Cosel reports Q1 net sales decline and operating loss

Cosel Co., Ltd. announced consolidated financial results for the three months ended August 20, 2025 (Q1 FY2026), reporting a net sales decline of 39.6% year-on-year to 5,075 million yen. This drop led to an operating loss of 389 million yen, a stark contrast to the 578 million yen operating profit in Q1 FY2025. Ordinary profit also shifted to a loss of 79 million yen from a 464 million yen profit, with a loss attributable to owners of parent of 68 million yen, down from a 293 million yen profit in the prior year.

The company's financial position showed total assets decreasing by 758 million yen to 59,239 million yen as of August 20, 2025, compared to May 20, 2025. This was primarily due to a reduction in notes and accounts receivable and inventories. Total net assets were 55,189 million yen, down 646 million yen, maintaining an equity-to-asset ratio of 93.2%.

Looking ahead, Cosel reiterated its financial forecast for the fiscal year ending May 20, 2026, with no revisions. The company projects half-year net sales of 14,728 million yen, operating profit of 628 million yen, and ordinary profit of 713 million yen, leading to a profit attributable to owners of parent of 406 million yen. Full-year forecasts include net sales of 33,325 million yen, operating profit of 2,626 million yen, and ordinary profit of 2,793 million yen.