November 5, 2025 Azbil Corporation
RIC: 6845.T, Sedol: 6985543
© Azbil Corporation. All rights reserved.
HighlightsConsolidated Financial Results for the First Half of FY2025
Although orders received and net sales were lower compared with the same period of FY2024 due to the effect of the FY2024 transfer of a subsidiary, Azbil Telstar, operating income increased significantly thanks to higher profits for the BA and AA businesses and exceeded the plan. (If the effect of the transfer is excluded, both orders received and net sales substantially increased.)
Consolidated Financial Plan for FY2025
- Revised upwards from the initial plan announced on May 13, 2025
To reflect the financial results in the first half as well as the outlook for the business environment in the second half, we have revised our full-year financial plan for FY2025 upwards. Although net sales will slightly decrease due to the effect (a decrease of 14.6 billion yen) of the transfer of equity interests in the subsidiary in FY2024, operating income will increase for a fifth consecutive fiscal year.
Returning Profits to Shareholders and Investing in Human Capital
- No revision from the most recent announcement on May 13, 2025
We plan to increase the dividend for the eleventh consecutive year, with an annual dividend of 26 yen per share for FY2025; DOE will improve further to reach 5.6%.
In addition to the repurchase and cancellation of the Company's own stock, we also invest in human capital by utilizing treasury shares.
Progress in Implementing the Medium-term Plan
Under our medium-term plan (FY2025-FY2027), based on the theme of "Evolution and Co-creation," and employing the unique business model of the azbil Group, we will realize increased sales and enhanced profitability while actively making necessary investments, such as in human capital.
Progress is being made with measures in growth and core businesses. New products are being launched, and we have a growing track record of customers using our products. Initiatives involving collaboration with other companies are also
© Azbil Corporation. All rights reserved.
Contents
- Consolidated Financial Results for the First Half of FY2025 4
- Consolidated Financial Plan for FY2025 13
- Returning Profits to Shareholders and Investing in Human Capital 17
- Progress in Implementing the Medium-term Plan 20
- The azbil Group's Exhibition Participation 27
Appendix I Financial Data 29
Appendix II Initiatives to Strengthen Corporate Governance, Returning Profits to Shareholders,
Investments, and Sustainability Management 33
Notes 40
1. Consolidated Financial Results for the First Half of FY2025
1. Consolidated Financial Results for the First Half of FY2025
Although orders received and net sales were lower compared with the same period of FY2024 due to the effect of the FY2024 transfer of a subsidiary, operating income increased significantly thanks to higher profits for the BA and AA businesses and exceeded the plan. (If the effect of the transfer is excluded, orders received and net sales substantially increased.)
Orders received rose for the BA business, but, because of the impact of the FY2024 transfer of equity interests in the subsidiary, Azbil Telstar (ATL), orders received fell significantly for the LA business, and overall were down on the same period of FY2024. (the impact of the transfer: a decrease of 12.3 billion yen)
Net sales increased for the both BA and AA businesses, but for the same reason given above the LA business saw a significant decrease, so that overall there was a decline compared with the same period of FY2024 (the impact of the transfer: a decrease of 9.9 billion yen).
The overall plan did not exceed because the AA and LA businesses were not exceeded the plan.
Operating income increased significantly owing to measures to enhance profitability, including cost pass-through, despite increases in personnel and other expenses. Consequently, operating income was higher than for the same period of FY2024, and the plan was exceeded.
Ordinary income improved due to the growth in operating income and the recording of foreign exchange gains. Consequently, it was higher than for the same period of FY2024, and the plan was exceeded.
Despite the recording of gain on the sale of investments in the capital of a U.S. subsidiary as extraordinary income in the same period of FY2024, net income attributable to owners of parent increased compared with the same period of FY2024 thanks to higher operating income. The plan was also exceeded.
(Billions of yen) (Billions of yen)
FY2024 H1 (A) | FY2025 H1 (B) | Difference | ||
(B) - (A) | % Change | |||
Orders received | 171.1 | 165.0 | (6.0) | (3.6) |
158.7 | 6.2 | 3.9 | ||
Net sales | 139.2 | 132.8 | (6.3) | (4.6) |
129.3 | 3.5 | 2.8 | ||
Japan | 104.3 | 108.6 | 4.3 | 4.2 |
Overseas | 34.8 | 24.2 | (10.6) | (30.6) |
Gross profit | 58.5 | 61.3 | 2.8 | 4.9 |
Margin | 42.0 | 46.2 | 4.2pp | |
SG&A | 43.8 | 43.6 | (0.2) | (0.5) |
41.5 | 2.1 | 5.2 | ||
Operating income (loss) | 14.6 | 17.7 | 3.0 | 21.0 |
14.3 | 3.3 | 23.6 | ||
Margin | 10.5 | 13.3 | 2.8pp | |
11.1 | 2.3pp | |||
Ordinary income (loss) | 14.6 | 18.3 | 3.6 | 24.9 |
Income (loss) before income taxes | 16.2 | 18.8 | 2.6 | 16.4 |
Net income (loss) attributable to owners of parent | 10.9 | 13.4 | 2.5 | 23.0 |
Margin | 7.9 | 10.1 | 2.3pp | |
Plan (May 13, 2025) (C) | Difference | |
(B) - (C) | % Change | |
134.0 | (1.1) | (0.8) |
15.2 | 2.5 | 16.6 |
11.3 | 2.0pp | |
14.5 | 3.8 | 26.3 |
10.3 7.7 | 3.1 2.4pp | 30.7 |
*
*
*
*
*
Reference: The impact of foreign exchange rate fluctuations (compared with the same period of FY2024) (0.7) billion yen for net sales
(0.1) billion yen for operating income
The impact of foreign exchange rate fluctuations is derived from the difference in rates, between the previous and current periods, used to convert overseas subsidiaries' P/L into yen from the local currency.
* The figures in the lower rows for orders received, net sales, SG&A, and operating income excluding 5
Azbil Telstar's results.