Kikusui Holdings (6912) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of FY2025 rose 4.0% year-over-year to ¥5,945 million, driven by strong domestic demand in GX, automotive, and semiconductor sectors despite overseas investment restraint.

• Operating profit increased 9.6% year-over-year to ¥833 million, and net profit attributable to shareholders rose 14.9% to ¥596 million.

• Focused on growth markets such as aerospace, batteries, CASE automotive, and ICT, with proactive solution-based sales and cost reduction efforts, emphasizing carbon neutrality and electrification.

Financial highlights

• Gross profit margin improved to 52.9% from 52.6% year-over-year.

• Operating margin reached 14.0%, up from 13.3% in the prior year.

• EPS for the period was ¥71.92, up from ¥62.05 in the prior year.

• Comprehensive income decreased 60.3% year-over-year to ¥275 million.

• R&D investment was ¥594 million, representing 10.0% of sales.

Outlook and guidance

• Full-year revenue forecast is ¥12,800 million, up 2.5% from the previous year.

• Operating profit is projected at ¥1,930 million (+4.1%), and net profit at ¥1,310 million (+0.7%).

• Dividend forecast remains unchanged at ¥47 per share.

• No changes to previously announced full-year guidance.