Nagakawa Group (NAG) announced consolidated financial results, revealing revenue of approximately 1,214 billion VND, an increase of nearly 35% compared to Q2/2025. This marks the highest quarterly revenue ever recorded by the company.
This growth was driven by the company's implementation of various sales programs across the three regions, including pricing policies, discounts, dealer network support services, and flexible warranty adjustments. Consequently, sales volume saw a significant increase.
Due to reduced input costs and savings in management expenses, Nagakawa reported a net profit of nearly 14,6 billion VND, up by almost 19%. This represents the company's second-highest profit level, trailing only Q1/2026.
For the first half of the year, NAG achieved over 2,295 billion VND in revenue and nearly 31 billion VND in net profit. These two indicators increased by 23% and 19% respectively, compared to the same period last year.
Nagakawa Group has been one of the leading domestic electronics manufacturers since 2002, with air conditioners being its primary product, typically accounting for 70% of its revenue. The group also engages in the business of kitchen appliances and other home electronic products. It is the only entity in the industry currently listed on the stock exchange, specifically on the Hanoi Stock Exchange (HNX).
Previously, the company faced competition from approximately 100 air conditioner brands in the market, resulting in low profit margins due to price reductions driven by pressure from inexpensive products from China, coupled with a limited distribution network. However, in recent years, the brand has strategically focused on commercial air conditioning as a niche market to expand its market share, thereby improving its business performance.
This year, Nagakawa plans to shorten its brand name to Naga. The company aims to achieve 4,000 billion VND in revenue and 42 billion VND in net profit. Both of these targets represent record highs in its operational history. After the first six months, the company completed 57% of its revenue target and nearly three-quarters of its profit plan.
Given Vietnam's hot, humid monsoon climate and a population of one hundred million, the country consumes approximately two million air conditioners annually, according to the Vietnam Association of Refrigeration and Air Conditioning Science and Technology. A report by Research & Market indicates that Vietnam is one of Asia's largest air conditioner markets, estimated to reach 2,9 billion USD in 2025.
Tat Dat
