OYO Corporation reported revenue of ¥35.2 billion and operating profit of ¥1.95 billion for the second quarter of the fiscal year ending December 2026. Revenue and operating profit declined year on year, while the order backlog at the end of the first half increased to ¥47.7 billion.
OYO Corporation reported revenue of ¥35.2 billion for the second quarter of the fiscal year ending December 2026, equivalent to 95.5% of the year-earlier level, and operating profit of ¥1.95 billion, or 72.8%, resulting in lower revenue and profit. The order backlog at the end of the first half expanded to ¥47.7 billion, or 104.7% year on year, securing a revenue base for the second half. By segment, Disaster Prevention & Infrastructure achieved substantial revenue and profit growth, while Environment & Energy reported lower revenue and profit due to reduced demand for offshore wind power. International posted an operating loss as weak performance at OYOUSA offset strong results in APAC.
The full-year consolidated forecasts were left unchanged at revenue of ¥75.0 billion, operating profit of ¥4.2 billion, ordinary profit of ¥4.8 billion and net income of ¥3.9 billion. The forecast for Disaster Prevention & Infrastructure was revised upward. For Environment & Energy, revenue and orders were revised upward, while operating profit was revised slightly downward. The forecast for International was revised downward. In the second half, the focus will be on generating earnings from large Environment & Energy projects and improving profitability in the International business.
Future risk factors include weak performance at Kinemetrics following a policy shift in the US market, delays in the solicitation of offshore wind power operators and the postponement of order placements for public-sector projects. At the same time, medium- to long-term demand is expected to expand on the back of the Basic Plan for National Resilience, the establishment of the Disaster Management Agency and revisions to the Waste Management and Public Cleansing Law. The company indicated a policy of paying a dividend of ¥110.