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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Honyaku Center
Honyaku Center (2483) investor relations material
Honyaku Center Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary10 Nov, 2026
Executive summary
H1 FY Mar-2027 revenue fell 9.5% YoY to ¥4,837m; operating profit fell 58.0% to ¥145m as translation orders declined, despite lower production costs and improved gross margin rate.
Net income attributable to owners fell 62.4% YoY to ¥89.7m; full-year guidance was revised to revenue ¥10,000m and net income ¥320m.
Financial highlights
H1 revenue ¥4,837m, gross profit ¥2,377m, operating profit ¥145m, ordinary profit ¥158m and net income ¥89.7m; prior-year figures were ¥5,345m, ¥2,535m, ¥347m, ¥367m and ¥239m, respectively.
Gross profit rate improved as translation production costs declined substantially through workflow efficiencies, but lower translation sales reduced gross profit.
Comprehensive income was ¥86m vs ¥238m YoY; EPS was ¥26.71 vs ¥71.36.
Outlook and guidance
FY Mar-2027 guidance: revenue ¥10,000m (-8.0%), operating profit ¥480m (-31.9%), ordinary profit ¥500m (-33.2%), net income ¥320m (-30.7%) and EPS ¥95.21; forecast revised on Nov. 10.
FY dividend forecast remained ¥140/share, comprising ¥0 interim and ¥140 year-end; the prior FY annual dividend was also ¥140/share.
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Latest events from Honyaku Center
- FY25 guidance targets 7% sales growth and 16.3% operating-profit growth.2483
Q4 2024 - Revenue grew 3.6%, but higher SG&A drove lower H1 profit.2483Q2 2024
- Translation weakness drove an 8.0% sales decline as Interpretation reached a first-quarter record.2483Q1 2027
- Net sales rose 5.3% year-over-year, but net income declined 4.0% amid macroeconomic uncertainty.2483Q1 2025
- Interpreting growth lifted 1H sales; FY guidance targets stronger profit and a record ¥75 dividend.2483Q2 2025
- Net income rose 4.6% year-over-year to ¥418 million, driven by a gain on sale of subsidiary shares.2483Q3 2025
- Record Translation and Interpretation sales were outweighed by convention weakness and cost pressure.2483Q4 2025
- H1 sales fell 2.2%, while net income rose and Interpretation sales reached a record.2483Q2 2026
- FY2026 profit fell amid Translation weakness; FY2027 growth is forecast, with lower FY2028 targets.2483Q4 2026
Next Honyaku Center earnings date
Q3 20279 Feb, 2027
Honyaku Center
Next Honyaku Center earnings date
Q3 20279 Feb, 2027
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