Aica Kogyo (4206) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales reached ¥149,082M, up 22.9% YoY; operating profit rose 37.1% to ¥18,298M and ordinary profit rose 25.5% to ¥18,414M.

• Net income attributable to owners of parent increased 4.8% to ¥9,879M; Stylam Industries Limited entered the consolidation scope from Q1.

Financial highlights

• Gross profit increased to ¥42,230M from ¥33,550M, while SG&A rose to ¥23,931M from ¥20,201M.

• Profit before income taxes was ¥17,508M versus ¥14,671M; results included a ¥906M loss on step acquisitions.

• Comprehensive income was ¥14,945M versus ¥6,331M a year earlier.

• Operating cash flow was ¥28,495M versus ¥10,813M; period-end cash and cash equivalents were ¥46,588M.

Outlook and guidance

• FY2027 forecast revised upward: net sales ¥300,000M, operating profit ¥35,300M, ordinary profit ¥35,800M and parent-attributable profit ¥19,800M.

• Forecast basic EPS is ¥299.50; actual results may differ from forecasts based on current information and assumptions.

• FY2027 annual dividend forecast is ¥144/share, including ¥72/share for the second quarter and ¥72/share at year-end; the dividend forecast was not revised.