FP Corporation (7947) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 net sales rose 4.9% YoY to ¥57,813m; operating profit increased 79.4% to ¥3,930m and profit attributable to owners of parent rose 93.0% to ¥2,804m.

• Sales reached a record high for an 11th consecutive year; price revisions and higher-margin weight-reduced and eco-friendly products supported results despite product volume falling 2.2%.

Financial highlights

• Sales of products rose 5.6% to ¥44,217m and sales of goods rose 2.6% to ¥13,596m; gross profit was ¥18,305m, versus ¥15,856m a year earlier.

• Ordinary profit increased 79.7% to ¥4,034m; ordinary profit before depreciation was ¥7,647m, up 28.3% YoY.

• SG&A was ¥14,375m, versus ¥13,666m; basic EPS was ¥34.68, compared with ¥17.97, and comprehensive income was ¥3,033m, up 65.3%.

Outlook and guidance

• FY ending March 2026 guidance unchanged: net sales ¥245,300m, operating profit ¥19,790m, ordinary profit ¥19,600m and parent net income ¥13,170m.

• First-half forecasts: net sales ¥121,000m, operating profit ¥7,630m, ordinary profit ¥7,600m and parent net income ¥5,010m; full-year ordinary profit plan comprises ¥7,600m in H1 and ¥12,000m in H2.

• Ordinary profit plan assumes ¥5,500m benefit from sales efforts, quantity growth and product mix, offset by material, labor, utility, freight and other costs.

• Forecasts were maintained despite Q1 profit exceeding initial expectations amid consumption and raw-material uncertainty; FY dividend forecast remains ¥61.50 per share, including ¥21.50 interim and ¥40.00 year-end.

• Full-year capital investment is planned at ¥19,500m, depreciation at ¥14,800m and R&D costs at ¥1,780m.