Ohashi Technica (7628) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 15.5% YoY to ¥23,063m; operating profit increased 58.7% to ¥1,781m on higher sales, improved pricing and productivity.

• Ordinary profit rose 51.7% to ¥2,020m, while profit attributable to owners of parent was nearly flat at ¥1,521m, reflecting prior-year extraordinary gains.

• Domestic and overseas sales both grew; Americas and Europe delivered strong growth, while China sales declined.

Financial highlights

• Net sales increased ¥3,096m YoY; domestic sales were ¥10,649m and overseas sales ¥12,414m.

• Gross profit rose to ¥5,285m from ¥4,318m; gross margin was 22.9%, up 1.3 percentage points, reflecting price revisions and improved productivity.

• Operating profit increased to ¥1,781m from ¥1,122m; ordinary profit rose to ¥2,020m from ¥1,331m.

• Basic EPS was ¥59.49 versus ¥59.31; figures reflect the 2-for-1 stock split effective January 1, 2026.

• Comprehensive income was ¥2,105m versus a loss of ¥190m, helped by a ¥507m positive foreign currency translation adjustment.

Outlook and guidance

• FY2027 forecast: net sales ¥45,000m (+10.0%), operating profit ¥2,900m (+19.5%), ordinary profit ¥3,350m (+12.9%), and net profit ¥2,300m (+10.3%).

• Forecast domestic sales are ¥21,300m (+6.8%) and overseas sales ¥23,700m (+13.0%); basic EPS is ¥90.26.

• Full-year performance forecast was revised from the May 12, 2026 announcement after considering H1 results and expected future performance.

• FY2027 annual dividend forecast is ¥45 per share, up ¥8 YoY on a split-adjusted basis; forecast DOE is 2.8% and payout ratio 49.8%.

• Forecast exchange rates include ¥158.24 per US dollar and ¥23.29 per Chinese yuan.