TOKYO, May 22 (Pulse News Wire) – SmartDrive Inc. (5137.T) reported robust second quarter results, driven primarily by existing business growth and the integration of Interzone since February.
Revenue surged to its highest level ever, up 11.4% year-over-year, while operating profit margin increased significantly from 28.84% to 31.2%. However, higher operating costs due to increased headcount and investments in AI Mobility OS expansion led to a 24.5% rise in selling, general, and administrative expenses compared to the same period last year.
The company acknowledged the discrepancy between initial guidance and actual performance, promising clearer communication moving forward. For the full fiscal year, despite lower-than-expected progress in the first half, management maintained their outlook, citing upcoming contributions from fully integrating Interzone, advancing AI Mobility OS negotiations, and expanding into new customer segments with novel devices.
Specific targets include a six-month contribution from Interzone's complete group integration and significant revenue growth from ongoing PoCs and sales pipeline developments.
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