Menicon's first-half net sales up 1.5% driven by 1-day lens growth

Menicon's net sales for the six months ended September 30, 2025, rose to JPY 61,480 million, a 1.5% increase year-on-year, primarily driven by expanded 1-DAY lens sales and price revisions in Japan. Gross profit also increased by 1.4% to JPY 33,275 million, with EBITDA up 5.8% to JPY 10,003 million, reflecting improved profitability despite ongoing growth investments. The company maintains its full-year forecast for FY2025.

The Vision Care Business saw net sales increase by 1.7% to JPY 57,278 million, with 1-DAY lens sales growing 7.2% to JPY 16,497 million due to increased MELS Plan members and new product introductions. Despite a decline in Orthokeratology-related sales to JPY 6,800 million (down 11.2%) impacted by China’s economic stagnation, growth in Japan and other Asian regions partially offset this.

Investments in future growth, including preparations for a new 1-DAY lens production plant in Malaysia, led to a 2.9% increase in selling, general, and administrative expenses to JPY 28,106 million. Total assets decreased by JPY 526 million to JPY 187,064 million as of September 30, 2025, primarily due to capital expenditures and share buybacks, while total net assets increased by JPY 427 million to JPY 86,557 million.