Enplas (6961) Q2 2027 earnings summary

Executive summary

• H1 FY2027 sales rose 31.4% YoY to ¥27,469 million; operating income increased 62.2% to ¥4,947 million, led by Semiconductor growth.

• FY2027 forecasts were raised to ¥55,000 million sales and ¥9,000 million operating income; the annual dividend forecast increased to ¥120 per share.

Financial highlights

• H1 ordinary income rose 60.3% YoY to ¥4,938 million; profit attributable to owners of parent increased 70.1% to ¥3,823 million.

• H1 gross profit was ¥12,870 million versus ¥9,319 million YoY; SG&A increased to ¥7,923 million from ¥6,268 million, including higher labor, R&D, depreciation and relocation expenses.

• 2Q sales were ¥14,896 million and operating income was ¥2,618 million; net profit was ¥2,040 million and EPS was ¥225.62.

• H1 basic EPS was ¥422.93 versus ¥254.08 YoY; diluted EPS was ¥420.66 versus ¥252.16.

Outlook and guidance

• FY2027 forecast: sales ¥55,000 million, operating income ¥9,000 million, ordinary income ¥9,100 million and parent-attributable profit ¥7,000 million.

• 2H Semiconductor sales are expected to match 1H; server and automotive SoC demand should remain strong, while mobile remains weak.

• Forecast assumes a 2H exchange rate of ¥150/$; SG&A forecast increased from ¥15,800 million to ¥16,800 million, including temporary cost increases.

• FY2027 basic EPS forecast is ¥773.96; annual dividend forecast rose from ¥90 to ¥120 per share.