Shoei (7839) Q1 2026 earnings summary

Executive summary

• Net sales for the first quarter declined 4.1% year-over-year to ¥7,513.7 million, with operating income down 17.6% and profit attributable to owners of parent down 18.4%, though results exceeded initial earnings forecasts.

• Global economic conditions remained weak, with Europe and North America seeing significant sales declines, while Asia, especially China, showed growth.

Financial highlights

• Net sales fell to ¥7,513.7 million, down ¥324 million or 4.1% year-over-year.

• Operating income dropped to ¥2,050.6 million, a decrease of 17.6% year-over-year.

• Ordinary income dropped 17.0% to ¥2,127.2 million.

• Net income per share decreased from ¥34.34 to ¥28.11 year-over-year.

• Gross profit for the quarter was ¥3,503.9 million, down from ¥3,767.7 million the previous year.

Outlook and guidance

• Full-year consolidated forecasts remain unchanged: net sales of ¥33,950 million, operating income of ¥8,370 million, and net income of ¥5,940 million.

• Sales are expected to increase in primary markets outside North America, driven by new models.