Genetec REPORTS LOWER Q1 PROFIT, PLANS TO ACQUIRE CLUSTER TECHNOLOGY

TOKYO, Aug 07 (Pulse News Wire) – Genetec Corporation (4492.T) reported lower profit for the quarter ended June 30, 2026, compared to the same period last year. Revenue reached ¥2.535 billion, up ¥2 million percent year-over-year.

Operating profit was ¥20 million, down -¥24 million percent, while ordinary profit declined to ¥18 million, marking a decrease of percent. Net income attributable to parent shareholders was , a drop of ¥2.486 billion percent. The company attributed the decline in profitability mainly to reduced sales from its engineering solutions division, partially offset by increased revenue from its systems solutions division. Despite challenges, the firm plans to continue focusing on improving the performance of its wholly-owned subsidiary, Moreson Japan, through enhanced collaboration and cost-cutting measures.

Genetec also announced its intention to acquire Cluster Technology, a software development and system integration company, for ¥1.830 billion on August 21, 2026. The acquisition aligns with the company's strategy to expand its total solution offerings and strengthen its position in the industry. For the fiscal year ending March 2027, Genetec expects revenues of ¥11.50 billion, representing a 7.0 percent increase from the previous year. However, operating profit is forecast to fall by 49.1 percent, ordinary profit by 60.1 percent, and net profit by 67.9 percent.

The company noted that these forecasts reflect ongoing efforts to adjust to changing market conditions and improve operational efficiency.