Daiei Kankyo (9336) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 22.5% YoY to ¥48,988 million, operating profit increased 29.3% to ¥11,548 million, and EBITDA advanced 42.4% to ¥18,219 million.

• Higher waste and contaminated-soil volumes, including subsidiary contributions, lifted results above plan; full-year sales and EBITDA forecasts rose while operating-profit guidance held steady.

Financial highlights

• H1 ordinary profit increased 25.0% YoY to ¥11,302 million and parent-attributable profit rose 18.6% to ¥7,208 million; basic EPS was ¥72.18 versus ¥61.70.

• Gross profit was ¥20,650 million versus ¥16,778 million YoY; Q2 operating margin was 23.9%, versus 23.2% in Q1.

• Comprehensive income was ¥7,600 million versus ¥5,948 million YoY.

Outlook and guidance

• FY2027/3 net sales forecast rose ¥2,600 million to ¥96,500 million; operating profit remained ¥24,300 million and EBITDA increased ¥800 million to ¥37,900 million.

• Revised forecasts assume waste receipts of 2,700 thousand tons and contaminated-soil receipts of 600 thousand tons, up 90 and 40 thousand tons from initial plans.

• FY2027 ordinary profit forecast is ¥23,100 million and parent-attributable profit ¥16,400 million; basic EPS is ¥164.25. Annual dividend forecast is ¥55 per share.

• D-Plan 2028 targets ¥100,000 million sales, ¥25,000 million operating profit and ¥38,000 million EBITDA in FY2028/3.