Ryoden reports mixed first half: sales down, profit up on cross-shareholding sales

Ryoden Corporation reported net sales of 102.1 billion yen for the first six months of FYE2026, a 6.9% decrease year-on-year, and 0.8% below the company's plan. Despite this, operating profit decreased only 0.1% year-on-year to 2.433 billion yen, significantly exceeding the company's plan by 35.2%. Ordinary profit also saw a 2.3% year-on-year decrease but was 40.3% above plan, reaching 2.666 billion yen. Profit attributable to owners of the parent increased 12.2% year-on-year to 2.172 billion yen, largely driven by extraordinary profit from cross-shareholding sales.

Segment-wise, FA Systems sales grew slightly by 197 million yen to 23.645 billion yen. Cooling & Heating and Building Systems showed strong growth, with sales increasing by 2.193 billion yen to 17.653 billion yen and operating profit by 254 million yen to 1.018 billion yen. X-Tech successfully became profitable, reporting an operating profit of 43 million yen compared to a loss of 86 million yen in the prior year. Electronics sales, however, declined by 9.886 billion yen to 56.898 billion yen, with operating profit also falling by 1.545 billion yen to 1.640 billion yen.

The company has revised its full-year forecasts for FYE2026, expecting net sales to decrease slightly to 215.0 billion yen, operating profit and ordinary profit to remain at 5.5 billion yen and 5.6 billion yen respectively, and profit attributable to owners of the parent to increase to 5.0 billion yen. The dividend forecast for FYE2026 is 136 yen per share.