Tsugami (6101) Q2 2026 earnings summary

Executive summary

• Achieved record-high revenue and profit for the six months ended September 30, 2025, with revenue at ¥60,054 million, up 20.6% year-over-year, and operating profit at ¥15,208 million, up 53.4% year-over-year, despite ongoing uncertainty in China and other markets.

• Upward revision of full-year forecasts for revenue and profit based on strong order trends and robust interim results.

• Strong growth in China and India, while Japan and South Korea saw revenue declines.

Financial highlights

• Six-month revenue: ¥60.0 billion, up 20.6% year-over-year; operating profit: ¥15.2 billion, up 53.4%; profit attributable to owners: ¥7.1 billion, up 48.4%.

• Gross profit for the period was ¥21,823 million, up from ¥16,744 million year-over-year.

• Full-year revenue forecast: ¥115.0 billion, up 7.1% year-over-year; operating profit forecast: ¥27.0 billion, up 15.8%; profit attributable to owners forecast: ¥12.5 billion, up 14.7%.

• Basic EPS for six months: 153.40 yen; full-year forecast: 269.09 yen.

• Total assets increased to ¥130,122 million from ¥127,306 million at the previous fiscal year-end.

Outlook and guidance

• Full-year revenue and profit forecasts revised upward due to favorable order trends.

• Dividend forecast raised to 72 yen per share, up 8 yen from initial guidance.