Ono Sokki Co., Ltd. (TSE: 6858), a Yokohama-based maker of precision test and measurement instruments, dynamometers and sensors for automotive and industrial customers, reported consolidated first-quarter results for the three months ended March 31, 2026 (Q1 FY12/2026) under Japanese GAAP. Revenue rose 19.4% year-on-year to ¥4,448 million from ¥3,727 million, while operating profit climbed 28.0% to ¥423 million from ¥330 million. Ordinary profit advanced 27.2% to ¥416 million from ¥327 million, net profit attributable to owners of the parent rose 13.1% to ¥267 million from ¥236 million, and basic EPS came in at ¥25.67 versus ¥22.87.
Profit growth outpaces a double-digit revenue gain
The first quarter combined strong top-line momentum with even faster operating-profit growth: revenue rose 19.4% while operating profit climbed 28.0% and ordinary profit gained 27.2%. That points to favorable operating leverage and an improving mix at the company's instruments and dynamometer operations, which serve automotive and industrial test customers. Net profit grew a more modest 13.1% — a gap that reflects tax and other below-the-line effects rather than any weakness in the core business.
Conservative balance sheet
Ono Sokki continues to run a conservative balance sheet. Total assets stood at ¥22,487 million and net assets at ¥16,770 million, leaving an equity ratio of 73.1%, down slightly from 74.5% a year earlier but still well above peer norms. That financial strength gives the company ample flexibility to fund investment and sustain shareholder returns even as it guides for a much stronger full year.
Dividend raised to ¥30 for the full year
Management plans a ¥30.00 annual dividend for FY12/2026 (¥15.00 interim, ¥15.00 year-end), up from ¥22.00 the prior year — a 36.4% increase. The decision to lift the payout alongside a strong quarter and an upbeat full-year outlook underscores the company's confidence in its earnings trajectory and its conservative cash position.
Full-year guidance points to a sharp profit step-up
For the full year ending December 31, 2026 (FY12/2026), management guides for revenue of ¥15,000 million (+10.1%), but a much larger profit step-up: operating profit is forecast to rise 86.8% to ¥1,100 million, ordinary profit up 76.7% to ¥1,200 million, and net profit attributable to owners up 102.5% to ¥800 million, with EPS of ¥76.75. The roughly doubling of net profit on only ~10% revenue growth signals that management expects substantial operating leverage as volumes build through the year. The Q1 figures are pre-review; reviewed statements were due May 15, 2026.
| Metric | Q1 FY12/2026 | Q1 FY12/2025 | YoY |
|---|---|---|---|
| Revenue (¥M) | 4,448 | 3,727 | +19.4% |
| Operating profit (¥M) | 423 | 330 | +28.0% |
| Ordinary profit (¥M) | 416 | 327 | +27.2% |
| Net profit attrib. to owners (¥M) | 267 | 236 | +13.1% |
| Basic EPS (¥) | 25.67 | 22.87 | +12.2% |
| Equity ratio | 73.1% | 74.5% | −1.4pp |
| Annual dividend (¥, forecast) | 30.00 | 22.00 | +36.4% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.