Hochiki (6745) Q3 2026 earnings summary

Executive summary

• Net sales rose 4.9% year-over-year to ¥75,812 million, with operating profit up 22.7% to ¥7,877 million and profit attributable to owners of parent up 15.8% to ¥5,666 million, driven by strong refurbishment, retrofit, maintenance services, and robust overseas sales, especially in Asia Pacific.

• All business segments reported higher revenue and profit, with strong domestic and overseas demand, particularly in fire alarm systems and maintenance.

• Orders received increased 11.4% year-over-year to ¥88,122 million, and order backlog increased for the seventh consecutive year.

• Comprehensive income grew 37.0% to ¥7,515 million.

Financial highlights

• Net sales: ¥75,812 million (+4.9% YoY); Operating profit: ¥7,877 million (+22.7% YoY); Ordinary profit: ¥8,145 million (+19.4% YoY); Profit attributable to owners: ¥5,666 million (+15.8% YoY).

• Operating margin improved to 10.4% from 8.9% a year earlier.

• Gross profit increased to ¥29,310 million from ¥26,375 million YoY, with gross margin improving.

• Overseas sales accounted for 24.3% of total net sales, up 0.8pp YoY.

• Stock-model business sales (maintenance and refurbishment) made up 57.5% of domestic sales.

Outlook and guidance

• Full-year net sales forecast is ¥100,900 million (flat YoY), with operating and ordinary profit both projected at ¥10,000 million (up 4.7% and 2.7%, respectively), and profit attributable to owners of parent forecast at ¥7,200 million (down 5.9%).

• Dividend forecast for the fiscal year ending March 31, 2026, is ¥80 per share, unchanged from the previous year.

• Asia, especially Vietnam, is expected to drive overseas growth, supported by urbanization and infrastructure demand.