SWCC Corporation (5805) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 13.4% year-over-year to ¥202.1 billion, with operating profit up 17.4% to ¥19.6 billion and ordinary profit up 165.6% to ¥18.8 billion.

• Profit attributable to owners of parent surged 165.6% year-over-year to ¥12.8 billion for the nine-month period.

• Comprehensive income for the nine months reached ¥14.0 billion, up 78.0% from the previous year.

• Growth was driven by strong performance in Power Infrastructure and Communication Cables, supported by investment in decarbonization and digital demand.

Financial highlights

• Basic earnings per share for the nine months ended December 31, 2025, was ¥430.99, compared to ¥262.19 in the prior year.

• Total assets as of December 31, 2025, were ¥211.3 billion, with net assets at ¥100.6 billion.

• Equity-to-asset ratio improved to 43.5% from 39.7% at prior year-end.

• Operating profit margin improved to 9.7% from 9.3% YoY.

Outlook and guidance

• Full-year net sales forecast at ¥270.0 billion, with 74.8% progress achieved by Q3.

• Operating profit forecast at ¥26.0 billion, with 75.2% progress rate.

• Ordinary profit projected at ¥25.0 billion (up 121.8%), and profit attributable to owners at ¥16.0 billion (up 40.3%).

• Basic earnings per share for the full year is forecast at ¥540.44.

• Q4 expected to follow regular seasonal patterns with lower demand in construction cables.