Central Glass (4044) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 19.5% YoY to ¥79,383m; operating profit reached ¥9,467m and parent-attributable profit was ¥7,274m.

• Results exceeded the August forecast, supported by specialty-gas price revisions, stronger Applied Chemicals shipments, and growth in Electronic Materials, Energy Materials and Glass.

Financial highlights

• Ordinary profit was ¥9,340m, up 173.7% YoY; basic EPS was ¥293.41 versus ¥86.17 a year earlier.

• Gross profit increased to ¥23,858m from ¥16,495m; comprehensive income was ¥12,000m, including ¥3,673m in securities valuation gains.

• Versus the August forecast, operating profit exceeded by ¥3.3bn, parent profit by ¥3.1bn and sales by ¥0.4bn.

• R&D expenses were ¥3,769m, down 2.0% YoY.

Outlook and guidance

• FY2027 forecast: net sales ¥171,000m, operating profit ¥16,000m, ordinary profit ¥16,200m, parent-attributable profit ¥12,500m and EPS ¥504.15.

• Versus August, guidance increased by ¥3.5bn for sales, ¥5.0bn for operating profit, ¥4.9bn for ordinary profit and ¥4.5bn for parent profit.

• Electronic Materials sales forecast was cut ¥3.4bn to ¥34.0bn on Q3 order adjustments and sourcing changes, while operating profit guidance rose ¥1.6bn to ¥7.0bn.

• H2 Electronic Materials operating profit is expected to fall temporarily by ~¥2.0bn, primarily due to order adjustments; Energy Materials' full-year operating loss forecast widened to ¥2.9bn.

• Life & Healthcare guidance rose on lower raw-material costs and stronger HFO and agrochemical-related sales; Glass guidance rose on price revisions.