Komori
Earnings presentation7409AeroEdge Co.,LtdAutomobiles & Transportation Equipment

Supplementary Materials for the First Quarter of the Fiscal Year Ending June 2027

In the first quarter of the fiscal year ending June 2027, revenue and operating profit increased due to the consolidation of オノプラント and the start of sales of B aircraft engine parts, reaching record highs for a first quarter. Net income, however, remained at approximately the previous year's level due to interest expense, foreign exchange losses and other factors, and the full-year forecast was unchanged.

Worth reading
63In 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
38.1
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings summaryFirst quarter of the fiscal year ending June 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,597 Millions of yen+38.1%
Operating profit284 Millions of yen+15.8%
Ordinary income241 Millions of yen+4.6%
Net income156 Millions of yen-0.2%
Gross Profit Margin36
Operating profit margin17.8
Selling, general and administrative expenses291 Millions of yen
Results for the three months of the current quarterRevenue: ¥1,597 million; gross profit: ¥575 million; operating profit: ¥284 million; ordinary profit: ¥241 million; net income: ¥156 million; EBITDA: ¥460 million. All figures are for the standalone first quarter of the fiscal year ending June 2027.
Full-year earnings forecast
Net Sales
7,950 Millions of yen
Operating profit
1,550 Millions of yen
Ordinary income
1,441 Millions of yen
Net income
960 Millions of yen
EBITDA
2,381 Millions of yen
Sales volume
1,084 Installed engine units
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales20.1
Operating profit18.3
Ordinary income16.8
Net income16.3
EBITDA19.3
Depreciation and amortization20.9
Sales volume19.5
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The first quarter is tracking slightly ahead of the full-year forecast.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors increasing revenue: consolidation of オノプラント and the start of sales of aircraft engine parts for B. Factors increasing operating profit: higher contribution profit from increased sales and the weaker yen. Factors decreasing operating profit: higher personnel expenses for new materials and new projects, higher depreciation associated with capital expenditures, and higher costs driven by inflation and other factors. Factors negatively affecting net income: higher interest expense associated with increased borrowings and a deterioration in foreign exchange gains and losses. Amounts by factor: Not disclosed.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average translated FX rate152 Yen/US dollar
Aircraft production rate
737MAXStabilisation at 47 aircraft per month, with an increase to 52 aircraft per month planned for the second half of 2027
A320neo familyAiming for 70–75 aircraft per month by the end of 2027, followed by stabilisation at 75 aircraft per month
LEAP units delivered
2026More than 2,100 units
20282,600
2030Approximately 3,000 units
New initiatives
  • Promoting business and administrative coordination with オノプラント
  • Responding to increased production of aluminum airframe parts at オノプラント
  • Entering the titanium airframe parts market and making phased capital investments
  • Considering how to respond to a request for additional production increases for Project B
  • Conducting an employee engagement survey
  • Initiatives to reduce CO2 emissions
Key KPIsA metric the company considers important as a management benchmark.
  • LEAP engine deliveries535 Installed engine units
    Year on year against the same period last year+4.7%
  • Titanium aluminide blade sales volume211 Engine-equivalent units
    Year on year against the same period last year-3.2%
  • オノプラント revenue300 Millions of yen
  • Overall employee engagement score3.92 Out of 5
    Year on year against the same period last year+0.1%
  • Score for alignment with the company's philosophy4.24 Out of 5
    Year on year against the same period last year+0.1%
  • Score for willingness to contribute to the organisation4.07 Out of 5
    Year on year against the same period last year+0.1%
  • CO2 emissions intensity0.69 t-CO2 / ¥ million of revenue
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Titanium aluminide blade sales volume: 211 engine-equivalent units; LEAP engine deliveries: 535 units. Sales volume is disclosed by quantity only; unit price: Not disclosed.
Financial targets
Target net debt-to-equity ratio1.5 Times
Actual equity ratio43.4 Times
Equity ratio unit%
Market Size / Share
Backlog of 7,537 A320neo-family aircraft and 5,429 737 MAX aircraft. The company's share of the titanium aluminide blade market is 40%, planned to change from 40% to the high-40% range from January 2028.
Orders received and order backlog
Aircraft backlog by aircraft type: 7,537 A320neo-family aircraft, 5,429 737 MAX aircraft and 1,228 Boeing 787 aircraft, among others. Order value: Not disclosed.
Number of employees
Number of Employees321 people
Capital expenditures
Approximately ¥2.4 billion, approximately ¥2.6 billion, approximately ¥1.7 billion and approximately ¥1.9 billion, among others
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings summary
Fiscal Period CoveredFirst quarter of the fiscal year ending June 2027
Net Sales1,597 Millions of yen (YoY +38.1%)
Operating profit284 Millions of yen (YoY +15.8%)
Ordinary income241 Millions of yen (YoY +4.6%)
Net income156 Millions of yen (YoY -0.2%)
Gross Profit Margin36
Operating profit margin17.8
Selling, general and administrative expenses291 Millions of yen
Results for the three months of the current quarterRevenue: ¥1,597 million; gross profit: ¥575 million; operating profit: ¥284 million; ordinary profit: ¥241 million; net income: ¥156 million; EBITDA: ¥460 million. All figures are for the standalone first quarter of the fiscal year ending June 2027.
Full-year earnings forecastNet Sales 7,950 Millions of yen / Operating profit 1,550 Millions of yen / Ordinary income 1,441 Millions of yen / Net income 960 Millions of yen / EBITDA 2,381 Millions of yen / Sales volume 1,084 Installed engine units
Progress against full-year forecastNet Sales 20.1 / Operating profit 18.3 / Ordinary income 16.8 / Net income 16.3 / EBITDA 19.3 / Depreciation and amortization 20.9 / Sales volume 19.5
Self-assessment against the planThe first quarter is tracking slightly ahead of the full-year forecast.
Breakdown of Factors Affecting the ChangeFactors increasing revenue: consolidation of オノプラント and the start of sales of aircraft engine parts for B. Factors increasing operating profit: higher contribution profit from increased sales and the weaker yen. Factors decreasing operating profit: higher personnel expenses for new materials and new projects, higher depreciation associated with capital expenditures, and higher costs driven by inflation and other factors. Factors negatively affecting net income: higher interest expense associated with increased borrowings and a deterioration in foreign exchange gains and losses. Amounts by factor: Not disclosed.
Key KPIsIndicator name LEAP engine deliveries / Value 535 Installed engine units / Year on year against the same period last year 4.7 Installed engine units, Indicator name Titanium aluminide blade sales volume / Value 211 Engine-equivalent units / Year on year against the same period last year -3.2 Engine-equivalent units, Indicator name オノプラント revenue / Value 300 Millions of yen / Year on year against the same period last year Not disclosed, Indicator name Overall employee engagement score / Value 3.92 Out of 5 / Year on year against the same period last year 0.07 Out of 5, Indicator name Score for alignment with the company's philosophy / Value 4.24 Out of 5 / Year on year against the same period last year 0.07 Out of 5, Indicator name Score for willingness to contribute to the organisation / Value 4.07 Out of 5 / Year on year against the same period last year 0.08 Out of 5, Indicator name CO2 emissions intensity / Value 0.69 t-CO2 / ¥ million of revenue / Year on year against the same period last year Not disclosed
Unit price and quantity metricsTitanium aluminide blade sales volume: 211 engine-equivalent units; LEAP engine deliveries: 535 units. Sales volume is disclosed by quantity only; unit price: Not disclosed.
Number of employeesNumber of Employees 321 people / Changes and hiring plans during the period Not disclosed
Assumptions Underlying the Business OutlookAverage translated FX rate 152 Yen/US dollar / Aircraft production rate 737MAX Stabilisation at 47 aircraft per month, with an increase to 52 aircraft per month planned for the second half of 2027 / A320neo family Aiming for 70–75 aircraft per month by the end of 2027, followed by stabilisation at 75 aircraft per month / LEAP units delivered 2026 More than 2,100 units / 2028 2,600 / 2030 Approximately 3,000 units
Financial targetsTarget net debt-to-equity ratio 1.5 Times / Actual equity ratio 43.4 Times / Equity ratio unit %
Capital expendituresApproximately ¥2.4 billion, approximately ¥2.6 billion, approximately ¥1.7 billion and approximately ¥1.9 billion, among others
Orders received and order backlogAircraft backlog by aircraft type: 7,537 A320neo-family aircraft, 5,429 737 MAX aircraft and 1,228 Boeing 787 aircraft, among others. Order value: Not disclosed.
Market Size / ShareBacklog of 7,537 A320neo-family aircraft and 5,429 737 MAX aircraft. The company's share of the titanium aluminide blade market is 40%, planned to change from 40% to the high-40% range from January 2028.
New initiativesPromoting business and administrative coordination with オノプラント, Responding to increased production of aluminum airframe parts at オノプラント, Entering the titanium airframe parts market and making phased capital investments, Considering how to respond to a request for additional production increases for Project B, Conducting an employee engagement survey, Initiatives to reduce CO2 emissions
Items this document does not state (8)
Segment resultsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesKey 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.

Revenue increased due to the consolidation of オノプラント and the start of sales of aircraft engine parts for B, among other factors. Operating profit increased as a result of higher revenue, although personnel expenses for new materials and new projects, depreciation associated with capital expenditures, and various costs driven by inflation and other factors also increased. Net income remained at approximately the previous year's level due to higher non-operating expenses, specifically increased interest expense associated with higher borrowings and a deterioration in foreign exchange gains and losses.

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Supplementary Materials for the First Quarter of the Fiscal Year Ending June 2027 | AeroEdge Co.,Ltd (7409) timely disclosure | Komori