FP Corporation (7947) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue was ¥129.009bn, up 8.0% YoY; operating profit rose 18.1% to ¥10.978bn and net income rose 15.6% to ¥7.430bn.

• Price revisions of 20% or more took effect for shipments from June 1, 2026, with the main profit contribution reflected from Q2.

• FY2027 guidance targets record revenue of ¥264.0bn and recurring profit of ¥25.8bn.

Financial highlights

• H1 product sales reached ¥99.179bn (+8.2%) and merchandise sales ¥29.830bn (+7.3%); product unit volume increased 3.6%.

• H1 recurring profit rose ¥1.69bn YoY; price revisions and sales mix contributed ¥3.87bn, while market and raw-material conditions reduced profit by ¥3.31bn.

• Gross profit was ¥40.882bn versus ¥37.832bn YoY; SG&A was ¥29.904bn versus ¥28.536bn.

• Operating cash flow was ¥14.751bn versus ¥11.613bn YoY; investing cash outflow was ¥16.756bn versus ¥6.798bn.

• Depreciation-adjusted recurring profit was ¥18.252bn, up 9.9% YoY.

Outlook and guidance

• FY2027 forecast: revenue ¥264.0bn (+9.8%), operating profit ¥25.8bn (+19.4%), recurring profit ¥25.8bn (+18.5%) and net income ¥17.2bn (+15.7%).

• H2 guidance: revenue ¥134.9bn, operating profit ¥14.8bn, recurring profit ¥14.76bn and net income ¥9.7bn; product volume forecast at 102.0% of prior year.

• Full-year product volume is forecast at 102.8% of prior year, with growth expected from eco-products and products tailored to market needs.

• Annual dividend forecast is ¥78 per share; the earnings and cash dividend forecasts were revised.