Komori
Earnings7727OVAL CorporationElectrical Equipment and Precision Instruments

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP]

In the first quarter, net sales decreased 17.9% and operating profit decreased 94.2%, mainly due to the reversal of the impact of the upfront license fee recognized in the same period of the previous year. Meanwhile, orders received increased 33.9%, and the full-year earnings forecasts remain unchanged.

Worth reading
40Recurring
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
-94.2
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales3,011¥ millionYear on year -17.9%Progress 18.8%
Operating profit34¥ millionYear on year -94.2%Progress 1.9%
Ordinary income64¥ millionYear on year -89.2%Progress 3.4%
Net income attributable to owners of the parent19¥ millionYear on year -94.6%Progress 1.3%

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¥0.94
Financial position at period-end
Total assets24,396¥ million
of which net assets 16,155 ¥ millionEquity ratio 64.4%vs. prior year-end +0.7pt

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.

Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥16,000 million (YoY +2.6%)
Operating profit¥1,800 million (YoY +5.7%)
Ordinary income¥1,900 million (YoY +7.2%)
Net income¥1,420 million (YoY +1.4%)
Annual Dividend Forecast¥20 → ¥28
Factors Behind Changes in Business Performance

Net sales and profit declined mainly due to the reversal of the impact of the upfront fee under the license agreement with Anton Paar GmbH, which was recognized in the same period of the previous year. Orders received increased due to expanding demand for semiconductors in Japan and for ships and secondary batteries in China.

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 consolidationStatus No significant changes / New Not disclosed / Excluded Not disclosed / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥440 thousand
Depreciation and amortization¥140,642 thousand
Orders received and order backlogOrders received ¥4,632 million / Order backlog ¥6,122 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End21,000,000 Shares
Treasury Shares at Period-End639,586 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¥3,011 million (YoY -17.9%)
Operating profit¥34 million (YoY -94.2%)
Ordinary income¥64 million (YoY -89.2%)
Profit attributable to owners of the parent¥19 million (YoY -94.6%)
Net income per share¥0.94
Equity ratioEnd of the current fiscal period 64.4 / End of previous period 63.7
Total assets¥24,396 million
Net assets¥16,155 million
Full-year earnings forecastNet Sales ¥16,000 million (YoY +2.6%) / Operating profit ¥1,800 million (YoY +5.7%) / Ordinary income ¥1,900 million (YoY +7.2%) / Net income ¥1,420 million (YoY +1.4%)
Annual Dividend Forecast¥20 → ¥28
Orders received and order backlogOrders received ¥4,632 million / Order backlog ¥6,122 million
Depreciation and amortization¥140,642 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥440 thousand
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 consolidationStatus No significant changes / New Not disclosed / Excluded Not disclosed / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End21,000,000 Shares
Treasury Shares at Period-End639,586 Shares
Factors Behind Changes in Business PerformanceNet sales and profit declined mainly due to the reversal of the impact of the upfront fee under the license agreement with Anton Paar GmbH, which was recognized in the same period of the previous year. Orders received increased due to expanding demand for semiconductors in Japan and for ships and secondary batteries in China.
Items this document does not state (13)
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 PolicySegment revenueSegment profitRegional salesImpairment lossMaterial subsequent events

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.

Net sales and profit declined mainly due to the reversal of the impact of the upfront fee under the license agreement with Anton Paar GmbH, which was recognized in the same period of the previous year. In addition, some orders received will be recognized as sales in the next quarter or later. Orders received increased due to expanding demand for semiconductors in Japan and for ships and secondary batteries in China, among other factors.

How to read this page

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Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] | OVAL Corporation (7727) timely disclosure | Komori