COMSYS (1721) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, increased by 2.3% year-over-year to ¥270,366 million, with operating profit up 9.7% to ¥18,041 million and net profit attributable to owners up 16.7% to ¥12,655 million.

• Orders received declined by 1.3% year-over-year to ¥321.5 billion, but contract backlogs rose 4.6% to ¥316.1 billion, indicating a healthy pipeline.

• Comprehensive income increased 64.3% year-over-year to ¥15,841 million.

• Large-scale project orders are expected in the social system-related field for the full year.

• Progress rates toward full-year targets: net sales at 43.6%, operating profit at 40.1%, and net profit at 40.8%.

Financial highlights

• Gross profit margin improved by 0.6 percentage points year-over-year to 13.8%.

• Operating margin rose to 6.7% from 6.2% a year earlier.

• Net profit margin increased to 4.7% from 4.1% year-over-year.

• Ordinary profit rose 9.5% year-over-year to ¥18,832 million.

• EPS for the period was ¥108.10, up from ¥91.10 in the prior year.

Outlook and guidance

• Full-year targets for FY March 2026: net sales ¥620,000 million, operating profit ¥45,000 million, and net profit ¥31,000 million.

• No changes to the previously announced earnings forecast.

• First-half progress rates suggest the company is on track to meet annual goals.

• Management notes that actual results may differ materially from forecasts due to various factors.