Rion (6823) Q2 2026 earnings summary

Executive summary

• Q2 FY26 sales rose 4.5% YoY to ¥13,621m, operating profit rose 12.7% to ¥1,984m, and interim net income rose 21.2% to ¥1,451m; all reached record highs.

• Comprehensive income increased 28.7% YoY to ¥1,617m; growth was led by particle counters and environmental instruments, while strategic investment costs weighed on particle-measurement profit.

Financial highlights

• Revenue was ¥13,621m, up 4.5%; gross profit was ¥6,813m, up from ¥6,740m, and SG&A fell 3.0% to ¥4,828m.

• Operating profit was ¥1,984m, up 12.7%; ordinary profit was ¥2,031m, up 12.7%; interim net income was ¥1,451m, up 21.2%.

• Net income growth benefited from comparison with prior-year costs to rebuild an employee welfare facility; extraordinary losses this period were ¥38m, mainly from retirement of non-current assets.

• Net cash from operating activities was ¥2,246m, versus ¥2,149m a year earlier.

Outlook and guidance

• FY26 guidance: revenue ¥28,900m (+3.7%), operating profit ¥4,400m (+9.1%), ordinary profit ¥4,400m (+7.1%), and net income ¥3,150m (+10.1%); all forecast at record highs.

• FY26–FY28 forecasts show revenue rising from ¥28,900m to ¥30,700m, operating profit from ¥4,400m to ¥4,850m, and net income from ¥3,150m to ¥3,400m.

• FY31 targets: revenue of at least ¥35bn, operating margin of at least 15%, and ROE of at least 10%.