Hioki EE (6866) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2025, increased by 4.7% year-over-year to ¥19,538 million, while operating profit declined by 1.5% to ¥3,293 million.

• Ordinary profit dropped 9.4% year-over-year to ¥3,273 million, and profit attributable to owners of parent decreased 12.3% to ¥2,297 million.

• Comprehensive income for the period was ¥2,206 million, down 26.3% from the previous year.

Financial highlights

• Gross profit rose to ¥10,043 million from ¥9,141 million year-over-year, but selling, general, and administrative expenses increased to ¥6,750 million.

• Basic earnings per share for the six months was ¥169.74, down from ¥191.82 in the prior year.

• Total assets as of June 30, 2025, were ¥45,822 million, with net assets at ¥40,680 million and an equity-to-asset ratio of 88.8%.

• Net cash provided by operating activities was ¥2,234 million, while cash and cash equivalents at period end were ¥14,656 million.

Outlook and guidance

• Full-year 2025 forecast projects net sales of ¥41,430 million (up 5.5% year-over-year), operating profit of ¥7,530 million (up 0.1%), and profit attributable to owners of parent of ¥5,840 million (down 5.6%).

• Basic earnings per share for the full year is forecast at ¥431.50.

• No revisions to previously announced forecasts.