Starts Corporation (8850) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 8.9% year-over-year to ¥118,584 million, with operating profit up 6.3% to ¥16,019 million and ordinary profit up 11.4% to ¥16,549 million.

• Profit attributable to owners of parent declined 9.9% year-over-year to ¥10,836 million, and comprehensive income decreased 11.5% to ¥10,846 million.

• Basic earnings per share for the period were ¥224.96, down from ¥242.14 in the prior year.

Financial highlights

• Gross profit increased to ¥38,757 million from ¥36,641 million year-over-year, while selling, general and administrative expenses rose to ¥22,738 million.

• Total assets as of September 30, 2025, were ¥335,881 million, with net assets at ¥185,911 million and an equity-to-asset ratio of 54.3%.

• Cash and cash equivalents at period end were ¥84,265 million, down from ¥86,913 million a year earlier.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2026, is ¥250,000 million, up 7.3% year-over-year.

• Operating profit and ordinary profit are both projected to rise 7.3% to ¥35,000 million and ¥34,500 million, respectively.

• Profit attributable to owners of parent is forecast at ¥23,500 million, with basic EPS of ¥487.83.

• Annual dividend forecast is ¥130.00 per share.