DAIKO XTECH (8023) Q2 2027 earnings summary

Executive summary

• H1 FY2027 orders rose 4.0% YoY and backlog grew 14.5%; revenue was nearly flat as semiconductor-related delivery delays deferred sales.

• Gross profit increased, while operating profit was nearly unchanged as personnel and development investment offset improved business mix and service growth.

Financial highlights

• Revenue was ¥20,455m, down ¥16m YoY; gross profit was ¥5,264m, up from ¥5,051m.

• Operating profit was ¥681m, up 1.1%; ordinary profit was ¥743m, up 4.6%; net income attributable to owners was ¥520m, up 17.7%.

• Orders reached ¥22,345m, up 4.0% YoY; order backlog was ¥12,241m, up 14.5%.

• SG&A rose to ¥4,582m, reflecting hiring, compensation, training and priority-solution development investment.

Outlook and guidance

• FY2027 guidance remained unchanged: revenue ¥43,500m, operating profit ¥2,600m, ordinary profit ¥2,680m and net income attributable to owners ¥1,750m.

• H1 orders were 50.2% of plan; backlog conversion is expected to support H2 growth.

• CANVAS TWO targets FY2028 revenue of ¥45,000m and operating profit of ¥3,000m; the FY2031 vision targets ¥50bn revenue and an 8.0% operating margin.