Koito Manufacturing (7276) Q2 2026 earnings summary

Executive summary

• Net sales for the first half of fiscal 2025 rose 0.6% year-over-year to ¥446.8 billion, driven by recovery from prior quality issues and new orders in various regions.

• Operating profit increased 9.9% to ¥19.8 billion, ordinary profit rose 14.7% to ¥22.7 billion, and net profit attributable to owners of parent grew 5.0% to ¥11.8 billion year-over-year.

• Comprehensive income surged to ¥28.8 billion from ¥10.2 billion in the prior year period.

Financial highlights

• Gross profit improved to ¥49.1 billion from ¥43.0 billion year-over-year.

• Net income per share increased to ¥42.07 from ¥37.30 year-over-year.

• Cash and cash equivalents at period end rose to ¥140.3 billion, up ¥39.1 billion from the previous fiscal year end.

• Total assets increased to ¥899.3 billion, and net assets to ¥685.1 billion as of September 30, 2025.

Outlook and guidance

• Full-year net sales forecast revised to ¥913.0 billion, a 0.4% decrease year-over-year.

• Operating profit projected at ¥45.0 billion (up 0.3%), ordinary profit at ¥51.0 billion (up 3.8%), but net profit attributable to owners of parent expected to decline to ¥28.0 billion due to absence of prior year extraordinary gains.

• Uncertainty in global auto production persists due to U.S. tariffs, China demand, and geopolitical risks.