Rion (6823) Q4 2026 earnings summary

Executive summary

• FY26 revenue rose 2.2% to ¥28,501 million and operating income increased 8.1% to ¥4,361 million, both record highs; net income rose 17.0% to ¥3,345 million.

• Revenue grew across all three segments; Environmental Equipment led operating-profit growth, while Particle Counter investment temporarily reduced segment profit.

• Net income growth was amplified by a prior-year one-time cost to rebuild an employee welfare facility at the headquarters site.

• Comprehensive income surged 45.9% to ¥4,287 million, benefiting from valuation gains on available-for-sale securities and foreign currency translation adjustments.

Financial highlights

• Revenue was ¥28,501 million, up 2.2%; gross profit was ¥14,057 million as cost of sales rose 4.6% to ¥14,444 million.

• Operating income was ¥4,361 million, up 8.1%; SG&A fell 3.3% to ¥9,695 million, offsetting higher production, personnel and depreciation costs.

• Ordinary income increased 8.2% to ¥4,443 million; net income attributable to owners rose 17.0% to ¥3,345 million.

• Operating margin rose to 15.3% from 14.5%; EPS increased to ¥271.41 from ¥232.19.

• Operating cash flow was ¥4,165 million; investing and financing cash outflows were ¥753 million and ¥954 million. Year-end cash and equivalents were ¥8,397 million.

Outlook and guidance

• FY27 forecast: revenue ¥29,700 million, operating income ¥4,700 million, ordinary income ¥4,750 million and net income ¥3,450 million; EPS is forecast at ¥279.80.

• FY28 forecasts are revenue ¥30,900 million, operating income ¥4,800 million and net income ¥3,500 million; FY29 forecasts are ¥32,000 million, ¥5,350 million and ¥3,850 million, respectively.

• FY31 targets: revenue of at least ¥35 billion, operating margin of at least 15% and ROE of at least 10%.

• FY27 Environmental Equipment operating income is forecast to fall to ¥600 million amid product-development and market-entry investment; hearing-aid promotion costs may vary with launch timing and model count.