Matsumoto Yushi-Seiyaku (4365) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 9.3% YoY to ¥21,777m; operating income increased 15.1% to ¥4,152m, while parent-attributable net income fell 9.4% to ¥3,201m.

• Growth reflected stronger sales across both reporting regions, with Japan remaining the larger contributor; management continues to prioritize competitive, high-quality products and new customers and applications.

Financial highlights

• Revenue was ¥21,777m (+9.3% YoY), operating income ¥4,152m (+15.1%), and ordinary income ¥5,121m (+16.2%).

• Parent-attributable interim net income was ¥3,201m, down 9.4% YoY; EPS was ¥1,103.55.

• Comprehensive income rose 6.2% to ¥4,791m; operating cash flow was ¥1,757m, versus ¥2,422m in the prior-year interim period.

• Current-period investment-securities valuation loss was ¥340m; the prior-year period included a ¥624m investment-securities sale gain.

Outlook and guidance

• FY2027 guidance remains unchanged: revenue ¥41,100m (+0.1% YoY), operating income ¥8,100m (-0.7%), ordinary income ¥9,700m (-10.3%), and parent-attributable net income ¥6,800m (-15.4%).

• Forecast full-year EPS is ¥2,343.93; planned FY2027 dividend is ¥450 per share, with no change to the latest dividend forecast.