JTEKT (6473) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 4.4% YoY to ¥970,788 million; business profit increased 52.8% to ¥50,684 million and operating profit rose 38.4% to ¥36,049 million.

• Profit attributable to owners of the parent increased 78.8% YoY to ¥21,751 million; basic EPS was ¥68.32.

Financial highlights

• Gross profit was ¥164,575 million versus ¥142,599 million in H1 FY2026; operating profit was ¥36,049 million versus ¥26,054 million.

• Profit before income taxes increased to ¥33,228 million from ¥23,675 million; comprehensive income rose to ¥28,089 million from ¥12,947 million.

• Operating cash flow was ¥49,213 million versus ¥42,877 million in H1 FY2026.

Outlook and guidance

• FY2027 revenue forecast was raised to ¥1,920,000 million from ¥1,880,000 million; business profit forecast rose to ¥95,000 million from ¥90,000 million.

• FY2027 forecasts remain ¥75,000 million operating profit, ¥70,000 million profit before income taxes, ¥50,000 million parent-attributable profit and ¥157.06 basic EPS.

• Currency assumptions are ¥157/$ and ¥182/€; from Q3, assumptions are ¥155/$ and ¥180/€.

• Annual dividend forecast remains ¥70 per share, including ¥35 for the second quarter; forecast unchanged this quarter.