TS TECH Co. (7313) Q4 2026 earnings summary

Executive summary

• FY2026 revenue declined 4.0% year-over-year to ¥442.3 billion, mainly due to reduced production for major customers and challenging market conditions in China and Southeast Asia.

• Operating income dropped 37.2% to ¥10.3 billion, with margin falling to 2.3% from 3.6%, impacted by lower revenue and higher expenses, especially in the Americas.

• Net income attributable to owners decreased 17.3% to ¥7.1 billion.

• Comprehensive income surged to ¥22.7 billion, driven by significant foreign currency translation gains.

• Strategic initiatives included production automation, logistics improvements, and new joint ventures in India and China.

Financial highlights

• Revenue: ¥442.3 billion (down ¥18.2 billion, -4.0% YoY).

• Operating income: ¥10.3 billion (down ¥6.1 billion, -37.2% YoY).

• Net income: ¥7.1 billion (down ¥1.5 billion, -17.3% YoY).

• Gross profit fell to ¥54.4 billion from ¥63.0 billion YoY.

• Dividend per share for FY2026 was ¥92.00, with a forecast of ¥92.00 for FY2027.

Outlook and guidance

• FY2027 revenue forecast: ¥440.0 billion (down 0.5% YoY).

• Operating income forecast: ¥13.0 billion (+25.9% YoY), margin to rise to 3.0%.

• Net income forecast: ¥8.0 billion (+12.1% YoY).

• Dividend per share forecast: ¥92.

• Assumptions include USD/JPY at 150.0 and CNY/JPY at 21.5.