BIPROGY (8056) Q1 2027 earnings summary

Executive summary

• Q1 FY2027 revenue and operating profit declined as product procurement delays linked to internal system integration deferred ~¥6.0B of planned Q1 revenue.

• Orders and order backlog rose sharply year over year, supported by large AI-related projects and steady accumulation across segments.

• System services and outsourcing improved profitability, while support services, software and hardware declined.

Financial highlights

• Revenue was ¥91,464m (-5.6% YoY), operating profit ¥6,817m (-20.4%), adjusted operating profit ¥6,688m (-14.7%) and attributable profit ¥4,484m (-23.1%).

• Gross profit was ¥24,390m (+2.5%); SG&A rose to ¥17,702m from ¥15,947m.

• Orders were ¥119.9B (+25.8%) and order backlog was ¥177.7B (+29.2%) year over year.

• Profit before tax was ¥6,651m versus ¥8,523m; basic EPS was ¥46.42 versus ¥59.42 year over year.

• Operating cash flow was ¥14,516m, down ¥7,185m YoY; cash and cash equivalents ended the quarter at ¥47,037m.

Outlook and guidance

• FY2027 forecast unchanged: revenue ¥470,000m (+8.4%), operating profit ¥48,400m (+13.6%), profit before tax ¥48,000m (+9.5%) and attributable profit ¥32,200m (+3.2%).

• Adjusted operating profit forecast is ¥48,400m (+11.1%); basic EPS forecast is ¥333.41.

• Dividend forecast remains ¥140 per share, split between ¥70 at Q2 and ¥70 at year-end; payout ratio forecast is 42.0%.