Avary Holding (002938) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥7.99 billion, down 1.25% year-over-year; net profit attributable to shareholders was ¥462.74 million, down 5.21% year-over-year.

• Cash flow from operating activities increased 23.63% year-over-year to ¥3.10 billion.

• Significant investments and capital increases were made in overseas subsidiaries and a domestic subsidiary to support business expansion.

Financial highlights

• Operating income: ¥7.99 billion, down 1.25% year-over-year.

• Net profit attributable to shareholders: ¥462.74 million, down 5.21% year-over-year.

• Net profit excluding non-recurring items: ¥325.69 million, down 31.85% year-over-year.

• Basic and diluted EPS: ¥0.20, down from ¥0.21 year-over-year.

• Total assets at quarter-end: ¥50.60 billion, up 3.59% from year-end 2025.

Outlook and guidance

• Increased R&D and sales expenses indicate ongoing investment in product development and market expansion.