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Musashi Seimitsu Industry (7220) investor relations material
Musashi Seimitsu Industry Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for FY2025 2nd quarter were ¥168,545 million, down 2.8% year-over-year, while operating profit rose 8.4% to ¥8,498 million and net income increased 45.8% to ¥4,332 million.
EBITDA improved to ¥17,100 million (10.2% margin), and ordinary profit grew 27.4% to ¥7,964 million.
The company faced a challenging global environment, with slowing BEV demand, strong HEV growth, and ongoing tariff and geopolitical risks, but maintained strong orders for core products and expanded in China and emerging markets.
Sales declined mainly in Europe and Asia, but Americas and Japan showed slight increases.
The Energy Solution segment scaled up hybrid supercapacitor production for AI data centers and restructured its organization to accelerate growth.
Financial highlights
Operating profit margin improved from 4.5% to 5.0% year-over-year.
Net income margin rose from 1.7% to 2.6%.
Gross profit increased to ¥25,675 million from ¥24,842 million year-over-year, with gross margin improvement.
Free cash flow for the period was ¥5,700 million, with ending cash and deposits at ¥37,583 million.
Basic earnings per share increased to ¥66.11 from ¥45.37 year-over-year.
Outlook and guidance
Full-year forecast: net sales ¥330,000 million (down 5.0% YoY), operating profit ¥21,000 million (+6.5%), net income ¥11,000 million (+41.3%), EBITDA ¥40,000 million (+3.6%).
Dividend forecast maintained at ¥50 per share.
Capex planned at ¥30,000 million, up significantly from previous year.
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