Kyoritsu Maintenance (9616) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 6.2% YoY to ¥126,983 million; operating profit increased 14.5% to ¥12,906 million and ordinary profit rose 8.0% to ¥12,906 million.

• Profit attributable to owners of parent declined 3.8% to ¥8,446 million, reflecting the prior-year temporary tax benefit from reassessment of deferred tax asset recoverability.

• Excluding listed renovation, special-cause, sale-and-leaseback, affiliate-earnings and tax-effect factors, net sales growth was 9.0% and operating income growth was 22.9%.

Financial highlights

• H1 net sales were ¥126,983 million vs. ¥119,562 million; gross profit was ¥33,173 million vs. ¥30,273 million.

• Profit before income taxes was ¥12,779 million vs. ¥11,906 million; comprehensive income rose to ¥9,238 million from ¥8,998 million.

• Depreciation expense rose 19.0% YoY to ¥51 hundred million; capital investment increased 28.7% to ¥247 hundred million.

• Cash flow, defined as net income plus depreciation, was ¥135 hundred million, up 3.7%.

Outlook and guidance

• FY2027 forecasts remain unchanged: net sales ¥277,000 million, operating profit ¥26,000 million, ordinary profit ¥26,000 million and parent-attributable profit ¥18,000 million.

• FY2027 basic EPS forecast is ¥197.98; forecast YoY changes are +0.6% for sales, +4.6% for operating profit, -0.8% for ordinary profit and -3.8% for parent-attributable profit.