Disco (6146) Q1 2026 earnings summary

Executive summary

• Net sales for FY2026 1Q reached ¥114.3B, up 27.1% year-over-year, with operating income up 42.2% to ¥49,033 million and net income up 44.0% to ¥34.2B.

• Comprehensive income increased 49.6% year-over-year to ¥35,196 million.

• Overseas sales accounted for 90.8% of total sales in FY2026 1Q.

• Shipment volume hit a record high of ¥135.9B.

Financial highlights

• Gross profit margin improved to 71.4%, up year-over-year.

• Operating income margin was 42.9%, ordinary income margin 42.4%, and net income margin 29.9%.

• Precision processing tool (consumable) sales reached a record high due to higher facility operation rates and favorable exchange rates.

• Net income per share rose to ¥315.51 from ¥219.23 year-over-year.

Outlook and guidance

• FY2026 2Q net sales forecasted at ¥128.5B, operating income at ¥55.9B, and net income at ¥39.6B.

• FY2026 first-half consolidated net sales forecast is ¥242,800 million, up 24.8% year-over-year.

• Dividend forecast for FY2026 is revised to ¥505.00 per share annually.

• Assumed exchange rates: 1 USD = ¥159, 1 EUR = ¥182.