Tokyotokeiba (9672) Q1 2026 earnings summary

Executive summary

• Q1 FY12/26 net sales rose 1.1% year-over-year to 9,366 million yen, led by growth in SPAT4-related income.

• Operating profit declined 1.1% year-over-year to 3,239 million yen due to higher SPAT4-related costs.

• Profit attributable to owners of parent fell 5.6% year-over-year to 2,144 million yen, impacted by lower extraordinary income from subsidies.

• Comprehensive income for Q1 2026 was 2,211 million yen, a 3.3% decrease year-over-year.

Financial highlights

• Gross profit decreased 1.8% year-over-year to 3,772 million yen.

• Cost of sales increased 3.2% year-over-year, reflecting higher SPAT4-related expenses.

• Total assets at end-Q1 FY12/26 were 121,738 million yen, down 4,047 million yen from end-FY12/25.

• Equity ratio improved to 78.1% from 75.3% at the previous year-end.

• Basic earnings per share for Q1 2026 was 82.35 yen, compared to 85.09 yen in Q1 2025.

Outlook and guidance

• FY12/26 consolidated earnings forecast remains unchanged: net sales projected at 42,597 million yen (+2.0% YoY), operating profit at 15,827 million yen (+2.7% YoY), and profit attributable to owners of parent at 10,792 million yen (+3.2% YoY).

• Full-year basic earnings per share forecast is 415.34 yen.

• Dividend forecast for 2026 is 146.00 yen per share, up from 118.00 yen in 2025.

• Ongoing monitoring of geopolitical risks, particularly in the Middle East, is emphasized.