Tachibana Eletech (8159) Q4 2026 earnings summary

Executive summary

• FY2026 revenue rose 3.4% to ¥227.5 billion; operating income was ¥7.51 billion, ordinary income ¥9.1 billion, and net income attributable to shareholders ¥7.42 billion.

• Revenue and operating income exceeded prior mid-term plan targets as inventory adjustments eased by Q3; net income growth benefited from FX and strategic shareholding sale gains.

• Mid-term targets were achieved, with business opportunities expanded through exhibitions and overseas initiatives.

Financial highlights

• Revenue was ¥227.5 billion, +3.4% YoY and 101.1% of plan; operating income was ¥7.51 billion, down 8.7% YoY and 100.1% of plan.

• Ordinary income rose 4.9% to ¥9.1 billion; net income attributable to shareholders rose 5.3% to ¥7.42 billion and was 134.9% of plan.

• Gross profit was ¥29.4 billion, with a 12.9% gross margin; EPS rose to ¥329.81 from ¥299.74.

• Total assets were ¥179.3 billion, equity ratio 58.5%, and year-end cash and equivalents ¥22.8 billion.

Outlook and guidance

• FY2027 forecast: revenue ¥230 billion (+1.1%), operating income ¥7.8 billion (+3.8%), ordinary income ¥8.5 billion (down 6.8%), and net income ¥6.0 billion (down 19.2%); EPS forecast is ¥273.02.

• GIC30 targets FY2030 revenue of ¥300 billion and a 4% operating margin, versus FY2026 revenue of ¥227.5 billion and operating income of ¥7.5 billion.

• FY2030 segment revenue targets: FA ¥144 billion, Semiconductor Devices ¥120 billion, Facilities ¥27 billion, MS/other ¥9 billion; overseas business target ¥90 billion.