Oki Electric Industry (6703) Q4 2026 earnings summary

Executive summary

• Net sales declined by 6.8% year-over-year to ¥421.6 billion for the fiscal year ended March 31, 2026, due to the absence of large-scale projects.

• Operating profit increased slightly by 1.2% to ¥18.8 billion, and profit attributable to owners of parent surged 72.4% to ¥21.5 billion.

• Ordinary profit rose 23.6% year-over-year to ¥20.8 billion.

• ROE improved to 13.2%, and equity ratio rose to the 40% range, indicating a stronger financial position.

• Year-end dividend increased to ¥65 per share, up ¥20 from the previous year.

Financial highlights

• Gross profit decreased to ¥105.2 billion from ¥113.4 billion year-over-year.

• Basic earnings per share rose to ¥247.99 from ¥143.93 year-over-year.

• Net assets increased to ¥180.4 billion, with a shareholders' equity ratio of 40.5%.

• Cash and cash equivalents at year-end were ¥35.8 billion.

• Dividend per share increased 44% to ¥65.

Outlook and guidance

• FY2027 forecasts: net sales ¥440.0 billion (+4.4%), operating profit ¥22.0 billion (+16.7%), operating margin 5.0%.

• Profit attributable to owners of parent expected to decrease to ¥18.0 billion (-16.3%).

• ROE projected at 10.0%; dividend per share maintained at ¥65.

• Strategic focus on growth and structural reforms under the new management plan.