Worth reading
39Recurring
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
3.8
%Wording
Conditional
How definitive the wording is.Results for this period
Third quarter2023年４月１日～2023年12月31日ConsolidatedJapanese GAAPNet Sales238,894¥ millionYear on year +3.8%Progress 77.1%
Operating profit23,416¥ millionYear on year +11.3%Progress 93.7%
Ordinary income27,478¥ millionYear on year +12.4%Progress 96.4%
Net income attributable to owners of the parent20,690¥ millionYear on year +5.0%
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 share¥84.19
Financial position at period-end
Total assets403,608¥ million
of which net assets 243,230 ¥ millionEquity ratio 58.2%vs. prior year-end +0.7pt
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 ¥127,230 million (YoY +8.4%), Machine-tool Business ¥62,177 million (YoY -1.9%), Device business ¥32,520 million (YoY -4.9%), 電子機器他事業 ¥16,966 million (YoY +11.3%)
Segment profitClock Business ¥18,449 million (YoY +16.9%), Machine-tool Business ¥7,518 million (YoY -10.9%), Device business ¥432 million, 電子機器他事業 ¥1,305 million (YoY +33.7%)
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¥28,500 million (YoY -2.1%)
Profit attributable to owners of the parent¥21,000 million (YoY -3.8%)
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。時計事業はグローバルブランド、プレミアムブランド及び機械式時計の強化、売上高の上昇と継続的な収益性改善が寄与した。工作機械事業は部材価格の高騰等で減益、デバイス事業は固定費削減で増益、電子機器他事業はイベント需要の拡大等で増収増益となった。
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
Changes in the scope of consolidation重要な子会社の異動 No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed
Impairment loss¥2 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥37 million, Gain on sale of investment securities ¥554 million, Other ¥13 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥447 million, Loss on sale of fixed assets ¥28 million, Impairment Losses ¥2 million, Business restructuring expenses ¥8 million, Impairment Loss on Investment Securities ¥41 million, Other ¥13 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
Treasury Shares at Period-End2,177,673
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2023年４月１日～2023年12月31日 |
| Net Sales | ¥238,894 million (YoY +3.8%) |
| Operating profit | ¥23,416 million (YoY +11.3%) |
| Ordinary income | ¥27,478 million (YoY +12.4%) |
| Profit attributable to owners of the parent | ¥20,690 million (YoY +5.0%) |
| Net income per share | ¥84.19 |
| Equity ratio | End of the current fiscal period 58.2 % / End of previous period 57.5 % |
| Total assets | ¥403,608 million |
| Net assets | ¥243,230 million |
| Full-year earnings forecast | Net Sales ¥310,000 million (YoY +2.9%) / Operating profit ¥25,000 million (YoY +5.4%) / Ordinary income ¥28,500 million (YoY -2.1%) / Profit attributable to owners of the parent ¥21,000 million (YoY -3.8%) |
| Annual Dividend Forecast | ¥34 → ¥40 |
| Segment revenue | Clock Business ¥127,230 million (YoY +8.4%), Machine-tool Business ¥62,177 million (YoY -1.9%), Device business ¥32,520 million (YoY -4.9%), 電子機器他事業 ¥16,966 million (YoY +11.3%) |
| Segment profit | Clock Business ¥18,449 million (YoY +16.9%), Machine-tool Business ¥7,518 million (YoY -10.9%), Device business ¥432 million, 電子機器他事業 ¥1,305 million (YoY +33.7%) |
| Impairment loss | ¥2 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥37 million, Gain on sale of investment securities ¥554 million, Other ¥13 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥447 million, Loss on sale of fixed assets ¥28 million, Impairment Losses ¥2 million, Business restructuring expenses ¥8 million, Impairment Loss on Investment Securities ¥41 million, Other ¥13 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 |
| Changes in the scope of consolidation | 重要な子会社の異動 No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed |
| 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 |
| Treasury Shares at Period-End | 2,177,673 |
| Factors Behind Changes in Business Performance | 主に時計事業が堅調に推移した。時計事業はグローバルブランド、プレミアムブランド及び機械式時計の強化、売上高の上昇と継続的な収益性改善が寄与した。工作機械事業は部材価格の高騰等で減益、デバイス事業は固定費削減で増益、電子機器他事業はイベント需要の拡大等で増収増益となった。 |
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 periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationMaterial 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.主に時計事業が堅調に推移したことにより増収増益となった。時計事業ではグローバルブランド、プレミアムブランド、機械式時計の強化や継続的な収益性改善が寄与した。
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.