Hisaka Works (6247) Q2 2027 earnings summary

Executive summary

• H1 FY2027 orders rose 10.5% YoY to ¥22,386 million, while net sales fell 6.1% to ¥20,564 million and operating profit declined 11.7% to ¥1,609 million.

• Orders exceeded the half-year plan by 6.6%; net sales achieved 93.5% of plan and operating profit 94.7%.

• Lower opening backlog, delayed overseas shipments and revenue recognition, and higher personnel and depreciation costs weighed on sales and profit.

Financial highlights

• Ordinary profit was ¥1,913 million, down 0.8% YoY; profit attributable to owners of parent was ¥1,352 million, down 4.7%.

• Overseas orders increased 39.7% to ¥6,540 million, while overseas net sales rose 7.0% to ¥4,328 million; order backlog grew 4.5% to ¥26,858 million.

• Comprehensive income rose to ¥2,606 million from ¥2,281 million, including a ¥1,410 million gain in valuation differences on available-for-sale securities.

• Operating cash flow was ¥750 million, investing cash flow negative ¥856 million and financing cash flow negative ¥1,575 million.

Outlook and guidance

• FY2027 forecasts: orders ¥47,000 million, net sales ¥44,000 million, operating profit ¥3,300 million, ordinary profit ¥3,600 million and parent-attributable profit ¥3,500 million.

• Parent-attributable profit guidance rose 45.2% from the initial ¥2,410 million plan, reflecting expected extraordinary income from investment-security sales; other main forecasts were unchanged.

• Forecast YoY changes are net sales -2.0%, operating profit -0.1%, ordinary profit -0.6% and parent-attributable profit +1.5%; forecast EPS is ¥132.91.

• H1 progress against the revised plan: orders 47.6%, net sales 46.7%, operating profit 48.8%, ordinary profit 53.2% and parent-attributable profit 38.6%.

• Annual dividend forecast remained ¥55 per share, including a ¥27 interim dividend.