SHIMAMURA (8227) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended August 20, 2025, rose 3.9% year-over-year to ¥343,577 million, with operating income up 0.2% to ¥31,461 million and net income attributable to owners up 3.6% to ¥22,901 million, all reaching record highs.

• Gross profit margin increased by 0.4pt year-over-year, but operating margin declined by 0.3pt due to a higher SG&A ratio.

• Comprehensive income increased 8.7% year-over-year to ¥24,142 million.

Financial highlights

• Gross profit: ¥119,788 million, up 5.0% year-over-year; gross margin at 34.9%.

• Operating income: ¥31,461 million, up 0.2% year-over-year; operating margin at 9.2%.

• Net income attributable to owners: ¥22,901 million, up 3.6% year-over-year.

• Net income per share: ¥311.56.

• Total assets: ¥584,637 million, up 5.9% from previous year.

Outlook and guidance

• FY2/26 net sales forecast: ¥692,640 million, up 4.1% year-over-year.

• Operating income forecast: ¥60,690 million, up 2.4% year-over-year.

• Profit attributable to owners forecast: ¥42,858 million, up 2.3% year-over-year.

• Annual dividend per share expected to be ¥205.