Worth reading
80Important
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
150
¥100 million (increase from the previous full-year revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter 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¥170,450 million+23.4%
Operating profit¥8,460 million+30.5%
Ordinary income¥8,864 million+42.0%
Net income¥6,874 million+49.0%
Gross Profit Margin13.4%
Operating profit margin5.0%
Selling, general and administrative expenses¥14,347 million
Results for the three months of the current quarter
Net Sales
¥170,450 million
Operating profit
¥8,460 million
Ordinary income
¥8,864 million
Net income
¥6,874 million
Full-year earnings forecast
Net Sales
¥660,000 million
Operating profit
¥30,000 million
Ordinary income
¥30,000 million
Profit attributable to owners of the parent
¥22,000 million
EPS
¥461.61
ROE
11.4%
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。
Consolidated
Net Sales26.4%
Operating profit29.7%
Ordinary income31.7%
Profit attributable to owners of the parent34.4%
Segment
Electronic components
Net Sales27.5%
Segment profit36.3%
Information Equipment
Net Sales23.3%
Segment profit15.3%
Software
Net Sales18.8%
Segment profit12.4%
Other
Net Sales15.9%
Segment profit11.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing at a pace exceeding expectationsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Electronic components+¥34.5 billion
協栄産業+¥17.1 billion
Sales volume+¥13.4 billion
Spot+¥4.0 billion
Information Equipment+¥1.3 billion
Software+¥100 million
Other−¥3.5 billion
Foreign Exchange Effects+¥6.1 billion
Operating profit
Gross profit+¥4.3 billion
Sales volume+¥1.5 billion
Spot+¥0.3 billion
協栄産業+¥2.6 billion
Personnel Expenses-¥1.5 billion
Packing and freight costs-¥300 million
Selling, general and administrative expenses−¥2.3 billion
Foreign Exchange Effects+¥240 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US dollars¥150.00
Renminbi¥21.00 per yuan
Thai baht¥4.80
Hong Kong dollar¥20.00
Euro¥175.00
New initiatives
- TOB and share consolidation aimed at making 新光商事 a consolidated subsidiary and a wholly owned subsidiary
- Sharing 新光商事's LSI Design Center and engineering resources of more than 300 people
- Increasing the value added of 新光商事's assembly business by utilizing 加賀電子's EMS production infrastructure
Key KPIsA metric the company considers important as a management benchmark.
EPS
¥144.24+64.3%
Exchange rate (yen/US$)
¥159.49 /US$
Current ratio
192.5%
Debt-to-equity ratio
0.17x
Net debt-to-equity ratio
−0.28x
Inventory turnover days (company-wide)
60.1 days
Accounts receivable turnover days
96.0 days
Accounts payable turnover days
60.0 days
Segment results
Electronic components
Net Sales
¥150,975 million
Year-on-year change in revenue+29.6%
Segment profit
¥7,254 million
Year-on-year change in profit+71.6%
Information Equipment
Net Sales
¥13,406 million
Year-on-year change in revenue+10.6%
Segment profit
¥766 million
Year-on-year change in profit△6.6%
Software
Net Sales
¥656 million
Year-on-year change in revenue+11.1%
Segment profit
¥62 million
Year on year against the same period last year¥42 million loss in the same period of the previous year
Other
Net Sales
¥5,411 million
Year-on-year change in revenue△39.3%
Segment profit
¥338 million
Year-on-year change in profit△75.1%
Medium-term management plan targets
FY2028 revenue¥1 trillion
Financial targets
ROE
Full-year forecast11.4%
Previous-year actual17.8%
Annual Dividend
Annual¥140
Interim¥70
End of period¥70
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥170,450 million (YoY +23.4%) |
| Operating profit | ¥8,460 million (YoY +30.5%) |
| Ordinary income | ¥8,864 million (YoY +42.0%) |
| Net income | ¥6,874 million (YoY +49.0%) |
| Gross Profit Margin | 13.4% |
| Operating profit margin | 5.0% |
| Selling, general and administrative expenses | ¥14,347 million |
| Results for the three months of the current quarter | Net Sales ¥170,450 million / Operating profit ¥8,460 million / Ordinary income ¥8,864 million / Net income ¥6,874 million |
| Full-year earnings forecast | Net Sales ¥660,000 million / Operating profit ¥30,000 million / Ordinary income ¥30,000 million / Profit attributable to owners of the parent ¥22,000 million / EPS ¥461.61 / ROE 11.4% |
| Progress against full-year forecast | Consolidated Net Sales 26.4% / Operating profit 29.7% / Ordinary income 31.7% / Profit attributable to owners of the parent 34.4% / Segment Electronic components Net Sales 27.5% / Segment profit 36.3% / Information Equipment Net Sales 23.3% / Segment profit 15.3% / Software Net Sales 18.8% / Segment profit 12.4% / Other Net Sales 15.9% / Segment profit 11.3% |
| Self-assessment against the plan | Progressing at a pace exceeding expectations |
| Segment results | Electronic components Net Sales ¥150,975 million / Year-on-year change in revenue +29.6% / Segment profit ¥7,254 million / Year-on-year change in profit +71.6% / Information Equipment Net Sales ¥13,406 million / Year-on-year change in revenue +10.6% / Segment profit ¥766 million / Year-on-year change in profit △6.6% / Software Net Sales ¥656 million / Year-on-year change in revenue +11.1% / Segment profit ¥62 million / Year on year against the same period last year ¥42 million loss in the same period of the previous year / Other Net Sales ¥5,411 million / Year-on-year change in revenue △39.3% / Segment profit ¥338 million / Year-on-year change in profit △75.1% |
| Breakdown of Factors Affecting the Change | Net Sales Electronic components +¥34.5 billion / 協栄産業 +¥17.1 billion / Sales volume +¥13.4 billion / Spot +¥4.0 billion / Information Equipment +¥1.3 billion / Software +¥100 million / Other −¥3.5 billion / Foreign Exchange Effects +¥6.1 billion / Operating profit Gross profit +¥4.3 billion / Sales volume +¥1.5 billion / Spot +¥0.3 billion / 協栄産業 +¥2.6 billion / Personnel Expenses -¥1.5 billion / Packing and freight costs -¥300 million / Selling, general and administrative expenses −¥2.3 billion / Foreign Exchange Effects +¥240 million |
| Key KPIs | EPS ¥144.24 (YoY +64.3%) / Exchange rate (yen/US$) ¥159.49 /US$ / Current ratio 192.5% / Debt-to-equity ratio 0.17x / Net debt-to-equity ratio −0.28x / Inventory turnover days (company-wide) 60.1 days / Accounts receivable turnover days 96.0 days / Accounts payable turnover days 60.0 days |
| Assumptions Underlying the Business Outlook | Exchange rate US dollars ¥150.00 / Renminbi ¥21.00 per yuan / Thai baht ¥4.80 / Hong Kong dollar ¥20.00 / Euro ¥175.00 |
| Medium-term management plan targets | FY2028 revenue ¥1 trillion |
| Financial targets | ROE Full-year forecast 11.4% / Previous-year actual 17.8% |
| Annual Dividend | Annual ¥140 / Interim ¥70 / End of period ¥70 |
| New initiatives | TOB and share consolidation aimed at making 新光商事 a consolidated subsidiary and a wholly owned subsidiary, Sharing 新光商事's LSI Design Center and engineering resources of more than 300 people, Increasing the value added of 新光商事's assembly business by utilizing 加賀電子's EMS production infrastructure |
Items this document does not state (10)
Unit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition 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.As first-quarter results progressed at a pace exceeding expectations, the forecasts for revenue and all profit levels were revised upward. In the electronic components business, the increase in memory product sales, higher prices, spot sales and the new consolidation of 協栄産業 contributed to results, while PC sales were strong in the information equipment business. The impact of 新光商事's performance from the second quarter onward is currently being reviewed in detail and has not been incorporated into this revision.
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.