MATSUDA SANGYO (7456) Q1 2026 earnings summary

Executive summary

• Net sales/revenue increased 31.2% year-over-year to ¥146.6 billion for the quarter ended June 30, 2025, with operating profit up 19.7% to ¥3.7 billion and net income attributable to owners up 16.8% to ¥3.0 billion.

• Growth was driven by higher volumes and favorable pricing in both the Precious Metals and Food business segments, with precious metals benefiting from higher gold prices and increased recycling, and food supported by robust inbound demand and effective cost pass-through.

Financial highlights

• Net sales rose 31.2% year-over-year to ¥146.6 billion.

• Operating profit increased 19.7% to ¥3.7 billion; operating margin was 2.6%.

• Net income attributable to owners grew 16.8% to ¥3.0 billion; EPS was ¥116.2.

• Gross profit increased to ¥10.2 billion from ¥8.6 billion year-over-year.

• Comprehensive income declined to ¥2.6 billion from ¥3.6 billion year-over-year, mainly due to negative foreign currency translation adjustments.

Outlook and guidance

• Full-year forecasts: net sales ¥490.0 billion, operating profit ¥13.5 billion, net income ¥10.0 billion, EPS ¥385.8.

• No changes to previously announced forecasts for the second quarter or full fiscal year.

• Dividend forecast for the fiscal year ending March 31, 2026, is ¥90 per share, up from ¥75 in the previous year.