Pacific Industrial reports strong first-half earnings, MBO bid revised higher

Pacific Industrial Co., Ltd. reported consolidated financial results for the six months ended September 30, 2025, revealing net sales of 105,121 million yen, a 5.6% increase year-on-year. Operating profit surged by 78.1% to 8,731 million yen, while ordinary profit grew 57.8% to 10,212 million yen. Profit attributable to owners of parent rose 33.5% to 7,110 million yen, resulting in basic earnings per share of 124.28 yen. The company maintains its full-year forecast, projecting net sales of 202,000 million yen and profit attributable to owners of parent of 11,000 million yen. There were no revisions to the dividend forecast.

Total assets stood at 297,132 million yen as of September 30, 2025, with net assets at 174,917 million yen, bringing the equity-to-asset ratio to 58.5%. The company also disclosed an update regarding a management buyout (MBO) by CORE Co., Ltd. The offer price for Pacific Industrial's shares was revised from 2,050 yen to 2,919 yen, and the tender offer period was extended to November 7, 2025.

The board of directors reaffirmed their support for the MBO and recommended shareholders tender their shares, anticipating a delisting of Pacific Industrial shares pending the successful completion of the tender offer.