NISSO HOLDINGS (9332) Q2 2027 earnings summary

Executive summary

• H1 FY March 2027 net sales rose 11.2% YoY to ¥59,133 million; operating profit rose 48.9% to ¥1,461 million.

• Growth reflected higher staffing and billing rates, strong engineering and semiconductor demand, and the inclusion of businesses added to consolidation from July 2025.

Financial highlights

• H1 gross profit rose 15.3% to ¥9,873 million; gross margin improved 0.6 percentage points to 16.7%.

• Ordinary profit increased 56.1% to ¥1,515 million; profit attributable to owners of parent increased 70.4% to ¥889 million.

• Operating margin rose 0.7 percentage points to 2.5%; H1 EPS was ¥26.39 versus ¥15.52 a year earlier.

• SG&A rose 10.9% to ¥8,412 million on personnel, recruitment, amortization and advertising costs; its ratio improved 0.1 percentage points to 14.2%.

• Q2 net sales increased 5.8% YoY and operating profit increased 36.5%.

Outlook and guidance

• FY March 2027 forecast: net sales ¥118,500 million (+6.3%), operating profit ¥3,500 million (+9.7%), ordinary profit ¥3,500 million (+9.4%) and parent-attributable profit ¥2,100 million (+10.4%).

• Forecast EPS is ¥62.33; full-year consolidated forecasts and the ¥25 per-share dividend forecast were unchanged from the May 13, 2026 announcement.

• Forecasts are based on information available at preparation; actual results may differ materially as conditions change.