Uchida Yoko (8057) Q2 2026 earnings summary

Executive summary

• Achieved record increases in sales, operating income, ordinary income, and net income for the first half of FY2025, with revenue up 42.9% year-over-year and net income up 78.4%.

• Growth driven by strong demand in government and education ICT, GIGA School Initiative, Windows 10 upgrades, and private sector IT upgrades.

• Continued expansion in subscription-based software licensing and cloud-based office solutions.

• All profit items reached record highs despite higher SG&A expenses from human capital investment.

Financial highlights

• Sales rose to ¥174,081 million (+42.9% YoY); operating income reached ¥5,481 million (+51.5% YoY); ordinary income was ¥6,054 million (+48.9% YoY); net income attributable to owners was ¥4,894 million (+78.4% YoY).

• Gross profit increased by 15.9% year-over-year to ¥26,345 million.

• SG&A expenses rose 9.2% year-over-year.

• Basic earnings per share for the interim period was ¥99.28, reflecting a stock split adjustment.

• Comprehensive income reached ¥6,170 million, up 197% year-over-year.

Outlook and guidance

• FY2025 full-year projections anticipate record sales of ¥418,000 million (+24.0% YoY) and operating income of ¥15,400 million (+26.5% YoY).

• Net income for FY2025 is projected at ¥10,800 million (+9.9% YoY), with EPS of ¥219.02 (stock split adjusted).

• Dividend per share to rise to ¥66, up ¥6 from the previous year (stock split adjusted).

• Ordinary profit forecasted at ¥16,300 million (+24.2% YoY).