Fujitec (6406) Q2 2025 earnings summary

Executive summary

• Achieved record-high orders, net sales, operating income, ordinary income, and EPS for the fiscal first half, with strong performance in Japan, South Asia, and the Americas/Europe, offsetting declines in East Asia due to China's real estate recession.

• Launched the "Move On 5" mid-term business plan, targeting ¥325 billion in net sales and a 13.5% operating margin by FY2028, with new product launches and efficiency initiatives.

• Major deliveries included 102 elevators/escalators to Shibuya Sakura Stage in Tokyo and a record renovation order in Hong Kong.

• Aftermarket Business expanded across all segments, with maintenance units up 5% year-over-year.

Financial highlights

• Net sales rose 9.1% year-over-year to ¥116.8 billion; operating income grew 5.6% to ¥8.86 billion; ordinary income was flat at ¥10.72 billion.

• Profit attributable to owners of parent increased 6.2% to ¥8.20 billion; EPS reached 105.08 yen.

• Gross profit increased to ¥26.67 billion from ¥24.22 billion year-over-year.

• Free cash flow improved to ¥24.6 billion, up ¥13.6 billion year-over-year.

• Cash and cash equivalents at period-end rose to ¥55.4 billion, up ¥19.8 billion year-over-year.

Outlook and guidance

• FY2025 forecast maintained: net sales ¥245 billion (+6.8%), operating income ¥18.1 billion (+24.2%), profit attributable to owners ¥16 billion (–10.3%), EPS ¥205.03.

• No changes to previously announced earnings forecasts.