TS TECH Co. (7313) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥102,698 million, down 8.7% year-over-year, mainly due to adverse foreign exchange rates and lower production in the Americas, despite improved model mix.

• Operating income fell 39.2% to ¥1,517 million, and net income attributable to owners dropped 76.2% to ¥587 million, both impacted by lower revenue and FX effects.

• Comprehensive income turned negative at ¥(2,830) million, compared to ¥11,215 million in the prior year, due to significant FX translation losses.

Financial highlights

• Gross profit for Q1 FY2026 was ¥12,942 million, down from ¥14,222 million year-over-year.

• Basic earnings per share declined to ¥4.93 from ¥19.39 year-over-year.

• Total assets at quarter-end were ¥418,265 million, a decrease of ¥14,101 million from the previous fiscal year-end.

• Cash and cash equivalents at quarter-end were ¥112,013 million, down from ¥111,543 million at the start of the period.

Outlook and guidance

• Full-year FY2026 revenue forecast remains at ¥430,000 million, up 6.6% year-over-year.

• Operating income forecast is ¥16,500 million (up 0.4%), and net income attributable to owners is projected at ¥9,500 million (up 10.1%).

• No changes to previously announced forecasts, reflecting stable order trends and FX assumptions.