Maxell <6810> announced its consolidated financial results for the second quarter of the fiscal year ending in March 2025 (April-September 24). Revenue decreased by 3.8% year-on-year to 63.122 billion yen, operating profit decreased by 8.5% to 4.177 billion yen, ordinary profit decreased by 35.6% to 3.865 billion yen, and net income attributable to parent company shareholders decreased by 37.5% to 3.085 billion yen.

Total energy revenue decreased by 1.6% year-on-year to 17.674 billion yen, operating profit increased significantly by 677.6% to 1.322 billion yen. Primary batteries saw increased sales due to strong demand for automotive and medical device applications, while secondary battery sales declined. The increase in operating profit for primary batteries was attributed to higher sales and operational improvements, along with the impact of a weaker yen.

Total functional materials revenue increased by 5.4% to 15.431 billion yen, operating profit decreased by 39.7% to 0.322 billion yen. Adhesive tapes saw increased revenue mainly in tapes for semiconductor manufacturing processes, while adhesive tapes and industrial rubber products saw a decrease in profit.

Total optical and systems revenue decreased by 20.4% to 17.579 billion yen, operating profit decreased by 54.3% to 1.609 billion yen. The decline was due to reduced licensing revenue, inventory adjustments by semiconductor-related product customers, and decreased revenue from automotive optical components.

Total life solutions revenue increased by 13.9% to 12.438 billion yen, operating profit increased by 173.4% to 0.924 billion yen. The increase was driven by growth in OEM products for health and beauty.

Regarding the full-year performance forecast for the fiscal year ending in March 2025, Maxell announced a revision to its forecast on the same day. Revenue is expected to decrease by 2.4% (compared to the previous forecast of 1.6%) to 126 billion yen, operating profit is expected to decrease by 1.0% (unchanged from the previous forecast) to 8 billion yen, ordinary profit is expected to decrease by 20.5% (unchanged from the previous forecast) to 6 billion yen, and net income attributable to parent company shareholders is expected to decrease by 20.5% (unchanged from the previous forecast) to 6 billion yen.