Aida Engineering (6118) Q2 2026 earnings summary

Executive summary

• Net sales increased 3.2% year-over-year in 2Q FY2026 to ¥38,688 million, driven by higher service sales and the HMS acquisition.

• Operating income rose 6.8% year-over-year to ¥3,076 million, supported by improved gross margins and product mix.

• Net income attributable to owners of parent grew 12.4% year-over-year to ¥2,637 million, reflecting higher sales and profitability.

• Orders received declined 10.8% year-over-year to ¥31,904 million, with order backlog down 10.7% from the previous fiscal year-end, mainly due to sluggish EV investment and US trade policy uncertainty.

Financial highlights

• Gross profit for the six months was ¥8,697 million (+7.7% YoY); ordinary income increased 17.6% YoY to ¥3,159 million; comprehensive income surged 76.4% YoY to ¥3,592 million.

• Net assets per share as of September 30, 2025, were ¥1,507.15, up from ¥1,452.01 at the previous year-end.

• Gross profit ratio improved to 22.5% (+0.9pt YoY); operating income ratio at 8.0% (+0.3pt YoY).

• Orders for presses fell 10.8% YoY; service sales and US subsidiary consolidation offset declines.

Outlook and guidance

• FY2026 full-year net sales forecast revised upward to ¥80,000 million (+5.3% YoY), factoring in acquisitions and yen depreciation.

• Operating income forecast at ¥5,800 million (+4.9% YoY); net income expected to decrease 5.9% YoY due to absence of prior year’s special gains.

• Orders projected to rise 11.8% YoY, with recovery in 2H and acquisition effects.

• Dividend forecast remains unchanged at ¥37.00 per share.

• Forecast revision reflects yen depreciation and the acquisition of Dallas Industries, offset by delays and cancellations in press sales.