Namura Shipbuilding (7014) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥36,487 million, down 8.2% year-over-year, with operating profit at ¥5,758 million, a 33.2% decrease, and net income attributable to shareholders at ¥4,562 million, down 52.9%.

• Core new shipbuilding business progressed as planned, but strong yen and rising material/labor costs led to lower sales and profits compared to the previous year.

Financial highlights

• Operating margin declined as operating profit fell to ¥5,758 million from ¥8,614 million year-over-year.

• Net income per share was ¥65.75, down from ¥139.79 in the prior year.

• Comprehensive income for the quarter was ¥7,142 million, a 40.4% decrease year-over-year.

• Total assets increased to ¥222,379 million, up ¥13,342 million from the previous fiscal year-end.

Outlook and guidance

• Full-year revenue forecast remains at ¥158,000 million, with operating profit and net income targets of ¥21,000 million and ¥15,000 million, respectively.

• No changes to previously announced earnings or dividend forecasts; interim and year-end dividends projected at ¥20 and ¥20 per share.