Worth reading
38Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
20
¥ hundred millionWording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&AFiscal year ending May 20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales
Fiscal year ending May 2027 IoT-related business forecast
¥51 hundred million
Full-year earnings forecast
IoT-related business revenue
¥51 hundred million
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Issues Method used to formulate the fiscal year ending May 2027 plan and profit levels / Answer The plan was formulated largely on the same basis as before, using a build-up of projects shared by operating teams. It incorporates R&D expenses and costs associated with expanding overseas sales.
- Issues Increase in R&D expenses / Answer An increase of approximately ¥200 million to ¥300 million compared with the previous fiscal year's actual results is expected, although the amount may vary depending on business trends and other factors.
- Issues IoT-related business revenue plan and order trends / Answer The plan includes projects currently in view as well as projects based on customer inquiries. If orders are received as planned, orders received are expected to exceed the previous fiscal year, although large orders remain subject to uncertainty.
- Issues Increase in sales to European customers / Answer The increase is driven by capacity expansion projects for existing customers, with sales of approximately ¥600 million to ¥700 million. It cannot be said with certainty that sales will remain at the same level in the following fiscal year.
- Issues Details of the ¥2 billion increase in investment in existing businesses / Answer The company anticipates investment in fixed assets, centered on automating production of the pupil module® in Kumamoto. It is also considering R&D expenses, product expansion, physical AI and business alliances.
- Issues Physical AI-related projects / Answer Specific product requirements and projects have not yet been defined, but the company is preparing to capture demand with a view to the next approximately 3 years.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in Research and Development ExpensesApproximately ¥200 million to ¥300 million compared with the previous fiscal year's actual results
- Increase in agent fees and other costs associated with the expansion of overseas sales
- Increase in demand related to certain device projects for smartphones from European customers
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsA build-up of projects currently in view and projects based on customer inquiries
- AssumptionsIoT-related business revenue for the fiscal year ending May 2027FiguresApproximately ¥5.1 billion
New initiatives
- Transition from manual assembly to automation for the pupil module® in Kumamoto
- Expansion of the product lineup
- Preparation to capture demand related to physical AI
- Strengthening solutions through collaboration with adjacent fields
- Consideration of potential business alliances
Capital expenditures
¥20 100 million increase in investment in existing businesses
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Net Sales | Fiscal year ending May 2027 IoT-related business forecast ¥51 hundred million |
| Full-year earnings forecast | IoT-related business revenue ¥51 hundred million |
| Breakdown of Factors Affecting the Change | Factors Increase in Research and Development Expenses / Amount Approximately ¥200 million to ¥300 million compared with the previous fiscal year's actual results, Factors Increase in agent fees and other costs associated with the expansion of overseas sales / Amount Not disclosed, Factors Increase in demand related to certain device projects for smartphones from European customers / Amount Not disclosed |
| Assumptions Underlying the Business Outlook | Assumptions A build-up of projects currently in view and projects based on customer inquiries / Figures Not disclosed, Assumptions IoT-related business revenue for the fiscal year ending May 2027 / Figures Approximately ¥5.1 billion |
| Capital expenditures | ¥20 100 million (increase in investment in existing businesses) |
| Key points of the Q&A | Issues Method used to formulate the fiscal year ending May 2027 plan and profit levels / Answer The plan was formulated largely on the same basis as before, using a build-up of projects shared by operating teams. It incorporates R&D expenses and costs associated with expanding overseas sales., Issues Increase in R&D expenses / Answer An increase of approximately ¥200 million to ¥300 million compared with the previous fiscal year's actual results is expected, although the amount may vary depending on business trends and other factors., Issues IoT-related business revenue plan and order trends / Answer The plan includes projects currently in view as well as projects based on customer inquiries. If orders are received as planned, orders received are expected to exceed the previous fiscal year, although large orders remain subject to uncertainty., Issues Increase in sales to European customers / Answer The increase is driven by capacity expansion projects for existing customers, with sales of approximately ¥600 million to ¥700 million. It cannot be said with certainty that sales will remain at the same level in the following fiscal year., Issues Details of the ¥2 billion increase in investment in existing businesses / Answer The company anticipates investment in fixed assets, centered on automating production of the pupil module® in Kumamoto. It is also considering R&D expenses, product expansion, physical AI and business alliances., Issues Physical AI-related projects / Answer Specific product requirements and projects have not yet been defined, but the company is preparing to capture demand with a view to the next approximately 3 years. |
| New initiatives | Transition from manual assembly to automation for the pupil module® in Kumamoto, Expansion of the product lineup, Preparation to capture demand related to physical AI, Strengthening solutions through collaboration with adjacent fields, Consideration of potential business alliances |
Items this document does not state (22)
Operating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / Share
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.R&D expenses are necessary investments aimed at expanding future sales, while agent fees and other costs associated with expanding overseas sales are also expected to increase. Investment in existing businesses is intended to improve quality, shorten delivery times and reduce costs through the automation of the pupil module® and to expand the product lineup.
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.