SRA Holdings (3817) Q2 2026 earnings summary

Executive summary

• Consolidated net sales for 2Q FY2026 rose 12.0% year-over-year to ¥26,719 million, with operating profit up 6.5% to ¥3,849 million and net profit attributable to owners up 22.6% to ¥2,528 million.

• Ordinary profit increased 27.6% year-over-year to ¥4,008 million.

• Non-consolidated net sales increased 0.8% year-over-year to ¥11,098 million, with operating profit down 5.3% to ¥1,829 million and net profit up 10.8% to ¥2,646 million.

• Comprehensive income declined 26.8% to ¥2,470 million.

Financial highlights

• Gross profit margin remained stable at 24.6% (consolidated), with gross profit increasing to ¥6,568 million from ¥6,181 million year-over-year.

• EPS for the quarter was ¥200.17, up from ¥163.48 in the previous year.

• Cash and cash equivalents at period-end increased to ¥18,423 million from ¥15,734 million year-over-year.

• Total assets as of September 30, 2025, were ¥48,846 million, down from ¥51,448 million at March 31, 2025.

• Net assets rose to ¥32,311 million, with a capital adequacy ratio of 65.4%, up from 59.9% at the previous fiscal year-end.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026: net sales of ¥53,500 million (+3.6% YoY), operating profit of ¥8,300 million (+4.5% YoY), ordinary profit of ¥8,150 million (+0.3% YoY), and profit attributable to owners of parent of ¥4,900 million (+45.1% YoY).

• Basic earnings per share for the full year projected at ¥387.85.

• Annual dividend forecast revised to ¥190.00 per share.

• Orders received decreased 3.8% year-over-year to ¥24,306 million, while backlog declined 6.0% to ¥15,602 million, indicating potential headwinds for future revenue growth.