Canare Electric (5819) Q1 2026 earnings summary

Executive summary

• Consolidated revenue for Q1 FY2026 was ¥3,218 million, down 3.6% year-over-year, mainly due to lower domestic sales despite overseas growth.

• Operating profit declined 25.0% to ¥380 million, and net income attributable to shareholders fell 29.6% to ¥272 million.

• Overseas sales increased in China, Korea, and Southeast Asia, offsetting some domestic weakness, especially in the broadcast market.

Financial highlights

• Revenue decreased by ¥121 million year-over-year, with gross profit margin also declining.

• Comprehensive income rose to ¥294 million (up 76.0% YoY) due to foreign currency translation adjustments.

• Overseas sales accounted for 51.2% of total revenue, up from 43.7% a year earlier.

Outlook and guidance

• Full-year FY2026 revenue forecast is ¥13,200 million, up 0.6% year-over-year.

• Operating profit is projected at ¥1,480 million, a decrease from the previous year.

• Net income forecast is ¥1,180 million, down 1.7% year-over-year.

• No revision to guidance despite potential risks from Middle East geopolitical developments.