ACSL held an earnings presentation for the second quarter of April–June 2026, reporting revenue of ¥1.64 billion, up 68% year on year, and a sharp improvement in its contribution margin ratio to 45%. Driven by its North American business, the gross profit margin improved to 33.2%, while the operating loss excluding SBIR narrowed significantly to ¥150 million. The company maintained its full-year revenue forecast at ¥4.0 billion, while raising its gross profit forecast by ¥250 million to ¥1.1 billion. Ordinary income/loss is now expected to come in below the previous forecast at a loss of ¥1.66 billion.
In the second quarter, revenue was ¥1.64 billion, gross profit was ¥540 million, and operating loss excluding SBIR was ¥150 million, narrowing from the loss recorded in the same period of the previous year. The contribution margin ratio improved to 45% and the gross profit margin to 33.2%. Profitability improved as the North American business drove growth, the product mix improved, and the company withdrew from low-margin projects.
North American sell-through expanded sharply, reaching 11.6 times the level of the same period of the previous year and 7.7 times that level on a cumulative full-year basis. Sales through distributors in North America accelerated, and demand for locally produced airframes is expanding as actual end-user demand. In the defense sector, deliveries to the Japan Ground Self-Defense Force continued, and the company is considering expanding into the Japan Air Self-Defense Force, Japan Maritime Self-Defense Force, and Acquisition, Technology & Logistics Agency as new initiatives for the current fiscal year. It plans to invest approximately ¥2.7 billion over several years in next-generation airframe development and is developing 2 models, including an AI-equipped autonomous-control airframe.
The full-year forecast had reached a 41% progress rate as of the second quarter, bringing the cumulative total to ¥2.96 billion when combined with the ¥1.31 billion order backlog. The company maintained its revenue forecast at ¥4.0 billion, while raising its full-year gross profit forecast by ¥250 million to ¥1.1 billion. Ordinary income/loss is expected to be a loss of ¥1.66 billion and net income/loss a loss of ¥600 million. Net income/loss is expected to be ¥100 million better than the previous forecast, supported by gains on the sale of securities. Cash increased to ¥2.88 billion, and the company secured a commitment line of around ¥1 billion with The Shizuoka Bank, stabilizing its funding position.