NTN (6472) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2026 were ¥199,039 million, down 5.6% year-over-year, reflecting a slowdown in global economic recovery and adverse exchange rates.

• Operating income rose 53.9% to ¥6,977 million, driven by reductions in variable costs and expenses.

• Profit attributable to owners of parent surged 598.1% to ¥1,190 million, despite lower sales.

Financial highlights

• Gross profit increased to ¥36,045 million from ¥35,122 million year-over-year.

• Ordinary income was ¥4,032 million, up 83.3% year-over-year.

• Net income per share was ¥2.25, compared to ¥0.32 in the prior year.

• Comprehensive income dropped sharply to ¥791 million from ¥15,974 million year-over-year.

Outlook and guidance

• Full-year FY2026 net sales forecast at ¥790,000 million, up 4.3% year-over-year.

• Operating income projected at ¥24,000 million (up 4.5%), ordinary income at ¥11,000 million (up 5.0%).

• Profit attributable to owners of parent forecasted at a loss of ¥6,000 million.

• No revision to previously announced earnings forecast.