OMRON (6645) Q2 2027 earnings summary

Executive summary

• H1 revenue rose 22.9% YoY to ¥425.3bn and operating profit increased 161.5% to ¥40.6bn; profit attributable to owners reached ¥27.4bn.

• Q2 revenue grew 20.0% YoY to ¥215.4bn and operating profit rose 123.1% to ¥21.7bn; IAB, HCB and DSB grew, while SSB declined.

Financial highlights

• H1 gross profit rose 28.7% to ¥203.0bn; gross margin expanded 2.1 points to 47.7%, and operating margin rose 5.1 points to 9.5%.

• Q2 gross profit increased 28.6% to ¥105.5bn and gross margin rose 3.3 points to 49.0%; operating margin reached 10.1%, up 4.7 points.

• H1 profit from continuing operations was ¥30.5bn versus ¥8.9bn; profit attributable to shareholders was ¥27.4bn versus ¥4.6bn.

• Profit for the period was ¥28.5bn, including a ¥2.0bn discontinued-operations loss; comprehensive income was ¥26.4bn.

Outlook and guidance

• Full-year revenue guidance was raised to ¥920.0bn, operating profit to ¥88.0bn and profit attributable to owners to ¥43.0bn.

• Forecast profit from continuing operations is ¥60.5bn; basic EPS is ¥307.68 using continuing-operations profit and ¥218.68 inclusive of discontinued operations.

• Segment forecasts: IAB revenue ¥540bn and operating profit ¥72bn; HCB ¥165bn and ¥18bn; SSB ¥148bn and ¥19.5bn; DSB ¥62bn and ¥5bn.

• Interim dividend is ¥55 per share and full-year dividend guidance remains ¥110; Q3 onward FX assumptions are USD/JPY 155, EUR/JPY 180 and CNY/JPY 23.