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TOPPAN (7911) investor relations material
TOPPAN 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 9.3% YoY to ¥943.8bn; operating profit increased 76.7% to ¥43.8bn and profit attributable to owners of parent rose 51.6% to ¥45.3bn.
Non-GAAP operating profit grew 41.2% to ¥54.6bn; excluding the TPC transition effect, net sales rose 17.6% and non-GAAP operating profit increased 112.4%.
Growth in Living & Industry and Information Solutions was partly offset by lower reported Electronics sales following TPC’s transition to an equity-method associate.
FY2027 guidance was revised to ¥1,950bn net sales and ¥117bn non-GAAP operating profit, with higher segment plans for Living & Industry and Electronics.
Financial highlights
Gross profit rose to ¥222.9bn from ¥203.2bn; operating profit was ¥43.8bn versus ¥24.8bn, and ordinary profit was ¥42.8bn versus ¥26.1bn.
Non-GAAP operating profit increased 41.2% to ¥54.6bn; non-GAAP profit attributable to owners of parent rose 69.5% to ¥41.7bn; EBITDA increased 31.3% to ¥90.1bn.
Operating margin was 4.6%, up from 2.9%; non-GAAP operating margin rose to 5.8% from 4.5%.
Comprehensive income was ¥82.0bn versus ¥19.6bn, including ¥34.8bn in other comprehensive income; extraordinary income included ¥19.1bn from investment-security sales.
Outlook and guidance
FY2027 guidance: net sales ¥1,950bn (+8.0%), operating profit ¥95.0bn (+41.6%), ordinary profit ¥92.5bn (+22.2%) and profit attributable to owners of parent ¥57.0bn (-12.0%).
Full-year non-GAAP operating profit is forecast at ¥117.0bn (+24.2%), non-GAAP profit attributable to owners of parent at ¥86.5bn (+21.4%) and EBITDA at ¥190.0bn (+22.7%).
Living & Industry guidance rose to ¥880bn net sales and ¥73bn non-GAAP operating profit; Electronics rose to ¥172bn and ¥35bn, respectively.
Information Solutions guidance was reduced to ¥925bn net sales and ¥55bn non-GAAP operating profit, reflecting delays against the initial plan.
Non-GAAP EPS is forecast at ¥156.06 and basic EPS at ¥102.83 after the October 1 two-for-one split; year-end dividend forecast is ¥29 per post-split share.
- Sales grew, operating profit eased; FY2025 guidance targets 18.5% operating-profit growth.7911
Q4 2024 - FY2025 growth centers on semiconductors, SX packaging and digital services.7911
Investor Day 2024 - Record profit and 15% sales growth, led by Living & Industry and strategic merger.7911
Q1 2027 - Sales rose 5% but profits fell amid acquisitions, divestitures, and restructuring.7911
Q4 2026 - Net sales rose 5.2% but profits fell due to costs and a major electronics divestiture.7911
Q3 2026 - Advanced packaging for AI and servers targets JPY 350bn sales by 2030.7911
Investor Update - Sales up 4.3% and adjusted profit rose, but higher costs and M&A weighed on GAAP profit.7911
Q2 2026 - Operating profit surged 20.1% year-over-year amid acquisitions and balance sheet restructuring.7911
Q1 2026 - Profits surged on digital and global growth, with major acquisitions and robust cash flow.7911
Q4 2025
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