Eiwa (9857) Q2 2026 earnings summary

Executive summary

• Revenue for the second quarter/six months ended September 30, 2025, increased by 5.1% year-over-year to ¥21,217 million, with operating profit up 4.9% to ¥1,140 million and ordinary profit up 5.0% to ¥1,173 million.

• Net income attributable to shareholders decreased by 6.7% to ¥774 million, mainly due to the absence of prior-year special gains.

• Sales were robust in the chemical, steel, and shipbuilding sectors, offsetting declines in electric power and manufacturing machinery.

• The company focused on deepening relationships with existing customers and investing in DX, GX, and social infrastructure.

Financial highlights

• Revenue: ¥21,217 million (+5.1% YoY); Operating profit: ¥1,140 million (+4.9% YoY); Ordinary profit: ¥1,173 million (+5.0% YoY); Net income: ¥774 million (−6.7% YoY).

• Gross profit rose 3.5% YoY to ¥3,686 million.

• EPS for the interim period was ¥122.41, down from ¥131.14 in the prior year.

• Comprehensive income increased 21.8% YoY to ¥836 million.

• Cash and equivalents at period-end: ¥6,692 million, up ¥596 million from prior year.

Outlook and guidance

• Full-year revenue forecast is ¥48,500 million (+2.9% YoY), with operating profit projected at ¥2,860 million (+2.6% YoY) and net income at ¥1,960 million (+0.3% YoY).

• No change to previously announced earnings guidance.

• Continued growth expected in shipbuilding and social infrastructure, with some softness in chemical and steel investment demand.