Kamei (8037) Q1 2027 earnings summary

Executive summary

• Achieved record-high first quarter sales and profits, driven by energy segment performance and higher sales prices.

• Net sales rose 6.7% year-over-year to ¥150,621 million for the quarter ended June 30, 2026, with operating profit up 50.6% to ¥6,059 million and profit attributable to owners of parent up 55.8% to ¥4,573 million.

• Comprehensive income surged to ¥6,134 million, a 558.5% increase year-over-year, reflecting strong operational and non-operational gains.

• Upward revision of full-year and interim forecasts, with all major profit metrics expected to reach all-time highs.

• Dividend forecast increased, marking the 12th consecutive annual dividend hike.

Financial highlights

• Q1 sales: ¥150,621 million (+6.7% YoY); operating profit: ¥6,059 million (+50.6% YoY); net profit attributable to shareholders: ¥4,573 million (+55.8% YoY).

• Gross profit increased to ¥27,210 million from ¥24,075 million year-over-year, while operating profit rose to ¥6,059 million from ¥4,023 million.

• Ordinary profit reached ¥6,664 million, up from ¥4,468 million, and basic earnings per share climbed to ¥149.46 from ¥95.93.

• Total assets stood at ¥329,243 million and net assets at ¥181,959 million as of June 30, 2026.

• Operating margin improved from 2.8% to 4.0%; recurring margin from 3.2% to 4.4%.

Outlook and guidance

• Full-year sales forecast revised to ¥624,910 million (+7.2% YoY); operating profit to ¥19,570 million (+4.9% YoY); net profit to ¥12,050 million (+1.3% YoY).

• Interim and full-year profits expected to reach record levels, led by energy segment.

• Dividend forecast raised to ¥136 per share (annual), up ¥6 from initial guidance.