Nippon Seiki (7287) Q1 2026 earnings summary

Executive summary

• First quarter sales reached ¥76,224 million, nearly flat year-over-year (down 0.2%), mainly due to lower automotive instrument sales and yen appreciation, partially offset by increased motorcycle instrument sales.

• Operating profit declined 30.2% year-over-year to ¥1,522 million, impacted by reduced sales of high-margin HUDs in North America and a one-time payment for HUDs in Europe.

• Profit attributable to owners of the parent rose sharply to ¥701 million, up 257.7% year-over-year, driven by lower foreign exchange losses.

• Comprehensive income turned negative at ¥(1,244) million, compared to ¥5,728 million a year ago, mainly due to foreign exchange losses.

Financial highlights

• Sales: ¥76,224 million, down 0.2% year-over-year.

• Operating profit: ¥1,522 million, down 30.2% year-over-year.

• Profit before taxes: ¥1,800 million, up 16.6% year-over-year.

• Basic earnings per share increased to ¥12.24 from ¥3.31 year-over-year.

• Net cash provided by operating activities rose to ¥16,642 million from ¥9,314 million year-over-year.

Outlook and guidance

• Full-year forecast remains unchanged: revenue projected at ¥320,000 million and operating profit at ¥11,300 million.

• Profit attributable to owners of parent is forecast at ¥8,000 million, up 30.7% year-over-year.

• Annual dividend forecast is ¥80 per share, up from ¥50 per share in the previous year; treasury stock repurchase up to ¥200 million planned.