Iwatani (8088) Q1 2026 earnings summary

Executive summary

• Net sales rose 4.5% year-over-year to ¥206.4 billion for the quarter ended June 30, 2025, driven by robust industrial sector sales and new consolidations.

• Operating profit fell 23.7% to ¥6.4 billion, and profit attributable to owners of parent dropped 53.4% to ¥4.7 billion, mainly due to LPG price fluctuations, weaker helium markets, and lower equity method profits.

• The company advanced hydrogen and decarbonization initiatives, including SAF supply chain development and green LPG production.

• Overseas expansion included the acquisition of Bangkok Sanyo Spring Co., Ltd. in Thailand to boost processed metal product sales.

Financial highlights

• Gross profit increased slightly to ¥54.6 billion, but operating profit declined to ¥6.4 billion from ¥8.4 billion year-over-year.

• Ordinary profit dropped 45.2% to ¥7.4 billion, and comprehensive income fell sharply to ¥2.9 billion from ¥16.1 billion.

• Basic earnings per share decreased to ¥20.53 from ¥44.06 year-over-year.

• Total assets decreased to ¥844.96 billion, and net assets to ¥388.98 billion as of June 30, 2025.

Outlook and guidance

• Full-year forecast maintained: net sales ¥936.4 billion (+6.0%), operating profit ¥49.1 billion (+6.2%), ordinary profit ¥63.1 billion (+2.6%), profit attributable to owners of parent ¥48.8 billion (+20.6%), and EPS ¥212.05.

• Dividend forecast unchanged at ¥47.00 per share for FY2026.

• Gain on sale of non-current assets (Tokyo office) of ¥11.3 billion to be recorded in the first half of FY2026.