SWCC Corporation (5805) Q2 2026 earnings summary

Executive summary

• Net sales increased 9.8% year-over-year to ¥128.9 billion in Q2 FY2025, driven by strong growth in Communication and Components and Power Infrastructure businesses.

• Operating profit rose 11.9% year-over-year to ¥11.7 billion, with improved profitability in key segments.

• Profit attributable to owners surged 104.1% year-over-year to ¥7.3 billion.

• Full-year forecasts were revised upward, reflecting robust H1 performance and continued demand in growth areas.

Financial highlights

• Q2 FY2025 net sales: ¥128.9 billion (up 9.8% YoY); operating profit: ¥11.7 billion (up 11.9% YoY); ordinary profit: ¥11.3 billion (up 59.3% YoY); profit attributable to owners: ¥7.3 billion (up 104.1% YoY).

• Basic earnings per share for the period was ¥246.88, compared to ¥121.13 in the prior year.

• Comprehensive income reached ¥7,396 million, a 49.3% increase year-over-year.

• Free cash flow improved to ¥3.2 billion in Q2 FY2025, supported by higher profit and better working capital management.

Outlook and guidance

• Full-year net sales forecast revised to ¥270.0 billion (up 13.5% YoY); operating profit to ¥26.0 billion (up 24.2% YoY); profit attributable to owners to ¥16.0 billion (up 40.3% YoY).

• Basic earnings per share for the full year is expected to be ¥540.44.

• Dividend forecast raised to ¥200 per share (payout ratio ~37%).

• H2 expected to see recovery in construction cables and further expansion in Power Infrastructure, Communication, and Mobility businesses.