Nippon Seisen (5659) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales were ¥25,145 million, up 11.9% YoY; operating profit was ¥1,853 million, up 55.1%, and profit attributable to owners was ¥1,413 million, up 56.6%.

• Growth was supported by stainless steel wire sales and strong semiconductor-related filter demand; full-year forecasts were raised after Q2 results exceeded initial projections.

Financial highlights

• Gross profit was ¥3,764 million vs ¥3,000 million YoY; SG&A was ¥1,911 million vs ¥1,805 million.

• Ordinary profit was ¥1,986 million, up 59.9% YoY; net income was ¥1,419 million vs ¥917 million, and profit attributable to owners was ¥1,413 million vs ¥902 million.

• Comprehensive income was ¥1,190 million vs ¥1,044 million; other comprehensive income was negative ¥229 million, including a ¥196 million foreign currency translation loss.

Outlook and guidance

• FY2027 forecast: net sales ¥51,500 million, operating profit ¥4,200 million, ordinary profit ¥4,350 million, and net income ¥3,100 million.

• Full-year basic EPS forecast was ¥100.91; earnings forecasts were revised upward from the previously announced outlook.

• Interim dividend was revised to ¥24 per share from ¥18; FY2027 annual dividend forecast is ¥52 per share.