Furuno Electric (6814) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended November 30, 2025, rose 9.8% year-over-year to ¥102,756 million, driven by strong Marine business performance and global maintenance service expansion.

• Operating profit increased 21.0% year-over-year to ¥12,679 million, with profit attributable to owners of parent up 55.9% to ¥13,310 million, aided by a lower tax rate from deferred tax effects.

• Comprehensive income increased 57.9% year-over-year to ¥14,556 million.

• The company is in the final year of its Phase 2 Mid-term Management Plan and preparing for Phase 3, focusing on sustainable growth and strategic investments.

Financial highlights

• Gross profit rose 9.5% year-over-year to ¥43,271 million, maintaining a gross margin of 42.1%.

• Ordinary profit reached ¥14,323 million, up 32.3% year-over-year.

• Basic earnings per share increased to ¥421.17 from ¥270.25 year-over-year.

• Net assets per share rose to ¥2,594.99 from ¥2,284.52 at the previous fiscal year-end.

• R&D expenses decreased 3.8% year-over-year, while capital investments and depreciation both increased.

Outlook and guidance

• Full-year forecast for FY2025/26: net sales ¥137,500 million, operating profit ¥16,000 million, ordinary profit ¥17,500 million, profit attributable to owners of parent ¥15,500 million, and basic EPS ¥490.49.

• No changes to previously announced full-year financial or dividend forecasts.

• Dividend forecast is ¥150 per share, maintaining a payout ratio above 30%.

• Management expects seasonal SG&A increases in Q4 but aims to achieve guidance.