Ninestar (002180) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥2.29 billion, down 61.36% year-over-year, mainly due to the exclusion of disposed subsidiary Lexmark; excluding Lexmark, revenue grew 1.85% year-over-year.

• Net profit attributable to shareholders was ¥64.55 million, down 23.5% year-over-year; excluding Lexmark, net profit grew 1.53% year-over-year.

• The company completed a name and ticker change, and resolved a change in actual controller due to inheritance.

Financial highlights

• Operating income: ¥2.29 billion, down 61.36% year-over-year.

• Net profit attributable to shareholders: ¥64.55 million, down 23.5% year-over-year.

• Net cash flow from operating activities: -¥133.42 million, a significant improvement from -¥412.85 million last year.

• Basic and diluted EPS: ¥0.0454, down 23.44% year-over-year.

• Total assets at period end: ¥16.87 billion, down 1.16% from year-end 2025.

Outlook and guidance

• The company targets dual growth in revenue and profit for 2026, leveraging overseas expansion, domestic market recovery, and AI printer upgrades.