Makino Milling Machine (6135) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales ¥145,996 million, operating profit ¥17,644 million and profit attributable to owners of parent ¥13,688 million; all increased YoY.

• Full-year FY2027 forecast: net sales ¥306,000 million, operating profit ¥36,300 million, ordinary profit ¥37,100 million and profit attributable to owners of parent ¥29,000 million.

Financial highlights

• Net sales rose 22.3% YoY to ¥145,996 million; operating profit increased 85.7% to ¥17,644 million.

• Ordinary profit increased 70.9% YoY to ¥17,999 million; profit attributable to owners of parent rose 102.4% to ¥13,688 million.

• Gross profit was ¥49,963 million vs. ¥36,291 million; SG&A was ¥32,319 million vs. ¥26,791 million.

• Comprehensive income was ¥15,301 million vs. ¥9,326 million; H1 basic EPS was ¥117.21 vs. ¥57.83, retrospectively reflecting the stock split.

Outlook and guidance

• FY2027 forecast: net sales ¥306,000 million (+17.2% YoY), operating profit ¥36,300 million (+45.0%), ordinary profit ¥37,100 million (+35.9%) and attributable profit ¥29,000 million (+38.1%).

• Forecast basic EPS is ¥249.52, calculated using shares outstanding after the 5-for-1 stock split.

• Annual dividend forecast is ¥340 per share on a pre-split-equivalent basis, including an interim ¥160 and year-end ¥180; forecast unchanged.