HIKARI TSUSHIN (9435) Q4 2026 earnings summary

Executive summary

• Recurring operating profit reached a record 186.3 billion yen (+11% YoY), with operating profit at 116.6 billion yen (+11% YoY), driven by electricity, beverage, insurance, and IT segments.

• Net income attributable to owners rose 28% YoY to 151.0 billion yen; comprehensive income surged 88% YoY to 306.0 billion yen.

• Revenue rose 7.0% YoY to 734.7 billion yen, supported by increased customer contracts across core businesses.

• All major financial indicators, including revenue and equity, achieved record highs for the fiscal year ended March 2026.

• The company advanced sustainability initiatives, including renewable energy and resource conservation.

Financial highlights

• Revenue increased 7% YoY to 734.7 billion yen; recurring operating profit up 11% to 186.3 billion yen.

• Net income attributable to owners was 151.0 billion yen (+28% YoY); comprehensive income 306.0 billion yen (+88% YoY).

• Income before tax rose 32% YoY to 199.0 billion yen, with a 14% increase excluding FX gains/losses.

• Basic EPS: 3,440.12 yen; diluted EPS: 3,436.87 yen.

• Shareholders' equity reached a record 1,185.6 billion yen, up 29.6% YoY; equity ratio at 41.5%.

Outlook and guidance

• FY27/3 forecast: revenue 775.0 billion yen (+5% YoY), recurring operating profit 201.5 billion yen (+8%), operating profit 130.0 billion yen (+11%).

• Net income forecast to decline 20% YoY to 120.0 billion yen, mainly due to expected FX losses.

• Dividend per share forecast raised to 195 yen (+10% YoY); annual dividend amount to 751 yen.

• Operating profit (excluding one-time items) expected to rise 14% YoY.

• Growth expected from increased customer contracts and recurring operating profit.