MATSUDA SANGYO (7456) Q2 2027 earnings summary

Executive summary

• H1 FY3/27 net sales ¥391,363 million (+35.8% YoY), operating profit ¥16,804 million (+108.5%), ordinary profit ¥17,677 million (+109.5%) and parent-attributable profit ¥12,202 million (+99.8%).

• Precious Metals drove most of the growth, with higher recycling volumes in electronics, product sales and precious metal prices; Food profit edged up amid higher selling prices and value-added efforts.

Financial highlights

• Gross profit was ¥30,256 million vs. ¥20,713 million YoY; SG&A was ¥13,451 million vs. ¥12,654 million.

• Comprehensive income reached ¥11,975 million vs. ¥3,983 million YoY; basic EPS was ¥472.18 vs. ¥235.77.

• Profit before income taxes was ¥17,880 million, including a ¥203 million gain on sale of investment securities; income taxes totaled ¥5,504 million.

Outlook and guidance

• FY3/27 forecast remains unchanged: net sales ¥740,000 million (+7.6%), operating profit ¥28,500 million (+27.0%), ordinary profit ¥29,600 million (+25.7%), parent-attributable profit ¥20,600 million (+23.0%) and EPS ¥797.15.

• Forecasts are based on currently available information and assumptions; actual results may differ significantly due to various factors.