Galilei raises mid-year forecast amid strong demand for refrigerators, display cases

Galilei Co., Ltd. announced on November 12, 2025, a significant upward revision to its consolidated financial forecast for the second quarter (interim) of the fiscal year ending March 2026, covering April 1 to September 30, 2025. The company now anticipates revenue of JPY 68,003 million, up from the previously forecast JPY 61,929 million, representing a 9.8% increase.

Operating profit is expected to reach JPY 8,025 million, a 23.5% increase from the prior forecast of JPY 6,496 million. Ordinary profit is revised to JPY 8,410 million, a 34.2% jump from JPY 6,266 million. Net income attributable to owners of the parent is projected at JPY 5,771 million, an increase of JPY 1,265 million (28.1%) from the earlier JPY 4,505 million. This translates to an interim net income per share of JPY 144.05, up from JPY 112.47.

The upward revision is attributed to increased sales of general-purpose refrigerators and freezers for restaurants, continued demand for refrigerated display cases for supermarkets, and solid maintenance sales for various equipment. These factors offset earlier concerns about rising energy and raw material costs and geopolitical instability. The full-year forecast remains under review and will be announced promptly if revisions are made.