Galilei (6420) Q2 2026 earnings summary

Executive summary

• Net sales for the first half of FY ending March 31, 2026, reached ¥68,003 million, up 11.5% year-over-year.

• Operating profit rose 15.0% to ¥8,025 million, and net profit attributable to owners increased 11.7% to ¥5,771 million.

• Ordinary profit increased 18.5% to ¥8,410 million.

• Growth was driven by strong demand for energy-efficient refrigerated showcases, food service equipment, and robust service contracts.

Financial highlights

• Gross profit margin improved to 27.9% from 27.0% year-over-year, with gross profit at ¥18,976 million.

• Basic earnings per share was ¥144.05, reflecting a 2-for-1 stock split effective January 1, 2025.

• Equity-to-asset ratio stood at 72.2% as of September 30, 2025.

• Cash and cash equivalents at period end were ¥48,800 million, down from ¥50,748 million a year earlier.

• Net assets reached ¥105,773 million.

Outlook and guidance

• Full-year net sales forecasted at ¥137,734 million, up 5.4% year-over-year.

• Operating profit expected to reach ¥16,923 million, up 2.1% year-over-year.

• Profit attributable to owners of parent forecast at ¥12,189 million.

• Basic earnings per share for the full year is forecast at ¥304.03.

• Year-end dividend forecast raised to ¥81 per share, with a payout ratio of 26.6%.