Ryoden Corporation smashes Q2 profit targets, eyes FA system and X-Tech expansion

Ryoden Corporation announced robust results for the second quarter of the fiscal year ending March 2026. Sales reached JPY 102,062 million, down 6.9% year-on-year, but outperforming the company's plan by 0.8%. Operating profit was JPY 2,433 million, a 0.1% decrease year-on-year but 35.2% above projections. Ordinary profit was JPY 2,666 million, down 2.3% year-on-year, exceeding the plan by 40.3%. Net profit surged by 12.2% year-on-year to JPY 2,172 million, an impressive 97.5% above plan.

Segment-wise, the Cooling & Building Systems business strengthened profitability, and X-Tech achieved a successful turnaround to black. The Electronics segment saw strong performance in domestic automotive and Taiwan solution businesses. Strategic initiatives include the active expansion of the FA System business in Hokkaido through acquisitions and a rebranding of plant factory vegetables within X-Tech to "VEGE MONSTER."

For the full fiscal year ending March 2026, Ryoden forecasts a slight decrease in revenue, with operating and ordinary profits remaining steady, and a projected increase in net profit. The company also announced a revised dividend policy, aiming for a consolidated total return ratio of 50% or a consolidated DOE of 3.5% as a minimum.