Secured 64.6% of full-year operating profit in the first half; assessing whether FY2026 Q3 is on track to achieve the full-year forecast of ¥5,800 million

FY2026-H1 revenue was ¥20,834 million, up 0.4% year on year. Operating profit was ¥3,747 million, up 18.7%, and ordinary profit was ¥4,523 million, up 16.9%. Net income attributable to owners of the parent was ¥5,371 million, up 51.8%. Revenue growth was modest, but operating profit grew faster than revenue, resulting in profit improvement exceeding the increase in revenue in the first half.

The full-year forecasts are revenue of ¥41,100 million, operating profit of ¥5,800 million, ordinary profit of ¥7,200 million, and net income attributable to owners of the parent of ¥7,450 million. As of H1, progress was 50.7% for revenue, 64.6% for operating profit, 62.8% for ordinary profit and 72.1% for net income, with profit items ahead of revenue. Using 75%, the simple benchmark for nine months elapsed, the reference figures are revenue of ¥30,825 million, operating profit of ¥4,350 million, ordinary profit of ¥5,400 million and net income of ¥5,588 million. However, this is a mechanical checkpoint that does not take seasonality into account, and is not a quarterly forecast disclosed by the company.

The full-year operating profit forecast was ¥5,500 million as of FY2026-Q1, but was raised to ¥5,800 million in the FY2026-H1 results. Operating profit increased from ¥2,040 million in Q1 to ¥3,747 million on a cumulative H1 basis, confirming a contribution from Q2 alone. Achieving the revised forecast will require ¥2,053 million in operating profit in the second half. In FY2026-Q3, we will assess whether orders and sales conversion in the machinery-related business, profit growth in the real estate business, and profit levels in the pharmaceuticals and textiles businesses can support the required second-half amount.

This disclosure does not provide specific cumulative FY2026-Q3 forecasts, quarterly seasonality, the company’s operating margin plan, or an operating profit bridge by factor. Accordingly, next time we will focus on whether the company provides not only nine-month cumulative revenue and operating profit, but also its assessment of the likelihood of achieving the ¥5,800 million full-year forecast, any changes to its second-half assumptions, and the factors behind changes by segment.