SALA Corporation (TSE: 2734), a Tokai-region conglomerate that supplies city gas and LP gas and runs housing/construction and automobile-dealership businesses, reported results for the first half (interim period) of the fiscal year ending November 2026 — the six months to May 31, 2026. Net sales edged down 1.2% to ¥129,672m, but operating profit rose 26.7% to ¥7,455m, ordinary profit rose 48.7% to ¥8,522m and net profit attributable to owners rose 38.1% to ¥5,593m. Interim EPS was ¥87.42, up from ¥63.12.
Profit outpaces sales
Despite a softer top line, profitability improved sharply across the energy and other segments, lifting margins; comprehensive income rose 57.0% to ¥6,117m.
Balance sheet and dividend
Total assets were ¥218,345m and net assets ¥97,759m, for an equity ratio of 42.0%. Alongside results, SALA raised its dividend forecast: it paid a ¥16.00 interim dividend and now plans an ¥18.00 year-end dividend, for a full-year total of ¥34.00 (up from ¥32.00).
Outlook
For the full year to November 2026, SALA — which revised its forecast — guides net sales of ¥260,000m (+3.4%), operating profit of ¥7,800m (+5.7%), ordinary profit of ¥9,400m (−5.3%) and net profit of ¥5,900m (+0.5%), for EPS of ¥92.85.
| Metric | H1 FY11/26 | H1 FY11/25 | YoY |
|---|---|---|---|
| Net sales (¥m) | 129,672 | 131,253 | −1.2% |
| Operating profit (¥m) | 7,455 | 5,886 | +26.7% |
| Ordinary profit (¥m) | 8,522 | 5,732 | +48.7% |
| Net profit attrib. (¥m) | 5,593 | 4,051 | +38.1% |
| EPS (¥) | 87.42 | 63.12 | +38.5% |
| Dividend (¥, FY) | 34.00 | 32.00 | +6.3% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.