Konica Minolta (4902) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 3.4% YoY to ¥530.4bn and business contribution profit increased 10.6% to ¥26.3bn; operating profit was nearly flat at ¥22.9bn.

• Profit attributable to owners fell 21.3% to ¥17.8bn; basic EPS declined 21.4% to ¥35.96.

• FY2027 guidance was raised to revenue of ¥1,121bn, business contribution profit of ¥57.5bn, operating profit of ¥50.5bn and attributable profit of ¥31.5bn.

Financial highlights

• Revenue rose 3.4% to ¥530.4bn reported but fell 4% excluding FX; FX contributed ¥38.7bn to revenue.

• Gross profit increased 9.9% to ¥250.7bn, including ¥11.9bn of U.S. tariff refunds; SG&A rose 9.8% to ¥224.3bn.

• Operating profit edged down 0.4% to ¥22.9bn; continuing-operations profit was ¥13.5bn, down 10.3%, and discontinued-operations profit was ¥4.7bn, down 43.9%.

• Free cash flow was ¥35.7bn versus ¥11.8bn a year earlier; operating cash flow was ¥39.0bn and investing cash outflow was ¥3.2bn.

Outlook and guidance

• Revised FY2027 forecasts: revenue ¥1,121bn, business contribution profit ¥57.5bn, operating profit ¥50.5bn, attributable profit ¥31.5bn and EPS ¥63.63.

• Versus the prior forecast, revenue rose ¥16.0bn, business contribution profit ¥1.5bn, operating profit ¥0.5bn and attributable profit ¥3.0bn; EPS increased ¥6.06.

• Outlook reflects tariff refunds, yen depreciation and continued Industry strength, alongside accelerated profitability initiatives and difficult operating conditions.

• Assumed Q3-onward rates are ¥150 per U.S. dollar and ¥180 per euro; annual dividend guidance remains ¥18 per share.