ANEST IWATA (6381) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2025 were 12,088 million yen, down 3.2% year-over-year, with declines in both revenue and profits.

• Operating profit fell 8.7% to 929 million yen; ordinary profit dropped 22.8% to 1,315 million yen; profit attributable to owners of parent decreased 14.9% to 895 million yen.

• Comprehensive income turned negative at -137 million yen, mainly due to foreign currency translation losses.

• Air energy business saw lower sales and profits, mainly due to weak demand in China and reduced exports.

• Coating business had lower sales but higher profits, with recovery in China offset by slower sales in Europe and Japan.

Financial highlights

• Gross profit rose due to improved cost-to-sales ratio, but higher SG&A expenses and lower FX gains reduced overall profit.

• Realized foreign exchange gains dropped by 338 million yen year-over-year.

• Basic earnings per share for Q1 FY2025 was 22.77 yen, down from 26.52 yen in Q1 FY2024.

• Total assets decreased to 67,135 million yen; equity ratio improved to 68.4%.

• Dividend of 23 yen per share was paid for the period ended March 31, 2025.

Outlook and guidance

• Full-year FY2025 guidance remains unchanged: net sales forecast at 58,000 million yen (+6.6% year-over-year), operating profit at 5,550 million yen (-6.0%), and profit attributable to owners of parent at 4,150 million yen (-3.0%).

• Annual dividend forecast is 83 yen per share.

• Revenue growth expected in Japan and overseas, but operating costs and labor expenses are anticipated to rise.

• US trade policy impacts are being assessed but not yet reflected in forecasts.