Aiphone Hit by Overseas Slump as Domestic Renovation Demand Lifts Sales

The latest announcement is out from Aiphone Co., Ltd. ( (JP:6718) ).

Aiphone reported consolidated net sales of ¥62.98 billion for the fiscal year ended March 2026, with domestic sales rising 4.6% on strong apartment and healthcare renovation demand, while overseas sales fell 13.5% amid sharp declines in North America and weaker Europe. Housing and healthcare renovation projects, driven by crime prevention awareness and monitoring support needs, underpinned domestic growth, particularly in rental apartments and hospitals, even as supply delays affected some products.

Profitability deteriorated as the sales mix shifted away from the high-margin overseas business and expenses such as R&D increased, pushing operating profit down 26.5% to ¥2.8 billion and profit attributable to owners of parent down 31.9%. Despite the earnings pressure and intensified price competition overseas, Aiphone maintained its shareholder payout, confirming a full-year dividend of ¥130 per share for FY2026 and planning to keep the same level in the year ending March 2027, signaling a commitment to stable returns amid a challenging external environment.

More about Aiphone Co., Ltd.

Aiphone Co., Ltd. is a Japanese manufacturer of intercom, security, and communication systems, serving housing, apartment, and healthcare facilities markets domestically and abroad. The company focuses on security and monitoring solutions, with a strong presence in North America and Europe, and offers products tailored to crime prevention and monitoring support needs.

Average Trading Volume: 39,801

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen44.98B

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