Okano Valve Mfg (6492) Q2 2025 earnings summary

Executive summary

• Revenue increased 12.2% year-over-year to ¥4,229 million for the six months ended May 31, 2025, driven by strong sales in both valve manufacturing and maintenance for domestic and overseas power plants.

• Operating profit was ¥760 million, down 0.3% year-over-year, while ordinary profit was ¥825 million, down 1.3% year-over-year.

• Net income attributable to shareholders was ¥589 million, a 1.0% decrease year-over-year.

Financial highlights

• Gross profit rose to ¥1,437 million from ¥1,292 million year-over-year.

• Total assets increased to ¥14,300 million, up ¥90 million from the previous fiscal year-end.

• Equity ratio improved to 82.4% from 78.7% at the previous year-end.

• Cash and cash equivalents at period-end were ¥4,450 million.

Outlook and guidance

• Full-year revenue forecast is ¥6,928 million, with operating profit of ¥920 million and net income of ¥700 million for the 10-month transitional period ending September 30, 2025.

• No revision to previously announced earnings or dividend forecasts.

• The company expects continued demand for nuclear and thermal power plant valves and maintenance, with steady progress on major projects.