Noritsu Koki Co (7744) Q2 2026 earnings summary

Executive summary

• Revenue and profit for 1H FY12/26 exceeded forecasts, rising 47.8% year-over-year to ¥82,495 million, driven by business growth, the weak yen, and the consolidation of SENQCIA.

• Operating profit increased 64.7% to ¥18,292 million and profit attributable to owners of parent rose 70.8% to ¥12,402 million.

• All major business segments contributed to higher revenue, with notable gains in Audio Equipment/Peripherals and Parts/Materials.

• Comprehensive income for the period reached ¥12,179 million, a significant increase from ¥1,308 million in the prior year.

• Despite strong 1H results, full-year forecasts remain unchanged due to uncertainties in supply chains and geopolitical risks.

Financial highlights

• 1H FY12/26 revenue rose 47.8% year-over-year to ¥82,495 million; operating EBITDA up 65.1% to ¥22,269 million.

• Operating profit increased 64.7% to ¥18,292 million; net profit up 70.9% to ¥12,404 million.

• Gross profit increased from ¥28,194 million to ¥41,034 million year-over-year for the first half.

• Basic earnings per share rose to ¥116.36 from ¥68.17 year-over-year.

• All key metrics surpassed 1H forecasts, with operating profit at 151.2% of target and net profit at 159.0%.

Outlook and guidance

• Full-year FY12/26 revenue forecast at ¥167,600 million (+40.6% YoY); operating EBITDA at ¥35,500 million (+38.0% YoY).

• Operating profit projected at ¥26,000 million (+24.9% YoY); net profit at ¥16,800 million (+7.4% YoY); basic EPS at ¥156.43.

• Initial full-year guidance maintained due to risks in semiconductor procurement, Middle East instability, and tariff policies.