Hochiki (6745) Q2 2027 earnings summary

Executive summary

• First-half net sales and operating profit reached records at ¥51,894m and ¥5,432m, up 6.8% and 26.1% YoY; operating margin rose to 10.5%.

• Orders received rose 9.7% to ¥69,723m; backlog reached ¥47,640m, up 12.3% YoY, supporting future sales growth.

Financial highlights

• Ordinary profit was ¥5,412m, up 23.7% YoY, and profit attributable to owners of parent was ¥3,767m, up 24.9%.

• Net sales exceeded the first-half forecast by ¥1,894m and operating profit by ¥1,032m; operating margin was 10.5% versus an 8.8% forecast.

• Excluding FX impact, net sales grew 4.4% and operating profit 20.9% YoY; R&D expenses were ¥1,930m, up 5.9%.

• Comprehensive income was ¥3,540m, down 7.3% YoY; total assets were ¥95,171m at September 30, 2026, versus ¥97,936m at March 31.

Outlook and guidance

• FY ending March 31, 2027 forecast unchanged: net sales ¥110,000m, operating profit ¥12,300m, ordinary profit ¥12,500m and profit attributable to owners of parent ¥9,000m.

• FY EPS forecast is ¥120.64; forecast YoY changes are +3.9% for sales, +1.9% for operating profit, +1.3% for ordinary profit and -4.0% for net profit.