Estic (6161) Q4 2026 earnings summary

Executive summary

• Revenue increased 1.9% year-over-year to ¥8,033 million, driven by overseas growth despite domestic weakness.

• Operating income declined 3.8% year-over-year to ¥1,574 million due to higher raw material costs and a shift in product mix.

• Net income attributable to shareholders decreased 1.6% year-over-year to ¥1,163 million.

• Overseas sales rose 10.5% year-over-year, now accounting for 67.6% of total sales.

Financial highlights

• Gross profit was ¥3,588 million, with a gross margin of 44.7%.

• Operating margin was 19.6%, down from 20.8% the previous year.

• Ordinary income was ¥1,659 million, a 3.7% decrease year-over-year.

• EPS was ¥116.72, compared to ¥118.73 last year.

• Cash and equivalents at year-end were ¥2,730 million, down ¥628 million from the prior year.

Outlook and guidance

• FY2027 revenue is forecast at ¥8,602 million (+7.1% YoY), with operating income of ¥1,707 million (+8.4% YoY) and net income of ¥1,219 million (+4.8% YoY).

• Dividend per share is projected to rise to ¥31.00.

• Management expects continued global economic uncertainty but anticipates steady recovery, especially in Asia and North America.