Noritsu Koki Co (7744) Q1 2026 earnings summary

Executive summary

• Achieved strong progress toward 1H forecasts, with significant revenue and profit growth driven by business expansion, the weak yen, and the consolidation of SENQCIA.

• Revenue for Q1 FY 12/2026 rose 48.2% year-over-year to ¥40,319 million, with operating profit up 60.5% to ¥8,413 million and profit attributable to owners of parent doubling to ¥5,645 million.

• Basic earnings per share increased to ¥52.69 from ¥26.31 year-over-year, reflecting strong profitability.

• Comprehensive income swung from a loss of ¥4,582 million in Q1 FY 12/2025 to a gain of ¥5,555 million in Q1 FY 12/2026.

• Maintained initial full-year forecasts despite robust 1Q results, citing future uncertainties such as supply chain and geopolitical risks.

Financial highlights

• Revenue rose to ¥40,319 million in FY26 1Q, up 48.2% year-over-year.

• Operating EBITDA increased 60.9% to ¥10,709 million; operating profit up 60.5% to ¥8,413 million.

• Net profit doubled to ¥5,645 million, a 100.6% increase year-over-year.

• Gross profit increased from ¥14,123 million to ¥19,957 million year-over-year, with gross margin improvement.

• Total assets grew from ¥301,798 million at FY 12/2025 year-end to ¥363,688 million at Q1 FY 12/2026.

Outlook and guidance

• Full-year revenue forecast at ¥167,600 million (+40.6% YoY), operating EBITDA at ¥35,500 million (+38.0%), and net profit at ¥16,800 million (+7.4%).

• Operating profit projected at ¥26,000 million (+24.9%), with basic EPS of ¥156.43.

• Initial forecasts maintained despite strong 1Q, due to uncertainties in supply chain, tariffs, and geopolitical risks.

• Progress rates for 1H forecasts: revenue 51.4%, operating EBITDA 62.6%, net profit 72.4%.