Noritsu Koki Co (7744) Q3 2026 earnings summary

Executive summary

• 9M FY12/26 revenue rose 42.1% YoY to ¥122,554m; operating profit increased 33.6% to ¥23,472m, supported by SENQCIA consolidation, business growth and yen depreciation.

• Revised FY12/26 forecasts set revenue at ¥169,200m, operating EBITDA at ¥36,900m, operating profit at ¥27,400m and net profit at ¥17,800m; annual dividend forecast rose to ¥84 per share.

Financial highlights

• 9M operating EBITDA rose 45.6% YoY to ¥30,661m; net profit was ¥15,115m, up 13.4%.

• Revenue and operating EBITDA grew 33.8% and 30.1%, respectively, excluding forex.

• Gross profit was ¥59,120m versus ¥43,855m; profit before tax increased 29.0% to ¥22,852m.

• Basic EPS was ¥142.08 and diluted EPS was ¥139.46; prior-year EPS figures were restated for the 3-for-1 stock split.

Outlook and guidance

• Revised FY12/26 forecasts: revenue ¥169,200m, operating EBITDA ¥36,900m, operating profit ¥27,400m and net profit ¥17,800m; increases versus initial forecasts were ¥1,600m, ¥1,400m, ¥1,400m and ¥1,000m, respectively.

• Alpha Theta revenue and operating EBITDA forecasts rose to ¥80,500m and ¥22,400m; JLab revenue forecast fell to ¥41,800m while operating EBITDA remained ¥5,400m.

• Demand is expected to remain firm; pricing prioritizes market expansion and competitiveness amid inflation and higher procurement costs.

• Forecasts incorporate cost controls, US tariff duty drawbacks and weaker-yen benefits, offsetting higher component costs and retailer inventory adjustments.