Ryoden (8084) Q2 2026 earnings summary

Executive summary

• Net sales for the first half of FYE2026 were ¥102.1 billion, down 6.9% year-over-year, while profit attributable to owners of the parent rose 12.2% to ¥2.17 billion, driven by improved profitability and extraordinary profit from cross-shareholding sales.

• Operating profit was nearly flat year-over-year at ¥2.43 billion, exceeding the company’s plan by 35.2%; ordinary profit declined 2.3% to ¥2.67 billion.

• Comprehensive income dropped 60.8% year-over-year to ¥1,295 million.

• X-Tech segment turned profitable, and domestic in-vehicle electronics and Taiwan solution business showed strong sales.

Financial highlights

• Net sales: ¥102.1 billion for 1H FYE2026, down from ¥109.6 billion in 1H FYE2025.

• Operating profit: ¥2.43 billion, nearly unchanged from the previous year.

• Ordinary profit: ¥2.67 billion, down ¥64 million year-over-year.

• Net income: ¥2.17 billion, up ¥236 million year-over-year.

• Cash and cash equivalents at period end were ¥38.7 billion, up from ¥26.2 billion a year earlier.

Outlook and guidance

• Full-year net sales forecast revised slightly downward to ¥215 billion; operating and ordinary profit projections unchanged; net income forecast to increase.

• Dividend forecast for FYE2026 is ¥136 per share (¥68 interim, ¥68 year-end).

• Medium-term plan targets operating profit margin of 5%+ and ROE of 10%+ by FYE2029.