Amada (6113) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 25.0% YoY to ¥230,406 million; orders reached a record ¥353,703 million, up 75.8%.

• Operating profit increased 91.6% to ¥28,023 million and profit attributable to owners rose 83.4% to ¥18,183 million.

Financial highlights

• Revenue was ¥230,406 million versus ¥184,280 million; gross profit rose to ¥97,269 million from ¥76,459 million, while SG&A increased to ¥68,881 million from ¥62,454 million.

• Gross margin improved to 42.2% from 41.5%, and operating margin to 12.2% from 7.9%.

• Operating profit increased ¥13.4bn YoY, supported by sales volume, COGS percentage changes and foreign exchange, partly offset by SG&A and other items; H1 also benefited from U.S. tariff refunds.

Outlook and guidance

• FY2027 forecast: revenue ¥490,000 million, operating profit ¥58,000 million, profit attributable to owners ¥40,000 million and orders ¥600,000 million; respective growth forecasts are 12.0%, 29.5%, 30.9% and 31.3%.

• Versus the prior forecast, revenue rose ¥30.0bn, operating profit ¥10.0bn, net income ¥6.0bn and orders ¥140.0bn.

• FY2027 forecast dividends total ¥64 per share, comprising ¥32 for each half, versus ¥62 for FY2026; forecast payout ratio is 48.5%.