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PHC (6523) investor relations material
PHC Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating profit forecast was revised upward by JPY 2.6 billion, with annual dividend forecast maintained, despite JPY 6.8 billion FX losses through Q2 and a net loss attributable to owners.
Revenue remained stable year-over-year, with growth in Diabetes Management and Healthcare Solutions offsetting declines in Diagnostics & Life Sciences due to FX and weak US demand.
CGM business transfer is in final negotiation stages, expected to close January 2026, with impact included in forecasts.
Interim dividend set at JPY 21 per share, with annual forecast maintained at JPY 42 per share.
Financial highlights
Interest-bearing debt decreased by JPY 7.6 billion to JPY 247.7 billion; cash and cash equivalents fell by JPY 6.3 billion in Q2.
Operating profit rose 12.7% year-on-year to JPY 10,378 million; adjusted EBITDA increased 4.2% to JPY 24,260 million.
Net cash provided by operating activities was JPY 12.1 billion; capital expenditure JPY 4.4 billion; financial cash flow outflow JPY 17.6 billion.
ROE for the quarter was 4.2%, reflecting a year-on-year decrease in profit attributable to owners.
Profit attributable to owners revised to JPY 4.4 billion, down JPY 3 billion after tax adjustments.
Outlook and guidance
Full-year revenue forecast remains at JPY 363,100 million, with operating profit revised upward to JPY 20,000 million.
FX rates assumed at JPY 171/EUR and JPY 146/USD; full-year outlook stable with unchanged dividend forecast.
No impairment loss required after recent test; risk of impairment is lower than previously.
Tariff impact for the year expected at JPY 1–1.5 billion, with mitigation measures ongoing.
Segment guidance: Diabetes Management revised upward, Healthcare Solutions and Diagnostics & Life Sciences revised downward.
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