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LIXIL (5938) investor relations material
LIXIL Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Core earnings for Q3 reached JPY 36.5 billion and EBITDA JPY 98.4 billion, with profit attributable to owners rising to JPY 11.8 billion, driven by strong renovation demand in Japan and robust international performance, despite a slight revenue decline to JPY 1,138.5 billion.
Basic earnings per share increased to JPY 41.08, up JPY 26.17 year-over-year.
The company is focused on asset efficiency, tax management, and optimizing its earnings structure to reduce the gap between EBITDA and core earnings.
Segment restructuring was implemented, integrating kitchen, washstand cabinet, and wooden interior materials into the new Living Business segment.
Financial highlights
Revenue for the quarter was JPY 1,138.5 billion, down JPY 2.0 billion (-0.2%) year-on-year, with gross profit margin up 1.3 points to 34.4%.
Core earnings grew 17.5% to JPY 36.5 billion, and EBITDA rose 5.0% to JPY 98.4 billion year-over-year.
SG&A expenses increased by JPY 8.7 billion, mainly due to higher personnel costs in Japan.
Free cash flow remained positive at JPY 22.3 billion, despite lower operating cash flow due to higher receivables and inventories.
Equity ratio stands at 34.4%.
Outlook and guidance
Full-year revenue forecast is JPY 1,540.0 billion, up 2.3% year-on-year, with profit attributable to owners projected at JPY 8.0 billion, a 299.7% increase year-on-year.
No adjustment to full-year earnings forecast, citing increased uncertainties and the need for caution in the final quarter.
Commodity prices, especially aluminum and copper, have risen sharply, impacting cost structure; the company is leveraging high scrap usage to mitigate immediate effects.
Recovery in the European housing market is delayed, with expectations now shifted to the second half of fiscal 2027.
Japan's renovation market is expected to grow, supported by energy efficiency standards and subsidies.
- TimeTickerHeadlineOpen
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