BML (4694) Q2 2027 earnings summary

Executive summary

• H1 FY2026 net sales rose 3.2% YoY to ¥78,038 million; operating profit increased 2.2% to ¥6,046 million, while profit attributable to owners of parent fell 4.9% to ¥4,010 million.

• Sales gains reflected new-customer acquisition and price optimization; operating profit growth came despite higher depreciation from new testing equipment operations.

Financial highlights

• Gross profit was ¥25,841 million versus ¥25,152 million in H1 FY2025; SG&A rose to ¥19,795 million from ¥19,237 million.

• Ordinary profit rose 3.5% YoY to ¥6,335 million; profit before income taxes declined to ¥6,281 million from ¥6,624 million.

• Net income attributable to owners of parent was ¥4,010 million, down 4.9% YoY; basic EPS was ¥106.98 versus ¥109.38.

• Operating cash flow was ¥6,242 million; investing cash outflow was ¥14,863 million and financing cash outflow was ¥3,489 million. Cash and equivalents ended at ¥52,573 million.

Outlook and guidance

• FY2026 forecast unchanged: net sales ¥155,000 million, operating profit ¥10,500 million, ordinary profit ¥11,000 million, and attributable profit ¥7,000 million.

• Full-year basic EPS forecast is ¥186.75; forecast changes were not made, and the stated full-year dividend forecast is ¥125 per share.