Paltac (8283) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2026 reached ¥316.0bn, up 4.3% year-over-year, driven by higher unit prices, expanded product lineup, and strong demand from inbound tourism and seasonal factors.

• Operating profit increased 2.6% year-over-year to ¥7.6bn, with gross profit margin improving to 7.49% despite higher SG&A expenses from logistics, labor, and investments in human capital.

• Profit for the period was ¥6,240 million, up 2.7% year-over-year, and EPS rose to ¥101.18 from ¥96.68.

• Profit improvement measures supported operating profit growth despite higher costs.

Financial highlights

• Net sales increased by ¥13.1bn (+4.3%) compared to Q1 last year, with gross profit up 6.0% to ¥23,686 million and gross margin up 0.11 points to 7.49%.

• SG&A expenses increased by ¥1.1bn (+7.7%) to ¥16,062 million, mainly due to higher logistics and personnel costs.

• Ordinary profit was ¥8,519 million, up 2.6% year-over-year.

• Cash and cash equivalents at quarter-end were ¥60,078 million, down ¥9,838 million from the previous fiscal year-end.

Outlook and guidance

• FY2026 forecasts remain unchanged: net sales projected at ¥1,230.0bn (+3.5%), operating profit at ¥29.0bn (+3.5%), and EPS at ¥356.70 (-2.7%).

• Full-year profit forecast is ¥22,000 million (down 3.8%), with dividend per share for FY2026 at ¥120.00, up from ¥105.00 in FY2025.

• No revisions to previously announced financial or dividend forecasts.

• Company expects continued challenges from consumer thriftiness and rising logistics costs but aims for steady sales and profit growth through structural reforms.