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Financial results presentation7744Noritsu Koki Co.,Ltd.Electrical Equipment and Precision Instruments

Supplementary Materials for the Fiscal Year Ended December 2025

FY25は、音響機器関連事業の成長により売上収益と営業利益が増加し、11月14日付の修正予想を上回って着地した。一方、前期の株式売却益の反動で当期利益は減少した。

Worth reading
70In 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
12684
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentation2025年12月期 通期（FY25）14 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥119,223 million+11.9%
Operating profit¥20,815 million+4.2%
Net income¥15,639 million-3.0%
Operating profit margin17.5
Results for the three months of the current quarterテイボーグループ、AlphaThetaの四半期単独の売上収益・事業EBITDA・事業EBITDAマージンを四半期推移グラフで掲載。連結全体の当四半期単独数値はNot disclosed。
Full-year earnings forecast
Revenue
¥167,600 million
Business EBITDA
¥35,500 million
Operating profit
¥26,000 million
Profit for the period
¥16,800 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
FY25は11月14日付修正予想を上回り着地
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
FY25営業利益前年差
FY24 operating profit200 Hundreds of millions of yen
Foreign Exchange Effects4 Hundreds of millions of yen
テイボーグループ（部品・材料）-5 Hundreds of millions of yen
AlphaTheta（音響機器関連）11 Hundreds of millions of yen
JLab（音響機器関連）6 Hundreds of millions of yen
全社費用その他-2 Hundreds of millions of yen
Depreciation and Amortization-6 Hundreds of millions of yen
FY25 operating profit208 Hundreds of millions of yen
FY25当期利益前年差
Operating profit8
Investing activities8
Financing activities-1
Income tax expense-1
Profit or loss from discontinued operations-19
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average US dollar exchange rate
¥150
Average euro exchange rate
¥178
New initiatives
  • センクシアを2026年2月から連結開始
  • センクシア取得による新領域M&Aおよび部品・材料セグメント強化
  • テイボーのペン先事業について譲渡を含む選択肢の検討開始
  • 自己株式取得および取得株式の消却
  • AlphaThetaのベトナム自社工場開設
  • DJ向け音楽ライブラリOneLibraryの実現
  • JLabの製品カテゴリ拡大とマーケティング投資
Key KPIsA metric the company considers important as a management benchmark.
  • DJ equipment shipments210 thousand units
    Year on year against the same period last yearFY25 1Qから4Qで153千台から210千台
  • MAU of DJ applications110 10,000 people
    Year on year against the same period last yearFY25 1Qから4Qで79万人から110万人
  • センクシア従業員数353 People
Segment results
テイボーグループ
Revenue
¥11,744 million-1.9%
Business EBITDA
¥2,778 million-15.0%
AlphaTheta
Revenue
¥69,879 million+11.6%
Business EBITDA
¥19,203 million+8.9%
JLab
Revenue
¥37,599 million+17.6%
Business EBITDA
¥4,963 million+13.0%
Corporate Expenses
Business EBITDA
¥-1,218 million
Medium-term management plan targets
Revenue growth rateCAGR 10%以上
Operating profit margin15% or higher
FY30 ROE10% or higher
Total payout ratio50% or higher
FY30売上収益¥190.0 billion or more
FY30営業利益285億円以上
FY30事業EBITDA380億円以上
FY30事業EBITDAマージン20% or higher
Financial targets
ROE
FY2025 actual results約7.3%
FY30 target10% or higher
Net Debt/事業EBITDA倍率
Target3.0以下
株式取得後試算0.1
Market Size / Share
JLabは100ドル以下イヤホンで足もと米国No.1。センクシアは基礎、デバイス、フロアでNo.1と記載。
Number of employees
センクシア、2025年3月末現在
Number of Employees353 People
Capital expenditures
FY2025 actual resultsテイボー634百万円、浜松メタルワークス604百万円、AlphaTheta1,401百万円、JLab337百万円
FY26 forecastテイボー2,500百万円、浜松メタルワークス100百万円、センクシア600百万円、AlphaTheta4,000百万円、JLab1,000百万円
Annual Dividend
FY25
Annual¥74
FY26 forecast
Annual¥75
Interim¥37
End of period¥38
Payout ratio
FY2550 %
FY26 forecast48 %
Total payout ratio
FY2563
FY26 forecast66
DOE
FY253.5
FY26 forecast3.5
Acquisition of treasury shares
Maximum acquisition amount¥3,000,000,000
Maximum number of shares to be acquired¥1,600,000
単位（株数）Shares
Period2026年2月24日から2026年6月30日まで
Cancellation取得する自己株式の全株式数を2026年7月1日に消却予定
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period Covered2025年12月期 通期（FY25）
Net Sales¥119,223 million (YoY +11.9%)
Operating profit¥20,815 million (YoY +4.2%)
Net income¥15,639 million (YoY -3.0%)
Operating profit margin17.5
Results for the three months of the current quarterテイボーグループ、AlphaThetaの四半期単独の売上収益・事業EBITDA・事業EBITDAマージンを四半期推移グラフで掲載。連結全体の当四半期単独数値はNot disclosed。
Full-year earnings forecastRevenue ¥167,600 million / Business EBITDA ¥35,500 million / Operating profit ¥26,000 million / Profit for the period ¥16,800 million
Self-assessment against the planFY25は11月14日付修正予想を上回り着地
Segment resultsテイボーグループ Revenue ¥11,744 million (YoY -1.9%) / Business EBITDA ¥2,778 million (YoY -15.0%) / AlphaTheta Revenue ¥69,879 million (YoY +11.6%) / Business EBITDA ¥19,203 million (YoY +8.9%) / JLab Revenue ¥37,599 million (YoY +17.6%) / Business EBITDA ¥4,963 million (YoY +13.0%) / Corporate Expenses Business EBITDA ¥-1,218 million
Breakdown of Factors Affecting the ChangeFY25営業利益前年差 FY24 operating profit 200 Hundreds of millions of yen / Foreign Exchange Effects 4 Hundreds of millions of yen / テイボーグループ（部品・材料） -5 Hundreds of millions of yen / AlphaTheta（音響機器関連） 11 Hundreds of millions of yen / JLab（音響機器関連） 6 Hundreds of millions of yen / 全社費用その他 -2 Hundreds of millions of yen / Depreciation and Amortization -6 Hundreds of millions of yen / FY25 operating profit 208 Hundreds of millions of yen / FY25当期利益前年差 Operating profit 8 / Investing activities 8 / Financing activities -1 / Income tax expense -1 / Profit or loss from discontinued operations -19
Key KPIsIndicator name DJ equipment shipments / Value 210 thousand units / Year on year against the same period last year FY25 1Qから4Qで153千台から210千台, Indicator name MAU of DJ applications / Value 110 10,000 people / Year on year against the same period last year FY25 1Qから4Qで79万人から110万人, Indicator name センクシア従業員数 / Value 353 People / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 353 People / Subject センクシア、2025年3月末現在 / Change during the period Not disclosed / Hiring plan Not disclosed
Assumptions Underlying the Business OutlookAverage US dollar exchange rate ¥150 / Average euro exchange rate ¥178
Medium-term management plan targetsRevenue growth rate CAGR 10%以上 / Operating profit margin 15% or higher / FY30 ROE 10% or higher / Total payout ratio 50% or higher / FY30売上収益 ¥190.0 billion or more / FY30営業利益 285億円以上 / FY30事業EBITDA 380億円以上 / FY30事業EBITDAマージン 20% or higher
Financial targetsROE FY2025 actual results 約7.3% / FY30 target 10% or higher / Net Debt/事業EBITDA倍率 Target 3.0以下 / 株式取得後試算 0.1
Annual DividendFY25 Annual ¥74 / FY26 forecast Annual ¥75 / Interim ¥37 / End of period ¥38
Payout ratioFY25 50 % / FY26 forecast 48 % / Total payout ratio FY25 63 / FY26 forecast 66 / DOE FY25 3.5 / FY26 forecast 3.5
Acquisition of treasury sharesMaximum acquisition amount ¥3,000,000,000 / Maximum number of shares to be acquired ¥1,600,000 / 単位（株数） Shares / Period 2026年2月24日から2026年6月30日まで / Cancellation 取得する自己株式の全株式数を2026年7月1日に消却予定
Capital expendituresFY2025 actual results テイボー634百万円、浜松メタルワークス604百万円、AlphaTheta1,401百万円、JLab337百万円 / FY26 forecast テイボー2,500百万円、浜松メタルワークス100百万円、センクシア600百万円、AlphaTheta4,000百万円、JLab1,000百万円
Market Size / ShareJLabは100ドル以下イヤホンで足もと米国No.1。センクシアは基礎、デバイス、フロアでNo.1と記載。
New initiativesセンクシアを2026年2月から連結開始, センクシア取得による新領域M&Aおよび部品・材料セグメント強化, テイボーのペン先事業について譲渡を含む選択肢の検討開始, 自己株式取得および取得株式の消却, AlphaThetaのベトナム自社工場開設, DJ向け音楽ライブラリOneLibraryの実現, JLabの製品カテゴリ拡大とマーケティング投資
Items this document does not state (9)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber 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.

売上収益・営業利益は音響機器関連事業の成長による増収増益。当期利益は前期に計上した株式売却益19億円の反動で減益。テイボーグループは顧客の生産調整継続と原材料費・人件費高騰により減益となった一方、AlphaThetaはDJ機器の販売増、JLabはカテゴリ拡充やブランド認知向上により増収増益となった。

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Supplementary Materials for the Fiscal Year Ended December 2025 | Noritsu Koki Co.,Ltd. (7744) timely disclosure | Komori