Airman (6364) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, reached a record high, rising 2.6% year-over-year to ¥27,866 million, despite challenges from high raw material and logistics costs and labor shortages.

• Operating profit declined 3.2% year-over-year to ¥3,452 million due to lower profit margins from a higher overseas sales ratio and increased SG&A expenses, but ordinary profit and profit attributable to owners rose 7.5% and 8.5%, respectively, aided by foreign exchange gains.

• The company launched a new three-year medium-term management plan, focusing on overseas construction machinery and domestic industrial machinery as core growth areas, with reforms and organizational restructuring planned.

Financial highlights

• Net sales: ¥27,866 million (+2.6% YoY); Operating profit: ¥3,452 million (−3.2% YoY); Ordinary profit: ¥3,661 million (+7.5% YoY); Profit attributable to owners: ¥2,562 million (+8.5% YoY).

• Basic earnings per share increased to ¥93.22 from ¥84.96 year-over-year.

• Comprehensive income rose to ¥3,114 million from ¥2,983 million year-over-year.

Outlook and guidance

• Full-year forecasts remain unchanged: Net sales projected at ¥55,000 million (+1.2% YoY), operating profit at ¥6,920 million (+7.1% YoY), ordinary profit at ¥7,000 million (+2.5% YoY), and profit attributable to owners at ¥4,870 million (+2.2% YoY).

• Annual dividend forecast is ¥60 per share, with an interim dividend of ¥20 per share already resolved.