Nagano Keiki (7715) Q4 2026 earnings summary

Executive summary

• Net sales for FY03/2026 were ¥67.69 billion, down 2.7% year-over-year, with operating profit at ¥6.98 billion, reflecting declines due to demand adjustments, especially in semiconductor-related products.

• Profit attributable to owners was ¥5.39 billion, EPS ¥285.75, and annual dividend raised to ¥52 per share.

• Comprehensive income increased 32.3% year-over-year to ¥6.59 billion, driven by valuation gains and currency effects.

• Pressure Gauge business achieved higher operating profit, supported by domestic infrastructure demand and strong U.S. subsidiary performance.

• Expansion of production capacity at the Maruko Electronic Instrument Plant consolidated pressure sensor element manufacturing.

Financial highlights

• Net sales decreased by 2.7% year-over-year to ¥67.69 billion; operating profit fell 8.8% to ¥6.98 billion; ordinary profit dropped 9.4% to ¥6.86 billion.

• EPS was ¥285.75 (down from ¥316.94 year-over-year).

• Equity ratio improved to 62.9% as of March 31, 2026.

• Dividend per share increased to ¥52 for FY03/2026 and is forecasted to rise to ¥60 for FY03/2027.

• Gross profit decreased by ¥537 million, mainly due to lower net sales and higher input costs.

Outlook and guidance

• FY03/2027 forecast: net sales ¥67.5 billion, operating profit ¥6.8 billion, profit attributable to owners ¥4.3 billion, EPS forecast ¥227.60.

• Segment forecasts show stable or slightly declining sales and profits, with minor growth in pressure sensors and measurement equipment.

• Conservative exchange rates assumed: ¥150/USD, ¥175/EUR.

• Capital expenditures and R&D investment to remain robust, supporting new product launches and facility upgrades.