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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
AlphaPolis
AlphaPolis (9467) investor relations material
AlphaPolis Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary13 Nov, 2025
Executive summary
Net sales for the second quarter reached 7,989 million yen, with ordinary profit at 1,716 million yen (consolidated) and 1,807 million yen (non-consolidated), marking significant year-on-year growth.
Profit attributable to owners of parent was 1,029 million yen (consolidated) and 1,120 million yen (non-consolidated) for 2Q.
This is the first period of consolidated financial statements, including the newly consolidated WHITE FOX Co., Ltd.
E-book and manga sales saw substantial growth due to sales expansion measures and anime adaptations, hitting record highs on a non-consolidated basis.
Multiple TV anime adaptations of popular titles contributed to business momentum.
Financial highlights
Non-consolidated net sales increased by 25.8% year-on-year to 7,989 million yen; ordinary profit rose by 16.5% to 1,807 million yen.
Operating profit was 1,695 million yen; ordinary profit was 1,716 million yen.
Gross profit margin improved to 76.6% from 75.4% year-on-year.
Manga sales, highly compatible with e-books, grew 31.0% year-on-year, accounting for 75.6% of net sales.
Basic earnings per share: 35.43 yen.
Outlook and guidance
The company withdrew its previous non-consolidated forecast and issued a consolidated earnings forecast for FY2025: net sales of 17,100 million yen, operating profit of 3,720 million yen, ordinary profit of 3,760 million yen, and profit attributable to owners of parent of 2,330 million yen.
WHITE FOX's results will be included in consolidated P/L from 3Q onward.
Dividend forecast for FY ending March 31, 2026: 24.00 yen per share.
What is the goodwill amount from the consolidation?
Why is H2 forecast stronger than H1 performance?
Why is operating cash flow lower than net profit?
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Next AlphaPolis earnings date
Q3 202613 Feb, 2026
AlphaPolis
Next AlphaPolis earnings date
Q3 202613 Feb, 2026
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