Nippon Seiki (7287) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, rose 2.9% year-over-year to ¥234,362 million, with operating profit up 52.3% and profit before tax up 125.4%, driven by strong motorcycle instrument sales in ASEAN and India.

• Profit attributable to owners of parent increased 179.2% year-over-year, supported by foreign exchange gains reversing prior year losses.

• Growth was also aided by the adoption of head-up displays by a major automaker.

• Automobile instrument sales declined due to weak demand in China and lower HUD sales in North America.

Financial highlights

• Q3 revenue: ¥78,120 million (+3.7% YoY); cumulative nine-month revenue: ¥234,362 million (+2.9% YoY).

• Q3 operating profit: ¥3,319 million (+52.2% YoY); cumulative nine-month operating profit: ¥8,566 million (+52.3% YoY).

• Q3 profit before tax: ¥4,678 million (+91.6% YoY); cumulative nine-month profit before tax: ¥10,841 million (+125.4% YoY).

• Q3 profit attributable to owners: ¥2,873 million (+77.7% YoY); cumulative nine-month profit: ¥6,608 million (+179.2% YoY).

• Basic earnings per share increased to ¥115.19 from ¥40.32 year-over-year.

Outlook and guidance

• Full-year forecast unchanged: revenue ¥320,000 million, operating profit ¥11,300 million, profit attributable to owners ¥8,000 million.

• Progress rates: revenue 73.2%, operating profit 75.8%, profit attributable to owners 82.6% of full-year plan.

• Management notes uncertainties in demand trends and foreign exchange rates in major markets.