FP Corporation (7947) Q2 2026 earnings summary

Executive summary

• H1 FY26 sales reached a record ¥119,460 million, up 4.0% YoY; operating profit rose 43.6% to ¥9,296 million and parent-attributable profit rose 48.1% to ¥6,425 million.

• Sales set a record for the 11th consecutive year and ordinary profit also reached a record, supported by price revisions and profitable eco-friendly and weight-reduced products.

Financial highlights

• H1 ordinary profit was ¥9,346 million, up 43.3% YoY; gross profit rose to ¥37,832 million from ¥33,784 million, while SG&A increased to ¥28,536 million from ¥27,311 million.

• Q2 net sales increased 3.2% YoY to ¥61,646 million; operating profit rose 25.3% to ¥5,366 million and parent-attributable profit rose 25.5% to ¥3,621 million.

• H1 comprehensive income was ¥7,033 million, up 52.1% YoY; net income per share was ¥79.47.

• Ordinary profit increased ¥2.83 billion YoY; price revisions contributed ¥4.50 billion and sales quantity/product mix improvement ¥0.61 billion.

Outlook and guidance

• Revised FY26 guidance: sales ¥242,570 million versus ¥245,300 million originally; operating profit ¥21,610 million versus ¥19,790 million, ordinary profit ¥21,500 million versus ¥19,600 million, and net profit ¥14,700 million versus ¥13,170 million.

• FY26 forecast EPS is ¥181.78; forecast YoY growth is 2.9% for sales, 17.0% for operating profit, 16.5% for ordinary profit and 17.7% for parent-attributable profit.

• Annual dividend forecast increased to ¥71.50 per share, including an interim dividend of ¥31.50 and planned year-end dividend of ¥40.00.

• FY ordinary profit bridge includes ¥2.25 billion from material prices, ¥4.90 billion from sales efforts and ¥1.49 billion from production improvements, offset by labor, distribution and other costs.