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
240
¥ million (year-on-year increase in consolidated net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationThird quarter of the fiscal year ending June 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,057 million+8.5%
Operating profit¥509 million+11.7%
Ordinary income¥519 million+20.4%
Net income¥366 million+19.3%
Gross Profit Margin43.6%
Operating profit margin16.7%
Selling, general and administrative expenses¥823 million
Results for the three months of the current quarter
Net Sales
¥1,036 million+8.7%
Operating profit
¥189 million+12.6%
Ordinary income
¥188 million+23.4%
Net income
¥130 million+22.7%
Full-year earnings forecast
Net Sales
¥4,013 million
Operating profit
¥746 million
Ordinary income
¥725 million
Net income for the current fiscal year
¥504 million
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。
Net Sales76.2%
Operating profit68.3%
Ordinary income71.6%
Net income for the current fiscal year72.6%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Materials costsUp 37.5% year on year
Labor CostsUp 15.8% year on year
Non-operating income+¥10 million (interest income +¥6 million, reversal of allowance for doubtful accounts +¥4 million)
Non-Operating Expenses-¥24 million (including a decrease in foreign exchange losses)
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed Exchange Rates
Dollar¥145
Euro¥172
Quarterly sales composition ratioFourth quarter 23.8%
Operating profit composition ratioFourth quarter 31.7%
New initiatives
- Digital renewal of AIS (lingual orthodontic appliances) and launch in summer 2026
- Sales promotion for aligners and soft dentures using LuxCreo 3D printers
- Capital and business alliance with Dentscape and a $200,000 SAFE investment (approximately ¥32 million)
- Expansion of MARPE sales overseas and increased production in Manila
Key KPIsA metric the company considers important as a management benchmark.
- Digital manufacturing ratio37.5 %Year on year against the same period last year37.5% in the same period of the previous year
- Year-on-year change in aligner sales19 %Year on year against the same period last year+19.0%
- Year-on-year change in IDB and bracket appliance sales8 %Year on year against the same period last year+8.0%
- Year-on-year change in Harmony sales56.1 %Year on year against the same period last year+56.1%
- Overseas revenue ratio5.6 %Year on year against the same period last year4.7% in the same period of the previous year
- Year-on-year change in overseas business division sales75.9 %Year on year against the same period last year+75.9%
Financial targets
ROE
Target16.5 %
Equity spread
Target7.3 %
Dividend on equity (DOE)
Target5% or more
Number of employees
Number of Employees483 people
Annual Dividend
¥26 per share
Breakdown
Interim13
End of period13
Payout ratio
50.6% (forecast), with a target of approximately 50%| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending June 2026 |
| Net Sales | ¥3,057 million (YoY +8.5%) |
| Operating profit | ¥509 million (YoY +11.7%) |
| Ordinary income | ¥519 million (YoY +20.4%) |
| Net income | ¥366 million (YoY +19.3%) |
| Gross Profit Margin | 43.6% |
| Operating profit margin | 16.7% |
| Selling, general and administrative expenses | ¥823 million |
| Results for the three months of the current quarter | Net Sales ¥1,036 million (YoY +8.7%) / Operating profit ¥189 million (YoY +12.6%) / Ordinary income ¥188 million (YoY +23.4%) / Net income ¥130 million (YoY +22.7%) |
| Full-year earnings forecast | Net Sales ¥4,013 million / Operating profit ¥746 million / Ordinary income ¥725 million / Net income for the current fiscal year ¥504 million |
| Progress against full-year forecast | Net Sales 76.2% / Operating profit 68.3% / Ordinary income 71.6% / Net income for the current fiscal year 72.6% |
| Breakdown of Factors Affecting the Change | Materials costs Up 37.5% year on year / Labor Costs Up 15.8% year on year / Non-operating income +¥10 million (interest income +¥6 million, reversal of allowance for doubtful accounts +¥4 million) / Non-Operating Expenses -¥24 million (including a decrease in foreign exchange losses) |
| Key KPIs | Indicator name Digital manufacturing ratio / Value 37.5 % / Year on year against the same period last year 37.5% in the same period of the previous year, Indicator name Year-on-year change in aligner sales / Value 19 % / Year on year against the same period last year +19.0%, Indicator name Year-on-year change in IDB and bracket appliance sales / Value 8 % / Year on year against the same period last year +8.0%, Indicator name Year-on-year change in Harmony sales / Value 56.1 % / Year on year against the same period last year +56.1%, Indicator name Overseas revenue ratio / Value 5.6 % / Year on year against the same period last year 4.7% in the same period of the previous year, Indicator name Year-on-year change in overseas business division sales / Value 75.9 % / Year on year against the same period last year +75.9% |
| Number of employees | Number of Employees 483 people / Change during the period Not disclosed |
| Assumptions Underlying the Business Outlook | Assumed Exchange Rates Dollar ¥145 / Euro ¥172 / Quarterly sales composition ratio Fourth quarter 23.8% / Operating profit composition ratio Fourth quarter 31.7% |
| Financial targets | ROE Target 16.5 % / Equity spread Target 7.3 % / Dividend on equity (DOE) Target 5% or more |
| Annual Dividend | ¥26 per share |
| Payout ratio | 50.6% (forecast), with a target of approximately 50% |
| New initiatives | Digital renewal of AIS (lingual orthodontic appliances) and launch in summer 2026, Sales promotion for aligners and soft dentures using LuxCreo 3D printers, Capital and business alliance with Dentscape and a $200,000 SAFE investment (approximately ¥32 million), Expansion of MARPE sales overseas and increased production in Manila |
Items this document does not state (11)
Self-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition 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.Domestic sales, orthodontic appliances, aligners, IDB and bracket appliances, 3D printer-related products, and overseas sales increased. Higher orders from the United States and Australia, along with new orders from euro area countries, contributed to the results. Operating profit benefited from a lower SG&A-to-sales ratio, while ordinary profit benefited from higher non-operating income, including interest income and reversals of allowance for doubtful accounts, as well as lower foreign exchange losses. Meanwhile, the gross profit margin declined due to higher material and labor costs.
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.
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