HIKARI TSUSHIN (9435) Q1 2026 earnings summary

Executive summary

• Revenue rose 14.4% year-over-year to ¥167.1 billion, with recurring operating profit up 12% for Q1 FYE March 2026, driven by increased customer contracts and in-house product growth.

• Net income attributable to owners of parent declined 38.6% year-over-year, impacted by significant foreign exchange and financial expenses from a stronger yen.

• Dividend per share increased by 4 yen to a record high, continuing a 15-year streak of dividend growth.

• Equity attributable to owners of parent increased by 11% year-over-year, reflecting strong investment gains.

• Operating profit increased 1.1% year-over-year to ¥27,503 million.

Financial highlights

• Organic revenue growth contributed 12% of the 14% total increase, with M&A adding 2%.

• Gross profit for the quarter was ¥87,149 million, up from ¥80,339 million year-over-year.

• EBITDA for Q1 was ¥31.7 billion, up 3% year-over-year.

• Dividend income and interest income increased by 9% year-over-year to ¥16.5 billion.

• Look-through earnings from investments surged 38% year-over-year to ¥122.5 billion.

Outlook and guidance

• Full-year revenue forecast is ¥760.0 billion, with operating profit expected at ¥115.0 billion.

• Net income forecast for the full year is ¥100.0 billion, with basic EPS forecast at ¥2,278.51.

• Dividend forecast for the year raised to ¥724 per share, a 9% increase year-over-year.