Eiwa (9857) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 4.5% YoY to ¥22.18bn; operating profit increased 14.7% to ¥1.31bn and net income attributable to owners grew 22.4% to ¥948m.

• Demand from power and shipbuilding, conversion of the prior year-end order backlog, and higher-value solution sales supported results; lower expenses than planned also lifted profit.

Financial highlights

• Gross profit increased 10.6% YoY to ¥4.08bn; ordinary profit rose 16.3% to ¥1.36bn.

• Special gains included ¥17m from a step acquisition and ¥35m in negative goodwill; pretax income was ¥1.42bn and net income was ¥948m.

• Comprehensive income increased 39.7% YoY to ¥1.17bn.

Outlook and guidance

• FY2027 guidance: revenue ¥50.0bn (+2.4%), operating profit ¥2.92bn (-1.9%), ordinary profit ¥3.00bn (-1.4%), net income ¥2.00bn (-3.4%), EPS ¥316.03.

• The full-year forecast was revised from the May 2026 outlook, with the revision announced on Oct. 8, 2026.

• FY2027 annual dividend forecast is ¥96/share, including ¥48/share for the interim period; no change from the latest dividend forecast.