Iwatani (8088) Q1 2027 earnings summary

Executive summary

• Achieved record-high profits for 1Q FY2026 in all major categories, driven by higher LPG import prices, strong sales in semiconductor/electronic components, and improved helium profitability.

• Operating profit benefited from LPG price fluctuations and improved helium profitability.

• Strategic initiatives included hydrogen demonstration projects, overseas expansion in gas alarms, and rare earth supply chain strengthening.

Financial highlights

• Net sales: ¥233.4 billion (+13.1% YoY); operating profit: ¥13.4 billion (+109.0% YoY); ordinary profit: ¥34.3 billion (+361.3% YoY); profit attributable to owners of parent: ¥31.7 billion (+569.6% YoY).

• Gross profit reached ¥64.7 billion, up 18.6% year-over-year.

• Basic EPS for the quarter was ¥137.82, up from ¥20.59 in the prior year.

• Comprehensive income totaled ¥44.0 billion, a significant increase from ¥2.9 billion a year earlier.

Outlook and guidance

• Full-year forecast (ending March 31, 2027): net sales ¥960 billion (+5.7% YoY), operating profit ¥48.8 billion (+27.4% YoY), ordinary profit ¥59.0 billion (+6.8% YoY), profit attributable to owners of parent ¥45.5 billion (-4.5% YoY), EPS ¥197.67.

• Dividend forecast maintained at ¥47.00 per share for the year.