Kotobuki Spirits (2222) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 10.8% YoY to ¥39,651m; operating profit increased 23.0% to ¥9,153m and profit attributable to owners of parent rose 20.5% to ¥6,045m.

• Results exceeded initial H1 forecasts: net sales achieved 103.5% and ordinary profit 112.4%; full-year guidance remains unchanged.

Financial highlights

• Gross profit increased 13.8% to ¥24,488m; SG&A rose 8.9% to ¥15,335m, slower than sales growth.

• Ordinary profit increased 22.9% to ¥9,236m; comprehensive income was ¥6,080m versus ¥5,014m a year earlier.

• Q2 net sales rose 11.5% YoY to ¥20,983m and operating profit rose 25.0% to ¥5,001m.

• Operating cash flow was ¥7,200m, up ¥1,936m YoY; cash and cash equivalents ended at ¥21,418m, down 1.6% YoY.

Outlook and guidance

• FY2027 forecast unchanged: net sales ¥84,500m (+7.3%), operating profit ¥20,550m (+10.5%), ordinary profit ¥20,610m (+10.0%) and parent-attributable profit ¥13,810m (+10.0%).

• Forecast basic EPS is ¥89.42; annual dividend is forecast at ¥45 per share, including a ¥10 interim dividend.

• H2 forecast implies net sales of ¥44,848m and ordinary profit of ¥11,373m.

• Forward-looking estimates rely on currently available information and assumptions; actual results may differ.