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H2O Retailing (8242) investor relations material
H2O Retailing Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
1H FY27 gross sales rose 5.5% YoY to ¥585,965m; net sales increased 0.1% to ¥333,338m.
Operating profit rose 15.8% to ¥13,725m, ordinary profit rose 19.3% to ¥14,812m, and parent-attributable profit rose 115.5% to ¥14,890m.
Financial highlights
Gross profit increased to ¥153,595m from ¥148,570m; SG&A rose to ¥139,869m from ¥136,715m.
SG&A increased 2.3% YoY; advertising rose 11.7%, sales commissions 10.6% and depreciation 2.6%.
H1 profit was ¥15,432m versus ¥7,416m; comprehensive income declined to ¥12,775m from ¥18,137m.
Outlook and guidance
FY27 forecast: gross sales ¥1,230,500m (+5.9%), net sales ¥695,000m (+2.2%), and operating profit ¥33,500m (+3.4%).
Full-year ordinary profit is forecast at ¥34,000m (-1.5%) and parent-attributable profit at ¥23,500m (-21.5%); EPS forecast is ¥207.69.
2H operating profit is forecast at ¥19,774m (-3.7%), ordinary profit at ¥19,187m (-13.2%) and profit at ¥8,609m (-62.6%).
- Record 1Q profit surged 685% on extraordinary gains, prompting raised full-year guidance.8242
Q1 2025 - Record 1H FY2025 profit and sales growth led by department stores and inbound demand.8242
Q2 2025 - Profits more than doubled on record sales and extraordinary gains; dividend up ¥12.8242
Q3 2025 - FY2025 saw record sales, profit, and dividends, with FY2026 profit to dip amid major remodeling.8242
Q4 2025 - Operating profit fell 40.6% YoY as department store profits dropped, but supermarkets grew.8242
Q1 2026 - Net sales grew 0.5% YoY, profits fell, but profit guidance was raised on Toho share gains.8242
Q2 2026 - Operating profit fell year-over-year, but strong supermarket and subsidiary growth offset declines.8242
Q3 2026 - Flat sales and lower profit, but supermarkets excelled and cash reserves improved.8242
Q4 2026 - Profits surged on strong department store growth and renovations, with guidance raised.8242
Q1 2027
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