Maruwa Co. (5344) Q1 2027 earnings summary

Executive summary

• Net sales for Q1 FY2026 rose 11.7% year-over-year to ¥19,267 million, marking a record first quarter.

• Operating profit increased 5.8% year-over-year to ¥6,348 million; ordinary profit up 14.9% to ¥6,574 million.

• Net profit attributable to owners of parent grew 15.2% year-over-year to ¥4,466 million.

• Strong demand in telecommunication, semiconductor, and LED lighting segments drove performance.

• Upward revision of full-year forecast due to robust market trends and anticipated demand growth.

Financial highlights

• Gross profit for Q1 FY2026 was ¥10,422 million, up from ¥9,075 million year-over-year.

• Comprehensive income increased 12.9% year-over-year to ¥4,746 million.

• Basic earnings per share rose to ¥361.96 from ¥314.31 year-over-year.

• Equity ratio improved to 91.5% from 90.5% at the previous fiscal year-end.

• Operating profit margin for 1Q FY2026: 32.9%.

Outlook and guidance

• Full-year FY2026 net sales forecast revised up to ¥93,300 million, a 25.3% year-over-year increase.

• Operating profit forecast raised to ¥33,700 million, up 34.9% year-over-year.

• Telecommunication sales expected to grow 48% YoY; semiconductor sales to rise 20% YoY.

• Strong demand expected in telecommunication, semiconductor, and lighting businesses; production capacity expansions planned.

• Assumes foreign exchange rate of ¥158/USD.