Roland (7944) Q2 2025 earnings summary

Executive summary

• H1 sales and operating profit decreased year-over-year, but profit attributable to owners rose 5.9% due to a transitory tax effect.

• Excluding FX impact, sales and profit increased and were in line with internal plans.

• Tariff impact expected to fully materialize, but no material operational or financial impact anticipated due to mitigation strategies.

• Interim dividend maintained at JPY85 per share; no revision to full-year earnings or dividend forecast.

• The business environment was marked by global economic uncertainty, U.S. tariff policy changes, and currency fluctuations.

Financial highlights

• FY12/2025 Q2 sales: JPY45.8bn, down 1.9% YoY; excluding FX, up 0.9%.

• Operating profit: JPY3.8bn, down 13.6% YoY; net income: JPY3.9bn, up 5.9% YoY (transitory tax effect).

• EBITDA: JPY5.3bn, down 9.6% YoY; gross margin stable at 43.1%.

• Ordinary profit was JPY3.7bn, down 3.3% YoY; comprehensive income dropped to JPY1.4bn from JPY8.3bn YoY.

• Basic EPS rose to JPY146.43 from JPY134.05 YoY.

Outlook and guidance

• Full-year sales forecast: JPY96.9–100.9bn; operating profit: JPY8.1–10.1bn; net income: JPY5.7–7.2bn.

• No change in interim or year-end dividend forecast (JPY85 per share each; JPY170 full year).

• More granular full-year forecast to be disclosed with Q3 results; any revisions will be announced as needed.