Okinawa Cellular Telephone Company (9436) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 FY26 rose 4.0% year-over-year to ¥20,613 million, driven by higher mobile, handset, and au Denki sales.

• Operating profit increased 6.2% to ¥4,644 million, and net income rose 9.5% to ¥3,272 million year-over-year.

• Comprehensive income for Q1 FY26 was ¥3,343 million, up from ¥3,030 million in Q1 FY25.

Financial highlights

• Operating revenue: ¥20,613 million (+4.0% YoY); operating profit: ¥4,644 million (+6.2% YoY); net income: ¥3,272 million (+9.5% YoY); EBITDA: ¥6,202 million (+2.3% YoY).

• Recurring profits: ¥4,688 million (+7.2% YoY).

• Net income per share: 69.69 yen, up from 61.98 yen YoY.

• Total assets at quarter-end: ¥114,592 million (down 3.1% from FY25 year-end); net assets: ¥98,851 million (down 0.3%).

• Free cash flow for Q1: ¥4,154 million.

Outlook and guidance

• 1Q operating revenue and profit are in line with full-year forecasts, with progress rates of 24% and 26% respectively.

• FY26 full-year guidance: operating revenue ¥85,000 million (+0.8% YoY), operating income ¥18,200 million (+2.5%), profit attributable to owners ¥12,550 million (+1.2%).

• Net income per share forecast: 267.05 yen (pre-stock split), 133.53 yen (post-split).

• Mobile net additions and FTTH net additions are progressing at 28% of annual targets.

• No changes to previously announced forecasts; management will revise guidance if significant uncertainties arise.