AOI Electronics (6832) Q2 2026 earnings summary

Executive summary

• H1 net sales rose 8.6% YoY to ¥19,160m, driven by higher orders for integrated circuits and functional components.

• Operating profit fell 11.8% YoY to ¥475m as raw material costs and R&D expenses for new businesses increased.

• Ordinary profit rose 11.0% YoY to ¥596m, supported by foreign-exchange gains and higher interest income despite increased equity-method investment losses.

• Profit attributable to owners of parent declined 13.6% YoY to ¥414m.

Financial highlights

• Gross profit rose 20.1% YoY to ¥3,335m, from ¥2,777m.

• Comprehensive income increased 17.2% YoY to ¥478m.

• Basic EPS for the six months was ¥36.98, down from ¥42.78 a year earlier.

Outlook and guidance

• FY ending March 2026 forecast: net sales ¥38,800m, operating profit ¥700m, ordinary profit ¥700m, and profit attributable to owners of parent ¥480m.

• Forecast YoY growth: net sales 10.9%, operating profit 59.5%, ordinary profit 67.0%, and profit attributable to owners of parent 169.6%; basic EPS ¥42.86.

• H1 progress against the full-year plan: revenue 49.4%, operating profit 67.9%, ordinary profit 85.1%, and net income 86.3%.

• Full-year dividend forecast unchanged at ¥54.00 per share.