JK Holdings (9896) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 5.2% YoY to ¥203,418m; operating profit increased 26.4% to ¥3,842m, ordinary profit 23.7% to ¥4,109m and net income 69.5% to ¥3,142m.

• Wholesale, retail and plywood/wood-processing earnings improved; housing-material demand remained subdued.

Financial highlights

• Revenue was ¥203,418m and gross profit ¥25,167m, versus ¥193,328m and ¥23,350m in H1 FY2026; gross margin rose to 12.4% from 12.1%.

• Operating profit was ¥3,842m versus ¥3,040m; ordinary profit was ¥4,109m versus ¥3,322m.

• Net income attributable to owners was ¥3,142m versus ¥1,852m; included a ¥621m investment-settlement gain following dissolution of an investee cooperative.

• Pretax income was ¥4,814m; other one-time/non-operating gains included ¥79m from securities sales.

Outlook and guidance

• FY2027 guidance unchanged: revenue ¥407,000m, operating profit ¥6,600m, ordinary profit ¥7,000m and net income ¥4,200m.

• H1 progress against FY guidance: revenue 50.0%, operating profit 58.2%, ordinary profit 58.7% and net income 74.8%.

• Annual dividend forecast remains ¥60 per share, comprising ¥30 interim and ¥30 year-end; payout-ratio guideline is at least 30%.