Tsugami (6101) Q4 2026 earnings summary

Executive summary

• Revenue, operating profit, and net profit for FY2026/3 reached historic highs, with revenue at ¥129,140 million (up 20.2% YoY) and operating profit at ¥36,102 million (up 54.9% YoY), driven by strong performance in China and India despite market uncertainty.

• Overseas revenue accounted for 94.9% of consolidated revenue, with China and India showing strong growth.

• FY2027/3 outlook projects continued growth with revenue forecasted at ¥145,000 million, up 12.3% year-over-year.

Financial highlights

• FY2026/3 revenue: ¥129,140 million (up 20.2% YoY); operating profit: ¥36,102 million (up 54.9% YoY); net profit: ¥24,300 million (up 50.3% YoY).

• Gross profit increased to ¥47,971 million from ¥36,355 million year-over-year.

• Cash and cash equivalents increased by ¥14,451 million to ¥42,180 million as of March 31, 2026.

• Total assets grew to ¥154,055 million, and total equity to ¥106,477 million.

• Annual dividend per share increased to ¥85, with a payout ratio of 23.5%.

Outlook and guidance

• FY2027/3 revenue forecast: ¥145,000 million (up 12.3% YoY); operating profit: ¥36,500 million (up 1.1% YoY); profit attributable to owners: ¥17,000 million (up 1.5% YoY).

• Annual dividend forecast for FY2027 is ¥98 per share.