Tachibana Eletech (8159) Q2 2026 earnings summary

Executive summary

• First-half FY2026 revenue was ¥103,120 million, down 3.4% YoY; operating income was ¥3,058 million, down 23.1%, amid inventory adjustments and restrained investment.

• Ordinary income was ¥3,474 million, down 5.7%, and net income attributable to shareholders was ¥2,689 million, down 4.6%.

• Full-year forecasts and the ¥100 per-share dividend forecast were unchanged, with H2 recovery expected; investments continued in DX, talent, and overseas expansion.

Financial highlights

• Gross profit was ¥13,508 million, down from ¥14,382 million YoY; lower revenue and DX, personnel, and headquarters renovation spending weighed on operating profit.

• Comprehensive income rose 116.1% to ¥5,923 million, mainly on valuation gains in securities and other comprehensive income.

• Cash and cash equivalents at period-end were ¥19,644 million, down ¥777 million from the previous fiscal year-end.

Outlook and guidance

• FY Mar 2026 forecasts: revenue ¥225,000 million (+2.2% YoY), operating income ¥7,500 million (–8.8%), ordinary income ¥8,000 million (–7.9%), and net income attributable to shareholders ¥5,500 million (–21.9%); unchanged.

• H2 recovery is expected; actual results may differ from forecasts due to changes in the business environment and other factors.