ERI Holdings (6083) Q2 2026 earnings summary

Executive summary

• H1 FY2026 net sales rose 26.7% YoY to ¥11,368.6m; operating profit increased 268.6% to ¥2,082.6m and attributable profit rose 273.9% to ¥1,268.3m.

• Sluggish housing starts and Building Confirmation volumes contrasted with increased Housing Performance Evaluations and energy-standard evaluations after the April 2025 Building Standards Act revision.

Financial highlights

• Ordinary profit was ¥2,088.9m versus ¥601.2m; profit before tax was ¥2,088.9m versus ¥621.8m.

• Gross profit was ¥4,169.4m versus ¥2,842.0m; SG&A declined to ¥2,086.8m from ¥2,276.9m.

• EPS was ¥167.68 versus ¥44.17; net cash from operating activities was ¥3,061.6m versus ¥428.5m, with period-end cash of ¥7,518.3m.

• Operating profit margin rose to 18.3% from 6.3%; ordinary profit margin increased to 18.4% from 6.7%.

Outlook and guidance

• FY2026 net sales forecast was raised to ¥24,000m from ¥22,700m; operating and ordinary profit forecasts each increased to ¥4,500m from ¥2,800m.

• Attributable profit forecast rose to ¥2,800m from ¥1,700m, and EPS forecast to ¥372.17 from ¥223.61; H1 results reported forecasts unchanged at these revised levels.

• Forecast operating and ordinary profit margins increased to 18.8% from 12.3%.