Forecasts
Forecasts (FY2026)
（million of yen）
2025/12 |
2026/12 Forecasts |
Increase/ Decrease |
Increase/ Decrease(%) |
|
| Net Sales | 85,071 |
91,000 |
5,928 |
7.0% |
| Operating Income | 16,638 |
18,500 |
1,861 |
11.2% |
| Ordinary Income | 16,699 |
18,500 |
1,800 |
10.8% |
| Net Income | 11,761 |
13,690 |
1,928 |
16.4% |
Regarding domestic and global economic conditions in 2026, the overall economy is expected to remain on a moderate recovery path amid easing inflationary trends and adjustments in monetary policy. However, a high level of uncertainty is likely to persist due to prolonged geopolitical risks, concerns over a slowdown in the Chinese economy, and uncertainty surrounding U.S. trade and industrial policies. Under these circumstances, corporate capital investment and consumer purchasing behavior are expected to vary by region and sector, and the pace of recovery is likely to remain moderate.
In markets related to the Group’s businesses, demand for high value-added products—particularly mirrorless cameras—in the interchangeable-lens camera market is expected to remain solid, while the decline in digital single-lens reflex (DSLR) cameras is anticipated to continue. As a result, although significant growth in unit volumes is unlikely, revenues are expected to remain resilient, supported by an increasingly sophisticated product mix. The interchangeable lens market is also expected to follow a similar trend.
In the industrial markets, the surveillance camera market is expected to perform steadily, supported by advances in urban infrastructure and solid security demand in offices, commercial facilities, and other settings. In addition, the vehicle-mounted camera market is expected to maintain a medium- to long-term growth trend, driven by the continued expansion of advanced driver assistance systems (ADAS) amid progress toward autonomous driving and stricter safety regulations.
Against this backdrop, the Group expects a recovery in performance driven by an increased pace of new product launches of its own-brand interchangeable lenses for mirrorless cameras. The Group also anticipates a recovery in demand for FA camera lenses as customer inventory adjustments are resolved, a rebound in the camera module business as delays in new product launches are addressed, andcontinued solid performance in the automotive and medical lens businesses. In parallel, the Group will steadily pursue strategic investments aimed at creating future business opportunities and achieving sustainable medium- to long-term growth.
Based on these assumptions, the Group forecasts consolidated results for the fiscal year ending December 31, 2026, with net sales of ¥91.0 billion (up 7.0% year on year), operating income of ¥18.5 billion (up 11.2%), ordinary income of ¥18.5 billion (up 10.8%), and profit attributable to owners of parent of ¥13.6 billion (up 16.4%).
This forecast is based on assumed exchange rates of ¥148 to the U.S. dollar and ¥175 to the euro.