First-half progress of net sales was limited to 45.2%, but full-year plan is expected to be achieved. Production adjustments absorbed the impact of rising costs and the naphtha shock; SG&A reductions and productivity improvements are expected to achieve operating profit plan. Dividend policy remains unchanged, and shareholder returns are planned at the same level as last fiscal year. Order activities under the new mid-term plan have resumed; mass production for variable resistors and the automotive business will commence sequentially from FY2027 and FY2029, respectively.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"6772","jir_company_name":"Tokyo Cosmos Electric Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/6772-20261109-03.pdf","jir_short_summary":"First-half progress of net sales was limited to 45.2%, but full-year plan is expected to be achieved. Production adjustments absorbed the impact of rising costs and the naphtha shock; SG&A reductions and productivity improvements are expected to achieve operating profit plan. Dividend policy remains unchanged, and shareholder returns are planned at the same level as last fiscal year. Order activities under the new mid-term plan have resumed; mass production for variable resistors and the automotive business will commence sequentially from FY2027 and FY2029, respectively.","jir_summary":"### Key Points of Performance\nThis document is an earnings presentation centered on first-half performance progress and the likelihood of achieving the full-year plan. Production adjustments and delays in site transfers caused by the naphtha shock temporarily affected sales, but orders are expected to recover in the second half and, together with SG&A reductions and price pass-through reviews, the company expects to achieve the full-year operating profit plan. By segment, allocation to automotive electrical components and variable resistors is important; variable resistors aim to start mass production from FY2027 and automotive from FY2029. The dividend policy remains unchanged, and shareholder returns will continue at the same level as last fiscal year.\n\n### Outlook and Impact for Investors\nOrder activities under the new mid-term plan have resumed. Lead times to transition to mass production vary by business, but a rebound in the second half is anticipated. Price negotiations and cost-reduction measures are being implemented to mitigate the impact of rising costs, and SG&A is expected to remain restrained. Securing new projects and establishing mass-production capabilities will be key to future sales growth and margin improvement. Shareholder returns will continue, maintaining stability in capital policy.","jir_financial_highlights":"Net Sales: 9,610 (Full-year plan 4,348 first-half actual)\nOperating Income (disclosed): 64 (First-half actual: 120, Full-year plan: 460)\nNet Income: 45 (First-half actual: 45, Full-year plan: 313)","jir_category":"","jir_hashtags":"#TokyoCosmosElectric, #EarningsInformation_and_IRPresentation, #NewMidtermPlan","jir_key_figures":"Net Sales: 9,610 million yen (First-half actual: 4,348 million yen, Progress rate 45.2%)\nOperating Income: 460 million yen (Full-year plan) \/ Disclosed first-half actual 120 million yen\nNet Income: 313 million yen (Full-year plan) \/ First-half actual 45 million yen","jir_meta_title":"Tokyo Cosmos Electric Co., Ltd. Earnings Presentation Materials | First-half Progress and Full-year Outlook","jir_meta_description":"Earnings presentation materials of Tokyo Cosmos Electric Co., Ltd. Key points include first-half sales progress and full-year plan, measures against rising costs, expected recovery in the second half, dividend policy, and progress on the new mid-term plan.","jir_og_title":"Tokyo Cosmos Electric Co., Ltd. Earnings Presentation Materials | First-half Progress and Full-year Outlook","jir_og_description":"Earnings presentation materials of Tokyo Cosmos Electric Co., Ltd. Explains the impact of the naphtha shock and the expected recovery in the second half, dividend policy, and timing for new mass production for variable resistors and automotive businesses.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Sales Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"First half 2026\\\",\\\"Second half 2026\\\",\\\"First half 2027\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[9640,?\\n,?]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"First half 2026\\\",\\\"Second half 2026\\\",\\\"First half 2027\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[460,460,464]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Segment Revenue by Product\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Variable Resistors\\\",\\\"Automotive Electrical Components\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[1852,1852]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Margin Analysis\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Net Sales\\\",\\\"Operating Margin\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Ratio\\\",\\\"data\\\":[4.8,2.8]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"guidance_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Guidance vs. Actual Comparison\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"First-half Actual\\\",\\\"Second-half Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[9640,4350]}]},\\\"options\\\":{}}\"}]","ir_related_company":58981,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-145820","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n