Tachibana Eletech (8159) Q2 2025 earnings summary

Executive summary

• First-half FY25 revenue was ¥106,798 million, down 7.0% YoY; operating profit was ¥3,976 million, down 31.2%, and net profit was ¥2,817 million, down 37.5%.

• FY25 guidance was cut to revenue of ¥220,000 million, operating profit of ¥8,400 million, ordinary profit of ¥8,500 million, and net income of ¥6,500 million.

• Economic uncertainty and weak China demand weighed on FA Systems and Semiconductor Devices; automation and digitalization initiatives continued.

Financial highlights

• First-half ordinary profit was ¥3.6bn, versus ¥6.5bn in the prior-year period.

• Comprehensive income was ¥2,740 million, down 57.6% YoY; interim EPS was ¥118.53 versus ¥183.35.

• Operating profit margin declined as gross profit and operating profit fell YoY.

• Cash and cash equivalents at period-end were ¥16,149 million, up ¥2,111 million from the previous year-end.

Outlook and guidance

• FY25 forecast: revenue ¥220,000 million, operating profit ¥8,400 million, ordinary profit ¥8,500 million, net income ¥6,500 million, and EPS ¥273.43.

• Guidance was lowered from revenue of ¥228.0bn, operating profit of ¥10.0bn, ordinary profit of ¥10.1bn, and net income of ¥7.0bn.

• Prioritize swift responses to supply-demand changes, customer investment plans, and production information; accelerate office automation and cost reductions.

• Continue the final-year NEW C.C.J2200 plan, running through FY26.