Tsugami (6101) investor relations material

Executive summary

• H1 FY2027/3 revenue, operating profit and parent-attributable profit all reached record highs despite continued market uncertainty.

• Strong first-half results and order trends prompted an upward revision to FY2027/3 guidance.

Financial highlights

• H1 revenue rose 35.2% YoY to ¥81,207 million; gross profit was ¥31,501 million, versus ¥21,823 million a year earlier.

• Operating profit increased 65.8% to ¥25,220 million; profit before tax rose 70.5% to ¥25,460 million.

• Net profit increased 61.3% to ¥17,327 million; parent-attributable profit rose 72.2% to ¥12,304 million.

• Operating margin was 31.1%, versus 25.3%; parent-attributable profit margin was 15.2%, versus 11.9%.

• Basic EPS was ¥268.23, versus ¥153.40; total comprehensive income was ¥19,244 million, versus ¥12,349 million.

Outlook and guidance

• FY2027/3 forecast was raised to revenue of ¥160,000 million, operating profit of ¥48,000 million and parent-attributable profit of ¥22,500 million.

• Forecast basic EPS is ¥492.66; annual dividend forecast rose to ¥122 per share from ¥98, including a ¥61 year-end dividend.

• Revised guidance compares with initial forecasts of ¥36.5bn operating profit and ¥17.0bn parent-attributable profit.