MISUMI Group (9962) Q4 2026 earnings summary

Executive summary

• Achieved record-high net sales of ¥441.3 Bn (+9.8% YoY) and operating income of ¥47.6 Bn (+2.4% YoY), driven by robust demand in telecommunications and semiconductors, especially in Asia, despite stagnation in automotive sectors due to global uncertainties and U.S. tariffs.

• Net income attributable to owners of parent grew 10.7% to ¥40,457 million, aided by deferred tax asset recognition in the U.S.

• Digital MODEL Shift and region-specific strategies, along with the acquisition of Fictiv, strengthened digital services and expanded the customer domain, particularly in the Americas.

Financial highlights

• Net sales: ¥441.3 Bn (+9.8% YoY); operating income: ¥47.6 Bn (+2.4% YoY); net income: ¥45.1 Bn (+23.4% YoY); gross profit: ¥206,015 million; ordinary income: ¥49,095 million (−1.6% YoY); comprehensive income: ¥65,675 million (+98.2% YoY).

• Operating income margin: 10.8% (down from 11.6% YoY).

• EBITDA: ¥64.2 Bn in FY2025, projected ¥67.8 Bn in FY2026.

• Full-year dividend: ¥52.98/share (35% payout ratio); share buyback: ¥25.0 Bn.

• Cash and cash equivalents at year-end were ¥104,202 million, down ¥24,056 million from the previous year.

Outlook and guidance

• FY2026 guidance: Net sales ¥491.5 Bn (+11.4% YoY), operating income ¥55.0 Bn (+15.5% YoY), OI margin 11.2%, net income ¥37,400 million (−7.6%).

• Progressive dividend policy maintained; share buyback planned at ¥30.0 Bn.

• Uncertainty from Middle East tensions, raw material/logistics costs, and exchange rates not yet quantified in forecasts.