Worth reading
50Recurring
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
30000
¥ million (increase in full-year revenue forecast)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)2024年1月1日〜2024年6月30日ConsolidatedJapanese GAAPNet Sales216,887¥ millionYear on year -17.6%Progress 48.2%
Operating profit30,955¥ millionYear on year -42.6%Progress 46.9%
Ordinary income55,625¥ millionYear on year -18.7%Progress 55.6%
Net income attributable to owners of the parent43,704¥ millionYear on year -13.2%
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 share487.49円
Financial position at period-end
Total assets961,480¥ million
of which net assets 882,590 ¥ millionEquity ratio 91.7%vs. prior year-end -0.2pt
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.
Cash inflows and outflows
Operating+52,458
Investment-15,845
Financials-29,393
Net change+7,220
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥544,353 million
Segment revenueBicycle components ¥162,594 million (YoY -20.7%), Fishing tackle ¥54,069 million (YoY -6.8%), Other ¥222 million (YoY -5.6%)
Segment profitBicycle components ¥24,328 million (YoY -42.2%), Fishing tackle ¥6,651 million (YoY -43.8%), Other ¥-24 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥450,000 million (YoY -5.1%)
Operating profit¥66,000 million (YoY -21.1%)
Ordinary income¥100,000 million (YoY -3.3%)
Profit attributable to owners of parent¥77,000 million (YoY +25.9%)
Revision to Earnings ForecastNet Sales ¥420,000 million → ¥450,000 million（+7.1%） / Operating profit ¥56,800 million → ¥66,000 million（+16.2%） / Ordinary income ¥86,800 million → ¥100,000 million（+15.2%） / Profit attributable to owners of parent ¥66,300 million → ¥77,000 million（+16.1%）
Annual Dividend Forecast¥285 per share → ¥309 per share
Shareholder Return Policy安定的な配当の維持・継続と、業績の進展に応じた成果の配分を基本方針とする。数値目標はNot disclosed。
Factors Behind Changes in Business Performance
自転車、釣具への需要が引き続き弱含み。完成車の需給調整や世界的な市場在庫の高止まり、欧州市場の天候不順、中国経済の停滞などが業績の下押し要因となった。一方、中国市場ではロードバイクを中心とするスポーツバイク人気の継続により販売が好調に推移した。
Disclosure regarding the going concern assumption
No applicable matters (There are 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 consolidationNew 0 companies / Excluded 0 companies / Company name None
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Costs related to rebuilding a factory ¥63 million
Depreciation and amortization¥12,645 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (participants not specified)
Issued Shares at Period-End89,822,000株
Treasury Shares at Period-End495,764株
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2024年1月1日〜2024年6月30日 |
| Net Sales | ¥216,887 million (YoY -17.6%) |
| Operating profit | ¥30,955 million (YoY -42.6%) |
| Ordinary income | ¥55,625 million (YoY -18.7%) |
| Profit attributable to owners of the parent | ¥43,704 million (YoY -13.2%) |
| Net income per share | 487.49円 |
| Equity ratio | End of the current fiscal period 91.7 / End of previous period 91.9 |
| Total assets | ¥961,480 million |
| Net assets | ¥882,590 million |
| Cash flows from operating activities | ¥52,458 million |
| Cash flows from investing activities | ¥-15,845 million |
| Cash flows from financing activities | ¥-29,393 million |
| Cash and cash equivalents at end of period | ¥544,353 million |
| Full-year earnings forecast | Net Sales ¥450,000 million (YoY -5.1%) / Operating profit ¥66,000 million (YoY -21.1%) / Ordinary income ¥100,000 million (YoY -3.3%) / Profit attributable to owners of parent ¥77,000 million (YoY +25.9%) |
| Revision to Earnings Forecast | Net Sales ¥420,000 million → ¥450,000 million（+7.1%） / Operating profit ¥56,800 million → ¥66,000 million（+16.2%） / Ordinary income ¥86,800 million → ¥100,000 million（+15.2%） / Profit attributable to owners of parent ¥66,300 million → ¥77,000 million（+16.1%） |
| Annual Dividend Forecast | ¥285 per share → ¥309 per share |
| Shareholder Return Policy | 安定的な配当の維持・継続と、業績の進展に応じた成果の配分を基本方針とする。数値目標はNot disclosed。 |
| Segment revenue | Bicycle components ¥162,594 million (YoY -20.7%), Fishing tackle ¥54,069 million (YoY -6.8%), Other ¥222 million (YoY -5.6%) |
| Segment profit | Bicycle components ¥24,328 million (YoY -42.2%), Fishing tackle ¥6,651 million (YoY -43.8%), Other ¥-24 million |
| Depreciation and amortization | ¥12,645 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Costs related to rebuilding a factory ¥63 million |
| Disclosure regarding the going concern assumption | No applicable matters (There are 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 | New 0 companies / Excluded 0 companies / Company name None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (participants not specified) |
| Issued Shares at Period-End | 89,822,000株 |
| Treasury Shares at Period-End | 495,764株 |
| Factors Behind Changes in Business Performance | 自転車、釣具への需要が引き続き弱含み。完成車の需給調整や世界的な市場在庫の高止まり、欧州市場の天候不順、中国経済の停滞などが業績の下押し要因となった。一方、中国市場ではロードバイクを中心とするスポーツバイク人気の継続により販売が好調に推移した。 |
Items this document does not state (6)
Operating MarginPayout ratioRegional salesOrders received and order backlogImpairment 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.中国市場でロードバイクを中心とするスポーツバイク人気が続き、販売が好調で第2四半期の業績が前回予想を上回った。一方、市場在庫が高水準で、欧州市場では春商戦の天候不順により在庫滞留の解消遅れが見込まれるなど、先行き不透明な状況が続くとしている。配当については、株主還元の一層の強化、財務状況および通期業績予想を踏まえたとしている。
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.