Daitron (7609) Q1 2026 earnings summary

Executive summary

• Net sales rose 29.9% year-over-year to ¥30,338 million for Q1 FY2026, driven by robust investments in generative AI, semiconductor manufacturing equipment, and strong demand in the electronics industry.

• Operating income increased 57.0% year-over-year to ¥2,465 million, and net income attributable to owners of parent grew 67.2% to ¥1,740 million.

• Comprehensive income surged 192.3% year-over-year to ¥2,105 million.

• High profitability was maintained across trading and manufacturing functions.

Financial highlights

• Gross profit reached ¥6,180 million, up 32.7% year-over-year, with a gross profit ratio of 20.4% (+0.5pt YoY).

• Ordinary income was ¥2,531 million (+68.2% YoY).

• Basic net income per share was ¥82.64, reflecting a two-for-one stock split effective January 1, 2026.

• Equity ratio improved to 48.0% from 44.8% at the previous year-end.

• Net sales from data center projects were recognized ahead of schedule, contributing to the strong quarter.

Outlook and guidance

• FY2026 full-year net sales forecast is ¥110,000 million, with operating income projected at ¥7,550 million (+7.7% YoY).

• Net income attributable to owners of parent projected at ¥5,250 million, up 6.6% year-over-year.

• Dividend for FY2026 is forecast at ¥95 per share post-split, maintaining a 40% payout ratio.

• Investments in generative AI and semiconductor manufacturing equipment are expected to remain strong domestically and overseas.