JFE Systems (4832) Q1 2026 earnings summary

Executive summary

• Q1 net sales rose 0.9% YoY to ¥14,811 million; gross profit increased 10.8% and operating income rose 24.5% to ¥1,653 million, supported by project mix.

• Profit attributable to owners of parent increased 27.2% YoY to ¥1,097 million.

Financial highlights

• Q1 gross profit was ¥3,682 million, SG&A ¥2,029 million, and ordinary income ¥1,685 million, up 24.0% YoY.

• Orders received fell 19.0% YoY to ¥12,256 million; order backlog increased 0.3% to ¥23,331 million.

• Total assets were ¥52,992 million at quarter-end, down ¥74 million from FY-end; cash and cash equivalents rose ¥726 million to ¥24,779 million.

• Comprehensive income was ¥1,116 million, versus ¥920 million a year earlier.

Outlook and guidance

• FY2026 guidance remains unchanged: net sales ¥58,620 million, down 8.4%; operating income ¥6,300 million, down 17.0%; ordinary income ¥6,400 million, down 16.5%.

• Forecast parent-attributable profit is ¥4,260 million, down 21.7%; EPS is ¥135.63 and ROE is 12.6%.

• Lower Steelworks System Refresh workload is expected from Q2 onward, while strategic hiring, salary, training and reskilling costs are expected to rise.