Worth reading
49Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
17.9
% (year-on-year decline in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year2024年4月1日〜2025年3月31日ConsolidatedJapanese GAAPNet Sales316,885¥ millionYear on year +1.3%Progress 99.6%
Operating profit20,592¥ millionYear on year -17.9%Progress 103.0%
Ordinary income23,024¥ millionYear on year -25.3%Progress 104.7%
Net income attributable to owners of the parent23,876¥ millionYear on year +4.0%Progress 119.4%
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 share97.91円
Operating Margin6.5%
Financial position at period-end
Total assets415,552¥ million
of which net assets 264,147 ¥ millionEquity ratio 61.6%vs. prior year-end +2.0pt
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.
Cash inflows and outflows
Operating+35,765
Investment-10,032
Financials-12,542
Net change+13,191
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥92,597 million
Segment revenueClock Business ¥177,121 million (YoY +6.6%), Machine-tool Business ¥74,318 million (YoY -9.0%), Device business ¥40,464 million (YoY -4.8%), 電子機器他事業 ¥24,981 million (YoY +11.0%)
Segment profitClock Business ¥17,886 million (YoY -9.9%), Machine-tool Business ¥5,669 million (YoY -37.2%), Device business ¥479 million (YoY +3.4%), 電子機器他事業 ¥2,760 million (YoY +73.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥318,000 million (YoY +0.4%)
Operating profit¥20,000 million (YoY -2.9%)
Ordinary income¥22,000 million (YoY -4.4%)
Net income¥20,000 million (YoY -16.2%)
Annual Dividend Forecast¥40 → ¥47（+17.5%）
Payout ratio57.3%
Factors Behind Changes in Business Performance
時計事業では、プレミアムブランド、グローバルブランド、機械式時計の強化、インバウンド需要、EC販売などが増収に寄与した。一方、中国の景気低迷による売上減少、時計100周年に伴う宣伝費増加、工作機械事業の売上減少と製品ミックスの影響が減益要因となった。デバイス事業は固定費削減により増益、電子機器他事業は新製品の拡販などにより増収増益となった。
Disclosure regarding the going concern assumption
Not applicable (no matters to report in the notes on the going concern assumption)
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 consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsNo applicable matters.
Impairment loss¥1,209 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥7,562 million, Gain on sale of non-current assets ¥616 million, Other ¥68 million / Extraordinary loss Loss on sale of fixed assets ¥10 million, Loss on Disposal of Fixed Assets ¥124 million, Impairment Losses ¥1,209 million, Impairment Loss on Investment Securities ¥73 million, Business restructuring expenses ¥58 million, Additional retirement benefits ¥208 million, Other ¥53 million
Depreciation and amortization¥13,596 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End246,000,000
Treasury Shares at Period-End2,131,730
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2024年4月1日〜2025年3月31日 |
| Net Sales | ¥316,885 million (YoY +1.3%) |
| Operating profit | ¥20,592 million (YoY -17.9%) |
| Ordinary income | ¥23,024 million (YoY -25.3%) |
| Profit attributable to owners of the parent | ¥23,876 million (YoY +4.0%) |
| Net income per share | 97.91円 |
| Operating Margin | 6.5% |
| Equity ratio | End of the current fiscal period 61.6% / End of previous period 59.6% |
| Total assets | ¥415,552 million |
| Net assets | ¥264,147 million |
| Cash flows from operating activities | ¥35,765 million |
| Cash flows from investing activities | ¥-10,032 million |
| Cash flows from financing activities | ¥-12,542 million |
| Cash and cash equivalents at end of period | ¥92,597 million |
| Full-year earnings forecast | Net Sales ¥318,000 million (YoY +0.4%) / Operating profit ¥20,000 million (YoY -2.9%) / Ordinary income ¥22,000 million (YoY -4.4%) / Net income ¥20,000 million (YoY -16.2%) |
| Annual Dividend Forecast | ¥40 → ¥47（+17.5%） |
| Payout ratio | 57.3% |
| Segment revenue | Clock Business ¥177,121 million (YoY +6.6%), Machine-tool Business ¥74,318 million (YoY -9.0%), Device business ¥40,464 million (YoY -4.8%), 電子機器他事業 ¥24,981 million (YoY +11.0%) |
| Segment profit | Clock Business ¥17,886 million (YoY -9.9%), Machine-tool Business ¥5,669 million (YoY -37.2%), Device business ¥479 million (YoY +3.4%), 電子機器他事業 ¥2,760 million (YoY +73.8%) |
| Depreciation and amortization | ¥13,596 million |
| Impairment loss | ¥1,209 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥7,562 million, Gain on sale of non-current assets ¥616 million, Other ¥68 million / Extraordinary loss Loss on sale of fixed assets ¥10 million, Loss on Disposal of Fixed Assets ¥124 million, Impairment Losses ¥1,209 million, Impairment Loss on Investment Securities ¥73 million, Business restructuring expenses ¥58 million, Additional retirement benefits ¥208 million, Other ¥53 million |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| 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 | New 0 / Excluded 0 / Company name None |
| Material subsequent events | No applicable matters. |
| 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 |
| Treasury Shares at Period-End | 2,131,730 |
| Factors Behind Changes in Business Performance | 時計事業では、プレミアムブランド、グローバルブランド、機械式時計の強化、インバウンド需要、EC販売などが増収に寄与した。一方、中国の景気低迷による売上減少、時計100周年に伴う宣伝費増加、工作機械事業の売上減少と製品ミックスの影響が減益要因となった。デバイス事業は固定費削減により増益、電子機器他事業は新製品の拡販などにより増収増益となった。 |
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlog
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.時計事業の堅調な推移などにより増収となった一方、中国の売上高減少や時計ブランド周年に伴う宣伝費増加、工作機械事業の売上減少と製品ミックスの影響などにより営業利益が減少した。今後は米国の関税政策、中国の景気低迷、インフレ懸念などを前提とし、追加関税の影響は値上げ等で概ね吸収できると見込んでいる。
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.