Okamoto Industries (5122) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, were ¥80,679 million, a 2.9% decrease year-over-year.

• Operating profit declined 39.5% year-over-year to ¥4,302 million; ordinary profit fell 26.3% to ¥6,223 million.

• Profit attributable to owners of parent dropped 28.6% year-over-year to ¥3,626 million.

• Declines attributed to yen appreciation, higher flame retardant prices, and a slowdown in the Chinese economy.

• Comprehensive income rose to ¥12,322 million, up 127.8% year-over-year, driven by valuation gains on securities.

Financial highlights

• Gross profit for the period was ¥15,872 million, down from ¥18,500 million year-over-year.

• Net income per share was ¥210.99, compared to ¥291.41 in the prior year.

• Total assets increased to ¥158,540 million as of December 31, 2025, from ¥146,134 million at March 31, 2025.

• Net assets rose to ¥103,486 million, with an equity ratio of 65.2%.

• Year-end dividend forecast maintained at ¥120 per share.

Outlook and guidance

• Full-year net sales forecast at ¥109,000 million, up 0.1% year-over-year.

• Operating income projected at ¥5,700 million, up 34.5%; ordinary income at ¥7,000 million, up 28.3%.

• Profit attributable to owners of parent expected to reach ¥4,300 million, up 35.6%.

• Net income per share forecast at ¥246.95.