Namura Shipbuilding (7014) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue ¥82,670m (+13.9% YoY), operating profit ¥16,053m (+49.0%), ordinary profit ¥15,982m (+40.5%) and parent-attributable net income ¥12,073m (+47.3%).

• Shipbuilding mix transition toward continuous large bulk-carrier construction and higher-value VLGCs progressed as planned; other businesses generally tracked plan.

Financial highlights

• Revenue increased ¥10,060m YoY to ¥82,670m; operating profit rose ¥5,281m to ¥16,053m.

• Pretax income was ¥17,381m, including ¥1,399m in investment-securities sale gains; parent-attributable net income was ¥12,073m.

• Diluted EPS was ¥172.25 versus ¥117.05 in H1 FY2026; basic EPS was ¥173.71 versus ¥118.05.

Outlook and guidance

• FY2027 forecast: revenue ¥173,000m, operating profit ¥32,000m, ordinary profit ¥32,000m and parent-attributable net income ¥23,000m; EPS ¥330.93.

• Forecasts were revised; interim dividend is ¥35/share and the revised full-year forecast is ¥70/share, including a ¥35 year-end dividend.