MATSUDA SANGYO (7456) Q4 2026 earnings summary

Executive summary

• Achieved record-high consolidated results for FY ended March 31, 2026, with net sales of ¥687.8 billion and operating profit of ¥22.4 billion, driven by strong performance in both Precious Metals and Food segments.

• Precious Metals Business Segment drove growth, benefiting from higher recycling volumes and precious metal prices; Food Business Segment also saw increased sales and profits.

• Both segments benefited from higher sales volumes, price increases, and improved operating margins year-over-year.

• Total assets increased to ¥227,771 million, net assets to ¥119,049 million, and equity ratio declined to 52.0%.

Financial highlights

• Net sales rose 46.7% year-over-year to ¥687.8 billion; operating profit increased 77.0% to ¥22.4 billion.

• Ordinary profit reached ¥23.5 billion (+74.1% YoY); profit attributable to owners of parent was ¥16.7 billion (+77.2% YoY).

• Earnings per share increased to ¥647.59 (+77.5% YoY).

• ROE improved to 15.4% (+5.5pt YoY); ROA to 11.9% (+3.4pt YoY).

• Operating margin improved to 3.3% from 2.7% year-over-year.

Outlook and guidance

• FY3/27 forecast: net sales ¥700.0 billion (+1.8% YoY), operating profit ¥24.0 billion (+7.0% YoY), EPS ¥661.7 (+2.2% YoY), profit attributable to owners of parent ¥17.1 billion (+2.1% YoY).

• Precious Metals segment expected to drive growth with increased recycling volume and recovery in electronic devices sector.

• Food segment sales to rise, but operating profit to remain flat due to higher SG&A expenses.

• Dividend per share forecast for FY3/27 is ¥110, marking the 9th consecutive annual increase.