Taiyo Holdings (4626) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 13.2% year-over-year to ¥67,830 million, with operating income up 22.2% to ¥15,187 million and profit attributable to owners of parent up 19.7% to ¥11,022 million.

• Net sales rose 9% year-over-year and 8% quarter-over-quarter, driven by increased demand in electronics and medical/pharmaceuticals segments.

• Full-year forecast revised upward, with net income and operating income expected to exceed previous guidance.

• Interim dividend increased by ¥20 per share; stock split (1:2) to be implemented December 1, 2025.

• Medium-term management plan targets significant growth by FY2031/3, with ambitious sales and profit goals.

Financial highlights

• 1H FY2026/3 net sales: ¥59,899 million (+13% YoY); operating income: ¥12,430 million (+22% YoY); net income: ¥9,209 million (+20% YoY).

• EBITDA for 1H: ¥16,986 million (+15% YoY); operating margin: 21%; EBITDA margin: 28%.

• Electronics segment 1H net sales: ¥46,346 million (+9% YoY); operating income: ¥13,794 million (+15% YoY).

• Medical & Pharmaceuticals 1H net sales: ¥18,451 million (+22% YoY); operating income: ¥2,426 million (+161% YoY).

• Gross profit for the six months was ¥32,580 million, up from ¥28,883 million year-over-year.

Outlook and guidance

• FY2026/3 full-year net sales forecast revised to ¥128,800 million (+2% vs. prior); operating income to ¥26,900 million (+9%).

• Net income forecast raised to ¥18,400 million (+15% vs. prior); EBITDA to ¥35,500 million.

• Full-year net sales forecast for FY2026 is ¥128,800 million, up 8.2% year-over-year, with operating income projected at ¥26,900 million (up 21.9%) and profit attributable to owners of parent at ¥18,400 million (up 70.7%).

• Basic earnings per share for the full year is forecast at ¥165.46 post-split; ¥330.92 pre-split.

• Dividend forecast revised, with a year-end dividend of ¥72.50 per share post-split (¥145.00 pre-split).