PIOLAX (5988) Q4 2026 earnings summary

Executive summary

• Net sales declined 2.1% year-over-year to ¥62,045 million for the fiscal year ended March 31, 2026.

• Operating profit dropped 38.3% year-over-year to ¥1,470 million, and ordinary profit fell 57.3% to ¥1,453 million.

• Profit attributable to owners of parent was a loss of ¥21 million, compared to a profit of ¥1,792 million the previous year.

• Comprehensive income decreased sharply to ¥1,198 million from ¥5,037 million year-over-year.

Financial highlights

• Gross profit was ¥13,728 million, down from ¥14,271 million year-over-year.

• Cash flows from operating activities decreased to ¥3,003 million from ¥8,124 million year-over-year.

• Cash and cash equivalents at year-end were ¥22,773 million, down from ¥30,236 million.

• Equity-to-asset ratio declined to 63.9% from 85.8% year-over-year.

Outlook and guidance

• For the fiscal year ending March 31, 2027, net sales are forecast at ¥63,000 million (+1.5% YoY), operating profit at ¥1,500 million (+2.0%), and profit attributable to owners of parent at ¥700 million.