Meidensha (6508) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 17.2% YoY to ¥153.759bn; operating income increased to ¥9.760bn and net income attributable to owners to ¥8.620bn.

• Performance improved across the main operating segments, with especially strong contributions from Power Infrastructure; the FY2027 full-year forecast was raised.

Financial highlights

• H1 net sales were ¥153.759bn, up 17.2% YoY; operating income was ¥9.760bn, up 249.5%, and ordinary income was ¥9.956bn, up 213.6%.

• Net income attributable to owners was ¥8.620bn, up 325.4% YoY; basic EPS was ¥190.03 versus ¥44.68.

• Gross profit increased to ¥44.867bn from ¥34.305bn; operating income increased to ¥9.760bn from ¥2.792bn.

• Reported results included a ¥1.597bn gain on sales of investment securities, compared with ¥14m in H1 FY2026.

Outlook and guidance

• FY2027 forecast raised: net sales ¥370bn, operating income ¥35bn, ordinary income ¥35bn, net income attributable to owners ¥26bn and EPS ¥573.15.

• Versus the previous forecast, revisions were +¥5bn in sales, +¥2bn in operating income, +¥1.5bn in ordinary income and +¥1bn in parent-attributable net income.

• Forecast increases reflect expected continued strength in Power Infrastructure and Field Service Engineering, plus more vehicle models equipped with products in the EV business.

• Year-end dividend for FY2027 remains to be determined; no revision to the latest dividend forecast was reported.