PAL GROUP Holdings CO (2726) Q2 2027 earnings summary

Executive summary

• H1 net sales and ordinary profit reached records of ¥121,931 million and ¥14,216 million, respectively, but both fell short of plan amid weather pressure.

• Profit attributable to owners of parent was ¥9,428 million, up 2.6% YoY.

Financial highlights

• H1 net sales rose 4.1% YoY to ¥121,931 million; gross profit increased 5.3% to ¥70,432 million.

• Operating profit rose 1.1% to ¥14,254 million and ordinary profit increased 1.0% to ¥14,216 million; results were below forecasts of ¥126,000 million in sales and ¥15,000 million in operating and ordinary profit.

• Comprehensive income was ¥9,440 million, up 2.5%; basic EPS was ¥54.36 versus ¥52.90 a year earlier.

Outlook and guidance

• FY27 forecast: net sales ¥253,000 million, operating and ordinary profit ¥29,400 million each, and parent-attributable profit ¥19,000 million.

• Forecast growth versus prior year is 7.8% for sales, 8.3% for operating profit, 8.4% for ordinary profit and 7.3% for parent-attributable profit; guidance was unchanged.

• H2 forecast: net sales ¥131,069 million, operating profit ¥15,146 million, ordinary profit ¥15,184 million and attributable profit ¥9,572 million.

• FY27 basic EPS forecast is ¥109.41; FY-end dividend is ¥40 per share, with no forecast revision.