W-SCOPE (6619) Q2 2026 earnings summary

Executive summary

• H1 FY Jan. 26 sales were ¥1,450 million, down ¥27,612 million year-over-year, reflecting a significant slowdown in the European EV market and the deconsolidation of WCP.

• Operating loss widened to ¥-2,868 million in H1 FY Jan. 26, a ¥3,939 million decline year-over-year, as weak sales volumes made it difficult to cover fixed costs.

• Net sales for the interim period ended January 31, 2026, were ¥29,062 million, up 23.6% year-over-year.

• Operating income rose 60.8% to ¥1,070 million compared to the same period last year.

• Net income attributable to owners of parent increased 212.2% to ¥1,280 million year-over-year.

Financial highlights

• H1 FY Jan. 26 sales: ¥1,450 million (down 95% year-over-year).

• H1 FY Jan. 26 operating loss: ¥-2,868 million (vs. ¥1,070 million profit in prior year period).

• H1 FY Jan. 26 net loss: ¥-5,429 million (vs. ¥1,728 million profit in prior year period).

• Ordinary income for the interim period was ¥1,751 million, up 45.9% year-over-year.

• Comprehensive income for the interim period was ¥4,431 million.

Outlook and guidance

• Full-year FY Jan. 26 sales guidance: ¥5.4 billion; operating loss: ¥-4.3 billion; net loss: ¥-7.3 billion.

• Full-year net sales forecast is ¥82,600 million.

• Operating income is projected at ¥4,300 million for the full year.

• Net income attributable to owners of parent is forecast at ¥7,300 million, with EPS of ¥132.91.

• H2 expected to improve with postponed IEM projects and new customer launches in Japan.