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Daiwabo Holdings (3107) investor relations material
Daiwabo Holdings Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 net sales reached a record ¥677.352bn, up 3.1% YoY; operating income fell 7.4% to ¥20.785bn as gross margin eased from the prior-year high.
FY2027 guidance was raised on large-project wins, higher PC prices, pull-forward orders and expected strength in corporate IT demand.
Financial highlights
H1 ordinary income fell 8.1% to ¥20.786bn; profit attributable to owners fell 7.4% to ¥14.572bn, with EPS of ¥168.95 versus ¥176.04.
Gross profit was ¥47.034bn versus ¥47.579bn; gross margin was 6.9% versus 7.2%, while SG&A rose to ¥26.248bn from ¥25.144bn.
Comprehensive income was ¥15.722bn, down from ¥16.485bn; profit before income taxes was ¥21.376bn versus ¥22.879bn.
Operating cash flow was negative ¥69.541bn, primarily reflecting increased inventories.
Outlook and guidance
FY2027 forecast raised to net sales of ¥1.369tn (+1.3%), operating income of ¥43.0bn (-2.6%), ordinary income of ¥43.05bn (-4.2%) and parent profit of ¥30.5bn (-4.8%).
Revised FY EPS forecast is ¥355.44; H1 progress was 49.5% of sales guidance and 48.3% of operating income guidance.
H2 sales forecast is ¥691.647bn and operating income ¥22.214bn; IT distribution sales are expected broadly in line with the prior year despite the GIGA School peak passing.
PC prices are expected to rise further amid memory and component costs; shipments may be slightly below H1 after pull-forward demand, with higher prices and robust orders expected to limit sales declines.
- Record sales growth offset by profit declines and rising risks for the full year.3107
Q1 2027 - Record sales and profits in FY2026, but a decline is forecast for the next year.3107
Q4 2026 - Record 3Q sales and profit driven by IT and machinery growth, with strong PC and cloud demand.3107
Q3 2026 - Record-high sales and profits drive raised full-year outlook and higher dividends.3107
Q2 2026 - Record 1Q profit surge and raised outlook driven by robust IT and education demand.3107
Q1 2026 - Sales up 8.8% YoY, profits down, IT strong, textile excluded, guidance and dividends raised.3107
Q1 2025 - Record sales and profits driven by IT demand, but industrial machinery and income lagged.3107
Q2 2025 - Net profit soared 477.9% on record sales and lower extraordinary losses, with strong FY2026 outlook.3107
Q4 2025 - Record 3Q results and raised outlook, fueled by robust IT demand and PC upgrades.3107
Q3 2025
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