Okabe (5959) Q1 2026 earnings summary

Executive summary

• Net sales for the first quarter rose 2.7% year-over-year to 16,436 million yen, driven by growth in construction-related products and overseas demand, despite challenging market conditions and high labor/material costs.

• Operating profit declined 46.1% year-over-year to 528 million yen, mainly due to changes in sales mix and increased SG&A expenses.

• Profit attributable to owners of parent dropped 28.1% year-over-year to 534 million yen.

• Comprehensive income fell 37.6% year-over-year to 1,541 million yen.

Financial highlights

• Gross profit for the quarter was 4,748 million yen, down from 5,008 million yen year-over-year.

• Ordinary profit decreased 45.1% year-over-year to 579 million yen.

• Basic earnings per share for the quarter were 11.78 yen, down from 16.12 yen in the prior year.

• Total assets stood at 85,124 million yen, with net assets at 61,802 million yen and an equity ratio of 72.6%.

Outlook and guidance

• Full-year net sales forecast is 72,500 million yen, up 3.9% year-over-year.

• Operating profit for the year is projected at 5,150 million yen (up 8.1%), with profit attributable to owners of parent at 3,700 million yen (up 12.6%).

• No changes to previously announced forecasts.