Shoei (7839) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 FY2026 rose 3.0% year-over-year to ¥15,002 million, driven by higher unit prices from a weaker yen, despite a 2.3% decline in units sold.

• Operating income increased 1.3% to ¥4,430 million, and profit attributable to owners of parent grew 3.4% to ¥3,145 million year-over-year.

• Sales in Asia surged 55.7% year-over-year, offsetting declines in Japan (-4.6%) and North America (-33.6%).

Financial highlights

• Net sales increased by ¥440 million year-over-year, reaching ¥15,002 million.

• Operating income grew by ¥57 million to ¥4,430 million, a 1.3% increase.

• Ordinary income rose 4.6% year-over-year to ¥4,543 million.

• Gross profit margin improved as gross profit rose to ¥7,457 million from ¥7,048 million year-over-year.

• Comprehensive income attributable to owners increased to ¥3,818 million from ¥2,746 million year-over-year.

Outlook and guidance

• Full-year forecast remains unchanged: net sales projected at ¥33,950 million, operating income at ¥8,370 million, and net income at ¥5,940 million.

• Company expects weaker yen to continue offsetting lower unit sales, but maintains caution due to ongoing Middle East instability.