Worth reading
62In 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
3048
Millions of yen (year-on-year increase in revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial Results Presentation2025年12月期 上半期（中間期）9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales55,811 Millions of yen+5.8%
Operating profit11,104 Millions of yen-10.6%
Net income7,257 Millions of yen-36.8%
Results for the three months of the current quarter
FY25 2Q
Teibow
Revenue
2,866 Millions of yen
Business EBITDA
751 Millions of yen
AlphaTheta
Revenue
16,914 Millions of yen
Business EBITDA
4,765 Millions of yen
JLab
Revenue
8,828 Millions of yen
Business EBITDA
1,659 Millions of yen
Full-year earnings forecast
Revenue
110,700 Millions of yen
Business EBITDA
22,500 Millions of yen
Operating profit
16,000 Millions of yen
Profit for the period
10,700 Millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
上半期は5/9付修正予想を上回り着地、通期予想は5/9付修正予想から変更なしBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue
- Foreign Exchange Effects-11 Hundreds of millions of yen
- テイボー（ものづくり・部品材料）-1 Hundreds of millions of yen
- AlphaTheta（音響機器関連）17 Hundreds of millions of yen
- JLab（音響機器関連）25 Hundreds of millions of yen
Operating profit
- Foreign Exchange Effects-3 Hundreds of millions of yen
- Teibow-2 Hundreds of millions of yen
- AlphaTheta-2 Hundreds of millions of yen
- JLab-2 Hundreds of millions of yen
- Corporate Expenses-2 Hundreds of millions of yen
- Depreciation and amortization, and other expenses-8 Hundreds of millions of yen
Profit for the period
- Operating Profit-13 Hundreds of millions of yen
- Investing activities-21 Hundreds of millions of yen
- Financing activities-1 Hundreds of millions of yen
- Income tax expense11 Hundreds of millions of yen
- Profit or loss from discontinued operations-19 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- FY25平均米ドル為替レート¥140
- FY25平均ユーロ為替レート¥156
- FY25期末米ドル為替レート¥140
- FY25期末ユーロ為替レート¥156
- AlphaTheta米国相互関税前提10 %
New initiatives
- JLabが新カテゴリのスピーカーで4製品を発売
- AlphaThetaのOMNIS-DUOがRed Dot Design Award 2025のBest of the Bestを受賞
- テイボーが展示会へ出展し販売活動を促進
- IFRS18号を当上半期から早期適用
Key KPIsA metric the company considers important as a management benchmark.
- 事業EBITDAマージン24.2 %Year on year against the same period last year-2.4%Year-on-year comparison unitPoints
- AlphaTheta DJ機器出荷台数 FY25 2Q185 thousand unitsYear on year against the same period last year増加（FY24 2Q 164千台）
- AlphaTheta DJ向けアプリケーションMAU FY25 2Q101 10,000 peopleYear on year against the same period last year増加（FY24 2Q 85万人）
- JLab 北米・中南米売上収益比率 FY25 2Q83 %Year on year against the same period last year増加（FY24 2Q 75%）
Segment results
- TeibowRevenue5,698 Millions of yenRevenue_yoy_pct-2.5Business EBITDA1,312 Millions of yen事業EBITDA_yoy_pct-13.8
- Audio equipment-relatedRevenue50,113 Millions of yenRevenue_yoy_pct6.8Business EBITDA12,832 Millions of yen事業EBITDA_yoy_pct-1.3
- AlphaThetaRevenue34,297 Millions of yenRevenue_yoy_pct3.1Business EBITDA10,274 Millions of yen事業EBITDA_yoy_pct-3.9
- JLabRevenue15,815 Millions of yenRevenue_yoy_pct15.8Business EBITDA2,558 Millions of yen事業EBITDA_yoy_pct11.1
Medium-term management plan targets
FY30中期経営計画に言及。具体的な目標値はNot disclosedCapital expenditures
¥413 millionテイボー FY25上半期
Acquisition of treasury shares
20 Hundreds of millions of yen
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | 2025年12月期 上半期（中間期） |
| Net Sales | 55,811 Millions of yen (YoY +5.8%) |
| Operating profit | 11,104 Millions of yen (YoY -10.6%) |
| Net income | 7,257 Millions of yen (YoY -36.8%) |
| Results for the three months of the current quarter | FY25 2Q Teibow Revenue 2,866 Millions of yen / Business EBITDA 751 Millions of yen / AlphaTheta Revenue 16,914 Millions of yen / Business EBITDA 4,765 Millions of yen / JLab Revenue 8,828 Millions of yen / Business EBITDA 1,659 Millions of yen |
| Full-year earnings forecast | Revenue 110,700 Millions of yen / Business EBITDA 22,500 Millions of yen / Operating profit 16,000 Millions of yen / Profit for the period 10,700 Millions of yen |
| Self-assessment against the plan | 上半期は5/9付修正予想を上回り着地、通期予想は5/9付修正予想から変更なし |
| Segment results | Segment Teibow / Revenue 5,698 Millions of yen / Revenue_yoy_pct -2.5 / Business EBITDA 1,312 Millions of yen / 事業EBITDA_yoy_pct -13.8, Segment Audio equipment-related / Revenue 50,113 Millions of yen / Revenue_yoy_pct 6.8 / Business EBITDA 12,832 Millions of yen / 事業EBITDA_yoy_pct -1.3, Segment AlphaTheta / Revenue 34,297 Millions of yen / Revenue_yoy_pct 3.1 / Business EBITDA 10,274 Millions of yen / 事業EBITDA_yoy_pct -3.9, Segment JLab / Revenue 15,815 Millions of yen / Revenue_yoy_pct 15.8 / Business EBITDA 2,558 Millions of yen / 事業EBITDA_yoy_pct 11.1 |
| Breakdown of Factors Affecting the Change | Revenue Factors Foreign Exchange Effects / Amount -11 Hundreds of millions of yen, Factors テイボー（ものづくり・部品材料） / Amount -1 Hundreds of millions of yen, Factors AlphaTheta（音響機器関連） / Amount 17 Hundreds of millions of yen, Factors JLab（音響機器関連） / Amount 25 Hundreds of millions of yen / Operating profit Factors Foreign Exchange Effects / Amount -3 Hundreds of millions of yen, Factors Teibow / Amount -2 Hundreds of millions of yen, Factors AlphaTheta / Amount -2 Hundreds of millions of yen, Factors JLab / Amount -2 Hundreds of millions of yen, Factors Corporate Expenses / Amount -2 Hundreds of millions of yen, Factors Depreciation and amortization, and other expenses / Amount -8 Hundreds of millions of yen / Profit for the period Factors Operating Profit / Amount -13 Hundreds of millions of yen, Factors Investing activities / Amount -21 Hundreds of millions of yen, Factors Financing activities / Amount -1 Hundreds of millions of yen, Factors Income tax expense / Amount 11 Hundreds of millions of yen, Factors Profit or loss from discontinued operations / Amount -19 Hundreds of millions of yen |
| Key KPIs | Indicator name 事業EBITDAマージン / Value 24.2 % / Year on year against the same period last year -2.4 % / Year-on-year comparison unit Points, Indicator name AlphaTheta DJ機器出荷台数 FY25 2Q / Value 185 thousand units / Year on year against the same period last year 増加（FY24 2Q 164千台）, Indicator name AlphaTheta DJ向けアプリケーションMAU FY25 2Q / Value 101 10,000 people / Year on year against the same period last year 増加（FY24 2Q 85万人）, Indicator name JLab 北米・中南米売上収益比率 FY25 2Q / Value 83 % / Year on year against the same period last year 増加（FY24 2Q 75%） |
| Assumptions Underlying the Business Outlook | Item FY25平均米ドル為替レート / Value ¥140, Item FY25平均ユーロ為替レート / Value ¥156, Item FY25期末米ドル為替レート / Value ¥140, Item FY25期末ユーロ為替レート / Value ¥156, Item AlphaTheta米国相互関税前提 / Value 10 % |
| Medium-term management plan targets | FY30中期経営計画に言及。具体的な目標値はNot disclosed |
| Acquisition of treasury shares | Amount 20 Hundreds of millions of yen / Period Not disclosed |
| Capital expenditures | 413 百万円（テイボー FY25上半期） |
| New initiatives | JLabが新カテゴリのスピーカーで4製品を発売, AlphaThetaのOMNIS-DUOがRed Dot Design Award 2025のBest of the Bestを受賞, テイボーが展示会へ出展し販売活動を促進, IFRS18号を当上半期から早期適用 |
Items this document does not state (15)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioOrders received and order backlogMarket Size / ShareKey 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.売上収益は、前年同期に受注残高解消による一過性の増収があったものの、音響機器関連事業の販売好調、特に小売店でのSKU拡大とEC販売拡大により増収となった。営業利益は前年同期の為替評価益に対し当上半期は為替評価損となった影響、当期利益は為替評価益およびプリメディカ株式売却益の反動により減益となった。通期予想は米国関税政策など下半期の不確実性を考慮して維持された。
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.