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Earnings presentation6817SUMIDA CORPORATIONElectrical and Precision Instruments

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

Third-quarter revenue reached a record high, with revenue and operating profit both increasing year on year. For the full-year forecast, revenue was revised upward, while operating profit, profit before tax and net income were revised downward; the dividend forecast was left unchanged.

Worth reading
78Important
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-1500
¥ million (change in full-year operating profit forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationQ3 FY202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥123,604 million +14.4%nine months ended third quarter
Operating profit¥4,109 million -25.1%nine months ended third quarter
Ordinary income¥2,022 million -44.3%profit before tax, 3Q cumulative
Net income¥1,285 million -52.0%3Q cumulative, attributable to owners of the parent
Operating profit margin3.3 % first 9 months
Results for the three months of the current quarter
Revenue
¥43,745 million+18.5%
Operating profit
¥2,197 million+3.4%
Profit before tax
¥1,450 million-0.3%
Profit for the period
¥1,045 million+3.6%
Operating profit margin
5 %
yoy_change_pt-0.8
Full-year earnings forecast
Revenue
¥163,800 million
Operating profit
¥6,000 million
Pretax profit
¥3,100 million
Profit for the period
¥2,300 million
EPS
69.5 yen
Full-year dividend amount
¥53 per share
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit YoY, 3Q
Lower fixed-cost burden from higher capacity utilization1,074
Improved production efficiency153
Impact of wages70
Schmidbauer151
Optimization of production capacity in China79
Impact of revenue-645
Foreign exchange impact-498
Increase in manufacturing overhead-216
Increase in raw material costs-141
Other276
Full-year operating income forecast
Impact of sales on profit21
Raw material cost reduction3
Decrease in manufacturing overhead2
Optimization of production capacity in China1
Wage restraint in Europe1
Foreign exchange impact-18
Provision for product warranties for automotive products-10
Discontinuation of reduced working hours in the EU-6
Impact of copper prices-3
Impact of production efficiency-3
Other-2
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD/JPY158
EUR/JPY183
CNY/JPY23
HKD/JPY20
Copper prices
13,000 USD/ton
New initiatives
  • Optimization of production capacity in China
  • Profit improvement drivers (increasing sales volumes, passing through price increases, ramping up mass production of new products, and improving productivity)
  • Integration following the acquisition of Schmidbauer and the ramp-up of mass production at the China plant
Key KPIsA metric the company considers important as a management benchmark.
  • Megatrend-related revenue¥93 100 million+66.0%
  • xEV–automotive sales¥60 100 million+35.7%
  • Data center-related sales¥20 100 million+70.9%
  • CCC95 days
    Year on year against the same period last year+1.0%
  • DIO86 days
    Year on year against the same period last year+7.0%
  • DSO75 days
    Year on year against the same period last year-5.0%
  • DPO66 days
    Year on year against the same period last year+1.0%
Segment results
Regional breakdown
Asia
Sales
¥179 100 million
Year on year against the same period last year+16.5%
North America
Sales
¥89 100 million
Year on year against the same period last year+25.0%
Europe
Sales
¥167 100 million
Year on year against the same period last year+17.5%
By market
Automotive
Sales
¥232 100 million
Year on year against the same period last year+11.1%
Industry
Sales
¥135 100 million
Year on year against the same period last year+34.4%
Home appliances
Sales
¥69 100 million
Year on year against the same period last year+17.8%
Financial targets
Net debt-to-equity ratio
0.85 times
As ofEnd-September 2026
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Foreign exchange impact¥-18 100 million
DetailsFactors behind the decline in the full-year operating profit forecast
Orders received and order backlog
Value of new projects won
¥880 100 million 2025, lifetime
Number of stores and locations
Number of sales locations23
Number of manufacturing sites24
Number of R&D sites11
Capital expenditures
¥4,904 million nine-month cumulative actual result
Full-year forecast
¥6,800 million
Annual Dividend
¥53 per share
Interim Dividend
¥27 per share
Year-end dividend
¥26 per share
Payout ratio
76.3 % forecast
DOE
2.8 % forecast
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredQ3 FY2026
Net Sales¥123,604 million (nine months ended third quarter) (YoY +14.4%)
Operating profit¥4,109 million (nine months ended third quarter) (YoY -25.1%)
Ordinary income¥2,022 million (profit before tax, 3Q cumulative) (YoY -44.3%)
Net income¥1,285 million (3Q cumulative, attributable to owners of the parent) (YoY -52.0%)
Operating profit margin3.3 % (first 9 months)
Results for the three months of the current quarterRevenue ¥43,745 million (YoY +18.5%) / Operating profit ¥2,197 million (YoY +3.4%) / Profit before tax ¥1,450 million (YoY -0.3%) / Profit for the period ¥1,045 million (YoY +3.6%) / Operating profit margin 5 %
Full-year earnings forecastRevenue ¥163,800 million / Operating profit ¥6,000 million / Pretax profit ¥3,100 million / Profit for the period ¥2,300 million / EPS 69.5 yen / Full-year dividend amount ¥53 per share
Segment resultsRegional breakdown Asia Sales ¥179 100 million / yoy_pct 16.5 / North America Sales ¥89 100 million / yoy_pct 25 / Europe Sales ¥167 100 million / yoy_pct 17.5 / By market Automotive Sales ¥232 100 million / yoy_pct 11.1 / Industry Sales ¥135 100 million / yoy_pct 34.4 / Home appliances Sales ¥69 100 million / yoy_pct 17.8
Breakdown of Factors Affecting the ChangeOperating profit YoY, 3Q Lower fixed-cost burden from higher capacity utilization 1,074 / Improved production efficiency 153 / Impact of wages 70 / Schmidbauer 151 / Optimization of production capacity in China 79 / Impact of revenue -645 / Foreign exchange impact -498 / Increase in manufacturing overhead -216 / Increase in raw material costs -141 / Other 276 / Full-year operating income forecast Impact of sales on profit 21 / Raw material cost reduction 3 / Decrease in manufacturing overhead 2 / Optimization of production capacity in China 1 / Wage restraint in Europe 1 / Foreign exchange impact -18 / Provision for product warranties for automotive products -10 / Discontinuation of reduced working hours in the EU -6 / Impact of copper prices -3 / Impact of production efficiency -3 / Other -2
Key KPIsMegatrend-related revenue ¥93 100 million (YoY +66.0%), xEV–automotive sales ¥60 100 million (YoY +35.7%), Data center-related sales ¥20 100 million (YoY +70.9%), CCC 95 days, DIO 86 days, DSO 75 days, DPO 66 days
Number of stores and locationsNumber of sales locations 23 / Number of manufacturing sites 24 / Number of R&D sites 11
Assumptions Underlying the Business OutlookUSD/JPY 158 / EUR/JPY 183 / CNY/JPY 23 / HKD/JPY 20 / Copper prices 13,000 USD/ton
Risk amount incorporated into the outlookForeign exchange impact ¥-18 100 million / Details Factors behind the decline in the full-year operating profit forecast
Financial targetsNet debt-to-equity ratio 0.85 times
Annual Dividend¥53 per share
Payout ratio76.3 % (forecast)
Capital expenditures¥4,904 million (nine-month cumulative actual result)
Orders received and order backlogValue of new projects won ¥880 100 million (2025, lifetime)
New initiativesOptimization of production capacity in China, Profit improvement drivers (increasing sales volumes, passing through price increases, ramping up mass production of new products, and improving productivity), Integration following the acquisition of Schmidbauer and the ramp-up of mass production at the China plant
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesMedium-term management plan targetsAcquisition of treasury sharesMarket Size / ShareKey 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 explained that it was unable to fully offset the effects of foreign exchange movements, one-off losses in the first half and higher raw material prices through its profit improvement drivers, and that the benefits from those drivers also fell short of the initial assumptions. The full-year profit forecast was therefore revised downward. The upward revision to the revenue forecast reflects firm demand conditions, particularly in industry-related markets.

How to read this page

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