Miura (6005) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 6.8% YoY to ¥132,413 million; operating profit fell 8.2% to ¥12,796 million, while profit attributable to owners rose 6.1% to ¥12,990 million.

• Domestic boiler, aqua equipment and maintenance sales were solid; overseas revenue benefited from maintenance performance and foreign-exchange effects.

Financial highlights

• Gross profit was ¥51,117 million versus ¥47,562 million YoY; SG&A rose to ¥38,883 million from ¥34,025 million.

• Profit before income taxes decreased 1.9% YoY to ¥16,366 million; income tax expense fell to ¥3,398 million from ¥4,526 million, supporting higher net profit.

• Comprehensive income was ¥12,203 million, down from ¥16,253 million YoY, as other comprehensive income shifted to a ¥764 million loss from ¥4,098 million income.

Outlook and guidance

• FY2027 forecasts remain unchanged: revenue ¥284,500 million, operating profit ¥32,600 million, profit before tax ¥38,600 million and parent-attributable profit ¥28,500 million.

• Full-year basic EPS forecast is ¥246.30; forecast revisions were not made, with Middle East impacts remaining uncertain.