Asahi Yukizai (4216) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, were 39.8 billion yen, down 4.5% year-over-year, with operating profit at 4.4 billion yen and profit attributable to owners of parent at 3.0 billion yen.

• Comprehensive income dropped sharply to 797 million yen, an 87.7% decrease year-over-year.

• Project delays in semiconductor manufacturing construction in the U.S. and postponed capital investment for FPDs in China impacted results.

• No changes to full-year forecast: net sales of 80 billion yen and operating profit of 7.5 billion yen.

• Medium-term plan targets 120 billion yen in net sales and 20 billion yen in operating profit by FY2030.

Financial highlights

• Gross profit for the period was 15.25 billion yen, down from 16.63 billion yen a year earlier.

• Ordinary profit decreased 23.4% year-over-year to 4.4 billion yen.

• Basic earnings per share for the six months were 160.31 yen, compared to 200.69 yen in the prior year.

• Equity-to-asset ratio as of September 30, 2025, was 75.5%.

• Profit attributable to owners of parent declined 21.1% to 3.0 billion yen.

Outlook and guidance

• Full-year forecast maintained: net sales of 80 billion yen, operating profit of 7.5 billion yen, and EPS of 272 yen.

• Full-year net sales forecast is 80 billion yen, a 6.1% decrease year-over-year.

• Annual dividend per share forecast is 120 yen, up from 110 yen in the previous year.

• FY2030 targets: net sales of 120 billion yen, operating profit of 20 billion yen, ROIC 10%, ROE 15%.

• Long-term prospect for around 2035: net sales of 200 billion yen, operating profit of 40 billion yen.