Glory (6457) Q1 2026 earnings summary

Executive summary

• Revenue for FY2026 Q1 was ¥80,594 million, up 11.6% year-over-year, driven by robust demand for self-service and labor-saving products amid global economic recovery and persistent inflation.

• Operating profit rose 49.8% year-over-year to ¥4,847 million, and profit attributable to owners surged 125.3% to ¥3,491 million.

• Overseas operations, especially in Europe and Asia, showed strong growth, with a 66% overseas revenue ratio, while domestic markets rebounded in financial and retail/transportation sectors.

• Full-year consolidated financial forecast remains unchanged, anticipating further overseas growth and domestic recovery post-special demand.

Financial highlights

• FY2026 Q1 revenue: ¥80.5 billion (+11.6% YoY); operating profit: ¥4.8 billion (+49.8% YoY); profit attributable to owners: ¥3.4 billion (+125.3% YoY).

• Gross profit for the quarter was ¥38,222 million, with a gross margin of 47.4%.

• EBITDA reached ¥10,030 million, up from ¥8,154 million a year earlier.

• Basic earnings per share increased to ¥67.30 from ¥27.94 year-over-year.

• Free cash flow improved YoY to ¥11,972 million; increased share repurchases reduced financing cash flow.

Outlook and guidance

• FY2026 full-year forecast: revenue ¥360,000 million (+6.0% YoY), operating profit ¥32,000 million (+7.6% YoY), profit attributable to owners ¥20,000 million (+30.0% YoY).

• Dividend forecast for the year is ¥154.00 per share.

• Demand for labor-saving and operational efficiency solutions is expected to remain strong, despite ongoing component shortages.