Stanley Electric (6923) Q2 2026 earnings summary

Executive summary

• Net sales for 1H FY2026/3 rose 1.8% year-over-year to 248.47 billion yen, exceeding forecasts by 8.0%.

• Operating income declined 3.8% year-over-year to 18.46 billion yen, but surpassed forecasts by 19.1%.

• Net income attributable to owners fell 10.7% year-over-year to 10.16 billion yen, but was 23.9% above forecast.

• Comprehensive income rebounded to 25.07 billion yen from a loss of 3.28 billion yen in the prior year period.

• Dividend forecast was raised to 100 yen per share, up 28 yen from the previous year.

Financial highlights

• Ordinary income for 1H FY2026/3 was 21.99 billion yen, up 0.3% year-over-year and 22.2% above forecast.

• Net income per share was 69.37 yen, down 2.6% year-over-year but 26.2% above forecast.

• Gross profit increased to 49.09 billion yen from 46.22 billion yen year-over-year.

• Total assets stood at 754.00 billion yen as of September 30, 2025, up from 749.61 billion yen at March 31, 2025.

• Equity-to-asset ratio declined to 58.6% from 64.8% at fiscal year-end.

Outlook and guidance

• Full-year net sales forecast revised upward to 500.0 billion yen, a 4.2% increase from previous guidance.

• Full-year operating income forecast raised to 45.0 billion yen, up 9.2% from prior forecast.

• Net income attributable to owners forecast at 31.4 billion yen, up 17.2% from previous guidance.

• Net income per share forecast at 225.52 yen, a 25.5% increase from prior guidance.

• Earnings forecast was revised upward from June 2025, supported by yen depreciation and easing U.S. tariff impacts.