Roland (7944) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2026, rose 12.9% year-over-year to ¥51,697 million, with operating profit up 16.0% to ¥4,437 million, despite higher costs from U.S. tariffs and SG&A expenses, offset by price optimization and favorable FX effects.

• Profit attributable to owners of parent declined 18.3% year-over-year to ¥3,199 million due to prior-year one-off tax timing effects, despite higher sales and operating profit.

• Comprehensive income surged to ¥4,563 million, up 233.7% year-over-year, mainly due to foreign currency translation gains.

• Full-year forecast remains unchanged, expecting higher sales and profit, with cost increases to be offset by pricing, lower tariffs, and FX.

• Interim dividend set at ¥85 per share, matching the initial forecast.

Financial highlights

• Net sales for FY12/2026 Q2 reached ¥51.7bn, up 12.9% year-over-year.

• Operating profit was ¥4.4bn, up 16.0% year-over-year.

• Net profit attributable to owners was ¥3.2bn, down 18.3% year-over-year due to prior-year one-off tax timing effects.

• EBITDA increased 11.5% year-over-year to ¥5.9bn.

• Gross profit increased to ¥21,667 million from ¥19,756 million year-over-year.

• Basic earnings per share for the period were ¥121.27, down from ¥146.43 in the prior year.

• Equity ratio improved to 51.5% from 49.2% at the previous fiscal year-end.

• Cash and cash equivalents at period-end were ¥16,771 million, up ¥894 million from the previous year-end.

• FX impact on sales was approximately +¥4.4bn.

Outlook and guidance

• Full-year forecast for 2026 remains unchanged: net sales of ¥106,400 million (up 5.4% year-over-year), operating profit of ¥10,000 million (up 6.2%), and profit attributable to owners of parent of ¥7,200 million (up 232.1%).

• Cost increases, especially in semiconductor memory, are expected to be offset by price optimization and lower U.S. tariffs.

• Dividend and year-end payout forecasts remain unchanged, with annual dividend forecast at ¥170 per share.