Harima-Kyowa (7444) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 12.1% YoY to ¥34,115 million, while operating, ordinary and net income declined amid higher costs, including depreciation at the new logistics center.

• Full-year guidance and dividend forecast remain unchanged; annual dividend is ¥60 per share.

Financial highlights

• H1 revenue was ¥34,115.9 million, up 12.1% YoY; gross profit was ¥4,077.7 million versus ¥3,881.1 million a year earlier.

• Operating income was ¥932.6 million, down 18.3% YoY; ordinary income was ¥1,018.3 million, down 31.1%; net income attributable to owners was ¥653.6 million, down 34.0%.

• EPS was ¥121.42, versus ¥183.88 in H1 FY2026.

Outlook and guidance

• FY2027 guidance: revenue ¥64,000 million (+6.9% YoY), operating income ¥1,700 million (+0.4%), ordinary income ¥1,800 million (-13.6%), and net income ¥1,230 million (-18.7%).

• Forecast EPS is ¥228.51; annual dividend forecast is ¥60 per share, with no changes to the published outlook.