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Results6523PHC Holdings CorporationElectric appliances and precision instruments

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS]

For the interim period of the fiscal year ending March 2027, revenue increased and operating profit improved significantly. Accordingly, full-year forecasts for revenue, operating profit, profit before tax and profit attributable to owners of the parent were revised upward.

Worth reading
51Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
6000
¥ million
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedIFRS
Net Sales179,970¥ millionYear on year +3.8%Progress 49.2%
Operating profit19,439¥ millionYear on year +87.3%Progress 58.9%
Ordinary income17,007¥ millionProgress 63.7%
Net income attributable to owners of the parent13,313¥ millionProgress 74.0%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥104.94
Financial position at period-end
Total assets528,429¥ million
of which net assets 168,627 ¥ millionEquity ratio 32.1%vs. prior year-end +2.3pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+21,184
Investment-5,012
Financials-16,734
Net change-562

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥37,777 million
Segment revenueDiabetes management ¥54,655 million (YoY +12.3%), Healthcare solutions ¥59,550 million (YoY -5.0%), Diagnostics and life sciences ¥65,681 million (YoY +6.0%)
Segment profitDiabetes management ¥18,565 million (YoY +99.0%), Healthcare solutions ¥459 million (YoY -84.5%), Diagnostics and life sciences ¥4,292 million (YoY +153.5%)
Regional sales¥70,811 million, ¥47,926 million, ¥38,069 million, ¥23,162 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥366,000 million (YoY +0.4%)
Operating profit¥33,000 million (YoY +45.5%)
Ordinary income¥26,700 million (YoY +317.8%)
Net income¥18,000 million
Revision to Earnings ForecastNet Sales ¥359,700 million → ¥366,000 million(+1.8%) / Operating profit ¥27,000 million → ¥33,000 million(+22.2%) / Ordinary income ¥22,000 million → ¥26,700 million(+21.4%) / Net income ¥15,400 million → ¥18,000 million(+16.9%)
Annual Dividend Forecast¥42 → ¥42(0.0%)
Factors Behind Changes in Business Performance

Diabetes Management posted higher revenue and profit, driven by strong sales mainly in Europe, increased revenue in emerging markets, the positive impact of exchange rates, cost reductions from structural reforms, and improved profitability following the transfer of the CGM business. Healthcare Solutions posted lower revenue and profit due to a decline in electronic medical record sales caused by server supply shortages and temporary expenses. Diagnostics and Life Science posted higher revenue and profit, supported by price revisions, selling, general and administrative expense reductions, US tariff refunds and the positive impact of exchange rates.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Impairment loss¥-28 million
Depreciation and amortization¥13,256 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Not disclosed
Issued Shares at Period-End127,327,581 Shares
Treasury Shares at Period-End212,023 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥179,970 million (YoY +3.8%)
Operating profit¥19,439 million (YoY +87.3%)
Ordinary income¥17,007 million
Profit attributable to owners of the parent¥13,313 million
Net income per share¥104.94
Equity ratioEnd of the current fiscal period 32.1 / End of previous period 29.8
Total assets¥528,429 million
Net assets¥168,627 million
Cash flows from operating activities¥21,184 million
Cash flows from investing activities¥-5,012 million
Cash flows from financing activities¥-16,734 million
Cash and cash equivalents at end of period¥37,777 million
Full-year earnings forecastNet Sales ¥366,000 million (YoY +0.4%) / Operating profit ¥33,000 million (YoY +45.5%) / Ordinary income ¥26,700 million (YoY +317.8%) / Net income ¥18,000 million
Revision to Earnings ForecastNet Sales ¥359,700 million → ¥366,000 million(+1.8%) / Operating profit ¥27,000 million → ¥33,000 million(+22.2%) / Ordinary income ¥22,000 million → ¥26,700 million(+21.4%) / Net income ¥15,400 million → ¥18,000 million(+16.9%)
Annual Dividend Forecast¥42 → ¥42(0.0%)
Segment revenueDiabetes management ¥54,655 million (YoY +12.3%), Healthcare solutions ¥59,550 million (YoY -5.0%), Diagnostics and life sciences ¥65,681 million (YoY +6.0%)
Segment profitDiabetes management ¥18,565 million (YoY +99.0%), Healthcare solutions ¥459 million (YoY -84.5%), Diagnostics and life sciences ¥4,292 million (YoY +153.5%)
Regional sales¥70,811 million, ¥47,926 million, ¥38,069 million, ¥23,162 million
Depreciation and amortization¥13,256 million
Impairment loss¥-28 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Not disclosed
Issued Shares at Period-End127,327,581 Shares
Treasury Shares at Period-End212,023 Shares
Factors Behind Changes in Business PerformanceDiabetes Management posted higher revenue and profit, driven by strong sales mainly in Europe, increased revenue in emerging markets, the positive impact of exchange rates, cost reductions from structural reforms, and improved profitability following the transfer of the CGM business. Healthcare Solutions posted lower revenue and profit due to a decline in electronic medical record sales caused by server supply shortages and temporary expenses. Diagnostics and Life Science posted higher revenue and profit, supported by price revisions, selling, general and administrative expense reductions, US tariff refunds and the positive impact of exchange rates.
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyOrders received and order backlogBreakdown of extraordinary income (loss)Material subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The upward revision to the full-year forecasts reflects the positive impact of the change in exchange rates, strong first-half performance and higher-than-expected profitability in Diabetes Management, cost reductions, and the impact of US tariff refunds and selling, general and administrative expense reductions in Diagnostics and Life Science. In Healthcare Solutions, the forecasts incorporate a decline in electronic medical record revenue due to server supply shortages.

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Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] | PHC Holdings Corporation (6523) timely disclosure | Komori