OBIC Co. (4684) Q2 2027 earnings summary

Executive summary

• H1 FY March 2027 net sales rose 14.0% YoY to ¥75,023 million; operating income, ordinary income and net income all posted double-digit growth and record highs.

• Operating income rose for 26 consecutive first-half periods, and the operating margin reached a record 68.0%.

Financial highlights

• Operating income increased 16.9% to ¥51,038 million; ordinary income rose 20.3% to ¥62,826 million and net income increased 19.0% to ¥44,383 million.

• Gross profit was ¥59,774 million versus ¥51,898 million; SG&A increased to ¥8,736 million from ¥8,243 million.

• Comprehensive income fell to ¥45,036 million from ¥70,106 million as gains on available-for-sale securities valuation were smaller.

• Basic EPS was ¥103.00 versus ¥84.80; average shares outstanding declined to 430,923 thousand from 439,901 thousand.

Outlook and guidance

• FY March 2027 forecast: net sales ¥151,200 million (+11.8%), operating income ¥100,500 million (+13.1%), ordinary income ¥120,000 million (+14.5%) and net income ¥85,000 million (+13.0%), revised upward.

• FY basic EPS forecast is ¥198.59.

• Annual dividend forecast increased to ¥100 per share, comprising ¥47 at the second-quarter end and ¥53 at fiscal year-end; this is ¥6 above the initial plan.