ShinMaywa Industries (7224) Q1 2026 earnings summary

Executive summary

• Orders received rose 2.5% year-over-year to ¥74.2 billion, with net sales up 0.4% to ¥57.6 billion and order backlog up 8.7% to ¥333.9 billion.

• Operating profit fell 22.5% year-over-year to ¥1.4 billion, ordinary profit dropped 41.4% to ¥1.5 billion, and profit attributable to owners declined 40.0% to ¥0.9 billion.

• Achieved record-high first quarter orders and net sales, driven by Special Purpose Truck performance despite declines in Aircraft segment orders.

• Comprehensive income decreased to ¥201 million from ¥1,689 million year-over-year.

Financial highlights

• Orders received: ¥74.2 billion (+2.5% year-over-year); net sales: ¥57.6 billion (+0.4% year-over-year).

• Operating profit: ¥1.4 billion (−22.5% year-over-year); ordinary profit: ¥1.5 billion (−41.4% year-over-year); profit attributable to owners: ¥0.9 billion (−40.0% year-over-year).

• Order backlog reached ¥333.9 billion (+8.7% year-over-year).

• Basic EPS: ¥13.69 (down from ¥22.87 year-over-year).

• Comprehensive income: ¥201 million (down from ¥1,689 million year-over-year).

Outlook and guidance

• FY2025 forecast: Orders received revised upward to ¥320.0 billion (+9.8% year-over-year); net sales revised downward to ¥285.0 billion (+7.0% year-over-year).

• Operating profit forecast unchanged at ¥15.0 billion (+7.4% year-over-year); annual dividend per share forecast at ¥54.

• Basic earnings per share forecast for the year: ¥139.20.

• Profit items remain unchanged from previous guidance, supported by Special Purpose Truck segment.

• Dividend forecast for FY2026: ¥54.00 per share (up from ¥52.00 previous year).