Stanley Electric Co., Ltd. TSE:6923
Stanley Electric : FY2026/3 1st Quarter Financial Results
Source: MarketScreener
July 31st, 2025
STANLEY ELECTRIC CO., LTD. STANLEY GROUP VISION Outshining Light
Key Points
Net sales |
119.83billion yen 〔Compared to 1Q of FY2025/3：－1.3%〕 |
Operating income |
8.60billion yen 〔Compared to 1Q of FY2025/3：－9.7%〕 |
Both sales and income declined due to the impact of US tariffs and foreign exchange fluctuations but slightly outperformed the forecasts.
Asia-Pacific (two-wheel) remained strong.
China experienced a decline in sales due to a harsh operating environment, but its income margin improved as a result of rationalization and other efforts.
1-1
Key points of financial results for 1Q of FY2026/3（Hundred million yen） 1Q of FY2025/3 Amounts less than shown are rounded down Results | 1Q of FY2026/3 Results | Compared to 1Q of FY2025/3 | ||
Amount increase or decrease | Percent increase or decrease | |||
Net sales | 1,214.4 | 1,198.3 | -16.0 | -1.3% |
Operating income | 95.3 | 86.0 | -9.2 | -9.7% |
Operating income to net sales ratio | 7.9% | 7.2% | -0.7Pt | - |
Ordinary income | 117.1 | 102.2 | -14.8 | -12.7% |
Net income attributable to owners of parent | 123.8 | 51.5 | -72.2 | -58.4% |
Net income per share (yen) | 77.20 | 34.58 | -42.62 | -55.2% |
Exchange rate （USD/yen） | 157.86 | 143.93 | -13.93 | -8.8% |
Impact of foreign exchange fluctuations
Net sales
Down by some 7.36bn yen
Investments
1Q of FY2025/3
Results
Capital investments
10.13 bn yen
1Q of FY2026/3
Results
12.64 bn yen
Operating income
Depreciation
R&D expenses
Down by some 0.71bn yen
Of which strategic investments
3.96 bn yen
11.14 | bn yen | 10.06 | bn yen |
5.49 | bn yen | 6.77 | bn yen |
1-2
1Q of FY2026/3 Consolidated results summaryTotal operating income growth effects
46.6
▍Operating income
（Hundred million yen）
Amounts less than shown are rounded down
Impact of operating income growth
-9.2
(-9.7%)
95.3
（Hundred million yen）
30
20
10
86.0
0
-10
-20
-30
27.7
9.6
7.9
1.4
-2.5
-8.2
-5.5
-7.1
-9.6
One-off cost
Rationalization effect innovation-in-product
-22.9
1Q of FY2025/3
Results
1Q of FY2026/3
Results
"
Decrease in total
operating income effects
55.8
Tariff recovery
Tariff impact
Impact of exchange rate fluctuations
Influence other expense
Strategic cost
Labor cost impact
Markdown sales price impact
Sales impact
Impact of operating income decrease
1-3
1Q of FY2026/3 Consolidated results affecting operating income
[Year-over-year basis]
（Hundred million yen） Amounts less than shown are rounded down | 1Q of FY2025/3 Results | 1Q of FY2026/3 Results | Compared to 1Q of FY2025/3 | |||
Amount increase or decrease | Percent increase or decrease | |||||
Net sales | Automotive Equipment Business | 1,046.3 | 1,030.5 | -15.7 | -1.5% | |
Electronic Components | 90.0 | 91.8 | 1.7 | 2.0% | ||
Business | ||||||
Applied Electronic Products Business | 281.0 | 276.0 | -5.0 | -1.8% | ||
Others | 8.0 | 7.2 | -0.7 | - | ||
Adjustment | -211.1 | -207.3 | 3.7 - | |||
Total | 1,214.4 | 1,198.3 | -16.0 | -1.3% | ||
Operating income | Automotive Equipment Business Operating income to net sales ratio | 95,0 | 94.2 | -0.8 | -0.9% | |
9.1% | 9.1% | 0.1pt | - | |||
Electronic Components Business Operating income to net sales ratio | 4.6 | 10.9 | 6.2 | 133.3% | ||
5.2% | 11.9% | 6.7Pt | - | |||
Applied Electronic Products Business Operating income to net sales ratio | 16.4 | 21.4 | 5.0 | 30.4% | ||
5.9% | 7.8% | 1.9Pt | - | |||
Others | 0.4 | 0.0 | -0.3 | - | ||
Adjustment | -21.2 | -40.6 | -19.4 | - | ||
Total | 95.3 | 86.0 | -9.2 | -9.7% | ||
1-4
1Q of FY2026/3 Consolidated results by SegmentUpper row ：Net Sales Lower row ：Operating income （Hundred million yen） Amounts less than shown are rounded down | 1Q of FY2025/3 Results | 1Q of FY2026/3 Results | Compared to 1Q of FY2025/3 | |
Amount increase or decrease | Percent increase or decrease | |||
Japan | 281.0 | 289.3 | 8.2 | 3.0% |
5.2 | -6.8 | -12.1 | - | |
The Americas | 366.0 | 369.7 | 3.6 | 1.0% |
22.7 | 17.7 | -4.9 | -21.9% | |
Europe | 21.1 | 17.9 | -3.1 | -15.1% |
-0.4 | -0.6 | -0.1 | - | |
Asia-Pacific | 371.3 | 374.6 | 3.2 | 0.9% |
62.7 | 64.7 | 1.9 | 3.2% | |
China | 174.8 | 146.7 | -28.0 | -16.1% |
3.1 | 12.1 | 9.0 | 284.2% | |
Total | 1,214.4 | 1,198.3 | -16.0 | -1.3% |
95.3 | 86.0 | -9.2 | -9.7% | |
1-5
1Q of FY2026/3 Information by geographical locationsCapital
investments
Depreciation
（Hundred million yen）
Amounts less than shown are rounded down
860.0
Capital investments
535.2
Depreciation
400.0
222.3
Capital
investments
Depreciation
101.3
47.2 54.1
111.4
312.9
436.0
Capital
investments
126.4
39.6
86.8
Depreciation
100.6
460.0
431.6
1Q of FY2025/3 Results | FY2025/3 Results | 1Q of FY2026/3 Results | FY2026/3 Forecasts |
1-6
FY2026/3 Consolidated capital investments:
Results of 1Q of FY2026/3 and full-year forecast
Appendix
Hundred million yen） FY2025/3 mounts less than shown are rounded down Results | FY2026/3 Forecasts | Compared to the previous year | ||
Amount increase or decrease | Percent increase or decrease | |||
Net sales | 5,095.6 | 4,800.0 | -295.6 | -5.8% |
Operating income | 490.0 | 412.0 | -78.0 | -15.9% |
Operating income to net sales ratio | 9.6% | 8.6％ | -1.0pt | - |
Ordinary income | 554.5 | 462.0 | -92.5 | -16.7% |
Net income attributable to owners of parent | 320.5 | 268.0 | -52.5 | -16.4% |
Net income per share（yen） | 205.73 | 179.73 | -26.00 | - |
Exchange rate（USD/yen） | 152.48 | 135.00 | -17.48 | -11.5% |
Impact of foreign exchange fluctuations
Net Sales
Down by some 44.6bn yen
Investments
FY2025/3
Results
Capital investments
53.52bn yen
FY2026/3
Forecasts
86.00bn yen
Operating income
Down by some 4.9bn yen
Foreign exchange sensitivity
Of which strategic investments 22.23bn yen
40.00bn yen
（Impact of a 1-yen change against the US dollar）
Net Sales
Operating income
By some 2.59bn yen By some 0.42bn yen
43.60bn yen 43.16bn yen
Depreciation
R&D expenses
22.77bn yen 25.68bn yen
References FY2026/3 Summary Consolidated Business Forecasts
▍Operating income
（Hundred million yen）
Amounts less than shown are rounded down
Total
growth effects
operating income
226.8
Impact of operating income growth
（Hundred million yen）
-78.0
(-15.9%)
490.0
412.0
150
100
50
0
-50
-100
-150
113.7
49.0
19.1
40.6
4.4
-7.9
-9.9
-31.8 -49.0
-102.8
-103.4
Decrease in total
operating income effects
304.8
One-off cost
Tariff recovery
Tariff impact
Impact of exchange rate fluctuations
Influence other expense
Strategic cost
Labor cost impact
Markdown sales price impact
Impact of depreciation decrease
Rationalization effect innovation-in-product
Sales impact
"
FY2025/3
Results
FY2026/3
Forecasts
Impact of operating income decrease
References
FY2026/3 Consolidated Business Forecasts factors affecting
operating income [Year-over-year basis]
（Hundred million yen） Amounts less than shown are rounded down | FY2025/3 Results | FY2026/3 Forecasts | Compared to the previous year | ||
Amount increase or decrease | Percent increase or decrease | ||||
Net Sales | Automotive Equipment Business | 4,401.3 | 4,040.0 | -361.3 -8.2% | |
Electronic Components | 370.6 | 410.0 | 39.3 10.6% | ||
Business | |||||
Applied Electronic Products | 1,163.4 | 1,060.0 | -103.4 -8.9% | ||
Business | |||||
Others | 31.3 | 10.0 | -21.3 - | ||
Adjustment | -871.0 | -720.0 | 151.0 - | ||
Total | 5,095.6 | 4,800.0 | -295.6 -5.8% | ||
Operating Income | Automotive Equipment Business Operating income to net sales ratio | 469.6 | 360.0 | -109.6 -23.3% | |
10.7% | 8.9% | -1.7pt - | |||
Electronic Components Business Operating income to net sales ratio | 24.9 | 52.0 | 27.0 108.5% | ||
6.7% | 12.7% | 5.9pt - | |||
Applied Electronic Products Business Operating income to net sales ratio | 88.1 | 98.0 | 9.9 11.2% | ||
7.6% | 9.2% | 1.6pt - | |||
Others | 0.6 | 1.0 | 0.3 - | ||
Adjustment | -93.3 | -99.0 | -5.6 - | ||
Total | 490.0 | 412.0 | -78.0 -15.9% | ||
References FY2026/3 Forecasts of Consolidated results by Segment
et Sales perating income illion yen） than shown are rounded down | FY2025/3 Results | FY2026/3 Forecasts | Compared to the previous year | |
Amount increase or decrease | Percent increase or decrease | |||
Japan | 1,242.6 | 1,332.1 | 89.5 | 7.2% |
45.6 | 40.9 | 4.6 | -10.3％ | |
The Americas | 1,422.6 | 1,378.0 | -44.6 | -3.1% |
97.4 | 47.4 | -49.9 | -51.3％ | |
Europe | 74.1 | 105.1 | 31.0 | 41.9% |
-1.5 | 3.6 | 5.2 | - | |
Asia-Pacific | 1,594.0 | 1,399.0 | -195.0 | -12.2% |
300.4 | 271.2 | -29.2 | -9.7％ | |
China | 762.1 | 616.9 | -145.2 | -19.1% |
72.5 | 72.4 | -0.1 | -0.2％ | |
Total | 5,095.6 | 4,800.0 | -295.6 | -5.8% |
490.0 | 412.0 | -78.0 | -15.9％ | |
Upper row：N
Lower row：O
（Hundred m Amounts less
References FY2026/3 Forecasts of Information by geographical locations
（yen）
160
140
120
100
80
60%
26.8%
20.8%
21.4%
22.2%
20.9%
20.6%
20.3%
92
72
45
50
45
45
50
50
55
26
28
30
32
34
36
30.8%
39.4%
31.6%
32.2%
33.9%
35.0%
37.4%
51.2%
50%
40%
30%
60
40
20
0
FY2012/3 FY2013/3 FY2014/3 FY2015/3 FY2016/3 FY2017/3 FY2018/3 FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3
Forecasts
20%
10%
0%
References Dividends
（Hundred million yen）
1,000
900
Total dividends Purchase of treasury stock（approved） Total return ratio
800
700
343.3%
600
500
400
300
200
100
29.0%
31.3%
35.9%
34.8%
34.5%
32.8%
66.4%
40.3%
35 40 50 50 50 20 20
68.5%
100 100
127.9%
46.7%
38.0%
44.8%
71.4%
300
800
17 20 20 25
0 44 47 51 54 57 60 74
82 73 72 80 81 89
110
120
FY2012/3 FY2013/3 FY2014/3 FY2015/3 FY2016/3 FY2017/3 FY2018/3 FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3
Forecasts
References
Shareholder ReturnsAverage rate | ||||
1Q of FY2025/3 Results | 1Q of FY2026/3 Results | FY2025/3 Results | FY2026/3 Forecasts | |
USD/Yen | 157.86 | 143.93 | 152.48 | 135.00 |
EUR/Yen | 169.72 | 165.25 | 163.57 | 149.46 |
Indonesia Rupiah/Yen | 0.0098 | 0.0088 | 0.0095 | 0.0081 |
Vietnam 100 Dong/Yen | 0.62 | 0.55 | 0.60 | 0.53 |
Thai Baht/Yen | 4.28 | 4.38 | 4.39 | 4.01 |
Chinese Yuan/Yen | 21.70 | 19.94 | 21.11 | 18.46 |
References Exchange rate
Disclaimer
All forward-looking statements in this document regarding Stanley Electric's plans, forecasts, strategies and other future developments are based on the company's current judgments in light of the information available as of the respective announcement dates and include known or unknown risks and uncertainties. Please be aware that the actual results may differ materially due to various factors, including economic conditions, exchange rates, and market trends. Also note that such information is subject to change without notice.
Therefore, please use this document and material at your own discretion.
Moreover, this document and material have been prepared for the purpose of providing a better understanding of Stanley Electric and are not intended as a solicitation to invest or for any similar purpose. Stanley Electric is not liable for any other damages resulting from the use of this document and material.
This material has been filed with the Tokyo Stock Exchange for disclosure and is also
available on our website.
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