W-SCOPE (6619) Q3 2026 earnings summary

Executive summary

• Q3 FY Jan. 2026 sales were ¥2,694 million, down 91.2% year-over-year, but up ¥550 million sequentially due to recovering demand.

• Operating profit for Q3 was -¥4,333 million, with a net loss of -¥8,604 million, reflecting ongoing weak volumes and high fixed costs.

• Net sales for the third quarter were ¥8,576 million, up 76.4% year-over-year, with operating income at ¥747 million, up 83.7% year-over-year, and net income at ¥268 million, up 66.4% year-over-year.

• Comprehensive income for the quarter reached ¥6,509 million.

• Loss on equity-method investment was ¥4,131 million, with non-operating income from subsidies and non-operating expenses from FX losses and interest.

Financial highlights

• Q3 sales dropped by ¥28,005 million year-over-year, but increased sequentially from Q2.

• EBITDA for Q3 was -¥3,140 million, and depreciation was ¥1,193 million.

• R&D expenses rose to ¥458 million, up 53.88% year-over-year.

• Net sales for the nine-month period were ¥8,576 million, a 76.4% increase from the same period last year.

• EPS for the quarter was ¥4.88, compared to ¥156.66 in the prior year.

Outlook and guidance

• Full-year sales forecast revised down to ¥4.0 billion due to delayed contract signings; operating profit guidance maintained at -¥4.3 billion.

• Ordinary profit forecast revised to -¥10.3 billion, reflecting delayed recovery in EV separator sales at WCP.

• Full-year net sales forecast is ¥4,000 million, representing an 87.1% year-over-year increase.

• Full-year net income forecast is ¥10,300 million, with EPS projected at ¥187.53.

• Q4 sales forecast at ¥1.3 billion, with break-even operating profit expected.