PIOLAX (5988) Q1 2026 earnings summary

Executive summary

• Net sales for the quarter ended June 30, 2025, were ¥15,092 million, down 4.1% year-over-year.

• Operating profit declined 40.9% year-over-year to ¥383 million.

• Profit attributable to owners of parent dropped 82.2% year-over-year to ¥128 million.

• Comprehensive income turned negative at ¥(2,008) million, compared to ¥3,072 million in the prior year.

Financial highlights

• Gross profit decreased to ¥3,264 million from ¥3,725 million year-over-year.

• Ordinary profit fell 65.8% year-over-year to ¥306 million.

• Basic earnings per share for the quarter were ¥4.65, down from ¥21.18 a year earlier.

• Total assets decreased to ¥94,623 million from ¥105,464 million at the previous fiscal year-end.

• Equity-to-asset ratio dropped to 67.9% from 85.8% at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast for FY ending March 31, 2026, is ¥62,000 million, a 2.1% decrease year-over-year.

• Operating profit is projected at ¥2,100 million, down 11.9% year-over-year.

• Profit attributable to owners of parent is forecast at ¥1,200 million, a 33.1% decrease year-over-year.

• Annual dividend forecast remains unchanged at ¥92.00 per share.