Aiphone (6718) Q2 2025 earnings summary

Executive summary

• H1 net sales rose 2.7% year-over-year to ¥30,977 million, a record, led by Japanese rental-apartment renewals.

• Operating profit fell 29.9% to ¥2,117 million, ordinary profit fell 40.9% to ¥2,070 million, and profit attributable to owners of parent fell 35.8% to ¥1,694 million.

Financial highlights

• Gross profit increased to ¥13,660 million from ¥13,246 million, while selling, general and administrative expenses rose to ¥11,543 million from ¥10,226 million.

• Earnings per share was ¥103.57, down from ¥161.42 in the prior-year period; comprehensive income declined 77.6% to ¥1,033 million.

• Total assets were ¥74,968 million at September 30, 2024, compared with ¥78,416 million at March 31, 2024.

• Net cash provided by operating activities was ¥2,820 million, down from ¥5,015 million year-over-year.

• Cash and cash equivalents at period-end were ¥23,040 million, compared with ¥19,453 million a year earlier.

Outlook and guidance

• FY2025 forecast unchanged: net sales ¥62,300 million, operating profit ¥4,500 million, ordinary profit ¥5,000 million and profit attributable to owners of parent ¥3,600 million.

• Forecast year-over-year changes are +1.6% for net sales, -14.6% for operating profit and -18.4% for profit attributable to owners of parent; forecast EPS is ¥219.98.

• H1 progress against annual guidance was 49.7% for revenue, 47.1% for operating profit, 41.4% for ordinary profit and 47.1% for net income.

• Guidance retains the initial plan despite yen depreciation, expense timing and potential cost-ratio pressure from slower North American demand.