Canare Electric (5819) Q2 2025 earnings summary

Executive summary

• Achieved record-high revenue and strong profit growth in the first half of FY2025, with revenue rising 7.0% year-over-year to ¥6,452 million, driven by domestic NHK Broadcasting Center projects and overseas sales in the US, China, and Europe.

• Operating income increased 39.1% to ¥893 million, and net income attributable to shareholders rose 28.7% to ¥646 million year-over-year.

• Overseas sales growth in the US, China, and Europe offset declines in Korea and Southeast Asia.

Financial highlights

• Revenue rose to ¥6,452 million (+7.0% YoY), operating income to ¥893 million (+39.1% YoY), ordinary income to ¥933 million (+29.7% YoY), and net income attributable to shareholders to ¥646 million (+28.7% YoY).

• Gross profit for the period was ¥2,813 million, up from ¥2,519 million year-over-year.

• Net income per share was ¥94.78, up from ¥73.87 in the prior year.

• Total assets increased to ¥19,882 million, and equity ratio improved to 92.1%.

Outlook and guidance

• No revisions to previously announced full-year forecasts; FY2025 revenue projected at ¥12,920 million (+4.3% YoY), operating income at ¥1,430 million (+3.0% YoY), net income at ¥1,050 million (+1.1% YoY), and EPS forecasted at ¥154.05.

• Dividend forecast remains unchanged at ¥57 per share for the year.