Glory (6457) Q4 2026 earnings summary

Executive summary

• Fiscal year ended March 31, 2026 saw revenue of ¥339,582 million, down 7.9% year-over-year, with operating profit at ¥29,752 million, down 29.2%, and profit attributable to owners of parent at ¥15,388 million, down 37.2%.

• Overseas operations achieved record-high revenue and operating profit, while domestic segments declined due to a rebound from prior year’s large orders and new banknote-related demand.

• The company launched the 2026 Medium-Term Management Plan, focusing on digital transformation and operational efficiency.

Financial highlights

• Merchandise and finished goods revenue was ¥214,314 million (down 9.2%), maintenance service revenue ¥125,268 million (down 5.6%).

• EBITDA for the year was ¥50,147 million, down from ¥62,207 million the previous year.

• Basic earnings per share was ¥284.71, diluted EPS ¥275.68, both down significantly year-over-year.

• Total assets at year-end were ¥452,489 million, equity attributable to owners of parent ¥217,878 million.

• Cash and cash equivalents at year-end were ¥50,042 million.

Outlook and guidance

• Fiscal year ending March 31, 2027 forecast: revenue ¥360 billion (+6.0%), operating profit ¥32 billion (+7.6%), profit attributable to owners of parent ¥20 billion (+30.0%), basic EPS ¥370.03.

• Dividend forecast for FY2027 is ¥154 per share, with a targeted total return ratio of 100% or more and DOE of 4.0% or more.

• Forecasts do not include potential impacts from geopolitical risks, supply chain disruptions, or raw material price increases.