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Noritz (5943) investor relations material
Noritz Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY2026 saw domestic sales growth, especially in non-residential, but overseas sales declined due to a weak Chinese market; operating income fell both domestically and overseas, while net profit surged from extraordinary gains on investment securities sales.
Net sales for Q1 2026 were ¥51,635 million, down 2.3% year-over-year from Q1 2025.
Operating profit for Q1 2026 was ¥1,678 million, a 16.4% decrease year-over-year.
Profit attributable to owners of parent fell 29.9% year-over-year to ¥1,517 million.
Strategic focus remains on high value-added, eco-friendly products, cost competitiveness, and expanding service-driven sectors domestically and overseas.
Financial highlights
Q1 FY2026 net sales: ¥51.6bn (down ¥1.2bn YoY); domestic: ¥36.6bn (+¥0.4bn), overseas: ¥14.9bn (–¥1.6bn).
Operating income: ¥1.6bn (–¥0.3bn YoY); domestic: ¥1.4bn (–¥0.1bn), overseas: ¥0.2bn (–¥0.1bn).
Net income attributable to shareholders: ¥4.4bn (+¥3.0bn YoY), driven by a ¥4.4bn gain on sale of investment securities.
Comprehensive income for Q1 2026 was ¥4,835 million, compared to a loss of ¥1,906 million in Q1 2025.
Basic earnings per share for Q1 2026 was ¥30.99, nearly unchanged from ¥30.94 in Q1 2025.
Outlook and guidance
FY2026 targets: net sales ¥210bn (+¥7.9bn YoY), operating income ¥4.5bn (+¥0.2bn), net income ¥8.6bn (+¥5.2bn), ROE over 6%.
Domestic business aims for ¥140bn sales, overseas for ¥70bn; both segments targeting higher operating income.
Full-year 2026 net sales forecast is ¥210,000 million, up 3.9% year-over-year.
Operating profit for 2026 is projected at ¥4,500 million, a 4.6% increase year-over-year.
Profit attributable to owners of parent is forecast at ¥8,600 million, up 156.0% year-over-year.
- Operating income surged 79.5% on stable sales, with strong domestic and improved overseas profits.5943
Q4 202510 Feb 2026 - Sales and operating income improved, but net income fell sharply amid global market risks.5943
Q3 202511 Nov 2025 - Operating income returned to profit and net sales grew 2.6% year-over-year in 2025 2Q.5943
Q2 20257 Aug 2025 - Net income soared despite lower sales and operating loss, with guidance maintained.5943
Q3 202413 Jun 2025 - Revenue fell and operating loss posted, but full-year profit outlook boosted by asset sales.5943
Q2 202413 Jun 2025 - Profit surges in 1Q 2025 on robust domestic sales and cost controls overseas.5943
Q1 20256 Jun 2025 - Net income soared on investment gains despite weak overseas markets and lower operating profit.5943
Q4 20245 Jun 2025
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