USS (4732) investor relations material

Executive summary

• Q1 FY2026 net sales reached ¥31.256 billion, up 14.1% year-over-year, with operating profit at ¥16.15 billion, up 9.8% year-over-year, and profit attributable to owners of parent at ¥10.946 billion, up 7.0% year-over-year.

• Record-high sales, operating profit, ordinary profit, and profit attributable to owners of parent were achieved.

• Comprehensive income increased 7.4% year-over-year to ¥11.108 billion.

• Basic earnings per share improved to ¥23.83 from ¥21.73 in the prior year period.

• The company revised its FY2026 plan upward, reflecting strong Q1 performance and favorable market conditions.

Financial highlights

• Gross profit increased to ¥19.166 billion from ¥17.374 billion year-over-year.

• Operating profit margin remained strong, with operating profit at ¥16.15 billion.

• Total assets decreased to ¥243.031 billion as of June 30, 2026, from ¥270.13 billion at March 31, 2026.

• Net assets declined to ¥190.273 billion from ¥210.966 billion at the previous fiscal year-end.

• Cash and cash equivalents at quarter-end were ¥60.589 billion, down from ¥80.087 billion a year earlier.

Outlook and guidance

• FY2026 net sales forecast revised to ¥121.8 billion (+7.0% YoY), operating profit to ¥62.6 billion (+4.6% YoY), and profit attributable to owners of parent to ¥42.6 billion (+3.0% YoY).

• Dividend forecast raised to ¥56.4 per share, marking 27 consecutive years of dividend increases.

• ROE target set at 20% or higher, with a total payout ratio of at least 100% by FY2027.