NAURA Technology Group (002371) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥20.16 billion, up 24.90% year-over-year, driven by increased market share in semiconductor equipment and expanded product coverage.

• Net profit attributable to shareholders was ¥3.37 billion, up 5.05% year-over-year, with R&D expenses rising 28.87% to ¥2.677 billion.

• Gross margin declined from 42.17% to 40.07% due to higher component upgrade costs and commercial discounts for large customers.

• Operating cash flow improved significantly to ¥3.77 billion, a 218.25% increase year-over-year, reflecting higher collections from sales.

Financial highlights

• Total assets at June 30, 2026: ¥93.92 billion, up 4.59% from year-end 2025.

• Net assets attributable to shareholders: ¥40.54 billion, up 7.47% from year-end 2025.

• Basic EPS: ¥4.6486; diluted EPS: ¥4.6466.

• Weighted average ROE: 8.58%, down 1.23 percentage points year-over-year.

• Gross margin: 40.07%; operating margin impacted by increased R&D and sales expenses.

Outlook and guidance

• The company will continue to focus on high-end semiconductor equipment, platform-based product strategy, and expanding into new growth areas such as panel-level packaging and third-generation semiconductors.

• Ongoing high R&D investment and business integration are expected to support long-term competitiveness, though short-term profitability may face pressure from market and cost factors.