Koa Shoji Holdings (9273) Q1 2027 earnings summary

Executive summary

• Q1 FY2027 net sales fell 3.0% YoY to ¥5,771 million; operating profit declined 17.7% to ¥1,113 million, with results within forecast.

• First-quarter progress was broadly in line with expectations; full-year sales and profit are expected to be concentrated in Q4, partly reflecting Zao Factory 2’s scheduled March start.

Financial highlights

• Gross profit was ¥1,769 million, down 8.0% YoY; SG&A rose 14.9% to ¥656 million.

• Profit attributable to owners of parent fell 12.8% to ¥777 million; comprehensive income was ¥703 million versus ¥901 million YoY.

• Foreign-exchange effects added ¥38 million to ordinary profit through non-operating profit/loss.

Outlook and guidance

• FY2027 forecasts: net sales ¥26,700 million, up 8.2%; operating profit ¥5,270 million, down 3.8%; ordinary profit ¥5,260 million, down 4.7%; and parent-attributable profit ¥3,590 million, down 4.2%.

• Forecast basic EPS is ¥85.24; earnings forecasts were unchanged from the latest announcement.