LIXIL reports strong H1 core earnings despite slight revenue dip

LIXIL Corporation announced its H1 FY2026 financial results, reporting consolidated revenue of JPY735.9 billion, a JPY3.8 billion (0.5%) decrease year-on-year. Despite the revenue decline, core earnings rose significantly by JPY6.4 billion (60.4%) to JPY16.9 billion. This performance was supported by robust renovation sales in Japan and strong profitability in Europe and the Middle East for the Water Technology Business (LWT). Profit attributable to owners of the parent was JPY3.4 billion, a JPY7.3 billion increase from the previous year.

Effective Q1 FY2026, LIXIL reorganized its reporting segments to three: Water Technology Business (LWT), Housing Technology Business (LHT), and the newly established Living Business, which integrates kitchen, vanity, and wooden interior materials. This restructuring aims to enhance profitability in Japan and strengthen the business structure.

For H1 FY2026, LWT Japan's revenue increased to JPY154.0 billion (up JPY6.0 billion, 4.0%), with core earnings rising to JPY9.6 billion (up JPY1.9 billion, 24.1%). LHT revenue saw a slight decline to JPY259.2 billion, while core earnings remained flat at JPY12.3 billion. The new Living segment recorded JPY100.3 billion in revenue and JPY3.4 billion in core earnings, reflecting strong renovation sales and price optimization efforts. The company maintains an unchanged full-year earnings and dividend forecast, including an interim dividend of JPY45 per share.