Worth reading
74In 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
-27.7
Revenue and year-on-year change (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Presentation materials for financial resultsQ4 of the fiscal year ending May 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,822 million-27.7%
Operating profit¥702 million-50.5%
Ordinary income¥835 million-39.7%
Net income¥530 million-45.8%
Gross Profit Margin
Rate60.5%
Year-on-year change (points)Above the 2030 target of 50.0% or higher. Year on year: Not disclosed
Operating profit margin
Rate14.6%
Year-on-year change (points)Down from 21.3% in the previous fiscal year
Results for the three months of the current quarter
Net Sales¥1,120 million (down 17.9% year on year)
Operating profit¥43 million (down 69.9% year on year)
Ordinary income¥38 million (down 65.6% year on year)
Profit attributable to owners of parent for the quarter¥35 million (down 54.5% year on year)
Operating profit margin3.9%
Full-year earnings forecast
Net Sales¥7,212 million
Operating profit¥1,599 million
Ordinary income¥1,620 million
Profit attributable to owners of the parent¥1,049 million
Earnings per share¥103.41
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 Sales101.2% of the earnings forecast
Operating profitEquivalent to 97.2% of the earnings forecast (shown as △2.8% in the materials)
Ordinary incomeEquivalent to 97.3% of the earnings forecast (shown as △2.7% in the materials)
Profit attributable to owners of the parentEquivalent to 99.1% of the earnings forecast (shown as △0.9% in the materials)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Performance was broadly in line with the forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
A value-based bridge: Not disclosed. The main factors were sluggish sales of IoT-related products to domestic customers, sluggish sales of precision vibration-isolation equipment and gear testers in the Industry 4.0 promotion business, selling, general and administrative expenses exceeding assumptions, strong sales to major overseas customers, and the acquisition of a large order.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Large orders¥2,278 million. Scheduled to be recognized as revenue from June 2026 to February 2027
Revenue recognition assumptionsThe first quarter of the fiscal year ending May 2027 is expected to remain subdued as a preparation period, with growth building progressively from the second quarter onward through large projects and additional orders
Demand assumptionsCapital investment demand from major overseas customers is expected to remain strong
New initiatives
- Development, launch and promotion of semiconductor-related measurement products ①, ② and ③
- Planning 2 new products with multiple AI-related companies
- Building 5 similar strategic partnerships by 2030
- Increasing investment in physical AI solutions, expanding the product lineup and developing new customers
- An outside director is scheduled to become chair of the Board of Directors from August 2026 onward
- The executive compensation system is scheduled to change to BBT-RS
- A special dividend of ¥10 is scheduled to be paid in the fiscal year ending May 2027
Key KPIsA metric the company considers important as a management benchmark.
- IoT-related business order intake¥4,566 millionYear on year against the same period last year＋84.2%
- IoT-related business order backlog¥2,645 millionYear on year against the same period last year＋169.8%
- Industry 4.0 promotion business order intake¥1,369 millionYear on year against the same period last year△17.9%
- Industry 4.0 promotion business order backlog¥382 millionYear on year against the same period last year＋58.2%
- Consolidated ROE4.7%
- Base revenue¥755 million
Segment results
IoT Business
Net Sales¥2,952 million (¥3,829 million in the previous fiscal year, down 22.9% year on year)
Segment profit¥1,345 million (¥1,946 million in the previous fiscal year, down 30.9% year on year)
Orders received¥4,566 million (up 84.2% year on year)
Order backlog¥2,645 million (up 169.8% year on year)
Industry 4.0 Promotion Business
Net Sales¥1,860 million (¥2,060 million in the previous fiscal year, down 9.7% year on year)
Segment profit¥102 million (¥265 million in the previous fiscal year, down 61.3% year on year)
Orders received¥1,369 million (down 17.9% year on year)
Order backlog¥382 million (up 58.2% year on year)
Other
Net Sales¥9 million
Medium-term management plan targets
Base revenue¥3,000 million in the fiscal year ending May 2030
Gross Profit Margin50.0% or higher in the fiscal year ending May 2030
Operating income per employee¥30 million in the fiscal year ending May 2030
Operating profit growth rate (CAGR)15.0% or higher in the fiscal year ending May 2030
ROE (consolidated)15.0% or higher in the fiscal year ending May 2030
Comparison with actual resultsIn the fiscal year ended May 2026, progress toward each target was below target, except for gross profit margin
Financial targets
ROE (consolidated)
Actual results4.7%
Target15.0% or higher (fiscal year ending May 2030)
Gross Profit Margin
Actual results60.5%
Target50.0% or higher (fiscal year ending May 2030)
Operating income per employee
Actual results¥8 million
Target¥30 million (fiscal year ending May 2030)
Market Size / Share
Smart factory marketUS$154.9 billion in 2024 and US$272.6 billion in 2030, approximately 1.8 times larger
Mobility marketUS$104.6 billion in 2026 and US$378.4 billion in 2033, approximately 3.6 times larger
Wearable AI marketUS$61.5 billion in 2026 and US$359.3 billion in 2034, approximately 5.8 times larger
Secured demandCurrent secured demand accounts for approximately one-quarter of the total
Orders received and order backlog
IoT Business
Orders received¥4,566 million
Order backlog¥2,645 million
Industry 4.0 Promotion Business
Orders received¥1,369 million
Order backlog¥382 million
Large orders¥2,278 million
Annual Dividend
Fiscal year ending May 2026¥44 per share (¥10 interim, ¥34 year-end)
Forecast for the fiscal year ending May 2027Forecast of ¥55 per share (¥10 interim, ¥45 year-end, including a special dividend of ¥10)
Acquisition of treasury shares
Approximately ¥1,000 million was spent on share repurchases in the fiscal year ended May 2026. The Company plans to continue making share repurchases flexibly| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Q4 of the fiscal year ending May 2026 |
| Net Sales | ¥4,822 million (YoY -27.7%) |
| Operating profit | ¥702 million (YoY -50.5%) |
| Ordinary income | ¥835 million (YoY -39.7%) |
| Net income | ¥530 million (YoY -45.8%) |
| Gross Profit Margin | Rate 60.5% / Year-on-year change (points) Above the 2030 target of 50.0% or higher. Year on year: Not disclosed |
| Operating profit margin | Rate 14.6% / Year-on-year change (points) Down from 21.3% in the previous fiscal year |
| Results for the three months of the current quarter | Net Sales ¥1,120 million (down 17.9% year on year) / Operating profit ¥43 million (down 69.9% year on year) / Ordinary income ¥38 million (down 65.6% year on year) / Profit attributable to owners of parent for the quarter ¥35 million (down 54.5% year on year) / Operating profit margin 3.9% |
| Full-year earnings forecast | Net Sales ¥7,212 million / Operating profit ¥1,599 million / Ordinary income ¥1,620 million / Profit attributable to owners of the parent ¥1,049 million / Earnings per share ¥103.41 |
| Progress against full-year forecast | Net Sales 101.2% of the earnings forecast / Operating profit Equivalent to 97.2% of the earnings forecast (shown as △2.8% in the materials) / Ordinary income Equivalent to 97.3% of the earnings forecast (shown as △2.7% in the materials) / Profit attributable to owners of the parent Equivalent to 99.1% of the earnings forecast (shown as △0.9% in the materials) |
| Self-assessment against the plan | Performance was broadly in line with the forecast |
| Segment results | IoT Business Net Sales ¥2,952 million (¥3,829 million in the previous fiscal year, down 22.9% year on year) / Segment profit ¥1,345 million (¥1,946 million in the previous fiscal year, down 30.9% year on year) / Orders received ¥4,566 million (up 84.2% year on year) / Order backlog ¥2,645 million (up 169.8% year on year) / Industry 4.0 Promotion Business Net Sales ¥1,860 million (¥2,060 million in the previous fiscal year, down 9.7% year on year) / Segment profit ¥102 million (¥265 million in the previous fiscal year, down 61.3% year on year) / Orders received ¥1,369 million (down 17.9% year on year) / Order backlog ¥382 million (up 58.2% year on year) / Other Net Sales ¥9 million / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | A value-based bridge: Not disclosed. The main factors were sluggish sales of IoT-related products to domestic customers, sluggish sales of precision vibration-isolation equipment and gear testers in the Industry 4.0 promotion business, selling, general and administrative expenses exceeding assumptions, strong sales to major overseas customers, and the acquisition of a large order. |
| Key KPIs | Indicator name IoT-related business order intake / Value ¥4,566 million / Year on year against the same period last year ＋84.2%, Indicator name IoT-related business order backlog / Value ¥2,645 million / Year on year against the same period last year ＋169.8%, Indicator name Industry 4.0 promotion business order intake / Value ¥1,369 million / Year on year against the same period last year △17.9%, Indicator name Industry 4.0 promotion business order backlog / Value ¥382 million / Year on year against the same period last year ＋58.2%, Indicator name Consolidated ROE / Value 4.7% / Year on year against the same period last year Not disclosed, Indicator name Base revenue / Value ¥755 million / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Large orders ¥2,278 million. Scheduled to be recognized as revenue from June 2026 to February 2027 / Revenue recognition assumptions The first quarter of the fiscal year ending May 2027 is expected to remain subdued as a preparation period, with growth building progressively from the second quarter onward through large projects and additional orders / Demand assumptions Capital investment demand from major overseas customers is expected to remain strong |
| Medium-term management plan targets | Base revenue ¥3,000 million in the fiscal year ending May 2030 / Gross Profit Margin 50.0% or higher in the fiscal year ending May 2030 / Operating income per employee ¥30 million in the fiscal year ending May 2030 / Operating profit growth rate (CAGR) 15.0% or higher in the fiscal year ending May 2030 / ROE (consolidated) 15.0% or higher in the fiscal year ending May 2030 / Comparison with actual results In the fiscal year ended May 2026, progress toward each target was below target, except for gross profit margin |
| Financial targets | ROE (consolidated) Actual results 4.7% / Target 15.0% or higher (fiscal year ending May 2030) / Gross Profit Margin Actual results 60.5% / Target 50.0% or higher (fiscal year ending May 2030) / Operating income per employee Actual results ¥8 million / Target ¥30 million (fiscal year ending May 2030) |
| Annual Dividend | Fiscal year ending May 2026 ¥44 per share (¥10 interim, ¥34 year-end) / Forecast for the fiscal year ending May 2027 Forecast of ¥55 per share (¥10 interim, ¥45 year-end, including a special dividend of ¥10) |
| Acquisition of treasury shares | Approximately ¥1,000 million was spent on share repurchases in the fiscal year ended May 2026. The Company plans to continue making share repurchases flexibly |
| Orders received and order backlog | IoT Business Orders received ¥4,566 million / Order backlog ¥2,645 million / Industry 4.0 Promotion Business Orders received ¥1,369 million / Order backlog ¥382 million / Large orders ¥2,278 million |
| Market Size / Share | Smart factory market US$154.9 billion in 2024 and US$272.6 billion in 2030, approximately 1.8 times larger / Mobility market US$104.6 billion in 2026 and US$378.4 billion in 2033, approximately 3.6 times larger / Wearable AI market US$61.5 billion in 2026 and US$359.3 billion in 2034, approximately 5.8 times larger / Secured demand Current secured demand accounts for approximately one-quarter of the total |
| New initiatives | Development, launch and promotion of semiconductor-related measurement products ①, ② and ③, Planning 2 new products with multiple AI-related companies, Building 5 similar strategic partnerships by 2030, Increasing investment in physical AI solutions, expanding the product lineup and developing new customers, An outside director is scheduled to become chair of the Board of Directors from August 2026 onward, The executive compensation system is scheduled to change to BBT-RS, A special dividend of ¥10 is scheduled to be paid in the fiscal year ending May 2027 |
Items this document does not state (8)
Selling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital expendituresKey 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.The main reason for the decline in revenue and profit in the fiscal year ended May 2026 was sluggish sales of IoT-related products to domestic customers. In the fiscal year ending May 2027, growth in sales to major overseas customers in the IoT-related business and the large order secured in April 2026 are expected to drive performance.
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.