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Presentation materials for financial results6235OPTORUN CO.,LTD.Machinery

Financial Results Presentation for the First Quarter of the Fiscal Year Ending December 2026

In Q1 FY2026, orders received and order backlog increased significantly, while revenue and profit fell below the same period of the previous year, and profit attributable to owners of the parent was negative. Although the company’s progress in Q1 lagged behind plan, it maintained its full-year forecasts because orders received exceeded expectations.

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Contents of this document

Presentation materials for financial resultsFirst quarter of the fiscal year ending December 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥6,969 million-11.8%
Operating profit¥511 million-32.3%
Ordinary income¥287 million-61.3%
Net income¥-83 million
Gross Profit Margin33.5 %
Operating profit margin7.3 %
Selling, general and administrative expenses¥1,825 million
Results for the three months of the current quarter
Orders received
¥14,820 million+71.4%
Order backlog
¥39,878 million+66.5%
Net Sales
¥6,969 million-11.8%
Operating profit
¥511 million-32.3%
Ordinary income
¥287 million-61.3%
Net income
¥-83 million
Full-year earnings forecast
Net Sales
¥38,200 million
Operating profit
¥6,200 million
Ordinary income
¥7,400 million
Profit attributable to owners of the parent
¥5,600 million
Orders received
¥38,200 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Orders received for AI smartphonesApproximately 50%
Orders received related to optical communicationsMore than 60%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Q1 progress lagged behind the initial plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Internal profit from equipment not yet acceptedNegative impact of several hundred million yen
  • Equity-Method Investment Losses¥200 million
  • Increase in deferred income taxes¥290 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign exchange
Yen/Dollar148
JPY/CNY22
Thin-film deposition equipment lead timeApproximately 9 months
New initiatives
  • Launch of a customer support business in India to address reciprocal tariffs and supply chain changes
  • Expansion of production and development facilities in India, Japan, Vietnam, Greater China and other regions
  • Strengthening procurement of core components and customer support
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received (substantive basis)¥14,820 million
    Year on year against the same period last year+71.4%
  • Order backlog¥39,878 million
    Year on year against the same period last year+66.5%
  • ALD equipment ratio1 %
    Year on year against the same period last year-1.0%
  • New equipment ratio10 %
    Year on year against the same period last year-39.0%
  • Orders received for AI smartphones¥6,920 million
    Year on year against the same period last year+263.1%
  • Orders received related to optical communications
Segment results
Orders received
Optical business
¥12,716 million+79.3%
AI smartphones
¥6,920 million+263.1%
EVs/connected cars
¥562 million-83.2%
Optical components
¥5,234 million+182.8%
Semiconductor-optics integrated and electronic devices
¥935 million+11.5%
Parts, services and other
¥1,169 million+64.0%
Net Sales
Optical business
¥6,272 million+15.0%
AI smartphones
¥3,094 million+116.9%
EVs/connected cars
¥1,156 million-35.5%
Optical components
¥2,023 million-9.5%
Semiconductor-optics integrated and electronic devices
¥285 million-64.9%
Parts, services and other
¥498 million-69.6%
Medium-term management plan targets
Profit attributable to owners of the parent margin15% or higher
ROE10% or higher
Consolidated payout ratioAt least 30%
Financial targets
ROE target10% or higher
Actual ROE-0.5% (Q1 FY2026, annualized)
Market Size / Share
2030 optical transceiver market size$50 billion
2030 CPO market size$15 billion
2030 OCS market size$4 billion
Orders received and order backlog
Orders received
¥14,820 million
Order backlog
¥39,878 million
Annual Dividend
Annual dividend per share¥56
Payout ratio
30% or higher (mid-term management target)
Acquisition of treasury shares
The company expects to conduct flexible share repurchases. Repurchase limit and period: not disclosed
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFirst quarter of the fiscal year ending December 2026
Net Sales¥6,969 million (YoY -11.8%)
Operating profit¥511 million (YoY -32.3%)
Ordinary income¥287 million (YoY -61.3%)
Net income¥-83 million
Gross Profit Margin33.5 %
Operating profit margin7.3 %
Selling, general and administrative expenses¥1,825 million
Results for the three months of the current quarterOrders received ¥14,820 million (YoY +71.4%) / Order backlog ¥39,878 million (YoY +66.5%) / Net Sales ¥6,969 million (YoY -11.8%) / Operating profit ¥511 million (YoY -32.3%) / Ordinary income ¥287 million (YoY -61.3%) / Net income ¥-83 million
Full-year earnings forecastNet Sales ¥38,200 million / Operating profit ¥6,200 million / Ordinary income ¥7,400 million / Profit attributable to owners of the parent ¥5,600 million / Orders received ¥38,200 million
Progress against full-year forecastOrders received for AI smartphones Approximately 50% / Orders received related to optical communications More than 60%
Self-assessment against the planQ1 progress lagged behind the initial plan
Segment resultsOrders received Optical business ¥12,716 million (YoY +79.3%) / AI smartphones ¥6,920 million (YoY +263.1%) / EVs/connected cars ¥562 million (YoY -83.2%) / Optical components ¥5,234 million (YoY +182.8%) / Semiconductor-optics integrated and electronic devices ¥935 million (YoY +11.5%) / Parts, services and other ¥1,169 million (YoY +64.0%) / Net Sales Optical business ¥6,272 million (YoY +15.0%) / AI smartphones ¥3,094 million (YoY +116.9%) / EVs/connected cars ¥1,156 million (YoY -35.5%) / Optical components ¥2,023 million (YoY -9.5%) / Semiconductor-optics integrated and electronic devices ¥285 million (YoY -64.9%) / Parts, services and other ¥498 million (YoY -69.6%)
Breakdown of Factors Affecting the ChangeFactors Internal profit from equipment not yet accepted / Amount Negative impact of several hundred million yen, Factors Equity-Method Investment Losses / Amount ¥200 million, Factors Increase in deferred income taxes / Amount ¥290 million
Key KPIsIndicator name Orders received (substantive basis) / Value ¥14,820 million / Year on year against the same period last year ¥71.4 million, Indicator name Order backlog / Value ¥39,878 million / Year on year against the same period last year ¥66.5 million, Indicator name ALD equipment ratio / Value 1 % / Year on year against the same period last year -1 %, Indicator name New equipment ratio / Value 10 % / Year on year against the same period last year -39 %, Indicator name Orders received for AI smartphones / Value ¥6,920 million / Year on year against the same period last year ¥263.1 million, Indicator name Orders received related to optical communications / Value Not disclosed / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookForeign exchange Yen/Dollar 148 / JPY/CNY 22 / Thin-film deposition equipment lead time Approximately 9 months
Medium-term management plan targetsProfit attributable to owners of the parent margin 15% or higher / ROE 10% or higher / Consolidated payout ratio At least 30%
Financial targetsROE target 10% or higher / Actual ROE -0.5% (Q1 FY2026, annualized)
Annual DividendAnnual dividend per share ¥56 / Interim Not disclosed / End of period Not disclosed
Payout ratio30% or higher (mid-term management target)
Acquisition of treasury sharesThe company expects to conduct flexible share repurchases. Repurchase limit and period: not disclosed
Orders received and order backlogOrders received ¥14,820 million / Order backlog ¥39,878 million
Market Size / Share2030 optical transceiver market size $50 billion / 2030 CPO market size $15 billion / 2030 OCS market size $4 billion
New initiativesLaunch of a customer support business in India to address reciprocal tariffs and supply chain changes, Expansion of production and development facilities in India, Japan, Vietnam, Greater China and other regions, Strengthening procurement of core components and customer support
Items this document does not state (6)
Unit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookCapital expendituresKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company cited several factors behind the net loss: internal profit from equipment not yet accepted had a negative impact of several hundred million yen; it recorded ¥200 million in equity-method investment losses, including losses at Zhejiang Jingchi Optoelectronics Technology; and deferred income taxes increased by ¥290 million due to the tax effect on internal profit. The company also explained that progress in Q1 lagged behind the initial plan, but that it would maintain its full-year forecasts because orders received were above expectations.

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Financial Results Presentation for the First Quarter of the Fiscal Year Ending December 2026 | OPTORUN CO.,LTD. (6235) timely disclosure | Komori