Fudo Tetra (1813) Q2 2027 earnings summary

Executive summary

• H1 FY Mar 2027 orders were ¥48,461m versus ¥44,937m; net sales were ¥41,469m, up 11.2% YoY.

• Operating profit rose 56.7% to ¥3,221m and profit attributable to owners rose 44.5% to ¥1,837m.

Financial highlights

• Gross profit rose to ¥7,693m from ¥6,402m, with the margin up to 18.6% from 17.2%; SG&A increased to ¥4,472m from ¥4,346m.

• Ordinary profit increased to ¥2,937m from ¥2,208m; profit before income taxes was ¥2,941m versus ¥1,920m. Prior-year H1 included ¥334m in special survey costs; current-period extraordinary losses were ¥4m.

• Basic EPS was ¥121.22 versus ¥83.95; comprehensive income was ¥2,161m versus ¥1,396m.

Outlook and guidance

• FY2027 forecasts, unchanged from the latest announcement: net sales ¥81,000m (-0.9% YoY), operating profit ¥4,800m (-18.9%), ordinary profit ¥4,900m (-20.0%) and attributable profit ¥3,200m (+28.3%); basic EPS ¥211.20.

• Full-year segment forecasts: civil revenue ¥34,400m and operating profit ¥500m; ground improvement revenue ¥44,000m and operating profit ¥4,750m; block revenue ¥2,600m.