Asia Air Survey (9233) Q1 2026 earnings summary

Executive summary

• Revenue for the first quarter increased 4.1% year-over-year to ¥8,851 million, with order intake up 11.1% to ¥7,507 million.

• Operating profit was ¥112 million, reversing a ¥222 million loss in the prior year; net loss attributable to shareholders narrowed to ¥145 million from ¥324 million.

• The company continues to focus on sustainable management, digital transformation, and portfolio strengthening, including the acquisition of a drone measurement company.

• Initiatives in climate change response and infrastructure management are ongoing, with a B rating from CDP for climate disclosure.

Financial highlights

• Revenue: ¥8,851 million (up 4.1% year-over-year).

• Operating profit: ¥112 million (prior year: ¥222 million loss).

• Net loss attributable to shareholders: ¥145 million (prior year: ¥324 million loss).

• Total assets: ¥44,564 million (up ¥4,938 million from previous year-end).

• Equity ratio: 47.9% (down from 55.4% at previous year-end).

Outlook and guidance

• Full-year revenue forecast: ¥45,000 million (up 8.2% year-over-year).

• Operating profit forecast: ¥3,000 million (up 5.0% year-over-year).

• Net profit forecast: ¥2,030 million (up 12.6% year-over-year).

• No changes to previously announced guidance; revisions will be announced if necessary.