Tsugami (6101) Q1 2026 earnings summary

Executive summary

• Revenue for the three months ended June 30, 2025, reached ¥31,787 million, up 23.5% year-over-year, with operating profit at ¥8,678 million, up 49.9% year-over-year, and profit attributable to owners of parent at ¥4,212 million, up 55.7% year-over-year, all marking historical highs.

• Despite market uncertainty, especially in China, business was steadily promoted across all locations, with strong growth in China and improved profitability in Japan.

Financial highlights

• Gross profit increased to ¥11,741 million from ¥8,914 million year-over-year.

• Basic earnings per share rose to ¥90.12 from ¥57.22 year-over-year.

• Total assets stood at ¥127,291 million, with total equity at ¥86,347 million as of June 30, 2025.

• Cash and cash equivalents increased by ¥1,393 million to ¥29,122 million at period end.

Outlook and guidance

• Fiscal year 2026 revenue is forecast at ¥104,000 million, down 3.2% year-over-year, with operating profit at ¥19,500 million (down 16.3%) and profit attributable to owners of parent at ¥8,600 million (down 21.1%).

• Dividend forecast for FY2026 is ¥64.00 per share, unchanged from previous guidance.

• Management notes ongoing market uncertainty and will update forecasts if conditions change.