GoerTek (002241) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥18.66 billion, up 14.44% year-over-year, with net profit attributable to shareholders at ¥503 million, a 7.28% increase year-over-year.

• Excluding non-recurring items, net profit rose 19.57% year-over-year to ¥349 million.

• Operating cash flow turned negative at -¥585 million, compared to ¥1.54 billion in Q1 2025.

Financial highlights

• Total assets at quarter-end were ¥92.61 billion, up 2.30% from year-end 2025.

• Shareholders’ equity increased 2.68% to ¥37.38 billion.

• Basic and diluted EPS were both ¥0.14, with diluted EPS up 7.69% year-over-year.

• Non-recurring gains totaled ¥154 million, mainly from government subsidies and financial asset gains.

Outlook and guidance

• No explicit forward-looking guidance provided, but increased R&D and capital expenditures suggest ongoing investment in innovation.