Optorun (6235) investor relations material

Executive summary

• Orders received in 2Q FY12/2026 rose 80% YoY to ¥15.9bn, driven by optical communications, exceeding targets by over ¥5.0bn.

• Net sales for the six months ended June 30, 2026, rose 14.5% YoY to ¥15,853 million, while operating profit declined 1.9% to ¥1,087 million and ordinary profit dropped 35.5% to ¥717 million.

• Sales for 2Q FY12/2026 increased 49% YoY to ¥8.9bn; operating profit rose 64% to ¥576mn, but a net loss of ¥83mn was recorded due to deferred equipment acceptance, equity method losses, and higher deferred taxes.

• Profit attributable to owners of parent was a loss of ¥17 million, compared to a profit of ¥1,105 million in the prior year period.

• Comprehensive income surged to ¥37,044 million from a loss of ¥1,458 million, driven by significant gains in other comprehensive income.

Financial highlights

• 2Q FY12/2026: Sales ¥8.9bn (+49% YoY), OP ¥576mn (+64%), RP ¥431mn (+16%), net loss ¥83mn.

• Gross profit increased to ¥5,210 million from ¥4,559 million year-over-year.

• Total assets grew to ¥140,629 million as of June 30, 2026, up from ¥86,146 million at the end of 2025.

• Net assets at 2Q FY12/2026: ¥93.9bn, with unrealized gains on other securities at ¥37.8bn.

• Cash and cash equivalents at period-end rose to ¥39,095 million from ¥24,877 million a year earlier.

Outlook and guidance

• Full-year FY12/2026 guidance: net sales ¥38.2bn (+13% YoY), operating income ¥6.2bn (+86%), ordinary income ¥7.4bn (+131%), net income ¥5.6bn (+89%).

• Basic earnings per share for the full year forecasted at ¥140.48.

• Smartphone segment FY12/2026 order forecast revised down 15% to ¥12bn due to weak demand for existing products.

• Optical communications segment FY12/2026 order forecast revised up to ¥20bn (5x initial projection) on strong U.S. hyper-scaler demand.

• 3Q FY12/2026 orders expected at ~¥10bn, with continued strength in optical communications.