Net sales were 6,711 hundred million yen (Year-over-Year +14.8%). Operating income was 546 million yen (-22.9%), ordinary income was 637 million yen (-18.1%), and interim net income attributable to owners of parent was 436 million yen (-20.4%). Full-year forecast: net sales 13,500 hundred million yen, operating income 1,200 million yen, net income 950 million yen. Equity ratio was 77.3%. Dividends: no initial forecast, year-end 20 yen for a full-year forecast of 20 yen. By segment, Advertising Solutions posted net sales of 3,059 hundred million yen (Year-over-Year +21.0%) but saw a significant drop in profit. Technical Solutions recorded net sales of 3,651 hundred million yen (+10.1%) and operating income of 804 million yen (-2.5%).<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"4317","jir_company_name":"Ray Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-14","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/4317-20261014-01.pdf","jir_short_summary":"Net sales were 6,711 hundred million yen (Year-over-Year +14.8%). Operating income was 546 million yen (-22.9%), ordinary income was 637 million yen (-18.1%), and interim net income attributable to owners of parent was 436 million yen (-20.4%). Full-year forecast: net sales 13,500 hundred million yen, operating income 1,200 million yen, net income 950 million yen. Equity ratio was 77.3%. Dividends: no initial forecast, year-end 20 yen for a full-year forecast of 20 yen. By segment, Advertising Solutions posted net sales of 3,059 hundred million yen (Year-over-Year +21.0%) but saw a significant drop in profit. Technical Solutions recorded net sales of 3,651 hundred million yen (+10.1%) and operating income of 804 million yen (-2.5%).","jir_summary":"### Business Performance Overview\nConsolidated net sales for the interim period amounted to 6,711 hundred million yen, representing Year-over-Year growth of 14.8%. However, operating income decreased to 546 million yen (-22.9%), ordinary income decreased to 637 million yen (-18.1%), and interim net income attributable to owners of parent decreased to 436 million yen (-20.4%), indicating a slowdown in profitability. By segment, Advertising Solutions grew with net sales of 3,059 hundred million yen (+21.0%) but experienced a substantial decline in profit due to upfront personnel expenses. Technical Solutions performed steadily, with net sales of 3,651 hundred million yen (+10.1%) and operating income of 804 million yen (-2.5%).\n\n### Outlook and Financial Position\nFull-year forecasts remain unchanged: net sales 13,500 hundred million yen (+0.6%), operating income 1,200 million yen (-31.7%), ordinary income 1,300 million yen (-31.9%), and net income attributable to owners of parent 950 million yen (-27.1%). The equity ratio is a solid 77.3%. Cash flow from operating activities recorded an interim net income after tax adjustments of 629 million yen, while investing activities incurred expenditures due to acquisition of tangible fixed assets. Dividends are planned to continue at 20 yen at year-end, with total dividends expected to be the same amount as the prior fiscal year.","jir_financial_highlights":"Net Sales: 6,711,329 (Year-over-Year +14.8%)\nOperating Income: 546,020 (Year-over-Year -22.9%)\nOrdinary Income: 637,324 (Year-over-Year -18.1%)\nInterim Net Income Attributable to Owners of Parent: 436,303 (Year-over-Year -20.4%)\nTotal Assets: 10,326,629 (Decrease from the end of the previous fiscal year)\nEquity Ratio: 77.3 (Increase from the previous fiscal year)","jir_category":"","jir_hashtags":"#Ray, #Earnings, #SegmentRevenue, #InterimResults","jir_key_figures":"Net Sales: 6,711,329 hundred million yen\nOperating Income: 546,020 million yen\nInterim Net Income Attributable to Owners of Parent: 436,303 million yen","jir_meta_title":"Ray Corporation Fiscal Year Ending February 2027 Q2 Financial Summary | Net Sales 6,711 hundred million yen, Net Income 436 million yen","jir_meta_description":"Key points from Ray Corporation's FY ending Feb 2027 Q2 financial summary: trends in sales and profits, segment performance, full-year outlook, and financial position.","jir_og_title":"Ray Corporation Fiscal Year Ending February 2027 Q2 Financial Summary","jir_og_description":"Ray Corporation interim results: net sales 6,711 hundred million yen, net income 436 million yen. Analysis of segment trends and full-year outlook.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Sales Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Prior Fiscal Year\\\",\\\"Current Fiscal Year\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[5845,6711]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Prior Fiscal Year\\\",\\\"Current Fiscal Year\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[708,546]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"net_income_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Interim Net Income Attributable to Owners of Parent Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Prior Fiscal Year\\\",\\\"Current Fiscal Year\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Interim Net Income\\\",\\\"data\\\":[547,436]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Revenue by Segment\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Advertising Solutions\\\",\\\"Technical Solutions\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[3059,3651]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"cashflow_operations\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Cash Flow from Operating Activities\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Beginning Cash and Cash Equivalents\\\",\\\"Ending Cash and Cash Equivalents\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"CF - Operating Activities\\\",\\\"data\\\":[? , ?]}]},\\\"options\\\":{}}\"}]","ir_related_company":59123,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-130507","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n