Yamaichi Electronics (6941) Q2 2026 earnings summary

Executive summary

• 1H FY2025 net sales were ¥26,739 million, down 3.0% YoY, and operating income was ¥6,418 million, down 6.1%; profit attributable to owners of parent rose 13.7% to ¥4,651 million.

• FY2025 guidance was raised to record net sales of ¥47,700 million and operating income of ¥9,300 million, up 5.3% and 13.1% YoY.

• Comprehensive income was ¥4,919 million, up 47.4% YoY.

Financial highlights

• 1H ordinary income was ¥6,493 million, up 5.4% YoY; EPS was ¥252.22 versus ¥200.77 a year earlier.

• Actual 1H net sales of ¥26,739 million, operating income of ¥6,418 million and net profit of ¥4,651 million exceeded forecasts of ¥25.3bn, ¥6.0bn and ¥4.0bn, respectively.

• Gross profit was ¥11,191 million and gross margin was 41.8%; operating margin was 24.0%.

• Total assets were ¥55,757 million and the equity ratio was 74.4%, versus ¥53,389 million and 74.0% at the prior fiscal year-end.

Outlook and guidance

• FY2025 forecast was raised from the Aug. 5 outlook: net sales to ¥47.7bn from ¥47.4bn, operating income to ¥9.3bn from ¥8.5bn, and net profit to ¥6.4bn from ¥5.5bn.

• FY2025 ordinary income is forecast at ¥9.1bn and EPS at ¥347.44; forecast exchange rates are ¥145.50/$ and ¥161.50/€.

• FY2025 dividend forecast was revised upward to ¥105 per share.

• FY2025 is expected to be a development year for new TS products planned for FY2026 launch; automotive electronics and wearable test sockets are targeted for sales growth.

• FY2023–FY2025 cumulative forecast is ¥129.4bn net sales and ¥20.4bn operating income, 93.1% and 81.8% of Fourth Medium-Term Management Plan targets.