MISUMI Group (9962) Q1 2027 earnings summary

Executive summary

• Achieved record quarterly net sales of ¥131.44 billion (+32.3% YoY) and operating income of ¥17.84 billion (+85.3% YoY), driven by strong demand in data centers, semiconductors, and automotive sectors, and accelerated benefits from Digital MODEL initiatives.

• Net income attributable to owners of parent grew 62.1% to ¥11.7 billion.

• All business segments—FA, Die Components, and VONA—achieved double-digit sales and profit growth, with the FA business leading at 53.6% sales growth.

• Full-year outlook raised: net sales forecast to ¥532.0 billion (+20.5% YoY) and operating income to ¥67.0 billion (+40.7% YoY), with operating margin improving to 12.6%.

• Significant capacity expansion investment of ¥4.6 billion announced for automated positioning stages to meet growing data center demand.

Financial highlights

• Q1 net income rose to ¥11.7 billion (+62.1% YoY), with gross margin at 35.9% and operating margin at 13.6% (+3.9pt YoY).

• EBITDA for Q1 reached ¥23.4 billion, net income per share at ¥44.23, and return on equity at 3.1%.

• Overseas sales ratio increased to 63.8% in Q1, reflecting robust international growth.

• Gross profit for the quarter was ¥62.1 billion, up from ¥45.9 billion year-over-year.

• Comprehensive income surged to ¥17.86 billion from ¥4.09 billion year-over-year.

Outlook and guidance

• FY2026 operating income forecast raised by ¥12.0 billion versus April guidance, mainly due to higher sales volume and improved product mix.

• All business segments expected to post higher sales and profit versus previous forecasts, with FA segment leading growth.

• Net income attributable to owners of parent forecast at ¥44.8 billion for the full year, up 10.7% YoY.

• Dividend forecast for the year ending March 31, 2027, raised to ¥59.45 per share.

• Guidance reflects continued strong demand in automation, data center, and semiconductor sectors, and benefits from Digital MODEL initiatives.