Dexerials (4980) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales were ¥55,959 million, down 2.6% YoY, and business profit was ¥17,696 million, down 12.2% YoY; full-year guidance remained unchanged.

• High-end smartphone camera-module products and photonics supported results, while display ACF and ARF weakness, memory-price pressure, and higher growth-investment costs weighed on performance.

Financial highlights

• H1 operating profit was ¥17,603 million, down 11.6% YoY; profit before tax was ¥17,492 million, down 11.6%.

• Profit attributable to owners was ¥12,639 million, down 5.7% YoY; basic EPS was ¥75.41 versus ¥79.65.

• EBITDA was ¥21,726 million, down 8.4% YoY, with a 38.8% margin, down 2.5 pts.

• Q2 net sales were ¥28,776 million and business profit ¥9,421 million; business profit rose from ¥8,275 million in Q1.

Outlook and guidance

• FY2027 forecast unchanged: net sales ¥123,000 million, business profit ¥40,000 million, operating profit and profit before tax ¥38,500 million each, and parent-attributable profit ¥27,500 million.

• Forecast YoY changes are +8.1% in sales, +1.6% in business profit, +1.1% in operating profit, +0.3% in pretax profit, and -1.8% in parent profit; basic EPS is ¥163.45.

• Forecast EBITDA is ¥48,700 million with a 39.6% margin; assumed exchange rate is ¥150.0/US$.

• Guidance and shareholder-return forecasts remain unchanged despite mobile IT market uncertainty and memory-price effects.