Osaki Electric raises H1 profit outlook on margin gains, asset sales

Osaki Electric Co. announced a revision to its consolidated financial forecasts for the six months ending September 30, 2025. While net sales are now projected to be JPY 45,400 million, a decrease from the previous JPY 46,600 million, operating income and ordinary income are expected to rise significantly.

Operating income is revised from JPY 1,500 million to JPY 1,880 million, and ordinary income from JPY 1,400 million to JPY 1,860 million. Net income attributable to owners of parent is forecast to jump from JPY 300 million to JPY 690 million, boosting earnings per share from JPY 6.66 to JPY 15.39. This profit growth is attributed to improved profit margins in the domestic Smart Meters & Solutions business and increased gains from accelerated sales of strategic shareholdings.

The decrease in net sales is primarily due to the postponement of smart meter sales to the second half of the fiscal year and weaker-than-expected sales of smart locks. Despite the interim revisions, the full-year consolidated forecast for the fiscal year ending March 2026 remains unchanged.