Glodon Company (002410) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was ¥2.61 billion, down 6.12% year-over-year; net profit attributable to shareholders was ¥200 million, down 15.53% year-over-year.

• The company accelerated AI-driven product upgrades, expanded into new business areas and overseas markets, and maintained stable renewal rates for core products.

• Digital cost, construction, and design businesses all faced revenue declines, but gross margins improved, and overseas business grew 1.58% year-over-year.

• Significant investment in R&D and AI integration continued, with a focus on platformization and global expansion.

Financial highlights

• Operating revenue: ¥2,613 million, down 6.12% year-over-year.

• Net profit attributable to shareholders: ¥200 million, down 15.53% year-over-year.

• Gross margin for software business: 88.82%, up 1.03 percentage points year-over-year.

• Operating cash flow: -¥352 million, improved from -¥554 million year-over-year.

• R&D investment: ¥773 million, stable year-over-year.

• Basic EPS: ¥0.1223, down 15.19% year-over-year.

Outlook and guidance

• Focus on cost management, platform upgrades, and AI-driven product innovation to stabilize core business and drive new growth.

• Plans to expand digital cost, construction, and design solutions, accelerate overseas market penetration, and deepen AI integration.

• No interim dividend, bonus shares, or capital increase from reserves planned for H1 2026.