Parker (9845) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥17,335 million, up 2.5% year-over-year, with operating profit at ¥1,611 million, up 49.8% year-over-year, and net income attributable to shareholders at ¥1,251 million, up 67.6% year-over-year.

• Global economic recovery remained slow with ongoing geopolitical risks and uncertain monetary policies; domestic consumption in Japan showed resilience, but high energy and raw material costs persisted.

• Automotive sector faced uncertainty due to US tariff policy, but domestic new car sales remained stable.

Financial highlights

• Operating profit margin improved significantly, with operating profit up 49.8% and ordinary profit up 65.4% year-over-year.

• EPS for Q1 FY2026 was ¥50.03, compared to ¥29.86 in the prior year.

• Comprehensive income dropped sharply to ¥204 million from ¥2,108 million year-over-year, mainly due to foreign currency translation adjustments.

Outlook and guidance

• Full-year revenue forecast is ¥69,000 million (down 1.4% year-over-year), with net income forecast at ¥3,400 million (up 20.9%).

• No changes to previously announced guidance; performance is tracking in line with plan.

• Dividend forecast for FY2026 is ¥28 per share, up from ¥25 in the prior year.