INES (9742) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 15.1% YoY to ¥18,983 million; operating profit was ¥449 million versus a ¥920 million loss, and profit was ¥255 million versus a ¥601 million loss.

• Equity ratio increased to 76.7% at September 30, 2026, from 74.9% at March 31, 2026.

Financial highlights

• Gross profit increased to ¥3,589 million from ¥2,199 million; SG&A was ¥3,140 million versus ¥3,119 million.

• Ordinary profit was ¥453 million versus an ¥801 million loss; profit before tax was ¥455 million versus an ¥805 million loss.

• EBITDA was ¥2,263 million versus negative ¥61 million, up ¥2,324 million YoY.

• Comprehensive income was ¥487 million versus a ¥455 million loss, including ¥232 million of other comprehensive income.

Outlook and guidance

• FY2027 forecasts remain unchanged: net sales ¥40,000 million (+9.2% YoY), operating profit ¥2,500 million, ordinary profit ¥2,500 million, net profit attributable to owners ¥1,700 million and EPS ¥81.64.

• FY2027 annual dividend forecast is ¥55 per share, including the ¥25 interim dividend.

• 2H priorities include completing FY2026 legal-revision projects, expanding local-government AI solution sales, pursuing financial-sector projects and improving profitability.