Oki Electric Industry (6703) Q3 2026 earnings summary

Executive summary

• Net sales for the first three quarters of FY2025 were ¥282.2 billion, down 8.1% year-over-year due to the absence of large-scale projects.

• Operating income decreased 20.6% year-over-year to ¥6.1 billion, in line with expectations.

• Profit attributable to owners of parent rose 273.3% year-over-year to ¥7.4 billion, driven by extraordinary gains from ETRIA participation and asset sales.

• Comprehensive income improved to ¥11.1 billion from a loss of ¥180 million in the prior year period.

Financial highlights

• Net sales for the first three quarters were ¥282.2 billion, down 8% year-over-year.

• Operating income was ¥6.1 billion, down 20% year-over-year.

• Ordinary profit increased 16% to ¥6.5 billion.

• Gross profit for the nine months was ¥69.4 billion, down from ¥77.9 billion year-over-year.

• Profit attributable to owners of parent surged 270% to ¥7.4 billion, mainly due to extraordinary income from ETRIA.

Outlook and guidance

• Full-year net sales forecast is ¥430.0 billion, revised downward by ¥10.0 billion.

• Operating income forecast revised upward by ¥1.0 billion to ¥20.0 billion.

• Profit attributable to owners of parent forecast raised by ¥3.0 billion to ¥19.0 billion.

• Basic earnings per share for the full year is forecast at ¥219.05.

• Annual dividend per share maintained at ¥50, with potential for review based on future performance.