PILLAR (6490) Q2 2025 earnings summary

Executive summary

• Consolidated sales for Q2 FY2024 increased 1.6% year-over-year to 28,534 million yen, marking a record high, while operating income declined 15.5% to 5,825 million yen due to higher depreciation, one-time costs, and lower facility utilization.

• Net income dropped 24.8% year-over-year to 3,887 million yen, and EPS fell to 166.71 yen.

• Comprehensive income decreased 46.3% year-over-year to 3,336 million yen.

• Interim dividend set at 54 yen per share, with a full-year forecast of 125 yen per share.

• The business environment showed gradual domestic recovery but was challenged by global economic uncertainties, inflation, and geopolitical risks.

Financial highlights

• Operating income ratio decreased from 24.6% to 20.4% year-over-year.

• Ordinary income fell 22.9% to 5,754 million yen.

• Gross profit for the period was 11,259 million yen, down from 11,821 million yen year-over-year.

• Earnings per share for the six months were 166.71 yen, compared to 221.86 in the prior year.

• Cash and cash equivalents increased to 19,751 million yen as of September 30, 2024.

Outlook and guidance

• Full-year forecast remains unchanged: sales of 62 billion yen (+5.8% YoY), operating income of 13 billion yen (-8.5% YoY), and net income of 9 billion yen (-16.5% YoY).

• Order recovery expected in the second half, with focus on productivity and cost reduction.

• Annual dividend forecast at 125 yen per share, payout ratio 32.4%.

• Annual dividend forecast is 125 yen per share, with a second quarter-end dividend of 54 yen.