Aida Engineering (6118) Q4 2026 earnings summary

Executive summary

• Orders increased 11.4% year-over-year, driven by growth in services and acquisitions, despite sluggish press orders due to weaker EV investment and US tariff impacts.

• Net sales rose 3.5% year-over-year to ¥78,647 million, mainly from higher service sales and consolidation of US subsidiaries.

• Operating income grew 2.9% year-over-year to ¥5,690 million, supported by improved gross margins and business portfolio shifts.

• Net income declined 16.5% year-over-year to ¥4,260 million, reflecting lower gains from investment securities and absence of prior tax benefits.

• Order backlog declined 14.1% to ¥54,383 million.

Financial highlights

• Gross profit improved to ¥17,547 million, up 9.4% year-over-year; gross margin at 22.3%.

• Cash and cash equivalents at year-end increased to ¥36,662 million, up ¥3,677 million from the prior year.

• Shareholders’ equity ratio increased to 69.0%.

• Dividend per share increased to ¥39, with a payout ratio of 49.3%.

• SG&A expenses increased 12.8% year-over-year.

Outlook and guidance

• FY2027 forecast: Orders expected to rise 11.9% and net sales to increase 1.7% year-over-year, reaching ¥80,000 million.

• Operating income projected to remain flat at ¥5,700 million; net income expected to rise slightly by 0.9% to ¥4,300 million.

• Dividend forecast maintained at ¥39 per share.

• Growth driven by recovery in press orders and continued acquisition effects.