HIKARI TSUSHIN (9435) Q3 2026 earnings summary

Executive summary

• Achieved record-high revenue, recurring operating profit, and operating profit for the first nine months of FY26/3, with all metrics showing year-over-year growth.

• Revenue for the nine months ended December 31, 2025, rose 8.8% year-over-year to ¥542,500 million, with operating profit up 2.2% to ¥88,503 million and profit attributable to owners of parent up 9.6% to ¥112,671 million.

• Comprehensive income surged 58% year-over-year, reflecting strong financial and capital market performance.

• Growth was driven by increased customer contracts across core segments, especially in electricity, gas, and finance, despite higher sales expenses and a challenging macroeconomic environment.

• Dividend per share increased for the 15th consecutive year, with no reductions for 23 years.

Financial highlights

• Nine-month revenue rose 8% YoY to ¥542.5 billion; recurring operating profit up 10% to ¥137.6 billion.

• Gross profit increased to ¥272,192 million from ¥253,338 million year-over-year.

• Basic earnings per share for the period was ¥2,566.04, up from ¥2,333.86 year-over-year.

• Net profit for the nine months reached ¥112.6 billion, up 9% YoY.

• Dividend and interest income up 18% YoY to ¥39.0 billion.

Outlook and guidance

• Full-year revenue forecast for FY2026 is ¥760,000 million, up 10.7% year-over-year, with operating profit projected at ¥115,000 million and profit attributable to owners of parent at ¥120,000 million.

• Net profit forecast revised upward to ¥120.0 billion, a 5 billion yen increase from previous guidance.

• Basic earnings per share for the full year is forecast at ¥2,733.04.

• Dividend forecast for FY2026 is ¥746.00 per share, up from ¥661.00 in the previous year.

• Assumed USD/JPY exchange rate revised to 150 yen.