Worth reading
66In focus
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
35
¥100 millionWording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportSecond quarter (interim period) of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,719 100 million+11.0%
Operating profit¥366 100 million+45.0%
Ordinary income¥360 100 million+48.0%
Net income¥244 100 million+51.0%
Selling, general and administrative expenses¥640 100 million
Full-year earnings forecast
Earnings
¥11,500 100 million
Profit from Operating Activities
¥600 100 million
Pretax profit
¥560 100 million
Profit attributable to owners of the parent
¥385 100 million
Annual dividend per share
77 Yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Earnings50%
Profit from Operating Activities61%
Pretax profit64%
Profit attributable to owners of the parent63%
By segmentICT Solutions: revenue 54%, profit from operating activities 51%, profit attributable to owners of the parent 52%; Electronics and Devices: revenue 49%, profit from operating activities 62%, profit attributable to owners of the parent 62%; Food: revenue 49%, profit from operating activities 75%, profit attributable to owners of the parent 74%; Steel, Materials and Plants: revenue 49%, profit from operating activities 59%, profit attributable to owners of the parent 72%; Vehicles and Aviation: revenue 53%, profit from operating activities 66%, profit attributable to owners of the parent 70%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Exceeding the initial assumptionsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- ICT Solutions¥600 million increase in operating income
- Electronics and Devices¥2.5 billion increase in profit
- Food¥2.5 billion increase in profit
- Steel, Materials and Plants¥1.2 billion increase in profit
- Vehicles and Aviation¥1.2 billion increase in profit
New initiatives
- Execution of investment in new businesses
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio30.2 %Year on year against the same period last yearUp 1.8 percentage points year on year
- Net debt-to-equity ratio0.45 timesYear on year against the same period last yearFlat year on year
- PBR1.67 timesYear on year against the same period last yearDown 0.09x year on year
- ROE17 %
- ROIC9.1 %
Segment results
- ICT SolutionsEarnings626Profit from Operating Activities83Interim profit attributable to owners of the parent57Revenue year on year+19%Year-on-year change in profit from operating activities+7%Interim profit attributable to owners of parent, YoY+11%
- Electronics and DevicesEarnings1,582Profit from Operating Activities117Interim profit attributable to owners of the parent78Revenue year on year+17%Year-on-year change in profit from operating activities+45%Interim profit attributable to owners of parent, YoY+46%
- FoodEarnings1,866Profit from Operating Activities81Interim profit attributable to owners of the parent47Revenue year on year+3%Year-on-year change in profit from operating activities+108%Interim profit attributable to owners of parent, YoY+108%
- Steel, Materials and PlantsEarnings950Profit from Operating Activities47Interim profit attributable to owners of the parent32Revenue year on year+17%Year-on-year change in profit from operating activities+52%Interim profit attributable to owners of parent, YoY+62%
- Vehicles and AviationEarnings685Profit from Operating Activities41Interim profit attributable to owners of the parent29Revenue year on year+13%Year-on-year change in profit from operating activities+50%Interim profit attributable to owners of parent, YoY+77%
- Other (including adjustments)Earnings10Profit from Operating Activities-2Interim profit attributable to owners of the parent1
Medium-term management plan targets
ROE16～18%
ROIC8% or higher
Comparison with actual resultsBoth ROE and ROIC are tracking at target levels
Financial targets
ROE
Target16～18%
Actual results17.0%
ROIC
Target8% or higher
Actual results9.1%
Annual Dividend
Annual77 Yen
Downside floor63 Yen
Payout ratio
Consolidated payout ratio33.3 %
Total payout ratio30～35%
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥5,719 100 million (YoY +11.0%) |
| Operating profit | ¥366 100 million (YoY +45.0%) |
| Ordinary income | ¥360 100 million (YoY +48.0%) |
| Net income | ¥244 100 million (YoY +51.0%) |
| Selling, general and administrative expenses | ¥640 100 million |
| Full-year earnings forecast | Earnings ¥11,500 100 million / Profit from Operating Activities ¥600 100 million / Pretax profit ¥560 100 million / Profit attributable to owners of the parent ¥385 100 million / Annual dividend per share 77 Yen |
| Progress against full-year forecast | Earnings 50% / Profit from Operating Activities 61% / Pretax profit 64% / Profit attributable to owners of the parent 63% / By segment ICT Solutions: revenue 54%, profit from operating activities 51%, profit attributable to owners of the parent 52%; Electronics and Devices: revenue 49%, profit from operating activities 62%, profit attributable to owners of the parent 62%; Food: revenue 49%, profit from operating activities 75%, profit attributable to owners of the parent 74%; Steel, Materials and Plants: revenue 49%, profit from operating activities 59%, profit attributable to owners of the parent 72%; Vehicles and Aviation: revenue 53%, profit from operating activities 66%, profit attributable to owners of the parent 70% |
| Self-assessment against the plan | Exceeding the initial assumptions |
| Segment results | Segment ICT Solutions / Earnings 626 / Profit from Operating Activities 83 / Interim profit attributable to owners of the parent 57 / Revenue year on year +19% / Year-on-year change in profit from operating activities +7% / Interim profit attributable to owners of parent, YoY +11%, Segment Electronics and Devices / Earnings 1,582 / Profit from Operating Activities 117 / Interim profit attributable to owners of the parent 78 / Revenue year on year +17% / Year-on-year change in profit from operating activities +45% / Interim profit attributable to owners of parent, YoY +46%, Segment Food / Earnings 1,866 / Profit from Operating Activities 81 / Interim profit attributable to owners of the parent 47 / Revenue year on year +3% / Year-on-year change in profit from operating activities +108% / Interim profit attributable to owners of parent, YoY +108%, Segment Steel, Materials and Plants / Earnings 950 / Profit from Operating Activities 47 / Interim profit attributable to owners of the parent 32 / Revenue year on year +17% / Year-on-year change in profit from operating activities +52% / Interim profit attributable to owners of parent, YoY +62%, Segment Vehicles and Aviation / Earnings 685 / Profit from Operating Activities 41 / Interim profit attributable to owners of the parent 29 / Revenue year on year +13% / Year-on-year change in profit from operating activities +50% / Interim profit attributable to owners of parent, YoY +77%, Segment Other (including adjustments) / Earnings 10 / Profit from Operating Activities -2 / Interim profit attributable to owners of the parent 1 / Revenue year on year Not disclosed / Year-on-year change in profit from operating activities Not disclosed / Interim profit attributable to owners of parent, YoY Not disclosed |
| Breakdown of Factors Affecting the Change | Factors ICT Solutions / Amount ¥600 million increase in operating income, Factors Electronics and Devices / Amount ¥2.5 billion increase in profit, Factors Food / Amount ¥2.5 billion increase in profit, Factors Steel, Materials and Plants / Amount ¥1.2 billion increase in profit, Factors Vehicles and Aviation / Amount ¥1.2 billion increase in profit |
| Key KPIs | Indicator name Equity ratio / Value 30.2 % / Year on year against the same period last year Up 1.8 percentage points year on year, Indicator name Net debt-to-equity ratio / Value 0.45 times / Year on year against the same period last year Flat year on year, Indicator name PBR / Value 1.67 times / Year on year against the same period last year Down 0.09x year on year, Indicator name ROE / Value 17 % / Year on year against the same period last year Not disclosed, Indicator name ROIC / Value 9.1 % / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | ROE 16～18% / ROIC 8% or higher / Comparison with actual results Both ROE and ROIC are tracking at target levels |
| Financial targets | ROE Target 16～18% / Actual results 17.0% / ROIC Target 8% or higher / Actual results 9.1% |
| Annual Dividend | Annual 77 Yen / Interim Not disclosed / End of period Not disclosed / Downside floor 63 Yen |
| Payout ratio | Consolidated payout ratio 33.3 % / Total payout ratio 30～35% |
| New initiatives | Execution of investment in new businesses |
Items this document does not state (13)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.ICT solutions, electronics and devices, food, livestock, and energy performed strongly, exceeding initial expectations. However, as the company expects demand for securing products, driven by the situation in the Middle East, to pull back in the second half, along with the occurrence of investment-related expenses, it raised its full-year forecast for profit for the period by ¥3.5 billion.
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.