Inventronics (300582) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥1,148.71 million, up 3.35% year-over-year; net profit attributable to shareholders was ¥21.55 million, reversing a loss in the prior year.

• Core business in LED drivers, sensors, control systems, and modules remained stable, with no major changes in business model or product lines.

• The company continued to deepen cooperation with key global customers and expanded its market share, supported by a global R&D and manufacturing network.

Financial highlights

• Operating income: ¥1,148.71 million (+3.35% YoY); net profit: ¥21.55 million (vs. -¥42.36 million YoY).

• Gross margin for LED drivers was 24.94% (down 3.99pp YoY); LED modules at 26.01% (down 0.51pp YoY).

• Operating cash flow was -¥81.41 million (vs. +¥1.22 million YoY), mainly due to increased cash outflows for staff optimization.

• Total assets at period end: ¥3,075.16 million (-6.06% from year-end 2025); equity attributable to shareholders: ¥897.50 million.

• Basic and diluted EPS: ¥0.07 (vs. -¥0.14 YoY); ROE: 2.40% (vs. -2.93% YoY).

Outlook and guidance

• The company expects continued growth in global LED lighting demand, driven by replacement, energy-saving upgrades, and smart lighting adoption.

• Strategic focus remains on global expansion, product innovation, and supply chain resilience to mitigate geopolitical and raw material risks.