Inabata (8098) Q2 2026 earnings summary

Executive summary

• Operating and ordinary profit reached record highs in 1H FY03/26, despite a 2.1% YoY decline in net sales to ¥412,887 million, mainly due to a strong yen and absence of large equipment sales.

• Profit attributable to owners of parent rose 3.2% YoY to ¥11,953 million, supported by higher ordinary profit.

• Comprehensive income surged 120.2% YoY to ¥17,381 million, reflecting improved valuation differences and foreign currency translation adjustments.

Financial highlights

• Net sales: ¥412.8 billion, down 2.1% YoY; operating profit: ¥14.0 billion, up 1.3% YoY; ordinary profit: ¥14.8 billion, up 5.9% YoY; profit attributable to owners of parent: ¥11.9 billion, up 3.2% YoY.

• Gross profit increased to ¥41,666 million from ¥40,045 million YoY.

• Achievement rates for full-year forecasts: net sales 47.5%, operating profit 55.1%, ordinary profit 58.1%, profit attributable to owners of parent 61.3%.

• Equity ratio remained stable at 47.1% as of September 30, 2025.

• Cash and cash equivalents at period-end were ¥63,121 million, up ¥7,764 million from March 31, 2025.

Outlook and guidance

• Full-year forecast for FY03/26 remains unchanged: net sales ¥870.0 billion, operating profit ¥25.5 billion, ordinary profit ¥25.5 billion, profit attributable to owners of parent ¥19.5 billion, EPS ¥365.86.

• Annual dividend planned at ¥128 per share, marking the eighth consecutive increase.

• Target total return ratio of around 50%.