ANEST IWATA (6381) Q2 2027 earnings summary

Executive summary

• H1 FY2026 net sales rose 19.6% YoY to ¥31,478 million; operating profit increased 44.3% to ¥3,623 million, ordinary profit 28.7% to ¥4,241 million and parent-attributable profit 22.5% to ¥2,647 million.

• Growth reflected stronger demand across air compressors and coating businesses, regional sales gains and SANWA consolidation; full-year forecasts remained unchanged.

Financial highlights

• Results exceeded the August 10 first-half forecast: net sales by 3.2%, operating profit by 20.8%, ordinary profit by 11.6% and net income by 15.1%.

• Gross profit was ¥14,400 million versus ¥12,228 million YoY; SG&A was ¥10,776 million versus ¥9,716 million.

• Comprehensive income was ¥4,320 million, up 182.3% YoY, including ¥1,163 million of other comprehensive income.

• FX impact: net sales +¥1,886 million and operating profit +¥103 million; ordinary profit -¥120 million and profit -¥107 million.

Outlook and guidance

• FY2026 forecast unchanged: net sales ¥60,700 million, operating profit ¥5,400 million, ordinary profit ¥6,460 million and parent-attributable profit ¥3,950 million; EPS ¥100.45.

• FY2026 annual dividend forecast is ¥93/share, including ¥5/share in commemorative dividends; interim dividend was ¥43 and year-end forecast is ¥50.

• A new oil-free medium-sized air compressor is scheduled to launch in FY2026, with earnings contribution expected from the next fiscal year; forecast assumptions exclude potential component-cost increases and longer lead times.