NISSO HOLDINGS (9332) Q1 2027 earnings summary

Executive summary

• Net sales rose 17.3% year-over-year to ¥29,282 million, driven by M&A contributions, increased staff enrollment, and higher billing unit costs in core manufacturing services.

• Operating profit surged 64.7% year-over-year to ¥707 million, with gross profit margin improvement outpacing SG&A expense growth.

• Profit attributable to owners of parent increased 91.0% year-over-year to ¥428 million.

• Semiconductor industry demand and M&A activity were key growth drivers, while automotive sector demand was subdued.

• SG&A expenses rose 16.5% year-over-year, but the SG&A expense ratio improved by 0.1 percentage points, resulting in an operating profit margin of 2.4%, up 0.7 percentage points.

Financial highlights

• Net sales: ¥29,282 million (up 17.3% YoY).

• Operating profit: ¥707 million (up 64.7% YoY).

• Ordinary profit: ¥711 million (up 64.4% YoY).

• Profit attributable to owners of parent: ¥428 million (up 91.0% YoY).

• Net income per share: 12.72 yen (vs. 6.74 yen a year ago).

Outlook and guidance

• Full-year FY March 2027 forecast: Net sales ¥118,500 million (up 6.3%), operating profit ¥3,500 million (up 9.7%), profit attributable to owners of parent ¥2,100 million (up 10.4%).

• Dividend forecast: ¥25.00 per share, payout ratio 40.1%.

• Net income per share forecast for the year: 62.36 yen.