AlphaPolis (9467) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 13.9% YoY to ¥9,100.9m; operating profit increased 6.6% to ¥1,808.5m, ordinary profit 7.5% to ¥1,844.2m, and net profit 19.0% to ¥1,225.6m.

• Publishing remained the larger business, while Anime sales surged and the segment returned to profitability, contributing to overall growth.

Financial highlights

• Gross profit was ¥6,337.2m, versus ¥6,120.4m in the prior-year half; gross margin was 69.6%, versus 76.6%.

• SG&A rose 2.4% to ¥4,528m; sales commissions declined 4.3%, while personnel expenses rose 35.9% and other expenses rose 21.1%.

• Basic EPS was ¥42.17, versus ¥35.43 in the prior-year half.

Outlook and guidance

• FY2027 forecasts were unchanged: net sales ¥18,500m, operating profit ¥3,700m, ordinary profit ¥3,740m, net profit ¥2,560m, and basic EPS ¥88.09.

• Full-year dividend forecast remained ¥27 per share.

• FY2029 overseas manga profit ratio target was revised to 10% under a digital-plus-paper sales definition; the FY2030 target remains 20x FY2023 production-committee profits.

• Planned anime slate includes Tsukimichi: Moonlit Fantasy Season 3, GATE SEASON2, and Re:Monster Season 2, alongside other titles scheduled for 2027 or in production.