Ochi Holdings (3166) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 2.7% year-over-year to ¥58,529 million, driven by corporate acquisitions despite a challenging housing market and economic uncertainties.

• Operating profit fell 2.5% year-over-year to ¥675 million, while ordinary profit increased 2.2% to ¥971 million and profit attributable to owners of parent rose 6.6% to ¥545 million.

• Acquisitions of Yumita Construction Co., Ltd., Hit-il Co., Ltd., and Japan System Solution Co., Ltd. expanded the group into new segments, including software development.

Financial highlights

• Net sales: ¥58,529 million (+2.7% year-over-year); operating profit: ¥675 million (-2.5% year-over-year); gross profit: ¥8,404 million; comprehensive income: ¥742 million (+62.1% YoY).

• Basic earnings per share improved to ¥41.89 from ¥39.43 year-over-year.

• Cash and cash equivalents at period-end were ¥14,924 million, down 0.1% from the previous fiscal year-end.

• Engineering Business and Other segments posted strong growth, while Construction Materials and Pre-cut Lumber saw declines.

Outlook and guidance

• FY2026 forecast: Net sales expected at ¥125,000 million (+6.8% YoY), operating profit at ¥1,700 million (+15.6%), ordinary profit at ¥2,200 million (+14.0%), profit attributable to owners at ¥1,200 million (+15.3%), and EPS ¥92.30.

• Growth driven by full-year consolidation of Yumita Construction Co., Ltd. and new software subsidiary.