Adeka (4401) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales were ¥223,151m, up 14.0% YoY; operating profit was ¥27,678m, up 40.0%, and profit attributable to owners was ¥19,010m, up 53.1%.

• AI-related capital investment supported semiconductor demand; resource-price and logistics uncertainty persisted amid Middle East instability and inflation.

Financial highlights

• Ordinary profit rose 42.5% YoY to ¥28,497m; comprehensive income increased 48.9% to ¥30,343m.

• Gross profit was ¥68,311m versus ¥56,292m; operating profit was ¥27,678m versus ¥19,765m.

• Operating cash flow increased to ¥38,424m from ¥31,285m; cash and cash equivalents ended H1 at ¥91,596m versus ¥102,026m at FY2026 year-end.

Outlook and guidance

• FY2027 forecast: net sales ¥468,000m, operating and ordinary profit ¥53,000m each, profit attributable to owners ¥33,500m, and basic EPS ¥345.19.

• Full-year earnings and year-end dividend forecasts were revised based on H1 results and recent business trends.

• FY2027 dividend forecast is ¥140 per share, comprising ¥66 interim and ¥74 year-end; FY2026 annual dividend was ¥112.