Elecom Co (6750) Q2 2027 earnings summary

Executive summary

• H1 FY27 net sales rose 20.8% YoY to ¥71,085m; operating profit increased 26.9% to ¥7,860m, with operating margin up 0.5pt to 11.1%.

• Acquisitions, B2B Solutions growth and e-commerce demand supported higher sales and profit; gross profit gains more than offset higher SG&A.

Financial highlights

• Gross profit was ¥27,928m, up 18.5% YoY; gross margin fell 0.8pt to 39.3%, while SG&A increased to ¥20,068m from ¥17,371m.

• Ordinary profit rose 24.3% to ¥7,846m and net profit attributable to owners of parent increased 28.4% to ¥5,498m.

• Basic EPS was ¥68.27, versus ¥56.10 a year earlier; equity ratio was 75.4% at September 30, 2026.

Outlook and guidance

• FY03/27 forecasts remain unchanged: net sales ¥144,800m, operating profit ¥16,500m, ordinary profit ¥16,400m, net profit ¥11,450m and EPS ¥142.17.

• Planned annual dividend is ¥58/share, comprising ¥29 interim and ¥29 year-end; the 17th consecutive annual increase is planned.

• H2 priorities include mass-retail profitability and inventory optimization amid weak PC shipments and a challenging business environment.