Pillar Corporation reports mixed half-year results as industrial segment shines

Pillar Corporation announced consolidated financial results for the six months ended September 30, 2025, with net sales reaching ¥28,161 million, a 1.3% decrease year-on-year. Despite this, profit attributable to owners of parent increased by 4.1% to ¥4,048 million, while operating profit saw a 3.8% decline to ¥5,605 million. Ordinary profit, however, rose slightly by 0.4% to ¥5,776 million.

The Electronic Equipment Business experienced a 5.6% decrease in net sales to ¥18,427 million, with operating profit down 12.2% to ¥4,179 million, attributed to sluggish domestic equipment sales and higher fixed costs. Conversely, the Industrial Equipment Business showed resilience, with net sales increasing 8.0% to ¥9,712 million and operating profit rising 34.4% to ¥1,411 million, driven by strong sales of mechanical seal products overseas and semiconductor manufacturing equipment.

Total assets grew by ¥920 million to ¥98,975 million, primarily due to an increase in investment securities' fair value. Total net assets also rose by ¥1,120 million to ¥74,979 million, resulting in an improved equity ratio of 75.8%. Cash and cash equivalents decreased by ¥578 million to ¥21,304 million at period-end, influenced by dividend payments and treasury share purchases.