Zuken (6947) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 2.0% year-over-year to ¥19,454 million, with operating profit up 2.1% to ¥2,371 million and ordinary profit up 19.1% to ¥2,958 million.

• Profit attributable to owners of parent increased 28.7% year-over-year to ¥2,095 million, and comprehensive income surged 37.4% to ¥2,190 million.

• Net income per share for the period was ¥97.37, up from ¥73.16 in the prior year.

Financial highlights

• Gross profit increased to ¥13,582 million from ¥13,349 million year-over-year, with a slight rise in cost of sales.

• Operating profit margin remained stable, while ordinary profit benefited from higher non-operating income, especially equity method gains.

• Total assets were ¥63,412 million as of September 30, 2025, with net assets at ¥39,755 million and a shareholders' equity ratio of 62.7%.

• Cash and cash equivalents at period end were ¥26,694 million, down from ¥27,224 million at the start of the period.

Outlook and guidance

• Full-year net sales are forecast at ¥43,000 million, up 5.6% year-over-year, with operating profit projected at ¥5,600 million and profit attributable to owners of parent at ¥4,450 million (down 14.9% year-over-year).

• Net income per share for the full year is forecast at ¥209.00.

• Year-end dividend forecast is ¥150 per share, including a ¥100 commemorative dividend for the 50th anniversary.