Kuriyama (3355) Q1 2026 earnings summary

Executive summary

• Revenue rose 24.2% year-over-year to ¥25,643 million, driven by strong Asian and North American demand.

• Operating income fell 13.7% year-over-year to ¥1,271 million due to higher costs and logistics investments.

• Net income attributable to shareholders declined 17.7% year-over-year to ¥958 million.

• Growth initiatives under the mid-term plan focused on sales force, logistics optimization, and local production.

Financial highlights

• Gross profit increased to ¥7,699 million from ¥6,709 million year-over-year.

• Operating margin decreased to 5.0% from 7.1% year-over-year.

• EPS for the quarter was ¥48.59, down from ¥59.27 year-over-year.

• Total assets grew to ¥91,987 million, up 2.4% from the previous year-end.

• Cash and equivalents at quarter-end were ¥12,613 million, up ¥1,154 million from year-end.

Outlook and guidance

• Full-year revenue forecast is ¥96,000 million, up 8.2% year-over-year.

• Full-year operating income forecast is ¥4,800 million, up 17.0% year-over-year.

• Net income forecast for the year is ¥3,800 million, down 3.7% year-over-year.

• No change to previously announced guidance.