CKD (6407) Q4 2026 earnings summary

Executive summary

• FY2026 net sales rose 1.4% to ¥157,886m, operating profit increased 3.3% to ¥19,640m, and profit attributable to owners of parent grew 0.4% to ¥13,578m.

• Semiconductor-related demand, particularly generative AI, and robust China demand offset declines in Automatic Machinery and automotive-related markets.

• FY2027 guidance targets net sales of ¥180,000m (+14.0%), operating profit of ¥24,500m (+24.7%), and profit attributable to owners of parent of ¥16,300m (+20.0%).

Financial highlights

• Ordinary income was ¥19.9bn, up 4% YoY; net income was ¥13.6bn, up 1%.

• Gross profit increased to ¥46,845m from ¥45,199m; comprehensive income rose 88.2% to ¥21,841m, aided by foreign currency translation and securities gains.

• Cash and cash equivalents totaled ¥42,258m, up ¥7,913m YoY.

• Total assets were ¥226.7bn at March 2026, up ¥15.9bn YoY; net assets rose ¥17.0bn to ¥153.6bn.

Outlook and guidance

• FY2027 forecast: operating income ¥24.5bn, ordinary income ¥24.5bn, and net income ¥16.3bn.

• Components sales are forecast at ¥162.0bn (+17%) with segment income of ¥25.9bn (+31%); Automatic Machinery sales are forecast at ¥18.0bn (-7%) with segment income of ¥3.6bn (-26%).

• FY2027 operating margin is forecast at 13.6%, versus 12.4% in FY2026; forecast exchange rates are ¥151/USD and ¥22/RMB.

• Projected FY2027 annual dividend is ¥95 per share; continued semiconductor demand and automation solutions support the outlook, with geopolitical risks monitored.