Nadex Co (7435) Q1 2027 earnings summary

Executive summary

• Net sales for Q1 were ¥9.57 billion, up 23.4% year-over-year, with all profit metrics turning positive from prior losses.

• Operating profit reached ¥219 million, reversing prior year losses and marking an 8.6% increase.

• Profit attributable to owners of parent was ¥12 million, a turnaround from a ¥129 million loss last year.

• Comprehensive income for the quarter was ¥447 million, compared to a loss of ¥195 million a year ago.

• Smart Energy (SE) business in North America drove revenue growth and is positioned as a long-term growth driver.

Financial highlights

• Revenue for Q1 was ¥9.57 billion, up ¥1.81 billion year-over-year.

• Gross profit increased by ¥320 million year-over-year, mainly due to strong SE and automotive equipment sales.

• Basic earnings per share for the quarter were ¥1.52, compared to a loss per share of ¥15.61 last year.

• Total assets as of July 31, 2026, stood at ¥37,956 million, with net assets of ¥20,810 million.

• Equity-to-asset ratio was 53.5% as of July 31, 2026, down from 62.9% as of April 30, 2026.

Outlook and guidance

• No changes to half-year or full-year forecasts; revenue expected to concentrate in the second half.

• Full-year net sales forecast for fiscal year ending April 30, 2027, is ¥48,000 million, up 30.3% year-over-year.

• Operating profit is projected at ¥2,200 million, a 96.6% increase year-over-year.

• Ordinary profit forecast is ¥2,200 million, up 73.1% year-over-year.

• Profit attributable to owners of parent is expected to reach ¥1,050 million, up 167.6% year-over-year.