JBCC Holdings (9889) investor relations material

Executive summary

• H1 FY27 net sales rose 4.9% YoY to ¥39,313m; operating profit increased 21.5% to ¥4,382m, lifting operating margin 1.5 pts to 11.1%.

• Cloud and Security posted record H1 sales and new orders; recurring-revenue businesses represented 57.6% of sales, toward the 60% MTBP target.

• Management expects a fifth consecutive year of sales and profit growth, a sixth consecutive year of record profit, and achievement of the MTBP operating-margin target.

Financial highlights

• H1 ordinary profit rose 18.2% to ¥4,432m and profit attributable to owners of parent rose 13.2% to ¥2,835m; basic EPS was ¥46.70 versus ¥40.23.

• H1 gross profit increased 18.4% to ¥12,978m; consolidated gross margin rose 1.0 pt to 33.0%.

• Q2 net sales were ¥19,773m (+3.5% YoY); operating profit was ¥2,225m (+22.2%), ordinary profit ¥2,230m (+19.8%), and parent-attributable profit ¥1,453m (+16.8%).

• Comprehensive income declined to ¥2,650m from ¥2,753m, reflecting a ¥185m total loss in other comprehensive income versus ¥246m of income.

Outlook and guidance

• FY27 forecasts were unchanged: net sales ¥79,500m, operating profit ¥8,745m, ordinary profit ¥8,845m, net profit ¥6,045m and EPS ¥99.54; operating margin target is at least 11%.

• H1 progress against full-year forecasts was 49.5% for sales, 50.1% for operating profit and 46.9% for parent-attributable profit.

• FY27 annual dividend forecast is ¥60 per share, up from ¥42 in FY26; interim and year-end dividends were each raised to ¥30 per share.

• Priorities include continued Cloud and Security growth, improved profitability and expanded customer value through the AI Service Model Concept.