NHK Spring (5991) Q4 2026 earnings summary

Executive summary

• Net sales rose 1.9% year-over-year to ¥816,879 million, but operating profit fell 12.2% to ¥45,784 million and profit attributable to owners of parent dropped 42.2% to ¥27,862 million.

• Automotive and seating segments saw sales declines, while disk drive suspension and industrial machinery segments posted sales growth but lower profits due to higher costs.

• Cash flows from operating activities increased 39.0% year-over-year to ¥77,446 million, and cash and cash equivalents at year-end rose 10.0% to ¥89,963 million.

Financial highlights

• Operating profit margin decreased to 5.6% from 6.5% year-over-year.

• ROE was 6.6% and ROIC was 6.8% for FY2026.

• Net assets per share increased to ¥2,125.20, and shareholders’ equity ratio improved to 59.1%.

• Dividend payout ratio was 48.0% with annual dividends of ¥66 per share.

Outlook and guidance

• FY2027 forecast: net sales ¥860,000 million (+5.3%), operating profit ¥59,000 million (+28.9%), profit attributable to owners of parent ¥45,000 million (+61.5%), ROE 10.1%, ROIC 8.1%.

• Annual dividend forecast for FY2027 is ¥69 per share.