Komori
Earnings6835ALLIED TELESIS HOLDINGS K.K.Electrical Equipment and Precision Instruments

Second-Quarter Financial Results for the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

For the six months ended June 30, 2026, net sales and operating profit were below the levels recorded in the same period of the previous year, while ordinary profit and net income attributable to owners of the parent increased substantially due to the recognition of a foreign exchange gain. The full-year earnings forecast was revised to reflect the expected gain on the transfer of a business.

Worth reading
55In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
14
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAP
Net Sales23,488¥ millionYear on year -1.0%Progress 45.2%
Operating profit1,161¥ millionYear on year -14.0%Progress 32.3%
Ordinary income1,241¥ millionYear on year +47.3%Progress 37.6%
Net income attributable to owners of the parent962¥ millionYear on year +84.6%

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¥9.22
Financial position at period-end
Total assets49,404¥ million
of which net assets 21,350 ¥ millionEquity ratio 43.1%vs. prior year-end -0.7pt

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+1,020,126
Investment+1,014,307
Financials-2,231,950
Net change-197,517

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥16,978,882 thousand
Segment revenueJapan ¥15,877,326 thousand (YoY +0.4%), Americas ¥3,763,949 thousand (YoY +0.1%), EMEA ¥2,533,010 thousand (YoY -10.5%), APAC ¥1,313,878 thousand (YoY -0.1%)
Segment profitJapan ¥219,033 thousand, Americas ¥179,252 thousand, EMEA ¥150,454 thousand, APAC ¥523,142 thousand
Regional sales¥15,877,326 thousand (YoY +0.4%), ¥3,763,949 thousand (YoY +0.1%), ¥2,533,010 thousand (YoY -10.5%), ¥1,313,878 thousand (YoY -0.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥52,000 million (YoY +4.1%)
Operating profit¥3,600 million (YoY -14.9%)
Ordinary income¥3,300 million (YoY -13.2%)
Profit attributable to owners of the parent¥2,900 million (YoY -0.7%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥52,000 million / Operating profit Not disclosed → ¥3,600 million / Ordinary income Not disclosed → ¥3,300 million / Profit attributable to owners of the parent Not disclosed → ¥2,900 million
Annual Dividend Forecast¥8 → ¥9（+12.5%）
Factors Behind Changes in Business Performance

Revenue declined due to the transfer of the IP triple-play services business in the Americas and lower sales in EMEA and APAC, although sales in Japan remained firm. The gross profit margin improved, but operating profit declined due to higher personnel expenses and the increased cost burden resulting from the weaker yen. Ordinary profit and net income increased, mainly due to the recognition of a foreign exchange gain of ¥86 million.

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 No
Changes in the scope of consolidation0 additions and 0 exclusions (no material changes)
Material subsequent eventsThe acquisition of 726,500 treasury shares, the cancellation of 1,000,019 treasury shares, the transfer of the IP triple-play services business of a US subsidiary to Warrior Communications, Inc., and the planned recognition of a gain on the transfer of a business of approximately US$4.7 million
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)No extraordinary gain was recorded during the six months ended June 30, 2026. As a material subsequent event, a gain on the transfer of a business of approximately US$4.7 million (approximately ¥740 million) is expected to be recorded as an extraordinary gain in the third quarter of the fiscal year ending December 2026.
Depreciation and amortization¥558,012 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not applicable)
Issued Shares at Period-End105,012,176 Shares
Treasury Shares at Period-End1,273,519 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–30 June 2026
Net Sales¥23,488 million (YoY -1.0%)
Operating profit¥1,161 million (YoY -14.0%)
Ordinary income¥1,241 million (YoY +47.3%)
Profit attributable to owners of the parent¥962 million (YoY +84.6%)
Net income per share¥9.22
Equity ratioEnd of the current fiscal period 43.1 / End of previous period 43.8
Total assets¥49,404 million
Net assets¥21,350 million
Cash flows from operating activities¥1,020,126 thousand
Cash flows from investing activities¥1,014,307 thousand
Cash flows from financing activities¥-2,231,950 thousand
Cash and cash equivalents at end of period¥16,978,882 thousand
Full-year earnings forecastNet Sales ¥52,000 million (YoY +4.1%) / Operating profit ¥3,600 million (YoY -14.9%) / Ordinary income ¥3,300 million (YoY -13.2%) / Profit attributable to owners of the parent ¥2,900 million (YoY -0.7%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥52,000 million / Operating profit Not disclosed → ¥3,600 million / Ordinary income Not disclosed → ¥3,300 million / Profit attributable to owners of the parent Not disclosed → ¥2,900 million
Annual Dividend Forecast¥8 → ¥9（+12.5%）
Segment revenueJapan ¥15,877,326 thousand (YoY +0.4%), Americas ¥3,763,949 thousand (YoY +0.1%), EMEA ¥2,533,010 thousand (YoY -10.5%), APAC ¥1,313,878 thousand (YoY -0.1%)
Segment profitJapan ¥219,033 thousand, Americas ¥179,252 thousand, EMEA ¥150,454 thousand, APAC ¥523,142 thousand
Regional sales¥15,877,326 thousand (YoY +0.4%), ¥3,763,949 thousand (YoY +0.1%), ¥2,533,010 thousand (YoY -10.5%), ¥1,313,878 thousand (YoY -0.1%)
Depreciation and amortization¥558,012 thousand
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)No extraordinary gain was recorded during the six months ended June 30, 2026. As a material subsequent event, a gain on the transfer of a business of approximately US$4.7 million (approximately ¥740 million) is expected to be recorded as an extraordinary gain in the third quarter of the fiscal year ending December 2026.
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 No
Changes in the scope of consolidation0 additions and 0 exclusions (no material changes)
Material subsequent eventsThe acquisition of 726,500 treasury shares, the cancellation of 1,000,019 treasury shares, the transfer of the IP triple-play services business of a US subsidiary to Warrior Communications, Inc., and the planned recognition of a gain on the transfer of a business of approximately US$4.7 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not applicable)
Issued Shares at Period-End105,012,176 Shares
Treasury Shares at Period-End1,273,519 Shares
Factors Behind Changes in Business PerformanceRevenue declined due to the transfer of the IP triple-play services business in the Americas and lower sales in EMEA and APAC, although sales in Japan remained firm. The gross profit margin improved, but operating profit declined due to higher personnel expenses and the increased cost burden resulting from the weaker yen. Ordinary profit and net income increased, mainly due to the recognition of a foreign exchange gain of ¥86 million.
Items this document does not state (4)
Operating MarginPayout ratioShareholder Return PolicyOrders received and order backlog

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 transfer of the IP triple-play services business in the Americas and lower sales in EMEA and APAC reduced revenue, while sales in Japan remained firm. Operating profit declined despite an improvement in the gross profit margin, as higher personnel expenses and increased costs due to the weaker yen expanded the cost burden. Ordinary profit and net income increased, mainly because a foreign exchange gain of ¥86 million was recorded, compared with a foreign exchange loss of ¥446 million in the same period of the previous year.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Second-Quarter Financial Results for the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | ALLIED TELESIS HOLDINGS K.K. (6835) timely disclosure | Komori