Azbil posts strong Q2 profit growth, maintains full-year outlook

Azbil Corporation reported consolidated net sales of JPY 132,897 million for the six months ended September 30, 2025, a 4.6% decrease year-on-year. Despite this, operating income rose by 21.0% to JPY 17,718 million, and ordinary income increased by 24.9% to JPY 18,320 million. Net income attributable to owners of parent climbed 23.0% to JPY 13,463 million, with diluted earnings per share at JPY 26.37. The company's asset base saw a slight reduction, with total assets at JPY 299,928 million and net assets at JPY 233,821 million, resulting in a robust 77.0% shareholders' equity ratio.

The strong profit performance was primarily driven by the Building Automation (BA) business, which saw orders received increase by 7.9% to JPY 100,623 million and sales grow by 3.2% to JPY 64,545 million, with segment profit up 36.3% to JPY 8,340 million. The Advanced Automation (AA) business also contributed, with sales rising 2.7% to JPY 52,999 million and segment profit up 15.1% to JPY 9,042 million, despite a 4.7% decrease in orders received. The Life Automation (LA) business experienced a substantial decline in sales and profit due to the transfer of equity interests in Azbil Telstar.

Azbil maintains its full-year consolidated forecast for fiscal year 2026, anticipating net sales of JPY 298,000 million, operating income of JPY 45,500 million, ordinary income of JPY 45,500 million, and net income attributable to owners of parent of JPY 33,500 million. The company plans to pay a second-quarter dividend of JPY 13.00 per share, with an expected full-year dividend of JPY 26.00 per share.