ROHM (6963) Q2 2027 earnings summary

Executive summary

• H1 sales rose 14.4% YoY to ¥279.5bn; operating profit increased 128.5% to ¥17.5bn, supported by higher sales and lower depreciation after prior-year impairment losses.

• Profit attributable to owners of parent rose 51.0% to ¥15.6bn; EBITDA increased 4.2% to ¥36.2bn.

Financial highlights

• Q2 net sales were ¥143.7bn, up 12.3% YoY and 5.9% QoQ; operating profit was ¥7.9bn versus ¥7.5bn a year earlier and ¥9.6bn in Q1.

• H1 operating margin was 6.3%; operating profit benefited ¥35.2bn from sales growth, partly offset by ¥26.2bn from materials and inventory impacts.

• Gross profit was ¥69.3bn versus ¥58.5bn YoY; SG&A was ¥51.8bn versus ¥50.8bn.

• Cash and cash equivalents rose ¥48.8bn in H1 to ¥477.5bn; operating cash flow was ¥25.5bn versus ¥47.2bn a year earlier.

• At September 30, 2026, total assets were ¥1,293.9bn and net assets ¥763.8bn; both increased from fiscal year-end.

Outlook and guidance

• FY2027 forecast: sales ¥550bn, operating profit ¥50bn, ordinary profit ¥53bn and parent profit ¥45bn; respective YoY growth forecasts are 14.3%, 360.2%, 175.7% and 158.4%.

• Operating profit guidance was raised ¥20bn from the initial plan on stronger automotive, industrial and computer/storage demand, price increases and cost reductions; materials and inventory remain headwinds.

• Server sales are forecast to grow 94.1% YoY, including 121.4% growth in H2; orders are expected to exceed production capacity and increase backlog.

• FY2027 sales forecasts: automotive +10.1%, industrial +29.1%, computer/storage +36.0%; China customer sales -12.5%.