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Orion Breweries (409) investor relations material
Orion Breweries Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the first half of FY2026 were ¥15.78bn, with operating profit at ¥2.72bn, both increasing year-over-year and exceeding plan, aided by extraordinary income from the sale of Orion Hotel Naha and treasury share acquisition effects on EPS.
Profit attributable to owners was ¥2.54bn, with EPS at ¥62.35, boosted by asset sales.
Both Alcoholic & Beverages and Tourism & Hotel segments showed steady performance, with profitability driven by price increases and operational improvements.
Financial highlights
1H FY2026 net sales: ¥15.78bn (105% YoY, 100% vs. plan); operating profit: ¥2.72bn (129% YoY, 109% vs. plan); EBITDA: ¥3.51bn (117% YoY, 106% vs. plan).
Net profit attributable to owners: ¥2.54bn (167% YoY, 110% vs. plan); EPS: ¥62.35 (223% YoY).
Total assets decreased to ¥43.91bn from ¥50.88bn at prior year-end; net assets at ¥17.84bn.
EBITDA margin (excl. liquor tax) improved to 26.8% from 24.4% YoY.
All sales areas grew YoY; outside prefecture, overseas, and licensing outperformed plan.
Outlook and guidance
Full-year FY2026 plan unchanged: net sales ¥30.1bn (104% YoY), operating profit ¥3.95bn (113% YoY), EBITDA ¥5.52bn (106% YoY), dividend per share ¥40.
Adjusted net income (excl. one-time factors) expected to rise YoY, despite lower real estate gains.
Impact from Asahi GHD's system failure estimated at ¥400mn in sales, with recovery measures in place to maintain guidance.
Progressing toward mid/long-term targets: revenue CAGR (excl. liquor tax) ~5%, EBITDA margin ~24%, ROE ~15%.
Full-year profit attributable to owners forecast at ¥3.31bn, EPS ¥81.01.
- TimeTickerHeadlineOpen
- 9412
Profits and equity improved, with upward revisions to full-year forecasts and new subsidiaries added. - NVDA
AI is transforming enterprises by enabling intent-driven innovation and technology-first strategies. - DNLM
H1 sales up 3.6% to £926m; digital mix 41%; PBT to hit lower end of consensus. - CRW
Double-digit growth, strong cash flow, and new leadership drive confidence for FY25. - 7011
Strong revenue and profit growth in FY2025, with raised guidance and key divestiture impact. - 8053
Profit attributable to owners dipped 1.9% despite higher revenues and strong FX gains. - 323410
Strong growth in customers, profits, and deposits, with stable asset quality and global milestones. - 3407
Net income rose 22.7% year-over-year, with improved financials and a revised upward forecast. - RYM
Refreshed strategy targets NZD 150m cash flow uplift, NZD 500m cash release, and resumed dividends by FY 2028. - 9101
Profits fell across most segments, but energy shipping and a major acquisition stood out.
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