Taikisha (1979) Q2 2026 earnings summary

Executive summary

• Orders received, net sales, and profits reached record highs for the first half of FY2025, driven by robust capital investment in semiconductors, automobiles, and data centers, despite global economic slowdown concerns.

• Sales for the six months ended September 30, 2025, rose 13.8% year-over-year to ¥130,469 million, with operating income up 66.9% to ¥10,470 million and net income attributable to owners of parent up 31.7% to ¥7,469 million.

• Comprehensive income increased to ¥8,591 million from ¥6,342 million year-over-year.

• Revised FY2025 forecasts expect sales and all profit items to exceed original projections, even as Green Technology System Business orders fall short due to project delays.

Financial highlights

• 2Q FY2025 orders received: ¥181.4bn (+41.5% QoQ); net sales: ¥130.4bn (+13.8% QoQ); ordinary income: ¥11.0bn (+55.9% QoQ); profit attributable to owners: ¥7.4bn (+31.7% QoQ).

• Gross profit margin improved to 18.5% in 2Q FY2025 from 15.7% in 2Q FY2024; gross profit on completed construction contracts increased to ¥24,179 million from ¥17,954 million YoY.

• Operating income for 2Q FY2025 was ¥10.4bn, up from ¥6.2bn YoY; ordinary income rose 55.9% YoY to ¥11,036 million.

• EPS (diluted) for the period was ¥116.46, up from ¥86.93, reflecting a 2-for-1 share split effective April 1, 2025.

• Equity capital ratio improved to 56.2% as of September 30, 2025, from 55.2% at March 31, 2025.

Outlook and guidance

• FY2025 revised forecasts: orders received ¥346.5bn, net sales ¥286.7bn, operating income ¥19.0bn, ordinary income ¥20.0bn, profit attributable to owners ¥13.5bn.

• Full-year sales forecast is ¥286,700 million, up 3.8% YoY, with operating income projected at ¥19,000 million (+5.7%) and net income attributable to owners of parent at ¥13,500 million (+22.4%).

• EPS for the full year is forecast at ¥210.47.

• Both Green Technology and Paint Finishing segments are expected to see YoY order increases, with record highs anticipated.

• ROE projected at 9.0% for FY2025, with a medium-term target of 10%.