COMSYS (1721) Q4 2026 earnings summary

Executive summary

• Orders received increased 7.3% year-over-year to ¥685.6 billion, surpassing targets by 5.5%, driven by strong telecom, IT solutions, and social infrastructure demand.

• Net sales rose 2.6% year-over-year to ¥630.6 billion, with growth in telecom and IT solutions offsetting declines in some social system projects.

• Operating profit grew 10.7% year-over-year to ¥50.9 billion, with an operating margin of 8.1%.

• Profit attributable to owners of parent increased 20.7% year-over-year to ¥36.3 billion.

• Strategic initiatives included business expansion in Indonesia, launch of next-gen data center services, and establishment of a Generative AI Center.

Financial highlights

• Ordinary profit reached ¥52.1 billion, up 11.8% year-over-year.

• Comprehensive income was ¥48.6 billion, up 55.0% year-over-year.

• Cash and cash equivalents at year-end were ¥41.3 billion, up 8.4% year-over-year.

• Dividend per share increased to ¥130.00, with a payout ratio of 41.7%.

• Gross profit margin improved to 14.8% from 13.7% year-over-year.

Outlook and guidance

• Full-year targets for FY March 2027: orders received ¥720.0 billion (+5.0%), net sales ¥670.0 billion (+6.2%), operating profit ¥54.0 billion (+6.1%), profit attributable to owners of parent ¥37.8 billion (+4.3%).

• Continued focus on telecom, IT solutions, and social infrastructure, with emphasis on DX and sustainability.