Fukuda Denshi (6960) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue was ¥64,688m, down 0.2% YoY; operating income fell 0.9%, while ordinary income rose 0.4%.

• Attributable net income declined 4.2% to ¥7,263m; full-year guidance was unchanged, with sales growth forecast alongside lower operating and net income.

Financial highlights

• Revenue was ¥64,688m; gross profit ¥35,154m, operating income ¥10,563m, ordinary income ¥10,974m and net income ¥7,263m.

• Gross profit decreased from ¥35,476m YoY; selling, general and administrative expenses declined to ¥24,591m from ¥24,813m.

• Comprehensive income increased 19.2% YoY to ¥11,131m, including a ¥4,109m gain in other securities valuation differences.

Outlook and guidance

• FY2027 guidance remains unchanged: revenue ¥142,000m (+1.6% YoY), operating income ¥25,500m (-4.2%), net income ¥17,700m (-5.8%) and EPS ¥654.37.

• Sales are typically strongest in Q4, making reasonable half-year estimates difficult; no Q2 earnings forecast is issued.