Japan Oil Transportation (9074) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 2.7% YoY to ¥18,361m, while operating profit fell 53.1% to ¥295m and net income declined 32.7% to ¥341m as personnel and other costs increased.

• Full-year guidance remains unchanged: revenue ¥39,800m, operating profit ¥1,700m, ordinary profit ¥2,000m and net income ¥1,300m.

Financial highlights

• H1 revenue was ¥18,361m (+2.7% YoY); operating profit ¥295m (-53.1%), ordinary profit ¥469m (-37.6%) and net income ¥341m (-32.7%).

• EPS was ¥52.23, calculated as if the October 1, 2026 two-for-one stock split had applied at the start of the prior-year period.

• Comprehensive income fell 72.5% YoY to ¥345m, versus ¥1,259m, largely reflecting the much smaller contribution from securities valuation gains.

Outlook and guidance

• FY2027 guidance: revenue ¥39,800m (+3.3% YoY), operating profit ¥1,700m (-9.0%), ordinary profit ¥2,000m (-6.9%) and net income ¥1,300m (-13.8%).

• Forecast EPS is ¥199.02 on a post-split basis; guidance was unchanged from the September 29, 2026 announcement.

• Management cautions that actual results may differ materially due to various factors; forecasts rely on currently available information and reasonable assumptions.