INES (9742) Q4 2026 earnings summary

Executive summary

• FY26 net sales fell 9.7% to ¥36,616 million; operating profit swung to a ¥647 million loss from ¥3,536 million profit, and net loss was ¥1,843 million.

• Standardization-related accounting, impairment charges and weaker segment sales weighed on results; excluding standardization, revenue and operating profit also declined year over year.

Financial highlights

• Gross profit fell to ¥5,362 million from ¥9,715 million; ordinary profit swung to a ¥460 million loss from ¥3,608 million profit.

• EPS was negative ¥88.57 versus ¥117.13; ROE was -4.8% versus 6.3%.

• Total assets decreased to ¥49,361 million from ¥56,727 million; net assets fell to ¥36,966 million from ¥39,192 million.

• Extraordinary losses totaled ¥1,190 million, including ¥1,104 million in impairment losses; special losses were ¥1,184 million versus ¥96 million in FY25.

Outlook and guidance

• FY27 forecast: revenue ¥40.0 billion (+9.2% YoY), operating profit ¥2.5 billion, ordinary profit ¥2.5 billion, net income ¥1.7 billion and EPS ¥81.68.

• FY27 annual dividend forecast is ¥55 per share, up from FY26's ¥50; FY26 year-end dividend was ¥25 per share, down ¥5 YoY.

• FY27 priorities include completing standardization migrations, winning municipal deployments, expanding private-sector solutions and reducing costs through in-house work and generative AI.

• FY28 plan targets ¥52.0 billion revenue and an operating margin of at least 10%.