Oki Electric Industry (6703) Q1 2026 earnings summary

Executive summary

• Q1 FY2025 net sales declined 13.1% year-over-year to ¥85.1B, with an operating loss of ¥1.4B and a net loss attributable to owners of parent of ¥1.6B, mainly due to the absence of large-scale projects.

• Performance is generally on track with annual targets, and no changes have been made to the full-year FY2025 forecasts announced in May 2025.

• Basic earnings per share dropped to ¥(18.95) from ¥20.82 year-over-year.

Financial highlights

• Q1 FY2025 net sales were ¥85.1B, down 13% year-over-year; operating income was -¥1.4B, a decrease of ¥5.3B from the prior year.

• Ordinary profit was -¥1.6B, down ¥5.5B year-over-year; profit attributable to owners of parent was -¥1.6B, a decrease of ¥3.4B.

• Gross profit fell to ¥19.95B from ¥26.33B year-over-year.

• Q1 operating cash flow was ¥2.1B, down ¥12.2B year-over-year; free cash flow was -¥3.1B.

• As of June 30, 2025, total assets were ¥393.9B, equity ratio 35.6%, and cash and cash equivalents ¥30.4B.

Outlook and guidance

• FY2025 full-year net sales forecast remains at ¥450.0B, operating income at ¥19.0B, and profit attributable to owners of parent at ¥14.0B.

• Dividend per share forecast is ¥50, up ¥5 from the previous year; no dividend for the first quarter.

• No revisions to guidance; management expects to meet annual targets.

• Basic earnings per share for the year forecast at ¥161.46.