Hochiki (6745) Q1 2026 earnings summary

Executive summary

• Net sales for FY3/2026 1Q rose 7.1% year-over-year to ¥22.36 billion, driven by strong refurbishment/retrofit installations and maintenance, with operating profit up 115.5% to ¥1.07 billion and operating margin improving by 2.4pp to 4.8%.

• Profit attributable to owners of parent increased 40.9% year-over-year to ¥800 million.

• Orders received increased 8.9% year-over-year to ¥34.46 billion, reflecting robust demand in core segments.

• Both domestic and overseas businesses contributed to revenue and profit growth, with the stock-model business and overseas sales showing positive trends.

Financial highlights

• Gross profit increased to ¥8.11 billion from ¥7.14 billion year-over-year.

• Ordinary profit rose 21.6% year-over-year to ¥1.069 billion.

• Basic earnings per share improved to ¥32.19 from ¥22.92 year-over-year.

• Comprehensive income declined 8.2% year-over-year to ¥1.164 billion.

• Order backlog rose 3.0% to ¥39.53 billion.

Outlook and guidance

• Full-year net sales forecast at ¥100.9 billion (flat year-over-year), with operating profit projected at ¥10 billion (+4.7%).

• Profit attributable to owners of parent expected to decrease 5.9% year-over-year to ¥7.2 billion.

• No changes to previously announced earnings forecasts.