Roland (7944) Q3 2026 earnings summary

Executive summary

• 9M net sales rose 11.6% YoY to ¥77,665 million; operating profit increased 45.7% to ¥9,009 million, partly reflecting refunds of U.S. tariffs paid in the prior fiscal year.

• FY2026 net sales and operating profit forecasts were raised to ¥111,000 million and ¥12,000 million; the ¥85 year-end dividend forecast was unchanged.

Financial highlights

• 9M gross profit was ¥35,496 million versus ¥30,153 million YoY; SG&A was ¥26,487 million versus ¥23,969 million.

• 9M ordinary profit rose 48.8% to ¥8,744 million; profit attributable to owners of parent was ¥6,993 million, up 28.6%.

• Q3 standalone net sales were ¥26.0bn (+9.3% YoY); operating profit was ¥4.6bn (+93.9%), net profit ¥3.8bn (+148.9%) and EBITDA ¥5.3bn (+71.8%).

• 9M FX impact on sales was +¥6.3bn; sales growth excluding FX was 2.6%.

Outlook and guidance

• FY2026 forecast: net sales ¥111,000 million, operating profit ¥12,000 million, ordinary profit ¥11,600 million, parent-attributable profit ¥9,300 million and basic EPS ¥352.32.

• Revised sales and operating profit forecasts are 4.3% and 20.0% above initial guidance, reflecting FX and U.S. tariff refunds.

• FY2027 operating profit is targeted broadly in line with FY2026 on a constant-currency basis, despite FY2026 including one-off U.S. tariff refunds.

• Q4 assumptions include USD/JPY ¥155 and additional U.S. tariff rates by production location; actual results may vary with market conditions, tariffs and raw-material prices.