Shibuya (6340) Q1 2026 earnings summary

Executive summary

• Q1 FY26 revenue rose 9.1% YoY to ¥30,597m, while operating income fell 56.7% to ¥1,500m and net income fell 52.1% to ¥1,110m.

• Packaging Plant revenue grew strongly, but its operating margin narrowed; Mechatronics and Agricultural Equipment revenue and profit declined.

• Comprehensive income was ¥1,747m, nearly flat YoY.

Financial highlights

• Gross profit was ¥4,512m, down from ¥6,129m; gross margin fell to 14.7% from 21.8%.

• Ordinary income was ¥1,575m, down 53.2% YoY; EPS was ¥40.13, versus ¥83.72.

• Total assets were ¥158,788m and net assets were ¥108,294m at September 30, 2025; the equity ratio was 68.2%, up from 67.7% at the prior fiscal year-end.

• Cash and deposits fell ¥5,928m from June while inventory rose ¥3,119m.

Outlook and guidance

• FY26 guidance remains unchanged: revenue ¥133,000m, up 3.1% YoY; operating income ¥13,000m, down 5.4%; ordinary income ¥13,200m, down 4.2%; net income ¥9,300m, down 7.5%.

• Forecast EPS is ¥336.15; the dividend forecast is ¥95.00 per share, comprising ¥47.50 interim and ¥47.50 year-end.

• Expected profit pressure reflects higher fixed costs, including labor and depreciation, rising material and energy prices, and product mix.