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Investor Relations14 Oct 2025
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Shimadzu (7701) investor relations material
Shimadzu Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary7 Aug, 2025
Executive summary
Q1 revenue reached ¥118.4B, up 1.2% year-over-year, marking a record-high for the fifth consecutive Q1 period, driven by growth in Analytical & Measuring Instruments and Aircraft Equipment despite yen appreciation and global uncertainties.
Operating income rose 11.2% year-over-year to ¥12.2B, also a record for Q1, while ordinary profit declined 17.3% to ¥11.3B due to lower non-operating income and higher expenses.
Profit attributable to owners fell 20.7% year-over-year to ¥7.9B, impacted by foreign exchange losses and higher non-operating expenses.
Growth in Analytical & Measuring Instruments (AMI) and Aircraft Equipment (AE) segments offset declines in Medical Systems (MED) and Industrial Machinery (IM).
Full-year sales and operating profit forecasts remain unchanged despite tariff and FX uncertainties.
Financial highlights
Net sales: ¥118.4B (+1.2% YoY); operating income: ¥12.2B (+11.2% YoY); operating margin: 10.3% (+0.9pt YoY).
Ordinary income decreased 17.3% YoY to ¥11.3B; profit attributable to owners down 20.7% YoY to ¥7.9B.
Gross profit improved to ¥53.3B from ¥50.1B YoY, with cost of sales decreasing despite higher net sales.
R&D expenses increased to ¥7.3B; CAPEX rose to ¥5.4B; depreciation and amortization at ¥5.0B.
Comprehensive income dropped to ¥7.3B from ¥18.4B YoY, mainly due to negative FX translation adjustments.
Outlook and guidance
Full-year sales forecast: ¥515.0B (-4.5% YoY); operating profit: ¥58.0B (-19.1% YoY); net profit: ¥45.0B (-16.3% YoY).
Tariff impacts under review; forecasts unchanged pending further assessment.
Annual dividend forecast is ¥66.00 per share, same as previous year, excluding prior year’s ¥4.00 commemorative dividend.
AMI to minimize tariff impact via value-added pricing and market expansion; MED to focus on new product sales and after-sales service.
Why did Medical Systems segment sales decrease?
What factors drove Aircraft Equipment sales increase?
How did foreign exchange impact results?
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Next Shimadzu earnings date
Q2 202610 Nov, 2025
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Frequently asked questions
Shimadzu Corporation specializes in analytical and measuring instruments, including technologies for research and development and quality control in fields such as pharmaceuticals, environmental measurement, and life sciences. Shimadzu's medical systems division contributes significantly to the early detection and treatment of diseases worldwide. Additionally, the company provides vacuum industrial machinery for the semiconductor industry, hydraulic equipment as essential components for machinery and vehicles, aircraft equipment for safe flight operations and passenger comfort, marine devices for efficient marine development, and optical devices to enhance equipment performance. Shimadzu Corporation is headquartered in Kyoto, Japan, and its shares are listed on the Tokyo Stock Exchange.
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