Mitani Sekisan (5273) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue ¥49,991m (+0.6% YoY), operating income ¥8,860m (+3.2%), ordinary income ¥9,857m (+7.4%), and attributable net income ¥6,706m (-3.1%).

• Operating improvement was led by concrete secondary products; lower earnings in Other and a prior-period subsidiary-share disposal gain weighed on comparisons.

Financial highlights

• Gross profit rose to ¥12,422m from ¥12,112m; operating income increased to ¥8,860m from ¥8,583m.

• Comprehensive income reached ¥20,177m, up 126.6% YoY, including ¥13,388m of gains on available-for-sale securities in other comprehensive income.

• Prior-year H1 included ¥850m gain on sale of subsidiary shares; current-period special income was ¥16m versus ¥872m a year earlier.

Outlook and guidance

• FY2027 guidance was raised: revenue ¥93,600m (+1.7% vs prior forecast), operating income ¥15,300m (+7.7%), ordinary income ¥17,000m (+11.1%), and net income ¥11,500m (+12.7%).

• Revised FY2027 outlook implies YoY declines of 6.3% in revenue, 13.1% in operating income, 10.2% in ordinary income, and 16.6% in attributable net income.