Metalart Corporation (5644) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue was ¥21,944m, down 1.3% YoY; operating income rose 9.1% to ¥1,596m, while attributable net income was ¥934m, flat YoY.

• Product mix changes, company-wide expense controls and cost-reduction efforts lifted operating income despite lower revenue.

Financial highlights

• Ordinary income was ¥1,600m, down 1.4% YoY, partly reflecting FX losses related to dividends from overseas subsidiaries.

• Comprehensive income fell 48.4% to ¥531m; foreign-currency translation adjustments were a ¥639m loss in H1 FY2027.

• Total assets were ¥44,615m versus ¥46,263m at FY2026 year-end; net assets were ¥29,169m versus ¥29,215m.

Segment performance

• Automotive parts revenue was ¥17,989m, down 2.2% YoY; overseas commercial-vehicle and export production increased, while Middle East conditions, domestic customer production adjustments and lower China-bound parts sales weighed on results.

• Construction machinery parts revenue fell 2.5% to ¥2,635m; steady North American demand had limited impact on the sales mix.

• Agricultural machinery parts revenue rose 11.4% to ¥446m as demand showed signs of bottoming; other revenue increased 19.5% to ¥872m on ship-parts sales and new business.