Shibuya (6340) Q4 2026 earnings summary

Executive summary

• FY2026 net sales reached a record ¥135,613m, up 5.1% YoY; results met initial net sales and operating-profit targets.

• Operating profit fell 4.9% to ¥13,081m and ordinary profit fell 1.5% to ¥13,560m.

• Profit attributable to owners of parent rose 1.7% to ¥10,223m.

• FY2026 4Q net sales rose 11.5% YoY and operating profit rose 58.2% YoY.

• Comprehensive income increased 41.3% to ¥13,860m, supported by other comprehensive income.

Financial highlights

• Gross profit was ¥25,236m, nearly flat YoY; SG&A increased 6.1% to ¥12.2bn.

• Lower gross margin and higher SG&A offset gross-profit growth; lower R&D expenses partly mitigated cost pressures.

• EPS rose to ¥369.52 from ¥363.34; net assets per share increased to ¥4,304.28 from ¥3,900.84.

• Comprehensive income included gains of ¥1,301m on available-for-sale securities and ¥1,704m from defined-benefit plan remeasurements.

Outlook and guidance

• FY2027 forecast: net sales ¥150,000m (+10.6%), operating profit ¥16,000m (+22.3%), ordinary profit ¥16,200m (+19.5%) and net income ¥11,000m (+7.6%).

• FY2027 EPS is forecast at ¥397.60; management expects to achieve Medium-Term Management Plan sales and operating-profit targets.

• FY2027 segment sales forecasts: Packaging ¥87.4bn (+4.0%), Mechatronics ¥48.2bn (+23.6%) and Agricultural Equipment ¥14.4bn (+14.5%).

• Overseas net sales are forecast at ¥60.0bn (+8.4%); North America is identified as a source of Packaging Plant Business growth.