Furuya Metal (7826) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 reached ¥23.2 billion, up 66.9% year-over-year, with ordinary income at ¥3.3 billion and net income at ¥2.3 billion.

• Overseas sales accounted for 81.6% of total sales, with Asia representing 63.2% of overseas sales.

• Thin Film segment continued strong performance; Electronics captured new demand; Thermal segment showed recovery signs.

• Precious metals sales were emphasized to streamline the balance sheet, contributing to results.

Financial highlights

• Q1 revenue: ¥23.2 billion (+66.9% YoY); ordinary income: ¥3.3 billion (+171.3% YoY); net income: ¥2.3 billion (+128.7% YoY).

• Gross income for Q1: ¥4.5 billion, gross margin at 19.2%.

• Upward revision for FY2026: revenue forecast raised to ¥64.0 billion (+16.4%), ordinary income to ¥9.0 billion (+28.6%), net income to ¥6.0 billion (+25.0%).

• Net income per share was 94.76 yen, compared to 66.26 yen in the prior year.

• Comprehensive income reached 2,341 million yen, up 48.4% year-over-year.

Outlook and guidance

• Revenue forecast for FY2026 revised upward by ¥9.0 billion to ¥64.0 billion.

• Ordinary income forecast increased by ¥2.0 billion to ¥9.0 billion.

• Year-end dividend per share raised to ¥75 (+¥15 from previous plan).

• Annual dividend forecast is 96 yen per share.

• Full-year forecast: net sales of 64,000 million yen, operating income of 10,000 million yen, net income of 6,000 million yen.