Casio Computer Co (6952) Q1 2027 earnings summary

Executive summary

• Q1 net sales reached ¥74.5 billion, up 19.8% year-on-year, with operating profit up 243.5% to ¥12.8 billion and net profit up 152% to ¥9.4 billion, all setting new Q1 records, driven by strong Timepiece and Consumer segment growth and favorable exchange rates.

• Timepiece and Consumer segments both saw increased sales and profit, with Timepiece OP margin at 23.1% and Consumer at 15.9%.

• G-SHOCK and Casio Watch brands drove double-digit growth and higher profitability globally, with G-SHOCK accounting for 42% of Q1 sales.

• Upward revision of full-year forecasts for net sales and operating profit, reflecting robust Q1 results and a U.S. tariff refund.

• EPS for the quarter was ¥41.92, compared to ¥16.32 in the prior year.

Financial highlights

• Operating profit margin for Q1 was 17.2%.

• Ordinary profit rose 206.7% year-on-year to ¥13.4 billion.

• Gross profit increased to ¥37.4 billion from ¥25.9 billion year-over-year.

• Comprehensive income for the quarter was ¥11.6 billion, up from ¥3.3 billion year-over-year.

• Full-year forecast revised upward: net sales ¥300 billion, operating profit ¥34 billion, net profit ¥23.5 billion, EPS ¥106.5.

Outlook and guidance

• Full-year and first-half forecasts revised upward, with net sales up ¥5 billion and operating profit up ¥8 billion from previous guidance.

• Upward revision driven by Timepiece segment outperformance and U.S. tariff refund impact.

• Timepiece segment full-year sales forecast raised to ¥202 billion, OP to ¥36.5 billion.

• Exchange rates assumed at USD/JPY 155, EUR/JPY 180, CNY/JPY 22.5.

• OPM expected to improve to 11.3% for the full year.