HIKARI TSUSHIN (9435) Q2 2026 earnings summary

Executive summary

• Recurring operating profit rose 13.6% year-over-year to ¥92.0 billion for the first half of FY26/3, driven by strong customer acquisition in electricity, insurance, and IT segments.

• Revenue for the six months ended September 30, 2025, rose 11.0% year-over-year to ¥361,695 million, driven by growth in customer contracts across core business segments.

• Net profit for the first half surged 45.9% year-over-year to ¥70,328 million, prompting an upward revision of the full-year net profit forecast to ¥115.0 billion.

• Total equity attributable to owners of parent exceeded ¥1 trillion, up 27% year-over-year, with a 10-year CAGR of 20.7%.

• The company continues to focus on stable, long-term revenue streams and sustainability initiatives, including renewable energy and resource conservation.

Financial highlights

• Revenue for the first half increased 11% year-over-year to ¥361.6 billion, with recurring operating profit up 13% and pre-tax profit up 27%.

• Basic earnings per share increased to ¥1,602.08 from ¥1,092.49 year-over-year.

• Comprehensive income jumped 171% year-over-year to ¥160.1 billion.

• Dividend and interest income grew 15% year-over-year to ¥26.3 billion.

• Cash and cash equivalents at period end were ¥352,887 million.

Outlook and guidance

• Full-year revenue and operating profit forecasts remain at ¥760.0 billion (+10% YoY) and ¥115.0 billion (+9% YoY), respectively.

• Net profit forecast revised upward by ¥15 billion to ¥115.0 billion.

• Dividend per share forecast increased to ¥736, up 11% year-over-year, marking the 15th consecutive annual increase.

• Basic EPS for the full year is projected at ¥2,618.39.