Worth reading
46Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Results for this period
First quarter2023年4月1日〜2023年6月30日ConsolidatedJapanese GAAPNet Sales72,695¥ millionYear on year +1.9%Progress 23.5%
Operating profit5,537¥ millionYear on year -0.9%Progress 22.1%
Ordinary income8,001¥ millionYear on year -6.5%Progress 30.8%
Net income attributable to owners of the parent6,280¥ millionYear on year -13.5%Progress 31.4%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share25.16円
Financial position at period-end
Total assets402,384¥ million
of which net assets 235,037 ¥ millionEquity ratio 56.3%vs. prior year-end -1.2pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueClock Business ¥37,071 million (YoY +5.5%), Machine-tool Business ¥19,527 million (YoY -2.2%), Device business ¥10,888 million (YoY -1.0%), 電子機器他事業 ¥5,207 million (YoY -0.7%)
Segment profitClock Business ¥4,532 million (YoY +14.8%), Machine-tool Business ¥2,343 million (YoY -13.4%), Device business ¥48 million, 電子機器他事業 ¥150 million (YoY -56.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥310,000 million (YoY +2.9%)
Operating profit¥25,000 million (YoY +5.4%)
Ordinary income¥26,000 million (YoY -10.6%)
Net income¥20,000 million (YoY -8.4%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥34 → ¥40
Factors Behind Changes in Business Performance
主に時計事業が堅調に推移した。時計事業では中核ブランドの好調、インバウンド需要の回復、欧州・アジア市場の増収、EC販売やトラベル流通などが寄与した。工作機械事業では中国・アジア市場の低迷、デバイス事業では自動車部品・水晶デバイス等の需要減速、電子機器他事業ではプリンター需要の停滞や体温計需要の減少などが影響した。
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Impairment loss¥2 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥11 million, Gain on sale of investment securities ¥554 million, Other ¥1 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥26 million, Loss on sale of fixed assets ¥3 million, Impairment Losses ¥2 million, Business restructuring expenses ¥2 million, Impairment loss on investment securities ¥22 million, Other ¥4 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For analysts
Issued Shares at Period-End246,000,000 Shares
Treasury Shares at Period-End2,209,950 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2023年4月1日〜2023年6月30日 |
| Net Sales | ¥72,695 million (YoY +1.9%) |
| Operating profit | ¥5,537 million (YoY -0.9%) |
| Ordinary income | ¥8,001 million (YoY -6.5%) |
| Profit attributable to owners of the parent | ¥6,280 million (YoY -13.5%) |
| Net income per share | 25.16円 |
| Equity ratio | End of the current fiscal period 56.3 % / End of previous period 57.5 % |
| Total assets | ¥402,384 million |
| Net assets | ¥235,037 million |
| Full-year earnings forecast | Net Sales ¥310,000 million (YoY +2.9%) / Operating profit ¥25,000 million (YoY +5.4%) / Ordinary income ¥26,000 million (YoY -10.6%) / Net income ¥20,000 million (YoY -8.4%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥34 → ¥40 |
| Segment revenue | Clock Business ¥37,071 million (YoY +5.5%), Machine-tool Business ¥19,527 million (YoY -2.2%), Device business ¥10,888 million (YoY -1.0%), 電子機器他事業 ¥5,207 million (YoY -0.7%) |
| Segment profit | Clock Business ¥4,532 million (YoY +14.8%), Machine-tool Business ¥2,343 million (YoY -13.4%), Device business ¥48 million, 電子機器他事業 ¥150 million (YoY -56.8%) |
| Impairment loss | ¥2 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥11 million, Gain on sale of investment securities ¥554 million, Other ¥1 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥26 million, Loss on sale of fixed assets ¥3 million, Impairment Losses ¥2 million, Business restructuring expenses ¥2 million, Impairment loss on investment securities ¥22 million, Other ¥4 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person For analysts |
| Issued Shares at Period-End | 246,000,000 Shares |
| Treasury Shares at Period-End | 2,209,950 Shares |
| Factors Behind Changes in Business Performance | 主に時計事業が堅調に推移した。時計事業では中核ブランドの好調、インバウンド需要の回復、欧州・アジア市場の増収、EC販売やトラベル流通などが寄与した。工作機械事業では中国・アジア市場の低迷、デバイス事業では自動車部品・水晶デバイス等の需要減速、電子機器他事業ではプリンター需要の停滞や体温計需要の減少などが影響した。 |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationChanges in the scope of consolidationMaterial subsequent events
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.売上高は主に時計事業が堅調に推移したことで増加した。時計事業では中核ブランド、インバウンド需要、欧州・アジア市場、EC販売やトラベル流通などが寄与した一方、工作機械事業では中国・アジア市場の低迷、デバイス事業では自動車部品や水晶デバイスの需要減速、電子機器他事業ではプリンターや体温計の需要減少などが影響した。時計事業の営業利益については、売上高の上昇と継続的な収益性改善に向けた取り組みが寄与したと説明しているが、連結営業利益全体の減益理由は明示していない。
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.