Glory (6457) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 13.4% YoY to ¥174,291 million; operating profit increased 60.3% to ¥16,055 million and parent-attributable profit rose 83.5% to ¥10,637 million.

• Growth was led by International, Financial, and Retail and transportation markets; Amusement revenue and profit declined.

Financial highlights

• Merchandise and finished goods revenue rose 16.2% to ¥107,575 million; maintenance services revenue rose 9.2% to ¥66,715 million.

• Gross profit was ¥79,086 million vs. ¥70,311 million; operating margin expanded to 9.2% from 6.5%.

• Profit before tax increased 75.2% to ¥14,981 million; basic EPS was ¥206.51 vs. ¥105.45, and EBITDA was ¥26,649 million vs. ¥20,004 million.

• Total comprehensive income was ¥9,916 million vs. ¥9,768 million.

Outlook and guidance

• FY2027 forecast unchanged: revenue ¥360,000 million (+6.0%), operating profit ¥32,000 million (+7.6%), parent-attributable profit ¥20,000 million (+30.0%) and EPS ¥388.27.

• International segment forecasts were revised upward for revenue and operating profit; Financial and Retail/transportation forecasts were lowered, while Amusement was adjusted for recent performance.

• International revenue is forecast at ¥230.0B and Japanese revenue at ¥130.0B; international revenue is expected to set an eighth consecutive fiscal-year record.

• Q3 onward exchange assumptions changed to ¥155/$ from ¥150 and ¥180/€ from ¥170; FY2027 dividend forecast remains ¥154 per share.