Ebara (6361) Q2 2026 earnings summary

Executive summary

• Orders, revenue, operating profit, and profit attributable to owners reached record highs for the first half of FY26, driven by strong AI-related demand and large-scale projects in Precision Machinery and Energy segments.

• Upward revisions to consolidated orders and revenue forecasts reflect robust demand, especially in Precision Machinery, and steady growth in Energy and Building Service & Industrial.

• The company launched E-Plan2028, a new three-year medium-term management plan focused on global competitiveness and profitability.

• The impact from the Middle East situation is expected to be limited and already factored into forecasts; no major damage from the Kumamoto earthquake, though supply chain impacts are under assessment.

Financial highlights

• 1H FY26 orders rose 41.0% year-over-year to ¥636.3B; revenue increased 9.4% to ¥490.8B; operating profit up 1.2% to ¥50.7B; profit attributable to owners up 7.1% to ¥33.6B.

• Basic EPS for 1H FY26 was ¥73.54, up 8.4% year-over-year.

• Operating profit margin declined by 0.9pts to 10.3% year-over-year.

• Total comprehensive income for 1H FY26 was ¥44.1B, up 102.2% year-over-year.

• Orders, revenue, and operating profit all exceeded plan.

Outlook and guidance

• FY26 full-year orders forecast raised to ¥1,245.0B (+31.1% YoY); revenue to ¥1,053.0B (+9.9% YoY); operating profit maintained at ¥125.0B (+9.8% YoY); profit attributable to owners at ¥99.5B (+29.8% YoY).

• Precision Machinery full-year revenue forecast raised to ¥425.0B (+24.2% YoY); operating profit to ¥77.0B (+33.3% YoY).

• Energy segment revenue forecast at ¥205.0B (-5.9% YoY); operating profit at ¥18.0B (-30.6% YoY), reflecting ongoing challenges.

• Dividend per share forecast at ¥66.0 (+11.9% YoY).

• Impact of the July 2026 Kumamoto Earthquake is under assessment and not yet reflected in forecasts.