A seasonal loss turns into a profit
Ono Sokki Co., Ltd. (TSE: 6858) reported consolidated results for the first nine months of FY12/2026, January 1 to September 30, 2026, on October 26, 2026 under Japanese GAAP. Net sales rose 19.2% to ¥10,647 million, and the company posted an operating profit of ¥226 million, an ordinary profit of ¥279 million and net profit attributable to owners of the parent of ¥150 million, against losses of ¥227 million, ¥175 million and ¥246 million a year earlier. The company noted that the first nine months usually end in an operating loss because of the seasonality of its sales. Orders rose 5.7% to ¥12,155 million and the order backlog grew 10.1% to ¥10,558 million. It also began a NEDO-funded development project with the TRAMI automotive powertrain research association on ultra-high-speed motors above 50,000 rpm for compact electric drivetrains.
Test benches lead
Custom test equipment and services grew sales 28.3% to ¥7,277 million and swung to a segment profit of ¥256 million from a ¥14 million loss. As automakers re-evaluate hybrids and internal combustion engines, customers have shifted from modifying equipment and outsourcing toward full-scale facility renewals, mainly for hybrids, and the company captured that demand with emissions and fuel-economy certification equipment and its VRS simulation benches. Measuring instruments grew orders 6.5% to ¥3,738 million and sales 3.4% to ¥3,358 million, narrowing its loss to ¥31 million from ¥209 million, with demand from the automotive and semiconductor industries for sound-level meters, vibration meters, signal-analysis systems and non-contact thickness gauges.
Balance sheet, outlook and dividend
Total assets rose 4.7% to ¥22,796 million and net assets 3.1% to ¥17,116 million, with the equity ratio at 73.7%. The company kept its FY12/2026 forecast: net sales of ¥15,000 million (+10.1%), operating profit of ¥1,100 million (+86.8%), ordinary profit of ¥1,200 million and net profit of ¥800 million, roughly double last year. It paid an interim dividend of ¥15 and plans ¥15 at year-end, for an annual ¥30 against ¥22 last year.
| Metric | 9M FY12/2026 | 9M FY12/2025 | Change |
|---|---|---|---|
| Net sales (¥ million) | 10,647 | 8,929 | +19.2% |
| Operating profit (¥ million) | 226 | −227 | loss to profit |
| Ordinary profit (¥ million) | 279 | −175 | loss to profit |
| Net profit attrib. to owners of parent (¥ million) | 150 | −246 | loss to profit |
| EPS (¥) | 14.49 | −23.77 | loss to profit |
| Orders received (¥ million) | 12,155 | 11,496 | +5.7% |
| Order backlog (¥ million) | 10,558 | — | +10.1% |
| Measuring instruments — revenue (¥ million) | 3,358 | 3,246 | +3.4% |
| Measuring instruments — segment profit (¥ million) | −31 | −209 | loss narrowed |
| Custom test equipment & services — revenue (¥ million) | 7,277 | 5,673 | +28.3% |
| Custom test equipment & services — segment profit (¥ million) | 256 | −14 | loss to profit |
| Total assets (¥ million) | 22,796 | 21,783 | +4.7% |
| Net assets (¥ million) | 17,116 | 16,603 | +3.1% |
| Equity ratio | 73.7% | 74.5% | −0.8 pt |
| FY12/2026 guidance — revenue (¥ million) | 15,000 | — | +10.1% |
| FY12/2026 guidance — operating profit (¥ million) | 1,100 | — | +86.8% |
| FY12/2026 guidance — ordinary profit (¥ million) | 1,200 | — | +76.7% |
| FY12/2026 guidance — net profit (¥ million) | 800 | — | +102.5% |
| Annual dividend per share (¥) | 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.