Volume plus currency, minus a small tariff bill
F.C.C. Co., Ltd. (TSE: 7296) published consolidated results for the three months to June 30, 2026 on August 4, 2026 under IFRS. Revenue rose 18.3% to ¥71,800 million, operating profit 38.8% to ¥7,032 million and pre-tax profit 41.8% to ¥7,723 million. Net profit attributable to owners of the parent rose 24.3% to ¥5,814 million — a smaller gain than the lines above it, because the prior year's pre-tax figure had been depressed while the tax and minority lines were comparatively light. Earnings per share were ¥120.06 against ¥96.63, and comprehensive income more than quadrupled to ¥8,959 million.
The company's own bridge attributes the ¥1,965 million increase in operating profit to ¥1,965 million from sales volume and product mix and ¥773 million from currency, against ¥401 million of other selling and administrative costs, ¥278 million of research and development, ¥126 million from United States tariffs and ¥23 million of depreciation. The quarter was translated at ¥159.50 to the dollar against ¥144.60 a year earlier.
India and the United States carry both segments
The Motorcycle business grew revenue 22.8% to ¥34,595 million and operating profit 43.2% to ¥3,603 million on higher sales of motorcycle clutches in India together with the translation effect, absorbing a rise in material prices linked to Middle East tensions. The Automobile business grew revenue 14.3% to ¥37,164 million and operating profit 29.5% to ¥4,082 million on United States car-clutch sales, despite the tariff bill and lower production in China. Environment & Energy — renamed this quarter from the Non-Mobility business, a change of name only — remains a development-stage unit with revenue of ¥39 million and an operating loss of ¥653 million against ¥599 million.
By region, Asia produced the largest revenue at ¥32,015 million (+21.2%) with operating profit up 8.7% to ¥2,454 million, held back by material costs and reduced Chinese car-clutch output. North America generated ¥31,491 million (+17.0%) and profit of ¥3,389 million (+37.7%). Japan contributed ¥6,555 million (+12.9%) with profit of ¥962 million, nearly four times the year-earlier figure. Other regions added ¥1,737 million (+10.9%) with profit down 20.5% at ¥209 million as Brazilian motorcycle-clutch sales fell.
Guidance raised, dividend reset, buyback shares to be cancelled
In a separate announcement on the same day, F.C.C. raised the full-year forecast it had published on May 13, 2026. Revenue guidance goes to ¥265,000 million (+1.6%) from ¥260,000 million, operating profit to ¥22,000 million (+16.2%) from ¥20,000 million, pre-tax profit to ¥24,000 million (+11.3%) from ¥22,000 million and net profit attributable to owners to ¥17,000 million from ¥15,000 million, though that still represents a 9.4% decline on last year's ¥18,760 million. Earnings per share are guided at ¥356.43. The first quarter has already delivered 32.0% of the raised operating-profit target.
Total assets rose 1.2% to ¥267,589 million and equity attributable to owners 1.3% to ¥207,766 million, leaving the equity-attributable ratio unchanged at 77.6% — one of the strongest balance sheets in Japanese auto parts. As a subsequent event, F.C.C. completed the tender offer for its own shares resolved in May: 1,000,000 shares were acquired for ¥3,083 million, with settlement on July 2, 2026, and the whole block is scheduled for cancellation on August 31, 2026, leaving 51,056,530 shares issued. The annual dividend forecast, also revised in the same announcement, is ¥180.00 split ¥90.00 and ¥90.00, against ¥194.00 last year.
| Metric | Q1 FY3/2027 | Q1 FY3/2026 | Change |
|---|---|---|---|
| Revenue (¥ million) | 71,800 | 60,705 | +18.3% |
| Operating profit (¥ million) | 7,032 | 5,068 | +38.8% |
| Pre-tax profit (¥ million) | 7,723 | 5,447 | +41.8% |
| Net profit attrib. to owners of parent (¥ million) | 5,814 | 4,679 | +24.3% |
| Comprehensive income (¥ million) | 8,959 | 2,099 | +326.7% |
| EPS (¥) | 120.06 | 96.63 | +24.2% |
| Motorcycle — revenue (¥ million) | 34,595 | 28,163 | +22.8% |
| Motorcycle — segment profit (¥ million) | 3,603 | 2,516 | +43.2% |
| Automobile — revenue (¥ million) | 37,164 | 32,516 | +14.3% |
| Automobile — segment profit (¥ million) | 4,082 | 3,151 | +29.5% |
| Environment & Energy — revenue (¥ million) | 39 | 25 | +56.0% |
| Environment & Energy — segment profit (¥ million) | -653 | -599 | loss widened |
| Total assets (¥ million) | 267,589 | 264,353 | +1.2% |
| Shareholders' equity (¥ million) | 209,106 | 206,299 | +1.4% |
| Equity attrib. to owners of parent (¥ million) | 207,766 | 205,015 | +1.3% |
| Equity ratio | 77.6% | 77.6% | unchanged |
| FY3/2027 guidance — revenue (¥ million) | 265,000 | — | +1.6% |
| FY3/2027 guidance — operating profit (¥ million) | 22,000 | — | +16.2% |
| FY3/2027 guidance — pre-tax profit (¥ million) | 24,000 | — | +11.3% |
| FY3/2027 guidance — net profit (¥ million) | 17,000 | — | -9.4% |
| FY3/2027 guidance — EPS (¥) | 356.43 | — | — |
| Annual dividend per share (¥) | 180.00 | 194.00 | -7.2% |
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.