ACSL Ltd. 【6232】: Financial Results

Revenue for the second quarter of the fiscal year ending December 2026 increased 68.9% year on year to approximately ¥1.6 billion, with growth driven largely by expansion of the North American business. The operating loss narrowed to approximately ¥375 million from approximately ¥754 million in the same period of the previous year, but the company remained in the red. The ordinary loss was approximately ¥362 million, and the interim net loss attributable to owners of the parent was approximately ¥359 million.

On the balance sheet, total assets increased 7.6% from the end of the previous fiscal year to approximately ¥6.1 billion. Cash and deposits increased by approximately 43%, current liabilities decreased by approximately 50%, and net assets increased by approximately 69% to approximately ¥3.0 billion, improving the equity ratio to 46.6%. In cash flows, cash flow from operating activities swung to an outflow of approximately ¥441 million. Cash flow from financing activities was an inflow of approximately ¥1.294 billion, primarily from proceeds from the issuance of shares through the exercise of stock acquisition rights, and cash increased by approximately ¥866 million from the end of the previous fiscal year.

The full-year earnings forecast for the current fiscal year has been revised to revenue of approximately ¥4.0 billion, up 53.9% from the previous fiscal year, an operating loss of approximately ¥1.36 billion, an ordinary loss of approximately ¥950 million, and a net loss attributable to owners of the parent of approximately ¥600 million. Dividends are currently undecided. ACSL Ltd. operates in a single drone-related segment, with businesses focused on North America, defense and security, and the maintenance and management of social infrastructure.