Aiphone (6718) Q2 2026 earnings summary

Executive summary

• H1 FY3/26 net sales were ¥30,210 million, down 2.5% YoY; domestic growth was outweighed by a sharp North American decline.

• Operating profit fell 57.9% to ¥891 million, and profit attributable to owners of parent declined 49.5% to ¥855 million, as lower sales, weaker mix, and higher development and personnel costs pressured earnings.

Financial highlights

• Revenue was ¥30,210 million, down 2.5% YoY and 0.6% below plan; domestic sales rose 4.0% while overseas sales fell 17.8%.

• Operating profit was ¥891 million, down 57.9% YoY and 18.9% below plan; ordinary income was ¥960 million, down 53.5%.

• Interim profit attributable to owners was ¥855 million, down 49.5% YoY; gross profit was ¥12,634 million and basic EPS was ¥52.29.

• Comprehensive income increased 47.2% YoY to ¥1,520 million, driven by other comprehensive income items including foreign currency translation adjustments.

• Total assets were ¥77,476 million at September 30, 2025, and the equity-to-asset ratio was 86.4%.

Outlook and guidance

• FY3/26 guidance was maintained: revenue ¥65,400 million (+3.3% YoY), operating profit ¥4,500 million (+18.0%), ordinary income ¥5,000 million (+20.1%), and net income ¥3,700 million (+2.2%).

• Planned operating margin is 6.9%, versus 6.0% in FY3/25; guidance assumes USD/JPY 148, EUR/JPY 162, and THB/JPY 4.30.

• Price revision benefits are expected to become substantial from mid-H2; plans prioritize higher-margin domestic renewal sales as R&D and wage costs rise.

• Annual dividend forecast remained ¥130 per share.