Casio Computer Co (6952) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 net sales were ¥62.2 billion, down 4.6% year-on-year, with operating profit at ¥3.7 billion, a 17.6% decline, and EPS at ¥16.32.

• Profit attributable to owners fell 39.8% to ¥3.7 billion; ordinary profit was ¥4.4 billion.

• Profitability was pressured by U.S. tariffs, adverse FX rates, and weak China demand.

• Segment reorganization included merging System Equipment into Others after divestitures.

• Comprehensive income rose 63.2% to ¥8.99 billion, driven by foreign currency translation gains.

Financial highlights

• Net sales: ¥62.2B (95.4% YoY), operating profit: ¥3.7B (82.4% YoY), ordinary profit: ¥4.4B (78.6% YoY), profit attributable to owners: ¥3.7B (60.2% YoY).

• Gross profit for Q1 FY2026 was ¥25.9 billion, down from ¥28.9 billion year-over-year.

• OPM decreased to 6.0% from 6.9% YoY.

• EPS dropped from ¥26.74 to ¥16.32 YoY.

• Adjustments amounted to -¥1.2 billion.

Segment performance

• Timepieces: sales ¥39.5B (96.7% YoY), operating profit ¥4.2B (72.4% YoY), OPM 10.7%; sales declined in China (-30% YoY) and Europe (-6% YoY), but grew in North America (+6%) and Other regions (+18%).

• Consumer: sales ¥20.1B (94.7% YoY), operating profit ¥1.2B (104.6% YoY), OPM 5.8%.

• EdTech: sales ¥16.3B, OPM 13.7%; scientific calculator sales remained firm.

• Sound: sales ¥3.8B, operating loss -¥1.1B; European market remains challenging due to bankruptcies.

• Others: sales ¥2.6B, operating loss -¥0.5B; includes discontinued businesses.