Fujii Sangyo (9906) Q4 2026 earnings summary

Executive summary

• Revenue rose 10.2% year-over-year to ¥105,856 million, with operating income up 15.7% and net income attributable to shareholders up 17.7%.

• All major business segments except Komatsu Tochigi and Other posted sales growth; Komatsu Tochigi and Other segments saw declines.

• The company plans to transition to a holding company structure in October 2026 to enhance group management and capital efficiency.

Financial highlights

• Operating income reached ¥6,199 million (up 15.7% YoY), and ordinary income was ¥6,820 million (up 13.1% YoY).

• Net income attributable to shareholders was ¥4,854 million (up 17.7% YoY).

• Comprehensive income increased 32.3% to ¥5,634 million.

• Total assets grew to ¥69,949 million, and net assets to ¥44,341 million.

• Dividend per share increased to ¥160 (from ¥130), with a payout ratio of 27.9%.

Outlook and guidance

• FY2027 revenue is forecast at ¥107,000 million (+1.1% YoY), with ordinary income expected to decline 13.5% and net income to fall 21.7%.

• The company expects continued demand in infrastructure and energy, but faces risks from geopolitical instability, supply chain disruptions, and labor shortages.

• Strategic focus includes digital transformation, energy transition, and strengthening group governance.