TPR Co (6463) Q4 2026 earnings summary

Executive summary

• Net sales decreased by 1.0% year-over-year to ¥190.5B, mainly due to lower sales at the Faltec Group.

• Operating profit declined 8.3% year-over-year to ¥10.2B, impacted by product mix changes.

• Ordinary profit rose 2.4% year-over-year to ¥16.1B, supported by strong powertrain and China business, higher equity method income, and asset sales.

• Profit attributable to owners increased 6.0% year-over-year to ¥9.3B.

• Shareholder returns were enhanced with a share buyback and a dividend increase, reflecting results exceeding forecasts.

Financial highlights

• Gross margin improved as cost of sales fell to ¥148.9B from ¥151.6B year-over-year.

• Basic earnings per share rose to ¥143.10 from ¥131.86, reflecting the 2-for-1 share split.

• Net assets per share increased to ¥2,714.91 from ¥2,453.65.

• Equity-to-asset ratio improved to 57.3% from 55.8%.

• Cash and cash equivalents at year-end were ¥59.4B, down ¥1.4B year-over-year.

Outlook and guidance

• FY2027 forecast: net sales ¥190.9B (+0.2%), operating profit ¥10.6B (+3.1%), ordinary profit ¥15.0B (–7.2%), profit attributable to owners ¥8.1B (–13.8%), EPS ¥125.68.

• Dividend forecast maintained at ¥56 per share.

• Forecast reflects estimated impacts from Middle East instability, procurement risks, and FX assumptions (¥150/USD, ¥170/EUR, ¥20.5/CNY).