Bunka Shutter (5930) investor relations material

Executive summary

• Q1 FY2027 net sales rose 3.0% year on year to ¥50,124 million, supported by robust demand in large-scale projects and strong International and environmental business performance, amid a moderately recovering Japanese economy but with ongoing uncertainty from rising costs and global instability.

• Operating profit turned negative, with a loss of ¥100 million or ¥111 million, mainly due to increased investments in human capital and higher raw material costs.

• Ordinary profit was ¥215 million (down from ¥364 million YoY); net loss widened to ¥317 million.

• Full-year forecast remains unchanged, projecting net sales of ¥250.0 billion (+5.8% YoY) and operating profit of ¥18.8 billion (+20.8% YoY).

Financial highlights

• Q1 FY2027 net sales: ¥50.1 billion (+3.0% YoY); operating loss: ¥100 million or ¥111 million (down from ¥292 million profit YoY).

• Ordinary profit: ¥215 million (down from ¥364 million YoY); net loss: ¥317 million (widened from ¥111 million loss YoY).

• Gross profit increased to ¥12,904 million from ¥12,384 million YoY.

• Basic earnings per share was negative at ¥(4.52), down from ¥(1.57) a year earlier.

• Capital investment in Q1: ¥716 million, mainly for production facility renewal and productivity improvements.

Outlook and guidance

• FY2027 net sales forecast: ¥250.0 billion (+5.8% YoY); operating profit: ¥18.8 billion (+20.8% YoY); net profit attributable to owners of parent at ¥13,000 million (+2.9% YoY).

• Performance expected to be weighted toward the second half due to project delivery timing and revenue recognition standards.

• No revisions to previously announced earnings or dividend forecasts.

• Capital investment for FY2027 planned at ¥6.65 billion, focusing on facility renewal and digital transformation.