Happinet (7552) Q2 2026 earnings summary

Executive summary

• Net sales for the first half of FY2025 rose 16.5% year-over-year to ¥196,435 million, with operating profit up 33.5% to ¥8,710 million and profit attributable to owners of parent up 52.1% to ¥6,671 million.

• Earnings per share increased 53.4% year-over-year to ¥303.88.

• Comprehensive income increased 62.0% year-over-year to ¥7,476 million.

Financial highlights

• Gross profit increased to ¥25,039 million year-over-year, with a gross margin of 12.7%.

• Ordinary profit rose 33.9% year-over-year to ¥8,917 million.

• Total assets grew to ¥133,218 million as of September 30, 2025, up from ¥121,452 million at the previous fiscal year-end.

• Net assets per share increased to ¥2,750.89.

• Net cash provided by operating activities was negative ¥1,488 million for the first half of FY2025, compared to positive ¥6,988 million in the prior year.

Outlook and guidance

• The company expects continued growth in net sales and operating profit, supported by strong performance in the toy and amusement segments.

• Full-year net sales projected at ¥390,000 million (up 7.0% year-over-year), with operating profit of ¥11,800 million and profit attributable to owners of parent of ¥7,200 million.

• EPS for the full year is projected at ¥163.28 after a share split, or ¥326.57 without the split.