Hochiki (6745) Q2 2026 earnings summary

Executive summary

• Consolidated net sales for the six months ended September 30, 2025, rose 6.7% year-over-year to ¥48.6 billion, with operating profit up 27.5% and all segments showing growth in revenue and earnings.

• Overseas and stock-model businesses achieved record sales, with overseas sales accounting for 25.5% of total net sales and strong growth in Asia Pacific.

• Orders received increased 10.9% year-over-year, with order backlog up 7.5%, driven by refurbishment, retrofit, and maintenance services.

• All profit metrics showed significant year-over-year growth due to higher sales of profitable services and a focus on order profitability.

• Profit attributable to owners of parent rose 32.0% year-over-year.

Financial highlights

• Operating profit reached ¥4.3 billion (up 27.5% year-over-year), with an operating margin of 8.9% (up 1.4pp year-over-year).

• Ordinary profit was ¥4.4 billion (up 30.1%), and net profit before income taxes grew by ¥1.0 billion to ¥3.3 billion.

• Comprehensive income rose 75.8% year-over-year to ¥3.8 billion.

• Basic earnings per share for the period was ¥121.25, up from ¥91.98 a year earlier.

• Overseas sales grew 9.2% year-over-year to ¥12.4 billion, with Asia Pacific showing the strongest regional growth.

Outlook and guidance

• Full-year net sales forecast is ¥100.9 billion (flat year-over-year), with operating and ordinary profit both projected at ¥10.0 billion (up 4.7% and 2.7%, respectively), and profit attributable to owners of parent at ¥7.2 billion (down 5.9%).

• The company expects continued growth in both domestic and overseas markets, supported by robust construction demand and increasing maintenance needs.

• No changes have been made to the previously announced earnings or dividend forecasts.

• Focus remains on expanding stock-model business and overseas operations, particularly in Asia Pacific and Europe.