Musashi (7521) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥9,966 million, a 27.9% increase year-over-year.

• Operating income rose to ¥1,187 million, up 299.7% year-over-year.

• Net income attributable to shareholders was ¥785 million, a 337.3% increase year-over-year.

• All major business segments except printing materials saw strong or stable performance.

Financial highlights

• Gross profit for Q1 FY2026 was ¥2,898 million, up from ¥2,036 million year-over-year.

• Operating margin improved significantly due to higher sales and cost control.

• Comprehensive income for the quarter was ¥809 million.

• Total assets at quarter-end were ¥49,320 million; equity ratio improved to 70.1%.

Outlook and guidance

• Full-year revenue forecast is ¥37,364 million, nearly flat year-over-year.

• Full-year net income forecast is ¥1,147 million, up 66.6% year-over-year.

• No changes to previously announced earnings guidance.