HIRAYAMA HOLDINGS (7781) Q2 2026 earnings summary

Executive summary

• Achieved year-over-year increases in revenue and profit, driven by domestic production recovery, strong insourcing/dispatch demand, and improved production efficiency.

• Strategic investments in expanding locations and workforce to support future growth.

Financial highlights

• Revenue: ¥28,035 million (+4.3% YoY); Operating profit: ¥1,507 million (+50.4% YoY); Ordinary profit: ¥1,562 million (+48.3% YoY); Net profit attributable to shareholders: ¥957 million (+41.6% YoY).

• EPS: ¥124.91 (vs. ¥88.60 YoY); Comprehensive income: ¥992 million (+43.5% YoY).

• Gross profit margin improved to 20.0% from 18.2% year-over-year.

• Free cash flow for the interim period: ¥1,212 million.

• Total assets: ¥12,835 million; Net assets: ¥5,606 million; Equity ratio: 43.5%.

Outlook and guidance

• Full-year forecast unchanged: Revenue ¥37,770 million (+4.3% YoY), Operating profit ¥1,341 million (+3.7% YoY), Net profit attributable to shareholders ¥883 million (+2.9% YoY), EPS ¥115.33.

• 15 consecutive years of revenue growth expected.

• Continued growth expected in rubber products, electronics/semiconductors, and defense sectors.

• Overseas business expected to recover, with dispatch staff in Thailand increasing to 2,234 as of March 2026.