Furuya Metal (7826) Q3 2026 earnings summary

Executive summary

• Q3 FY2026 saw robust demand in information, communications, semiconductor, and electronics markets, with data center-related demand driving increased shipments.

• Net sales for the first nine months rose 83.1% year-over-year to 74,730 million yen, with operating income up 109.4% to 17,336 million yen and net income attributable to owners of parent up 114.4% to 11,687 million yen.

• Overseas sales accounted for 75.5% of total sales, with Asia as the largest overseas market.

• The business environment was marked by high raw material prices, geopolitical risks, and yen depreciation, which positively impacted export profitability.

• No production impact from Middle East tensions; precious metal prices rose and the yen remained weaker than planned.

Financial highlights

• Q3 net sales: ¥30.8B (up ¥16.9B YoY); Q3 gross profit: ¥11.2B (up ¥7.8B YoY).

• Cumulative Q1–Q3 net sales: ¥74.7B (up ¥33.9B YoY); gross profit: ¥20.7B (up ¥9.4B YoY).

• FY2026 full-year forecast: net sales ¥96.0B (+¥8.0B vs. previous forecast), gross income ¥27.5B (+27.9%), operating income ¥22.5B (+36.4%), net income ¥15.0B (+36.4%).

• Gross profit increased 83.8% year-over-year to 20,794 million yen.

• All profit categories expected to reach record highs.

Outlook and guidance

• Full-year net sales and profits revised upward, driven by strong electronics and semiconductor demand.

• Net income per share for the full year is forecast at 609.95 yen.

• Temporary factors from asset value review and recovery/refining structure changes included in forecast, with limited overall impact.

• No changes to previously announced full-year forecasts.