Worth reading
55In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
12500
¥ million (increase in operating income forecast)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales207,103¥ millionYear on year +30.0%Progress 49.1%
Operating profit29,228¥ millionYear on year +125.1%Progress 55.1%
Ordinary income30,935¥ millionYear on year +91.0%Progress 55.7%
Net income attributable to owners of the parent24,371¥ millionYear on year +105.1%Progress 60.9%
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¥99.89
Financial position at period-end
Total assets484,211¥ million
of which net assets 316,920 ¥ millionEquity ratio 63.7%vs. prior year-end +1.1pt
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.
Cash inflows and outflows
Operating+18,164
Investment-10,652
Financials-10,907
Net change-3,395
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¥99,883 million
Segment revenueWatch business ¥117,051 million (YoY +31.0%), Machine Tools Business ¥53,974 million (YoY +40.1%), Device Business ¥36,077 million (YoY +15.1%)
Segment profitWatch business ¥22,484 million (YoY +91.1%), Machine Tools Business ¥6,849 million (YoY +157.7%), Device Business ¥3,202 million (YoY +98.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥422,000 million (YoY +21.7%)
Operating profit¥53,000 million (YoY +75.2%)
Ordinary income¥55,500 million (YoY +44.3%)
Net income¥40,000 million (YoY +28.6%)
Revision to Earnings ForecastNet Sales ¥395,000 million → ¥422,000 million（+6.8%） / Operating profit ¥40,500 million → ¥53,000 million（+30.9%） / Ordinary income ¥43,500 million → ¥55,500 million（+27.6%） / Profit attributable to owners of the parent ¥32,000 million → ¥40,000 million（+25.0%）
Annual Dividend Forecast¥47 → ¥53
Factors Behind Changes in Business Performance
Sales in the watch and machine tool businesses exceeded expectations and grew, while sales in the device business also remained strong. Operating profit benefited from higher revenue in each business as well as the refund of additional U.S. tariffs.
Disclosure regarding the going concern assumption
None
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 consolidationAdded: 0 companies; excluded: 0 companies
Impairment lossNone
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,586 million, Gain on sale of investment securities ¥309 million, Gain on liquidation of a subsidiary ¥872 million, Other ¥2 million / Extraordinary loss Loss on disposal of non-current assets ¥134 million, Loss on sale of fixed assets ¥2 million, Business restructuring expenses ¥30 million, Additional retirement benefits ¥476 million, Additional social insurance contributions ¥93 million, Customs duties and other charges relating to prior years ¥360 million, Other ¥34 million
Depreciation and amortization¥7,972 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End246,000,000
Treasury Shares at Period-End2,004,936
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥207,103 million (YoY +30.0%) |
| Operating profit | ¥29,228 million (YoY +125.1%) |
| Ordinary income | ¥30,935 million (YoY +91.0%) |
| Profit attributable to owners of the parent | ¥24,371 million (YoY +105.1%) |
| Net income per share | ¥99.89 |
| Equity ratio | End of the current fiscal period 63.7 / End of previous period 62.6 |
| Total assets | ¥484,211 million |
| Net assets | ¥316,920 million |
| Cash flows from operating activities | ¥18,164 million |
| Cash flows from investing activities | ¥-10,652 million |
| Cash flows from financing activities | ¥-10,907 million |
| Cash and cash equivalents at end of period | ¥99,883 million |
| Full-year earnings forecast | Net Sales ¥422,000 million (YoY +21.7%) / Operating profit ¥53,000 million (YoY +75.2%) / Ordinary income ¥55,500 million (YoY +44.3%) / Net income ¥40,000 million (YoY +28.6%) |
| Revision to Earnings Forecast | Net Sales ¥395,000 million → ¥422,000 million（+6.8%） / Operating profit ¥40,500 million → ¥53,000 million（+30.9%） / Ordinary income ¥43,500 million → ¥55,500 million（+27.6%） / Profit attributable to owners of the parent ¥32,000 million → ¥40,000 million（+25.0%） |
| Annual Dividend Forecast | ¥47 → ¥53 |
| Segment revenue | Watch business ¥117,051 million (YoY +31.0%), Machine Tools Business ¥53,974 million (YoY +40.1%), Device Business ¥36,077 million (YoY +15.1%) |
| Segment profit | Watch business ¥22,484 million (YoY +91.1%), Machine Tools Business ¥6,849 million (YoY +157.7%), Device Business ¥3,202 million (YoY +98.2%) |
| Depreciation and amortization | ¥7,972 million |
| Impairment loss | None |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1,586 million, Gain on sale of investment securities ¥309 million, Gain on liquidation of a subsidiary ¥872 million, Other ¥2 million / Extraordinary loss Loss on disposal of non-current assets ¥134 million, Loss on sale of fixed assets ¥2 million, Business restructuring expenses ¥30 million, Additional retirement benefits ¥476 million, Additional social insurance contributions ¥93 million, Customs duties and other charges relating to prior years ¥360 million, Other ¥34 million |
| Disclosure regarding the going concern assumption | None |
| 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 | Added: 0 companies; excluded: 0 companies |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 246,000,000 |
| Treasury Shares at Period-End | 2,004,936 |
| Factors Behind Changes in Business Performance | Sales in the watch and machine tool businesses exceeded expectations and grew, while sales in the device business also remained strong. Operating profit benefited from higher revenue in each business as well as the refund of additional U.S. tariffs. |
Items this document does not state (6)
Operating MarginPayout 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.Sales in the watch and machine tool businesses exceeded expectations and grew, while sales in the device business also remained strong. In addition, ¥3.6 billion of the ¥3.9 billion received in tariff refunds under the U.S. IEEPA was recognized as a reduction in cost of sales. The reasons given for revising the full-year forecasts were the interim consolidated results exceeding expectations, the refund of additional U.S. tariffs and a change in the assumed exchange rates.
How to read this page
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