EIZO (6737) Q1 2027 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2026, rose 15.5% year-over-year to JPY 20,031 million, driven by strong overseas performance and favorable exchange rates, especially the weaker yen against the euro.

• Operating profit reached JPY 807 million, reversing a prior-year loss, and net income rose to JPY 1,215 million, up JPY 0.9 billion YoY.

• Gross profit margin improved by 1.0 percentage point to 34.6%, aided by higher sales and forex impacts.

Financial highlights

• Net sales: JPY 20.0 billion (115.5% YoY); gross profit: JPY 6.9 billion (118.8% YoY); gross margin: 34.6% (+1.0pt YoY).

• Operating profit: JPY 0.8 billion (up from a loss of JPY 97 million YoY); operating margin: 4.0% (+4.6pt YoY).

• Ordinary profit: JPY 1.6 billion (up 129.0% YoY); net income: JPY 1.2 billion (up 394.7% YoY).

• SG&A expenses increased to JPY 6.1 billion, mainly due to forex effects.

• Basic earnings per share for the quarter were JPY 30.76, up from JPY 7.48 a year earlier.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2027: net sales of JPY 85,000 million (up 4.5% YoY), operating profit of JPY 3,300 million (up 39.5%), and net income of JPY 6,500 million (down 11.2%).

• No revision to FY26/FY27 guidance or dividend forecasts as of May 12, 2026.

• Foreign exchange sensitivity: JPY 1 depreciation impacts operating income by JPY 80 million (USD, negative) and JPY 100 million (EUR, positive).