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VRAIN Solution (135A) investor relations material
VRAIN Solution Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY27 H1 revenue reached ¥1,884M, up 80.0% YoY; operating income rose 328.1% to ¥409M and net income rose 336.2% to ¥267M. Order backlog was ¥1,308M.
Growth reflected delivery of prior-period orders, expanded sales activity and strong demand for manufacturing AI inspection systems.
Financial highlights
H1 gross profit was ¥1,436M, up 70.6% YoY; gross margin was 76.2%, down 4.2 percentage points as physical AI and large-equipment projects gained sales share.
SG&A rose 37.6% YoY to ¥1,026M, including personnel costs of ¥421M, recruiting costs of ¥157M and R&D of ¥161M.
Q2 standalone revenue rose 90.6% QoQ to ¥1,236M; operating income was ¥440M versus a ¥31M operating loss in Q1. Gross margin was 76.0% and operating margin 35.7%.
Outlook and guidance
FY2027 guidance unchanged: revenue ¥4,823M (+47.1%), operating income ¥1,449M (+58.5%), ordinary income ¥1,449M (+58.9%), net income ¥972M (+49.2%) and EPS ¥94.85.
H1 performance is tracking plan; management expects H2 revenue growth to drive further profit accumulation.
Expansion plans include sales offices in Utsunomiya, Nagano, Hiroshima and Fukuoka following Kanazawa, plus overseas entry preparations.
Medium-term targets are 50% revenue CAGR and 30–40% operating margin; FY29 revenue planning range is ¥9,600M–¥12,000M.
Forecasts depend on current information and assumptions, and actual results may differ materially.
- Revenue up 231.5% YoY, losses narrowed, and outlook remains robust with strong order backlog.135A
Q1 2027 - Record revenue and strong equity ratio, but profit fell on higher costs and investments.135A
Q2 2025 - Q1 revenue up 24.5% YoY, operating income down 42%, with capital reduction for flexibility.135A
Q1 2025 - Record revenue and profit growth, with 50% sales increase forecast for FY2026.135A
Q4 2025 - Revenue up 14% YoY, but profit down over 50% on higher costs; outlook unchanged.135A
Q3 2025 - Revenue up 29.5% YoY, profits down on higher costs, but strong growth and guidance maintained.135A
Q2 2026 - Q1 losses from delayed sales and relocation costs, but strong growth and profitability forecast for FY2026.135A
Q1 2026 - Revenue up 35.7% YoY, profit down 59.9% on higher costs; guidance maintained.135A
Q3 2026 - Revenue and profit soared over 50% YoY, with strong FY2027 outlook and global expansion plans.135A
Q4 2026
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Next VRAIN Solution earnings date
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