Worth reading
47Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
4.4
%Wording
Conditional
How definitive the wording is.Results for this period
First quarter2024年4月1日〜2024年6月30日ConsolidatedJapanese GAAPNet Sales75,888¥ millionYear on year +4.4%Progress 24.5%
Operating profit4,684¥ millionYear on year -15.4%Progress 20.4%
Ordinary income7,347¥ millionYear on year -8.2%Progress 28.8%
Net income attributable to owners of the parent8,543¥ millionYear on year +36.0%
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¥35.04
Financial position at period-end
Total assets432,274¥ million
of which net assets 266,654 ¥ millionEquity ratio 59.7%vs. prior year-end +0.1pt
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 ¥41,115 million (YoY +10.9%), Machine-tool Business ¥17,927 million (YoY -8.2%), Device business ¥10,501 million (YoY -3.6%), 電子機器他事業 ¥6,344 million (YoY +21.8%)
Segment profitClock Business ¥3,641 million (YoY -19.7%), Machine-tool Business ¥1,314 million (YoY -43.9%), Device business ¥418 million (YoY +770.1%), 電子機器他事業 ¥864 million (YoY +476.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥310,000 million (YoY -0.9%)
Operating profit¥23,000 million (YoY -8.3%)
Ordinary income¥25,500 million (YoY -17.2%)
Profit attributable to owners of the parent¥22,000 million (YoY -4.2%)
Annual Dividend Forecast¥40 → ¥45（+12.5%）
Factors Behind Changes in Business Performance
時計事業が堅調に推移し売上高が増加した。営業利益は「CITIZEN」ブランド時計100周年に伴う宣伝費の増加等で減少し、親会社株主に帰属する四半期純利益は投資有価証券売却益等で増加した。
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Yes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 consolidationNone (no additions or exclusions)
Impairment loss当第1四半期は計上なし（損益計算書の表示は「－」）
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥392 million, Gain on sale of investment securities ¥4,866 million, Other ¥4 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥14 million, Loss on sale of fixed assets ¥0 million, Impairment Losses －, Business restructuring expenses ¥0 million, Impairment loss on investment securities －, Other ¥1 million
Depreciation and amortization¥3,311 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End246,000,000株
Treasury Shares at Period-End2,179,003株
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2024年4月1日〜2024年6月30日 |
| Net Sales | ¥75,888 million (YoY +4.4%) |
| Operating profit | ¥4,684 million (YoY -15.4%) |
| Ordinary income | ¥7,347 million (YoY -8.2%) |
| Profit attributable to owners of the parent | ¥8,543 million (YoY +36.0%) |
| Net income per share | ¥35.04 |
| Equity ratio | End of the current fiscal period 59.7 / End of previous period 59.6 |
| Total assets | ¥432,274 million |
| Net assets | ¥266,654 million |
| Full-year earnings forecast | Net Sales ¥310,000 million (YoY -0.9%) / Operating profit ¥23,000 million (YoY -8.3%) / Ordinary income ¥25,500 million (YoY -17.2%) / Profit attributable to owners of the parent ¥22,000 million (YoY -4.2%) |
| Annual Dividend Forecast | ¥40 → ¥45（+12.5%） |
| Segment revenue | Clock Business ¥41,115 million (YoY +10.9%), Machine-tool Business ¥17,927 million (YoY -8.2%), Device business ¥10,501 million (YoY -3.6%), 電子機器他事業 ¥6,344 million (YoY +21.8%) |
| Segment profit | Clock Business ¥3,641 million (YoY -19.7%), Machine-tool Business ¥1,314 million (YoY -43.9%), Device business ¥418 million (YoY +770.1%), 電子機器他事業 ¥864 million (YoY +476.1%) |
| Depreciation and amortization | ¥3,311 million |
| Impairment loss | 当第1四半期は計上なし（損益計算書の表示は「－」） |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥392 million, Gain on sale of investment securities ¥4,866 million, Other ¥4 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥14 million, Loss on sale of fixed assets ¥0 million, Impairment Losses －, Business restructuring expenses ¥0 million, Impairment loss on investment securities －, Other ¥1 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | None (no additions or exclusions) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 246,000,000株 |
| Treasury Shares at Period-End | 2,179,003株 |
| Factors Behind Changes in Business Performance | 時計事業が堅調に推移し売上高が増加した。営業利益は「CITIZEN」ブランド時計100周年に伴う宣伝費の増加等で減少し、親会社株主に帰属する四半期純利益は投資有価証券売却益等で増加した。 |
Items this document does not state (11)
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 backlogMaterial 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.時計事業が堅調に推移し、ブランド品や新商品の販売、インバウンド需要などにより売上高が増加した。営業利益は「CITIZEN」ブランド時計100周年に伴う宣伝費の増加等により減少し、純利益は投資有価証券の売却益等により増加した。
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.