FP Corporation (7947) Q3 2026 earnings summary

Executive summary

• 9M sales reached a record high for the 16th consecutive year, rising 2.7% YoY to ¥186,439 million; operating profit rose 19.3% and attributable profit 21.4%.

• Pricing and higher-value eco-friendly products supported profitability; product volume fell 0.9% for 9M but returned to 1.2% YoY growth in Q3.

Financial highlights

• 9M operating profit was ¥17,795 million, ordinary profit ¥17,927 million (+19.6%), and attributable profit ¥12,258 million; basic EPS was ¥151.59.

• Gross profit rose to ¥60,806 million from ¥56,218 million; ordinary profit before depreciation was ¥28,855 million, up 10.5% YoY.

• Q3 sales were ¥66,979 million (+0.4% YoY), operating profit ¥8,498 million (+0.7%), and attributable profit ¥5,832 million (+1.2%).

• Price revisions were the principal profit tailwind; freight and labor costs weighed on profit.

Outlook and guidance

• FY26 forecast unchanged: sales ¥242,570 million, operating profit ¥21,610 million, ordinary profit ¥21,500 million, and attributable profit ¥14,700 million.

• 9M progress against FY plans was 76.9% for sales, 82.3% for operating profit, and 83.4% for ordinary and attributable profit.

• FY26 forecast EPS is ¥181.78; annual dividend forecast is ¥71.50 per share, comprising ¥31.50 interim and ¥40.00 year-end.

• ROE is expected to exceed 9.0% in FY26.