Worth reading
80Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
17048
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ended December 202414 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥88,475 million+23.9%
Operating profit¥19,201 million+41.1%
Ordinary income¥19,304 million+38.2%
Net income¥14,526 million+34.4%
Gross Profit Margin44.5%
Operating profit margin21.7%
Selling, general and administrative expenses前年同期比12%増
Full-year earnings forecast2025年計画：Not disclosed（提示本文に科目別数値なし）
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in R&D expenses¥-860 million
- R&D以外販管費増¥-770 million
- Foreign Exchange Effects¥1,550 million
- Increase in gross profit from higher sales¥5,290 million
- 粗利率改善など¥384 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- U.S. dollar exchange rate¥145
- Euro exchange rate¥155
New initiatives
- 中期経営計画Value Creation26 ver2.0への上方修正
- ベトナム第2工場の稼働開始
- 自己株式取得枠40億円の設定
- 2025年の1株を4株にする株式分割
- Transition to a Company with an Audit and Supervisory Committee
- 新規分野への参入とオープンイノベーション投資
Key KPIsA metric the company considers important as a management benchmark.
- 自社ブランド新製品投入本数7 bottles
- Proprietary-brand sales¥360 hundred millionYear on year against the same period last year+9.8%
- OEM売上高¥288 hundred millionYear on year against the same period last year+42.5%
- 自社ブランド金額シェア5 %
- レンズ交換式カメラ市場数量成長率10 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- 写真関連・自社Net Sales360Revenue unit¥ hundred millionNumber of versions47Volume unit10,000 units
- 写真関連・OEMNet Sales288Revenue unit¥ hundred millionNumber of versions92Volume unit10,000 units
Segment results
Photography-related business
Net Sales
¥64,835 million+22.3%
Operating profit
¥18,111 million+29.3%
Surveillance & factory automation business
Net Sales
¥12,313 million+25.8%
Operating profit
¥1,566 million+118.7%
Medium-term management plan targets
Plan nameValue Creation26 ver2.0
Target fiscal year2026
Net Sales950
Revenue unit¥ hundred million
Operating profit205
Operating profit unit¥ hundred million
Operating profit margin21.6%
EBITDA margin24% or higher
ROE16% or higher
Financial targets
ROE16% or higher
Equity ratio75%程度を目安
Liquidity月商3ヶ月分程度
Total payout ratioApproximately 60%
Payout ratioApproximately 40%
Market Size / Share
交換レンズ市場の金額ベース成長率：2024年は前年比11%、自社ブランド金額シェア：5%Number of employees
ベトナム第2工場フル稼働時約1,500名、既存ベトナム工場約1,500名、中国・仏山工場約2,500名、青森工場約300名（臨時従業員含む）Capital expenditures
175 億円2024～2026年累計計画
Annual Dividend
Annual dividend per share¥140
Interim¥35
End of period¥105
Payout ratio
39.8%Acquisition of treasury shares
Number of shares acquired1,000,000 shares (maximum)
Acquisition price¥4 billion (maximum)
Period2025年2月10日～2025年5月30日
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ended December 2024 |
| Net Sales | ¥88,475 million (YoY +23.9%) |
| Operating profit | ¥19,201 million (YoY +41.1%) |
| Ordinary income | ¥19,304 million (YoY +38.2%) |
| Net income | ¥14,526 million (YoY +34.4%) |
| Gross Profit Margin | 44.5% |
| Operating profit margin | 21.7% |
| Selling, general and administrative expenses | 前年同期比12%増 |
| Full-year earnings forecast | 2025年計画：Not disclosed（提示本文に科目別数値なし） |
| Segment results | Photography-related business Net Sales ¥64,835 million (YoY +22.3%) / Operating profit ¥18,111 million (YoY +29.3%) / Surveillance & factory automation business Net Sales ¥12,313 million (YoY +25.8%) / Operating profit ¥1,566 million (YoY +118.7%) / Mobility & healthcare and other businesses Not disclosed |
| Breakdown of Factors Affecting the Change | Factors Increase in R&D expenses / Amount ¥-860 million, Factors R&D以外販管費増 / Amount ¥-770 million, Factors Foreign Exchange Effects / Amount ¥1,550 million, Factors Increase in gross profit from higher sales / Amount ¥5,290 million, Factors 粗利率改善など / Amount ¥384 million |
| Key KPIs | Indicator name 自社ブランド新製品投入本数 / Value 7 bottles / Year on year against the same period last year Not disclosed, Indicator name Proprietary-brand sales / Value ¥360 hundred million / Year on year against the same period last year ¥9.8 hundred million, Indicator name OEM売上高 / Value ¥288 hundred million / Year on year against the same period last year ¥42.5 hundred million, Indicator name 自社ブランド金額シェア / Value 5 % / Year on year against the same period last year Not disclosed, Indicator name レンズ交換式カメラ市場数量成長率 / Value 10 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Category 写真関連・自社 / Net Sales 360 / Revenue unit ¥ hundred million / Number of versions 47 / Volume unit 10,000 units, Category 写真関連・OEM / Net Sales 288 / Revenue unit ¥ hundred million / Number of versions 92 / Volume unit 10,000 units |
| Number of employees | ベトナム第2工場フル稼働時約1,500名、既存ベトナム工場約1,500名、中国・仏山工場約2,500名、青森工場約300名（臨時従業員含む） |
| Assumptions Underlying the Business Outlook | Item U.S. dollar exchange rate / Value ¥145, Item Euro exchange rate / Value ¥155 |
| Medium-term management plan targets | Plan name Value Creation26 ver2.0 / Target fiscal year 2026 / Net Sales 950 / Revenue unit ¥ hundred million / Operating profit 205 / Operating profit unit ¥ hundred million / Operating profit margin 21.6% / EBITDA margin 24% or higher / ROE 16% or higher |
| Financial targets | ROE 16% or higher / Equity ratio 75%程度を目安 / Liquidity 月商3ヶ月分程度 / Total payout ratio Approximately 60% / Payout ratio Approximately 40% |
| Annual Dividend | Annual dividend per share ¥140 / Interim ¥35 / End of period ¥105 |
| Payout ratio | 39.8% |
| Acquisition of treasury shares | Number of shares acquired 1,000,000 shares (maximum) / Acquisition price ¥4 billion (maximum) / Period 2025年2月10日～2025年5月30日 |
| Capital expenditures | 175 億円（2024～2026年累計計画） |
| Market Size / Share | 交換レンズ市場の金額ベース成長率：2024年は前年比11%、自社ブランド金額シェア：5% |
| New initiatives | 中期経営計画Value Creation26 ver2.0への上方修正, ベトナム第2工場の稼働開始, 自己株式取得枠40億円の設定, 2025年の1株を4株にする株式分割, Transition to a Company with an Audit and Supervisory Committee, 新規分野への参入とオープンイノベーション投資 |
Items this document does not state (7)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsRisk amount incorporated into the outlookOrders received and order backlogKey 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.大幅増収による粗利益の増加、販管費を増収率の半分となる12％増に抑制したこと、為替影響、売上増による粗利増、粗利率改善などを挙げている。写真関連では新製品投入や国内・中国・アジア市場の販売増、OEM市場の好調、監視＆FA関連では在庫調整の一巡、FAのラインアップ拡充、カメラモジュールの新機種、モビリティ＆ヘルスケア関連ではADAS市場の好調などを理由としている。
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.