FY2026-H1 revenue reached 47.4% and operating profit 49.6% of the full-year forecasts; assessing the likelihood of achieving the second-half plan

FY2026-H1 consolidated revenue was ¥2,274.542 billion, operating profit was ¥230.595 billion, and interim net income attributable to owners of the parent was ¥171.184 billion. The full-year forecasts are revenue of ¥4.8 trillion, operating profit of ¥465 billion and net profit of ¥340 billion, putting first-half progress at 47.4%, 49.6% and 50.3%, respectively. While profit is close to 50% halfway through the fiscal year, revenue is 2.6 percentage points below that level, indicating that seasonality and concentration in the second half are assumptions underlying the plan.

Based on these assumptions, achieving the full-year forecasts will require second-half revenue of ¥2,525.458 billion and operating profit of ¥234.405 billion. If cumulative nine-month results reach 75% of the full-year forecasts on a simple basis, the reference levels would be revenue of ¥3.6 trillion and operating profit of ¥348.75 billion. However, as the company does not disclose quarterly revenue and operating profit forecasts or order backlog, seasonality cannot be adjusted for based on these progress rates alone.

At the next results announcement, it will be necessary to assess not only cumulative nine-month results but also whether sales actually became concentrated in the second half during the third quarter alone. In particular, it will be important to see whether Imaging maintains its strong performance while profit recovery in Printing, Medical and Industrial also materializes. The full-year forecasts remain unchanged at revenue of ¥4.8 trillion and operating profit of ¥465 billion. Whether guidance is maintained, upgraded or downgraded in the third quarter will be the primary disclosure point.