AS ONE (7476) Q1 2027 earnings summary

Executive summary

• Net sales reached ¥30,002 million, up 17.0% year-over-year, and operating profit rose 27.3% to ¥3,980 million, both marking record highs for Q1, driven by robust demand in research, industrial, and medical instruments.

• Profit attributable to owners of parent increased 25.2% to ¥2,853 million, with all major profit metrics achieving record levels.

• Growth was supported by strong R&D activity, increased demand for plastic consumables, and expanded e-commerce and consolidated purchasing by large customers.

Financial highlights

• Gross profit increased 17.6% year-over-year to ¥9,269 million, with a gross profit margin of 30.9%, up 0.2 points.

• Operating profit margin improved to 13.3%, up 1.1 points year-over-year.

• EPS rose 25.9% to ¥40.04.

• SG&A expenses increased 11.3% year-over-year to ¥5,288 million, but the SG&A ratio improved by 0.9 points to 17.6% due to efficient cost management.

• Comprehensive income increased 35.8% year-over-year to ¥4,445 million.

Outlook and guidance

• Full-year forecast for FY ending March 31, 2027: net sales ¥117,850 million (+6.5% YoY), operating profit ¥12,900 million (+0.5%), ordinary profit ¥13,350 million (+0.9%), profit attributable to owners of parent ¥8,970 million (−2.3%), EPS ¥125.86.

• Dividend per share forecast at ¥66.00.

• No changes to initial guidance; the outlook does not factor in the ongoing Middle East situation.

• Extraordinary loss of ¥244 million expected due to demolition and logistics hub consolidation.