Komori
Earnings6986FUTABA CORPORATIONElectrical Equipment and Precision Instruments

Summary of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated)

In the first quarter, revenue increased 4.1% year on year, the operating loss narrowed from ¥604 million to ¥335 million, and ordinary income turned positive. Meanwhile, the net loss attributable to owners of the parent increased from ¥531 million to ¥1,447 million, mainly due to a ¥1,491 million extraordinary loss related to the contract for the core system.

Worth reading
47Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1491
¥ million
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales10,841¥ millionYear on year +4.1%Progress 24.1%
Operating profit-335¥ million
Ordinary income168¥ million
Net income attributable to owners of the parent-1,447¥ million

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share△34.13
Financial position at period-end
Total assets110,699¥ million
of which net assets 94,583 ¥ millionEquity ratio 75.2%vs. prior year-end -1.8pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenueSegment Electronic equipment / Current fiscal year ¥4,234 million / Prior-year period ¥3,544 million / yoy_pct 19.5, Segment Production equipment / Current fiscal year ¥6,614 million / Prior-year period ¥6,875 million / yoy_pct -3.8
Segment profitSegment Electronic equipment / Current fiscal year ¥-147 million / Prior-year period ¥-412 million / yoy_pct Not disclosed, Segment Production equipment / Current fiscal year ¥-187 million / Prior-year period ¥-191 million / yoy_pct Not disclosed
Regional salesRegion Japan / Current fiscal year ¥4,711 million / Prior-year period ¥4,592 million, Region Americas / Current fiscal year ¥1,374 million / Prior-year period ¥1,134 million, Region Europe / Current fiscal year ¥457 million / Prior-year period ¥374 million, Region Asia and Other / Current fiscal year ¥4,293 million / Prior-year period ¥4,305 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥45,000 million (YoY +4.7%)
Operating profit¥-1,300 million
Ordinary income¥-850 million
Net income¥-3,900 million
Annual Dividend Forecast¥18.00 → Undecided
Factors Behind Changes in Business Performance

Electronic Equipment reported higher revenue, driven by strong sales of EMS for automotive and communications applications, industrial and hobby radio-control equipment, and OLED displays. The operating loss narrowed due to an improved product mix and improved inventory-related gains and losses. Production Equipment reported lower revenue due to the delayed recovery in automotive-related market conditions, sluggish demand in the Korean market and price competition. Net income deteriorated due to the ¥1,491 million contract loss related to the renewal of the company-wide core system, among other factors.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationMaterial changes No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed
Material subsequent eventsThe Board of Directors resolved to dissolve the consolidated subsidiary 株式会社原振精工. The subsidiary is expected to pass the dissolution resolution in November 2026 and complete liquidation in February 2027. The impact on earnings is currently under review.
Impairment loss¥47 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Loss on disposal of fixed assets ¥0 million, Impairment Losses ¥47 million, Loss on license and service contracts ¥1,491 million
Depreciation and amortization¥250 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End42,426,739 Shares
Treasury Shares at Period-End11,739 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥10,841 million (YoY +4.1%)
Operating profit¥-335 million
Ordinary income¥168 million
Profit attributable to owners of the parent¥-1,447 million
Net income per share△34.13
Equity ratioEnd of the current fiscal period 75.2% / End of previous period 77.0%
Total assets¥110,699 million
Net assets¥94,583 million
Full-year earnings forecastNet Sales ¥45,000 million (YoY +4.7%) / Operating profit ¥-1,300 million / Ordinary income ¥-850 million / Net income ¥-3,900 million
Annual Dividend Forecast¥18.00 → Undecided
Segment revenueSegment Electronic equipment / Current fiscal year ¥4,234 million / Prior-year period ¥3,544 million / yoy_pct 19.5, Segment Production equipment / Current fiscal year ¥6,614 million / Prior-year period ¥6,875 million / yoy_pct -3.8
Segment profitSegment Electronic equipment / Current fiscal year ¥-147 million / Prior-year period ¥-412 million / yoy_pct Not disclosed, Segment Production equipment / Current fiscal year ¥-187 million / Prior-year period ¥-191 million / yoy_pct Not disclosed
Regional salesRegion Japan / Current fiscal year ¥4,711 million / Prior-year period ¥4,592 million, Region Americas / Current fiscal year ¥1,374 million / Prior-year period ¥1,134 million, Region Europe / Current fiscal year ¥457 million / Prior-year period ¥374 million, Region Asia and Other / Current fiscal year ¥4,293 million / Prior-year period ¥4,305 million
Depreciation and amortization¥250 million
Impairment loss¥47 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Loss on disposal of fixed assets ¥0 million, Impairment Losses ¥47 million, Loss on license and service contracts ¥1,491 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationMaterial changes No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed
Material subsequent eventsThe Board of Directors resolved to dissolve the consolidated subsidiary 株式会社原振精工. The subsidiary is expected to pass the dissolution resolution in November 2026 and complete liquidation in February 2027. The impact on earnings is currently under review.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End42,426,739 Shares
Treasury Shares at Period-End11,739 Shares
Factors Behind Changes in Business PerformanceElectronic Equipment reported higher revenue, driven by strong sales of EMS for automotive and communications applications, industrial and hobby radio-control equipment, and OLED displays. The operating loss narrowed due to an improved product mix and improved inventory-related gains and losses. Production Equipment reported lower revenue due to the delayed recovery in automotive-related market conditions, sluggish demand in the Korean market and price competition. Net income deteriorated due to the ¥1,491 million contract loss related to the renewal of the company-wide core system, among other factors.
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlog

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.

In Electronic Equipment, the operating loss narrowed due to higher revenue from industrial and hobby radio-control equipment, EMS and OLED displays, an improved product mix, and improved inventory-related gains and losses. In Production Equipment, revenue declined due to the delayed recovery in automotive-related market conditions, sluggish demand in the Korean market and price competition. Net income deteriorated due to a ¥1,491 million loss on the license and service contracts related to the renewal of the company-wide core system, among other factors.

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Summary of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated) | FUTABA CORPORATION (6986) timely disclosure | Komori