Kurabo Industries (3106) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2026 were ¥35.7 billion, down 0.4% year-over-year, with operating profit up 4.4% to ¥2.15 billion and ordinary profit up 3.9% to ¥3.02 billion.

• Profit attributable to owners of parent surged 167.1% year-over-year to ¥5.18 billion, driven by extraordinary income from the sale of cross-shareholdings.

• The company continued to focus on growth markets, core business enhancement, and R&D under its medium-term plan “Accelerate '27.”

Financial highlights

• Gross profit increased to ¥7.52 billion from ¥7.26 billion year-over-year, while SG&A expenses rose to ¥5.36 billion.

• Basic earnings per share rose to ¥307.84 from ¥108.72 year-over-year.

• Comprehensive income fell to ¥3.34 billion from ¥5.97 billion year-over-year, mainly due to a decline in valuation difference on available-for-sale securities.

• Total assets decreased to ¥188.4 billion from ¥190.5 billion at the previous fiscal year-end.

• Equity-to-asset ratio improved to 63.6% from 62.9%.

Outlook and guidance

• Full-year FY2026 net sales forecast is ¥144.0 billion (down 4.4% year-over-year), with operating profit of ¥8.0 billion (down 22.4%) and profit attributable to owners of parent of ¥9.5 billion (up 5.4%).

• Basic earnings per share for the full year is projected at ¥566.96.

• Dividend forecast for FY2026 is ¥282.00 per share, unchanged from the previous year.