JBCC Holdings (9889) Q1 2027 earnings summary

Executive summary

• Achieved Q1 operating margin of 11% with stock sales ratio at 57.7%, supporting a stable revenue base.

• Net sales for Q1 rose 6.4% year-over-year to ¥19,539 million, with operating profit up 20.9% to ¥2,156 million and ordinary profit up 16.6% to ¥2,201 million.

• Cloud and security segments posted record new orders, driven by comprehensive proposals and AI-related IT investment demand.

• Expanded shareholder return policy, increasing annual dividend forecast to ¥60 per share and launching a share buyback up to ¥1 billion.

• Profit attributable to owners of parent increased 9.6% year-over-year to ¥1,381 million, and basic earnings per share rose to ¥22.76.

Financial highlights

• Revenue for Q1 was ¥19,539 million, up 6.4% year-over-year.

• Operating income reached ¥2,156 million (11.0% margin), up 20.9% year-over-year.

• Net income attributable to parent was ¥1,381 million, up 19.6% year-over-year.

• Gross profit for the quarter was ¥6,524 million, up from ¥6,011 million year-over-year.

• Progress rates against full-year forecasts: revenue 24.6%, operating income 24.7%, net income 22.9%.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2027: net sales of ¥79,500 million (+4.6% YoY), operating profit of ¥8,745 million (+19.7%), ordinary profit of ¥8,845 million (+18.4%), and profit attributable to owners of parent of ¥6,045 million (+12.9%).

• Basic earnings per share for the full year projected at ¥99.57.

• Dividend forecast revised to ¥60.00 per share for the fiscal year ending March 31, 2027.

• Targeting 11%+ operating margin and consecutive years of revenue, profit, and dividend growth.

• Strategic investments in AI and digital transformation to strengthen long-term earning power.