Santec reports strong interim growth driven by photonics recovery

Santec Holdings announced strong interim consolidated financial results for the second quarter of the fiscal year ending March 2026, with revenue increasing by 6.5% to JPY 12,778 million and operating profit rising by 6.6% to JPY 4,119 million. This growth was largely propelled by a significant recovery in demand for optical components, leading to a 78.5% increase in revenue for the optical components related business.

While the optical measurement instruments segment saw a slight decrease in revenue by 3.6% due to softer industrial demand, strong performance in communication-related products, particularly connector-equipped optical fiber cable inspection devices, helped mitigate this. Net assets increased by JPY 1,584 million to JPY 23,012 million, primarily due to higher retained earnings and strategic acquisitions such as MOG LABORATORIES PTY LTD.

Looking ahead, Santec maintains its full-year forecast, anticipating JPY 26,000 million in revenue and JPY 7,400 million in operating profit, with an interim dividend of JPY 75 per share and a projected annual dividend of JPY 150 per share. The company expects continued strong demand for optical components and steady performance in optical communication and medical measurement devices.