Furuya Metal (7826) Q4 2026 earnings summary

Executive summary

• Net sales reached a record ¥100,139 million, up 74.5% year-over-year, driven by strong demand in electronics, thin film, digital, and green sectors, as well as high precious metal prices and a weaker yen.

• All profit items, including operating and net income, hit record highs, with net income attributable to owners of parent rising 147.9% to ¥16,034 million.

• Overseas sales ratio increased to 73%, with significant growth in Asia, Europe, and North America.

• Precious metal market prices trended upward, and a weaker yen provided a tailwind for results.

• Achieved income targets set in the Medium-Term Management Plan ahead of schedule.

Financial highlights

• Net sales: ¥100.1 billion (+¥42.7 billion YoY).

• Gross profit: ¥30.2 billion (+113.4% YoY).

• Ordinary profit: ¥24.7 billion (record high); operating income: ¥24,794 million (+160.0% YoY).

• Net income: ¥16.0 billion (+147.9% YoY).

• Annual dividend: ¥165 per share (+¥69 YoY); FY2027 forecast: ¥180 per share.

Outlook and guidance

• FY2027 net sales forecast: ¥101.0 billion (+0.9% YoY); operating income: ¥26,500 million (+6.9% YoY); net income: ¥17,700 million (+10.4% YoY).

• Focus on high value-added products in electronics and thin film, expansion in thermal, and new green-related products.

• Assumes an exchange rate of 155 yen to the dollar and continued high precious metal prices.