IHI Corporation
2026 Operating Results for the First Quarter Consolidated IFRS Financial Results Explanation Materials
Consolidated results for the first quarter of 2026 were announced. Orders were 360.7 billion yen (YoY down 63.6 billion yen), net sales were 374.5 billion yen, operating income was 73.2 billion yen, and net income attributable to owners of the parent was 53.5 billion yen. In the outlook section, expansion of new engine sales and strengthened cost structure are the pillars, with the full-year outlook continuing to be updated. Segment-wise movements in engines, SG&A, and profits are shown.
Key Figures
- Orders: 3,607億円（YoY -636億円）
- Net sales: 3,745億円（YoY +367億円）
- Operating income: 732億円（YoY +523億円）
AI要約
Overview of Performance
For the first quarter of the 2026 fiscal year, the consolidated results were: orders 3,607億円, net sales 3,745億円, operating income 732億円, and net income of 535億円. Compared with the previous year, orders declined while net sales and profits improved significantly. The performance was supported by the engine-related core segment and effective control of SG&A costs. The outlook incorporates expansion of new engine sales and cost-reduction effects, indicating a potential update to the full-year earnings outlook. The segment-by-segment breakdown and the impact of each measure are depicted in the accompanying charts.
Outlook and Drivers
Based on the first quarter results for 2026, the plan is to raise and maintain the full-year performance through expanded sales of new engine products, domestic carbon solutions initiatives, and expansion of LC B (Lead Cylinder Block) in engines, with ongoing attention to changes in procurement and SG&A structure and the impact of new product launches. The financial position remains solid, and efforts to improve capital efficiency will continue.
Net Sales Trend
Operating Income Trend
Segment Net Sales Composition
Forecast vs Actual
IHI Corporation
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