Noda (7879) Q2 2026 earnings summary

Executive summary

• H1 FY Nov 2026 revenue was ¥31,916 million, down 0.2% YoY; operating and ordinary losses widened, while interim net income turned positive on investment-security sale gains.

• Weak housing demand, higher input and logistics costs, and geopolitical risks challenged performance; rising plywood prices and resilient wooden rental-housing demand provided partial support.

Financial highlights

• Operating loss was ¥341 million versus ¥32 million profit; ordinary loss was ¥613 million versus ¥100 million loss.

• Interim net income attributable to owners was ¥231 million versus a ¥367 million loss; net income per share was ¥15.01 versus a loss of ¥23.47, aided by investment-security sale gains.

• Total assets were ¥71,200 million, down ¥1,607 million from prior year-end; net assets were ¥39,120 million.

• Cash and equivalents declined ¥1,376 million to ¥17,454 million.

Outlook and guidance

• FY Nov 2026 guidance remained unchanged: revenue ¥65,000 million, operating income ¥600 million, ordinary income ¥500 million, and net income attributable to owners ¥200 million.

• H2 priorities include price revisions, cost reduction, productivity gains, securing raw materials, and improving delivery efficiency; flooring and MDF price increases began in June and door-product increases in July.

• Pricing for building materials and MDF was planned for Q3 to offset rising costs; plywood prices were to be maintained at appropriate levels.