Japan · Delayed Price · Currency is JPY Casio Computer Earnings Call Transcripts
Fiscal Year 2026
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Q3 saw a significant rebound in sales and profits due to last year's ransomware impact, with strong Timepieces and Consumer segment growth. Full-year forecasts were revised upward, and strategic investments include share repurchases and new business initiatives.
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Net sales and operating profit declined year-on-year in H1 and Q2, but profit attributable to owners rose due to structural improvements. Timepieces performed well outside China, while the consumer and sound businesses faced challenges. Full-year guidance remains unchanged.
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Q1 net sales fell 4.6% year-on-year, with operating profit down 17.6% and profit attributable to owners dropping 39.8%. U.S. tariffs and FX rates pressured margins, prompting a downward revision of full-year operating profit guidance. India and Latin America showed strong growth.
Fiscal Year 2025
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FY March 2025 saw a 2.6% sales decline and a 32.3% drop in net profit, with Q4 showing profit recovery despite a ransomware attack. The outlook for FY March 2026 targets JPY 270 billion in sales and JPY 24 billion in operating profit, focusing on core business growth and new initiatives.
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Third quarter results were heavily impacted by a ransomware attack, causing significant declines in sales and profit across all segments. Despite this, the full-year operating profit forecast remains unchanged, with normalization expected in the fourth quarter.
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First-half sales and profit rose year-on-year, driven by strong timepiece and consumer segments outside China, while extraordinary losses from structural reforms and a ransomware attack impacted net profit and led to downward revisions in full-year forecasts.
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Q1 net sales rose 4% year-on-year to JPY 65.2 billion, with net income up 79%. Timepieces and consumer segments grew, but system equipment declined. Structural reforms and new product launches are expected to support future growth.