Otsuka Corp, the Tokyo-listed reseller and systems integrator that supplies computers, servers, software and IT support contracts to Japanese businesses, told the Tokyo Stock Exchange on August 3, 2026 that its own full-year outlook had been too conservative. The company raised its forecast for the year ending December 2026 across every line: sales to ¥1.38tn from ¥1.31tn, operating profit to ¥94.3bn from ¥90bn, ordinary profit to ¥96.1bn from ¥90.1bn, and net profit attributable to shareholders to ¥64.9bn from ¥61.1bn.
| Metric | Previous Forecast | Revised Forecast | Change |
|---|---|---|---|
| Net sales | ¥1.31tn | ¥1.38tn | +5.2% |
| Operating profit | ¥90.0bn | ¥94.3bn | +4.8% |
| Ordinary profit | ¥90.1bn | ¥96.1bn | +6.7% |
| Net profit (parent) | ¥61.1bn | ¥64.9bn | +6.2% |
The upgrade follows a first half that beat Otsuka's own internal plan by a wide margin. Consolidated sales for January to June came to ¥757.5bn, up 9.0% year on year and 109.9% of the company's own target; operating profit reached ¥53.1bn, up 8.0% and 109.0% of plan. Otsuka attributed the outperformance to steady corporate demand for IT investment during what it described as a moderate domestic recovery. Its security-management business line, OSM, grew 37.0% in the half to ¥111.4bn, among the fastest-growing pieces of the portfolio.
The board also lifted the dividend. It declared an interim payout of ¥55.00 a share for the record date of June 30, 2026, five yen above the ¥50.00 it had guided back in February, for a total interim distribution of ¥20.9bn payable September 2. It simultaneously raised its year-end forecast to ¥50.00 from ¥45.00, putting the full-year dividend at ¥105.00 a share, ¥15.00 more than the ¥90.00 actually paid for the year ended December 2025.
The underlying business has not changed: Otsuka still sells and services PCs, servers, networking gear and support contracts, with more than half of its unit-level sales coming from companies with annual revenue between ¥1bn and ¥10bn. But the mix inside the numbers is instructive. Unit shipments of PCs fell 3.2% to 955,737 in the first half even as server shipments rose 11.0% to 10,935 units, and it was higher-margin services such as security management and maintenance contracts that carried the growth rather than hardware volume. Otsuka also said it has deployed Microsoft Copilot across its entire workforce since April 2026 as part of an internal productivity push.
The new forecasts remain management's own estimates. The filing carries the standard caveat that actual results may differ from projections given changes in the economic environment or client demand. The next test of whether the upgrade holds arrives with Otsuka's third-quarter results later this year.