Worth reading
59In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-24000
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Interim period (second quarter)2025年1月1日〜2025年6月30日ConsolidatedJapanese GAAPNet Sales237,409¥ millionYear on year +9.5%Progress 51.6%
Operating profit28,123¥ millionYear on year -9.2%Progress 61.1%
Ordinary income14,038¥ millionYear on year -74.8%Progress 28.5%
Net income attributable to owners of the parent3,961¥ millionYear on year -90.9%Progress 13.0%
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 share44.90
Financial position at period-end
Total assets903,793¥ million
of which net assets 826,763 ¥ millionEquity ratio 91.4%vs. prior year-end -0.6pt
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+31,512
Investment-26,720
Financials-44,503
Net change-39,711
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¥458,743 million
Segment revenueBicycle components ¥181,424 million (YoY +11.6%), Fishing tackle ¥55,751 million (YoY +3.1%), Other ¥233 million (YoY +4.9%)
Segment profitBicycle components ¥23,631 million (YoY -2.9%), Fishing tackle ¥4,493 million (YoY -32.4%), Other ¥-1 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥460,000 million (YoY +2.0%)
Operating profit¥46,000 million (YoY -29.3%)
Ordinary income¥49,300 million (YoY -50.0%)
Net income¥30,500 million (YoY -60.0%)
Revision to Earnings ForecastNet Sales ¥470,000 million → ¥460,000 million（-2.1%） / Operating profit ¥70,000 million → ¥46,000 million（-34.3%） / Ordinary income ¥88,250 million → ¥49,300 million（-44.1%） / Net income ¥63,800 million → ¥30,500 million（-52.2%）
Annual Dividend Forecast¥309 per share → ¥339 per share
Shareholder Return Policy総還元性向50％を下限の目安
Factors Behind Changes in Business Performance
自転車・釣具への関心は継続したが、自転車部品では市場在庫が一部地域で高めに推移し在庫調整が継続、釣具では販売が弱含みで推移した。利益面では諸経費の上昇や為替評価損等が影響した。
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Yes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 ¥20 million
Depreciation and amortization¥13,087 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (対象者：Not disclosed)
Issued Shares at Period-End87,710,000
Treasury Shares at Period-End58,741
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2025年1月1日〜2025年6月30日 |
| Net Sales | ¥237,409 million (YoY +9.5%) |
| Operating profit | ¥28,123 million (YoY -9.2%) |
| Ordinary income | ¥14,038 million (YoY -74.8%) |
| Profit attributable to owners of the parent | ¥3,961 million (YoY -90.9%) |
| Net income per share | 44.90 |
| Equity ratio | End of the current fiscal period 91.4 / End of previous period 92 |
| Total assets | ¥903,793 million |
| Net assets | ¥826,763 million |
| Cash flows from operating activities | ¥31,512 million |
| Cash flows from investing activities | ¥-26,720 million |
| Cash flows from financing activities | ¥-44,503 million |
| Cash and cash equivalents at end of period | ¥458,743 million |
| Full-year earnings forecast | Net Sales ¥460,000 million (YoY +2.0%) / Operating profit ¥46,000 million (YoY -29.3%) / Ordinary income ¥49,300 million (YoY -50.0%) / Net income ¥30,500 million (YoY -60.0%) |
| Revision to Earnings Forecast | Net Sales ¥470,000 million → ¥460,000 million（-2.1%） / Operating profit ¥70,000 million → ¥46,000 million（-34.3%） / Ordinary income ¥88,250 million → ¥49,300 million（-44.1%） / Net income ¥63,800 million → ¥30,500 million（-52.2%） |
| Annual Dividend Forecast | ¥309 per share → ¥339 per share |
| Shareholder Return Policy | 総還元性向50％を下限の目安 |
| Segment revenue | Bicycle components ¥181,424 million (YoY +11.6%), Fishing tackle ¥55,751 million (YoY +3.1%), Other ¥233 million (YoY +4.9%) |
| Segment profit | Bicycle components ¥23,631 million (YoY -2.9%), Fishing tackle ¥4,493 million (YoY -32.4%), Other ¥-1 million |
| Depreciation and amortization | ¥13,087 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Costs related to rebuilding a factory ¥20 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards Yes / 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 | Held (対象者：Not disclosed) |
| Issued Shares at Period-End | 87,710,000 |
| Treasury Shares at Period-End | 58,741 |
| Factors Behind Changes in Business Performance | 自転車・釣具への関心は継続したが、自転車部品では市場在庫が一部地域で高めに推移し在庫調整が継続、釣具では販売が弱含みで推移した。利益面では諸経費の上昇や為替評価損等が影響した。 |
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.中国市場等での在庫調整が継続する見込みであること、工場の生産調整局面における諸経費の上昇による利益率の低下が見込まれること、ドル安の進行に伴うアジア通貨高の影響による為替評価損等の営業外費用が増加したこと。
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.