COMSYS (1721) Q2 2025 earnings summary

Executive summary

• Orders rose 8.0% year-over-year to ¥325.7B, and revenue increased 7.9% to ¥264.1B, both record highs for the first half.

• Operating income grew 16.1% to ¥16.4B, with net income up 13.8% to ¥10.8B, driven by higher sales and cost efficiencies.

• Strong order backlog (+20.6% YoY) supports confidence in achieving full-year targets.

• The group focused on strengthening its business base, expanding new business areas, and supporting disaster recovery efforts.

Financial highlights

• Gross profit margin improved to 13.2% (+0.5pp YoY); operating margin rose to 6.2% (+0.4pp YoY).

• Progress rates: orders 54.3%, revenue 44.0%, operating income 41.1% toward full-year plan.

• Cash and equivalents increased by ¥17.7B to ¥69.6B at period end.

• Comprehensive income decreased 19.9% YoY to ¥9.6B due to negative other comprehensive income items.

• EPS for the interim period was ¥91.10, up from ¥79.14 in the prior year.

Outlook and guidance

• Full-year targets reaffirmed: revenue ¥600B, operating income ¥40B, with 44% and 41% progress, respectively, at mid-year.

• Net income forecast is ¥27B (−1.7% YoY); no change to previously announced guidance.

• Ongoing focus on business structure reforms and group synergies to support next mid-term plan.