Hosiden (6804) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 9.9% YoY to ¥269,716 million; operating profit increased 13.9% to ¥9,226 million, ordinary profit rose 1.0% to ¥9,683 million, and net income increased 7.9% to ¥6,590 million.

• Higher amusement and automotive-related sales offset weaker mobile communications; operating profit benefited from the absence of the prior-year yen-appreciation impact.

Financial highlights

• Gross profit was ¥14,410 million vs. ¥12,874 million; SG&A was ¥5,184 million vs. ¥4,775 million.

• Ordinary profit included ¥266 million in foreign exchange losses; comprehensive income rose to ¥11,081 million from ¥4,545 million, supported by securities valuation and foreign currency translation adjustments.

• Foreign exchange results shifted from a ¥930 million gain in the prior-year interim period to a ¥270 million loss; the ¥1,130 million operating-profit increase offset the impact.

Outlook and guidance

• FY2027 forecast unchanged: net sales ¥436,000 million, operating profit ¥12,500 million, ordinary profit ¥18,000 million and net income ¥18,000 million.

• Forecast assumes ¥155 per U.S. dollar; forecast EPS is ¥253.88.

• FY2027 dividend forecast is ¥77 per share, including ¥39 per share for the second quarter; no revision was made.