Roland (7944) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 rose 13.7% year-over-year to ¥25,633 million, supported by underlying growth and favorable FX movements.

• Operating profit increased 35.0% to ¥1,947 million as U.S. tariff impacts were offset by other factors.

• Net profit declined 22.1% year-over-year to ¥1,429 million due to a prior-year one-off tax timing effect but was in line with internal plans.

• Comprehensive income rebounded to ¥2,275 million from a loss of ¥415 million in the prior year period.

Financial highlights

• Sales reached ¥25.6bn, up 13.7% year-over-year; ex-FX growth was 5.9%.

• Operating profit was ¥1.9bn, up 35.0% year-over-year.

• Net profit was ¥1.4bn, down 22.1% year-over-year.

• EBITDA increased 21.9% to ¥2.7bn.

• Gross profit increased to ¥10,682 million from ¥9,559 million year-over-year.

Outlook and guidance

• FY2026 net sales forecast at ¥106,400 million, up 5.4% year-over-year; operating profit projected at ¥10,000 million, up 6.2%.

• Profit attributable to owners of parent expected to surge 232.1% to ¥7,200 million for FY2026.

• Dividend forecast maintained at ¥85 per share for both interim and year-end, totaling ¥170 per share for FY2026.

• No changes to previously announced earnings forecasts.

• Higher semiconductor memory prices and Middle East geopolitical tensions pose risks, but FX and lower U.S. tariffs are expected to offset these.