Archion (543A) Q1 2027 earnings summary

Executive summary

• Q1 FY2026 revenue rose 14% to ¥597.9B; operating profit before the bargain purchase gain increased 32% to ¥29.0B.

• Hino and Fuso integration was completed on April 1, 2026, with synergy initiatives underway.

• FY2026 operational outlook was reaffirmed; a preliminary ¥233.2B non-cash bargain purchase gain lifted reported results.

Financial highlights

• Global unit sales rose 14% to 60,000; revenue was ¥597.9B, with new vehicle sales up 18% and parts and service up 6%.

• Operating profit before the bargain purchase gain increased 32% to ¥29.0B, with a 4.9% return on sales.

• Operating profit was ¥262.3B, including the ¥233.2B preliminary bargain purchase gain.

• Profit attributable to owners was ¥251.5B including the gain and ¥18.2B excluding it.

• Free cash flow was ¥13.1B; basic EPS was ¥91.22 including the gain.

Outlook and guidance

• FY2026 outlook reaffirmed at 230,000 unit sales, ¥2,425.0B revenue and ¥110.0B operating profit before the bargain purchase gain.

• Underlying net income guidance was ¥70.0B, with EPS excluding the gain of ¥25 and DPS of ¥8.

• Revised outlook including the gain was ¥343B operating profit and ¥303.2B profit attributable to owners.

• FY2026 dividend forecast remained ¥8 per share, with a ~30% payout ratio based on income excluding the gain.