Metalart Corporation (5644) Q1 2026 earnings summary

Executive summary

• Revenue increased across all major segments, with overall sales rising 6.1% year-over-year for the first quarter of FY2026.

• Revenue for Q1 FY2026 was ¥10,673 million, up 4.7% year-over-year, driven by recovery in domestic automotive demand and new business in other segments.

• Operating profit grew by 7.3% compared to the same quarter last year, reflecting improved profitability.

• Net income rose 14.2% year-over-year, indicating strong bottom-line performance.

• Net income attributable to shareholders was ¥295 million, down 14.2% YoY due to the absence of prior year’s one-time compensation gains.

Financial highlights

• Total sales reached 87 billion yen for the quarter, up from 82 billion yen in the prior year period.

• Operating profit was 4.8 billion yen, up from 4.3 billion yen year-over-year.

• Ordinary profit was 4.3 billion yen, nearly flat year-over-year.

• Gross profit increased to ¥1,065 million from ¥998 million YoY.

• EPS for Q1 was ¥102.66, down from ¥116.92 YoY.

Segment performance

• Automotive segment sales increased 4.9% year-over-year, reaching 106 billion yen.

• Automotive parts sales rose 5.8% YoY to ¥8,763 million, offsetting declines in construction machinery (-8.1%) and agricultural machinery (-17.3%).

• Construction machinery segment sales rose 27.8% year-over-year, totaling 14 billion yen.

• Other segment sales surged 73.7% YoY to ¥366 million.

• Other segments saw an 8.1% decrease, with sales at 13 billion yen.