segment revenue | Bicycle components ¥76,090 million (YoY -22.6%), Fishing tackle ¥24,369 million (YoY -11.9%), Other ¥97 million (YoY -5.4%) |
| Segment profit | Bicycle components ¥10,471 million (YoY -52.7%), Fishing tackle ¥2,961 million (YoY -49.8%), Other ¥-11 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Costs related to rebuilding a factory ¥60 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | 重要な子会社の異動は無。新規・除外の会社数と社名はNot disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 89,822,000 |
| Treasury Shares at Period-End | 56,057 |
| Factors Behind Changes in Business Performance | 世界的な金融引き締め、ウクライナ・中東情勢、中国経済の回復鈍化、個人消費の低迷などにより自転車・釣具需要が弱含み、市場在庫も高水準で推移した。 |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationImpairment lossMaterial subsequent events
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.市場在庫が高水準で先行き不透明な状況が続く一方、ドル高に伴うアジア通貨安による営業外収益、中国市場でのロードバイク人気、第2四半期に計画していた販売の一部前倒し、売上原価率の改善による売上総利益の増加を踏まえた。
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.