Koito Manufacturing (7276) Q3 2026 earnings summary

Executive summary

• Net sales for the first nine months rose 2.2% year-over-year to ¥690.0 billion, driven by new orders in Japan and the Americas and steady performance in Asia, despite weaker sales in China.

• Operating profit increased 11.8% year-over-year to ¥33.7 billion, and ordinary profit rose 14.3% to ¥39.1 billion, supported by higher sales volumes and efficiency improvements.

• Profit attributable to owners of parent declined 21.1% year-over-year to ¥23.0 billion due to the absence of prior-year extraordinary income.

Financial highlights

• Gross profit for the nine months was ¥78.1 billion, up from ¥67.8 billion year-over-year.

• Net income per share for the period was ¥83.16, down from ¥97.74 in the previous year.

• Comprehensive income surged 86.6% year-over-year to ¥64.7 billion, reflecting strong foreign currency translation adjustments.

• Cash and cash equivalents at period-end increased by ¥69.4 billion to ¥170.7 billion.

Outlook and guidance

• Full-year net sales are forecast to decrease 0.4% year-over-year to ¥913.0 billion, mainly due to FX impacts, production suspensions in the Americas, and continued sluggish sales in China.

• Operating profit is expected to rise 0.3% year-over-year to ¥45.0 billion, with ordinary profit up 3.8% to ¥51.0 billion.

• Profit attributable to owners of parent is projected to fall 39.4% year-over-year to ¥28.0 billion, reflecting the absence of extraordinary gains.