NSW (9739) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 2.6% YoY to ¥25,493m, while operating profit fell 1.9% to ¥2,315m and profit attributable to owners fell 6.7% to ¥1,554m.

• Net assets increased to ¥38,186m at Sep. 30, 2026, from ¥37,891m at Mar. 31, 2026; equity-to-asset ratio was 78.7%, up from 76.9%.

Financial highlights

• Gross profit was ¥4,950m versus ¥5,039m YoY; SG&A declined to ¥2,634m from ¥2,678m.

• Ordinary profit declined 5.9% YoY to ¥2,287m; profit before income taxes was ¥2,286m versus ¥2,418m.

• Comprehensive income was ¥1,561m, down from ¥1,658m YoY.

Outlook and guidance

• FY2027 forecasts: net sales ¥54,000m (+3.0% YoY), operating profit ¥5,400m (+2.1%), ordinary profit ¥5,450m, and profit attributable to owners ¥3,750m (+1.5%).

• FY2027 forecast basic EPS is ¥251.69; the financial-results forecast was unchanged from the latest announcement.

• FY2027 forecast annual dividend is ¥125 per share; the second-quarter dividend is ¥60, with no revision to the dividend forecast.