CTI Engineering Co (9621) Q3 2026 earnings summary

Executive summary

• Nine-month sales rose 8.5% YoY to ¥79,502 million; operating income increased 19.0% to ¥7,722 million and net income attributable to owners rose 28.0% to ¥5,518 million.

• Orders received totaled ¥88,692 million, down 0.3% YoY; sales reached 75.7% and operating income 73.5% of FY2026 forecasts.

Financial highlights

• Sales were ¥79,502 million versus ¥73,270 million; gross profit was ¥23,795 million versus ¥21,617 million YoY.

• Operating income was ¥7,722 million versus ¥6,489 million; ordinary profit was ¥7,717 million versus ¥6,602 million YoY.

• Net income attributable to owners was ¥5,518 million versus ¥4,311 million; gains from sales of cross-shareholdings supported its growth.

• Consolidated operating margin was 9.7%, up 0.9 percentage points YoY; cost-of-sales and SG&A ratios improved slightly.

Outlook and guidance

• FY2026 forecasts remain unchanged: sales ¥105,000 million, operating income ¥10,500 million, ordinary profit ¥10,500 million and owner-attributable net income ¥7,000 million.

• FY2026 order forecast is ¥105,000 million; nine-month orders were 84.5% of plan.

• Forecast EPS is ¥257.41; forecast YoY changes are sales +3.9%, operating income +14.9%, ordinary profit +12.3% and owner-attributable net income +17.6%.

• FY2026 annual dividend forecast is ¥110 per share, versus ¥75 in FY2025; forecast payout ratio is 42.7%.