Stanley Electric (6923) Q4 2026 earnings summary

Executive summary

• Net sales increased 1.7% year-over-year to ¥518.4 billion, surpassing the plan by 3.7%.

• Operating income declined 12.9% year-over-year to ¥42.6 billion, falling short of the plan by 5.2%.

• Net income attributable to owners rose 2.4% year-over-year to ¥32.8 billion, exceeding the plan by 4.5%.

• Net income per share grew 16.9% year-over-year to ¥240.51.

• Comprehensive income surged to ¥80,172 million, a 301% increase year-over-year.

Financial highlights

• Operating income to net sales ratio decreased from 9.6% to 8.2% year-over-year.

• Ordinary income dropped 8.3% year-over-year but slightly exceeded the plan.

• Gross profit increased to ¥107,874 million from ¥105,672 million year-over-year.

• R&D expenses increased from ¥22.7 billion to ¥26.2 billion year-over-year.

• Cash flows from operating activities improved to ¥78,344 million from ¥66,577 million year-over-year.

Outlook and guidance

• Net sales for FY2027 are forecast at ¥622,000 million, up 20.0% year-over-year.

• Operating profit is projected to rise 28.9% to ¥55,000 million, and profit attributable to owners of parent to ¥34,000 million, up 3.6%.

• Annual dividend per share forecast for FY2027 is ¥111.00.

• Net sales and net income exceeded internal plans, while operating income fell short.