Japan Investment Adviser (7172) Q1 2026 earnings summary

Executive summary

• Achieved record-high Q1 FY2026 profits, with all profit categories surpassing previous first-quarter results and high progress rates toward annual forecasts.

• Net sales rose 24.8% year-over-year to ¥13,755 million, with operating profit up 32.9% and profit attributable to owners of parent up 53.0%.

• Operating Lease Business drove growth, with sales up 27.5% year-over-year and 14 consecutive quarters of growth.

• Shareholders' equity ratio improved to 30.8% from 25.0% at the previous year-end.

• Diversification efforts underway in real estate, renewable energy, and private equity to reduce reliance on the Operating Lease Business.

Financial highlights

• Operating profit reached ¥9,270 million, up 32.9% year-over-year; ordinary profit was ¥8,688 million, up 46.5%.

• Net sales increased 24.8% year-over-year to ¥13,755 million.

• Profit attributable to owners of parent grew 53.0% to ¥6,167 million.

• Gross profit margin improved to 85.9% from 82.2% in the prior year.

• Comprehensive income more than doubled to ¥6,404 million, up 109.0% year-over-year.

Outlook and guidance

• FY2026 full-year net sales forecast at ¥48,960 million, with profit attributable to owners at ¥13,000 million.

• Operating profit projected at ¥19,670 million (+18.3%).

• Progress rates for Q1 are strong, with 28.1% of annual net sales and 47.4% of annual profit already achieved.

• Three-year plan targets 30% of sales from non-operating lease businesses and a dividend payout ratio of 50% or more.

• No change to previously announced earnings forecasts; management notes potential for revisions depending on future conditions.