Hosiden (6804) Q2 2026 earnings summary

Executive summary

• Net sales for H1 FY2025 increased by 111.3% year-over-year to ¥245.4 billion, with operating profit up 1.6% to ¥8.10 billion and profit attributable to owners of parent rising 38.0% to ¥6,108 million.

• Comprehensive income declined 24.7% year-over-year to ¥4,545 million due to negative foreign currency translation adjustments.

• Net sales more than doubled, but operating income growth was limited by sharp yen appreciation.

Financial highlights

• H1 FY2025 sales: ¥245.4 billion, up from ¥116.2 billion in H1 FY2024.

• Operating profit for H1 FY2025: ¥8.10 billion, up from ¥7.97 billion in H1 FY2024.

• Ordinary profit increased 51.2% year-over-year to ¥9,588 million.

• Basic earnings per share rose to ¥120.03 from ¥85.50 in the prior year period.

• Gross profit for the period was ¥12,874 million, with a gross margin of approximately 5.2%.

Outlook and guidance

• Full-year net sales forecast is ¥440.0 billion, up 77.7% year-over-year, with operating profit projected at ¥16.0 billion (+17.9%) and profit attributable to owners of parent at ¥12.0 billion (+19.6%).

• Basic earnings per share for the full year is forecast at ¥235.79.

• Dividend payout ratio is targeted at 30%, with an annual dividend forecast of ¥50.00 per share.

• Exchange rate assumption updated to 150 yen/USD for the full year.