AINAVO HOLDINGS (7539) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 revenue rose 1.0% YoY to ¥23,705m; gross profit increased 8.6% and gross margin improved 1.1 points to 15.7%.

• Operating profit fell 4.6% to ¥634m and recurring/ordinary profit declined 3.4% to ¥725m, as SG&A rose 11.8%.

• Net income rose 1.2% YoY to ¥444m; EPS was ¥19.13 versus ¥18.98 a year earlier.

• Newly consolidated subsidiary Ueno Tile contributed ¥1.6bn in sales and ¥90m in operating profit.

Financial highlights

• Gross profit increased ¥296m to ¥3,726m from ¥3,430m; gross margin rose to 15.7% from 14.6%.

• SG&A increased ¥327m to ¥3,092m from ¥2,765m; its ratio rose to 13.0% from 11.8%.

• Operating profit declined ¥30m to ¥634m; recurring profit declined ¥25m to ¥725m.

• Comprehensive income was ¥539m, up from ¥477m YoY.

Outlook and guidance

• FY2026 revenue forecast remains ¥98,500m (+6.7% YoY); operating profit ¥2,600m (+17.1%), ordinary profit ¥2,100m (–8.8%) and net income ¥1,600m (–4.7%); guidance unchanged.

• FY2026 targets for three tracked product categories were ¥5,300m, ¥6,100m and ¥5,524m; Q1 progress was 17.9%, 18.8% and 17.2%, respectively.

• Brand targets: Maristo sales ¥1,400m, Altis tile ¥590m, new-customer development 919 cases and Altis system baths ¥2,400m; Q1 progress was 24.2%, 30.8%, 22.5% and 4.0%.