HIMACS (4299) Q2 2026 earnings summary

Executive summary

• H1 FY3/26 net sales rose 1.5% YoY to ¥8,949m, while operating profit fell 15.2% to ¥682m.

• Ordinary profit declined 14.0% to ¥697m, and profit attributable to owners of parent fell 14.7% to ¥472m.

• DX-related revenue was ¥2,238m, or 25.0% of sales, meeting the stated target.

Financial highlights

• Gross profit was ¥1,733m, down 4.0%; gross margin was 19.4% versus 20.5% a year earlier.

• Operating margin was 7.6% versus 9.1%; ordinary income margin was 7.8% and interim net income margin was 5.3% versus 6.3%.

• Comprehensive income fell 17.1% YoY to ¥452m; basic EPS decreased to ¥40.70 from ¥47.86.

• Revenue growth and improved selling prices added ¥118m to operating income; higher subcontractor rates and personnel costs reduced it by ¥190m, while higher SG&A reduced it by ¥50m.

• Net assets were ¥12,005m at September 30, 2025; cash and cash equivalents were ¥8,735m, up from ¥8,040m a year earlier.

Outlook and guidance

• FY3/26 forecast: net sales ¥20,000m (+10.7%), operating profit ¥1,820m (+0.7%), ordinary profit ¥1,838m (+0.9%), and profit attributable to owners of parent ¥1,245m (-3.7%).

• Forecast operating, ordinary, and net margins are 9.1%, 9.2%, and 6.2%, respectively; EPS is ¥107.20, and H1 sales reached 44.7% of the annual forecast.

• FY3/26 annual dividend is forecast at ¥46 per share, up ¥1 YoY, with interim and year-end dividends of ¥23 each and a 42.9% payout ratio.