Maxell ＜6810＞ announced consolidated financial results for the 2nd quarter (24/4/9) of the fiscal year ending 2025/3 on the 31st. Net sales decreased 3.8% from the same period last year to 63.122 billion yen, operating profit decreased 8.5% to 4.177 billion yen, ordinary profit decreased 35.6% to 3.865 billion yen, and interim net profit attributable to parent company shareholders fell 37.5% to 3.085 billion yen.

Overall energy sales were 17.674 billion yen, down 1.6% from the same period last year, and operating profit increased 677.6% to 1.322 billion yen. Sales of primary batteries increased due to a steady increase in sales for automotive and medical devices, but there was a decline in sales of rechargeable batteries. Operating profit was also affected by the depreciation of the yen in addition to the increase in sales of primary batteries and the associated improvement in operations.

Overall sales of functional materials increased 5.4% to 15.431 billion yen, and operating profit decreased 39.7% to 0.322 billion yen. Sales of adhesive tape increased mainly for semiconductor manufacturing process tapes, but profits for adhesive tape and industrial rubber products declined.

Overall sales of optics and systems fell 20.4% to 17.579 billion yen, and operating profit fell 54.3% to 1.609 billion yen. In addition to the decline in license revenue, there were effects of customer inventory adjustments for semiconductor-related products and a decrease in sales of automotive optical components.

Overall sales of Life Solutions increased 13.9% to 12.438 billion yen, and operating profit increased 173.4% to 0.924 billion yen. Sales of OEM health and beauty products increased.

Regarding the full-year earnings forecast for the fiscal year ending 2025/3, revisions to the earnings forecast were announced on the same day. Sales are 126 billion yen, down 2.4% from the previous fiscal year (down 1.6% from the previous forecast), operating profit is 8 billion yen, down 1.0% (unchanged from the previous forecast), ordinary profit is 6 billion yen, down 20.5% (unchanged from the previous forecast), and net income attributable to parent company shareholders decreased 20.5% (unchanged from the previous forecast) to 6 billion yen.