ANEST IWATA (6381) Q4 2026 earnings summary

Executive summary

• Net sales rose 2.8% year-on-year to ¥55,909 million, driven by growth in Air Energy and Coating businesses, though both saw profit declines.

• Operating profit fell 5.8% year-on-year to ¥5,563 million due to higher personnel costs, despite lower SG&A expenses.

• Net profit attributable to owners surged 25.2% year-on-year to ¥5,356 million, a record high, aided by foreign exchange gains and extraordinary income from asset sales; ROE reached 11.0%.

• Ordinary profit increased 8.1% year-on-year to ¥7,718 million, supported by foreign exchange gains and reduced extraordinary losses.

• Comprehensive income grew 13.0% to ¥7,490 million.

Financial highlights

• Total assets increased 7.9% to ¥74,641 million; net assets rose 7.4% to ¥57,542 million.

• Equity ratio improved to 68.0% (+0.3 points year-on-year).

• Cash and cash equivalents at year-end were ¥18,096 million, up 2.3%.

• Dividend per share planned at ¥87, up ¥4 from initial forecast, with a DOE of 7.0% and payout ratio of 41.6%.

• Foreign exchange gains totaled ¥467 million, up ¥446 million year-on-year.

Outlook and guidance

• FY2026 revenue forecast at ¥60,000 million (+7.3% year-on-year), but operating profit expected to decline 6.5% to ¥5,200 million.

• Net profit forecast to drop 26.3% to ¥3,950 million due to higher labor, logistics, and R&D costs, and absence of prior year’s extraordinary gains.

• Dividend per share for FY2026 expected at ¥93, including a ¥5 commemorative dividend; share buyback program up to ¥1.5 billion to commence.

• Ordinary profit for FY2026 forecast at ¥6,460 million (–16.3%).