New Cosmos Electric Co.,Ltd.
New Cosmos Electric Co.,Ltd. Financial Summary for the Second Quarter (Interim) of the Fiscal Year Ending March 2027
For the second quarter of the fiscal year ending March 2027, consolidated net sales were 22,364 million yen, down -9.2% year-over-year. Operating income was 2,563 million yen, ordinary income was 2,719 million yen, and interim net income attributable to owners of the parent was 1,583 million yen. Full-year forecasts are maintained: net sales 51,000 million yen, operating income 6,000 million yen, and net income 3,985 million yen.
Key Figures
- Net Sales: 22,364 million yen (Year-over-Year -9.2%)
- Operating Income: 2,563 million yen (Year-over-Year -36.2%)
- Interim Net Income Attributable to Owners of Parent: 1,583 million yen (Year-over-Year -41.7%)
AI要約
Overview of Business Performance
As the second year of the Mid-Term Management Plan 2025-2027, the New Cosmos Electric Group is promoting "Deployment" and "Expansion." Sales of battery-powered methane detectors for North America remain solid, although market activity has not yet fully materialized. Sales composition by product were: residential gas detectors 53.7%, industrial gas detectors 26.9%, and commercial-use gas detectors 16.0%. By region, Japan accounted for over 51%, with North America and Asia also growing. Interim period sales decreased year-over-year, and profits declined significantly. The full-year forecast remains unchanged. Research and development expenses were 1,481 million yen, an increase of 3.2% year-over-year.
Outlook and Financial Position
The financial position remains strong with a shareholders' equity ratio of 73.8%. While operating cash flow decreased, expenditures for investing and financing were also restrained. There is no revision to the full-year earnings forecast at this time. Interim R&D achievements include product model renewals and expansion of hydrogen sensor modules. Going forward, full-scale market penetration in North America and expansion of carbon-neutral markets centered on Europe will be key.
New Cosmos Electric Co.,Ltd.
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