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Nippon Light Metal Holdings Company (5703) investor relations material
Nippon Light Metal Holdings Company Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 net sales rose 21.2% YoY to ¥337.8bn; operating profit increased 83.5% to ¥21.4bn, ordinary profit 107.0% to ¥20.2bn and parent-attributable profit 110.8% to ¥11.5bn.
FY2027 guidance was revised to net sales ¥700.0bn, operating profit ¥37.0bn, ordinary profit ¥35.0bn and parent-attributable profit ¥20.0bn.
Financial highlights
H1 gross profit rose to ¥60.9bn from ¥48.5bn; SG&A increased to ¥39.5bn from ¥36.9bn.
Ordinary-profit drivers included sales changes +¥8.0bn, growth products +¥2.1bn, sales prices +¥4.2bn and aluminum-ingot-related gains +¥4.4bn; fixed costs were a ¥4.5bn headwind.
Total assets increased ¥27.1bn to ¥583.4bn from FY2026 year-end; inventories rose ¥18.4bn to ¥128.6bn and borrowings increased ¥15.5bn to ¥181.5bn.
Operating cash flow was ¥15.4bn versus ¥23.1bn; investing cash outflow was ¥13.5bn versus ¥11.8bn. Free cash flow fell as ingot prices lifted working capital and fixed-asset spending rose.
Outlook and guidance
FY2027 guidance is net sales ¥700.0bn (+19.6% YoY), operating profit ¥37.0bn (+44.4%), ordinary profit ¥35.0bn (+48.0%) and parent-attributable profit ¥20.0bn (+28.3%); forecast EPS is ¥324.57.
Revised guidance compares with prior forecasts of ¥690.0bn sales, ¥33.0bn operating profit and ¥31.0bn ordinary profit; H2 profit is expected below H1 as ingot-price tailwinds ease.
Secondary-alloy, semiconductor-related and LiB-sheet demand is expected to remain strong; price revisions should increasingly offset higher raw-material costs in H2.
FY2027 dividend forecast is ¥110 per share: ¥50 interim and ¥60 year-end, up ¥30 from the prior year.
- Operating profit more than doubled year-over-year, driving upward revisions to forecasts and dividends.5703
Q1 2027 - Pursuing global leadership in circular value creation with growth in semiconductors, EVs, and recycling.5703
Investor presentation - Aims for global leadership in circular value creation with strong profit growth and higher returns.5703
Investor presentation - Profit up 20% YoY, FY2027 outlook strong with higher dividend and robust segment growth.5703
Q4 2026 - Profits and sales surged year-over-year, with strong segment contributions and a positive outlook.5703
Q3 2026 - Operating profit up 36.5% YoY, with robust outlook and higher dividend forecast.5703
Q2 2026 - Profits and sales rose, outlook steady, merger cancelled, and dividend forecast increased.5703
Q2 2025 - Profits and sales surged on strong U.S. alloy demand and higher aluminum prices, with improved outlook.5703
Q1 2025 - Profits and sales rose, outlook steady amid sector and global uncertainties.5703
Q3 2025
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