Ebara (6361) Q1 2026 earnings summary

Executive summary

• Orders, revenue, operating profit, and profit attributable to owners of parent all reached record highs for a first quarter, driven by strong AI-related demand in Precision Machinery and large-scale projects in Environmental Business.

• Orders received surged 62.6% year-over-year to ¥324.9B, with revenue at ¥246.3B (+15.8% YoY), operating profit at ¥26.7B (+18.4% YoY), and profit attributable to owners at ¥18.3B (+16.0% YoY).

• Full-year profit forecast was raised due to an expected gain from the sale of shares in an equity-method associate.

• Impact from the Middle East situation is expected to be limited and already factored into forecasts.

• All major profit and revenue categories achieved record highs for the quarter.

Financial highlights

• 1Q FY26 orders: ¥324.9B (+62.6% YoY); revenue: ¥246.3B (+15.8% YoY); operating profit: ¥26.7B (+18.4% YoY); OP ratio: 10.9% (+0.3pts YoY).

• Profit attributable to owners of parent: ¥18.3B (+16.0% YoY); basic EPS: ¥40.13 (+17.4% YoY).

• Gross profit increased to ¥77.8B from ¥68.5B YoY.

• Revenue by region: Japan 41%, Asia (excl. Japan) 23%, China 13%, North America 11%, Europe 6%, Middle East 3%, Others 4%.

• Total assets grew to ¥1,108.5B, and equity attributable to owners rose to ¥518.4B.

Outlook and guidance

• FY26 full-year forecast: orders ¥1.07T (+12.7% YoY), revenue ¥1.02T (+6.4% YoY), operating profit ¥125.0B (+9.8% YoY), OP ratio 12.3% (+0.4pts), profit attributable to owners of parent ¥99.5B (+29.8% YoY), EPS ¥217.91.

• Annual dividend per share forecast: ¥66.0 (+¥7.0 YoY).

• Forecasts were revised upward for profit before tax and profit attributable to owners, reflecting strong order trends and a gain from the transfer of a jointly controlled entity.

• Record-high operating profit expected, supported by AI-related demand and strategic investments.