Ishihara Sangyo Kaisha (4028) investor relations material

Executive summary

• H1 FY2027 net sales fell 3.8% YoY to ¥73,571 million; operating profit dropped 58.2% to ¥3,080 million, and profit attributable to owners of parent was a loss of ¥999 million.

• Comprehensive income was a loss of ¥135 million, versus income of ¥5,832 million in H1 FY2026.

Financial highlights

• Net sales were ¥73,571 million, down 3.8% YoY; gross profit was ¥19,570 million versus ¥21,655 million, while SG&A rose to ¥16,490 million from ¥14,283 million.

• Operating profit was ¥3,080 million, down 58.2% YoY; ordinary profit was ¥3,854 million, down 54.7%.

• Profit attributable to owners of parent was a loss of ¥999 million, versus profit of ¥5,649 million; basic EPS was -¥26.09 versus ¥147.66.

• Operating cash flow was ¥21,507 million, investing cash flow was -¥1,229 million, and financing cash flow was -¥9,502 million.

Outlook and guidance

• FY2027 forecast: net sales ¥151,000 million (-2.5%), operating profit ¥15,800 million (-17.2%), ordinary profit ¥15,600 million (-28.2%), and parent-attributable profit ¥7,100 million (-57.3%).

• Basic EPS forecast is ¥185.29; the financial results forecast was revised from the most recently announced forecast.

• FY2027 annual dividend forecast is ¥130 per share, including a ¥50 second-quarter dividend; the dividend forecast was not revised.