AOI Electronics (6832) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 8.3% year-over-year to ¥28,485 million, driven by increased orders for integrated circuits and functional components.

• Operating profit declined 43.8% year-over-year to ¥427 million due to higher raw material costs and aggressive investments in growth areas.

• Ordinary profit decreased 9.3% year-over-year to ¥785 million, while profit attributable to owners of parent fell 29.6% to ¥549 million.

• The business environment showed improvement in some sectors, but overall recovery in the electronic components industry remains sluggish, especially for automotive components.

Financial highlights

• Gross profit increased to ¥4,767 million from ¥4,232 million year-over-year.

• Net assets totaled ¥42,928 million as of December 31, 2025, with an equity-to-asset ratio of 71.4%.

• Total assets increased to ¥60,135 million, up ¥8,543 million from the previous fiscal year-end.

• Basic earnings per share for the nine months was ¥49.09, down from ¥69.77 year-over-year.

• Depreciation for the nine months ended December 31, 2025, was ¥1,648 million, up from ¥1,202 million year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥38,800 million, up 10.9% year-over-year.

• Operating profit is projected at ¥700 million (+59.5%), ordinary profit at ¥700 million (+67.0%), and profit attributable to owners of parent at ¥480 million (+169.6%).

• Basic earnings per share for the full year is forecast at ¥42.86.

• No revisions have been made to the previously announced forecast, but management is monitoring global economic and market trends for potential changes.