LIXIL Corporation (JSGCF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

It is time for us to start. Lixell Corporation's first financial results for the fiscal year ending March 31st, 2026. This briefing is streamed live online. The material for this briefing is on our website in the investor relations page. First, I would like to introduce to you our presenters. Director, Representative Executive Officer and President and CEO, Kinya Seto. Next, Executive Officer, Executive Vice President and CFO, Mariko Fujita. Senior Vice President, Leader of the Investor Relations Office, Aya Kawai. I will be serving as the moderator. My name is Seto Gucci from IR office. Next, I would like to explain how we proceed. First, Fujita, the CFO, will give you the overview of the financial results. It would be followed by a Q&A session. During the Q&A, CEO Seto will join and entertain your questions. We expect to conclude at 3.45pm. Ms. Fujita, the CFO, will give you the overview of the financial results. Fujita-san, please. Hello, ladies and gentlemen. My name is Fujita. I would like to give you the financial results for the first half for the fiscal year ending March 31st, 2026. This is the overview of the results. Revenue decreased while core earnings and EBITDA increased year-on-year. As for the Japanese market, in Q1, there was a surge in demand. So in Q2, we saw reactionary slowdown. However, the renovation sales of water-related products remained solid. LHD's core earnings remained flat due to additional costs associated with the ceramic siding business. Because of this, the core earnings were flat, but renovation sales were trending upward from September onwards, driven by promotional efforts. As for the international market, the revenue decrease but the profits substantially improved Europe and Middle East and India has seen strong performance as f...