JGC (1963) Q2 2026 earnings summary

Executive summary

• Strong performance in Total Engineering, with major projects executed domestically and internationally.

• Functional Materials Manufacturing delivered stable results.

• Net sales for H1/2Q FY2025/2026 were ¥381.2B, down 6.3% year-over-year; operating profit rose 26.9% to ¥15.77B.

• Ordinary profit increased 9.2% to ¥21.1B; profit attributable to owners of parent declined 8.7% to ¥11.66B.

• Comprehensive income surged 78.3% year-over-year to ¥29.76B.

Financial highlights

• Gross profit improved to ¥30.28B from ¥27.37B year-over-year.

• Earnings per share for H1/2Q FY2025/2026 were ¥48.24, down from ¥52.87 in the prior year.

• Total assets increased to ¥791.7B as of September 30, 2025; equity ratio rose to 51.9%.

• Cash and cash equivalents at period end: ¥304.1B.

• Profit attributable to owners of parent declined 9% to ¥11.6B.

Outlook and guidance

• Full-year FY2025/2026 net sales forecast at ¥770.0B, operating profit at ¥28.0B, and profit attributable to owners of parent at ¥28.0B.

• Ordinary profit forecast at ¥38.0B, up 235.7% year-over-year.

• EPS expected at ¥115.83.

• Annual dividend per share maintained at ¥40.00.

• ROE for FY2025 expected around 7%, below the cost of equity.