Rorze (6323) Q2 2027 earnings summary

Executive summary

• H1 FY27 net sales rose 21.5% YoY to ¥79,733mn, while operating profit increased 42.4% to ¥23,096mn; Semi demand led growth.

• Record Q2 Semi orders of ¥78,509mn lifted backlog to ¥103,863mn; FY27 forecasts were raised and production capacity expansion accelerated.

Financial highlights

• H1 ordinary profit rose 68.4% YoY to ¥24,538mn; profit attributable to owners of parent increased 45.7% to ¥15,839mn.

• Gross profit was ¥34,371mn versus ¥26,269mn; SG&A was ¥11,274mn versus ¥10,055mn.

• Q2 quarterly sales rose 14% QoQ to a record for the second consecutive quarter; operating profit increased 26% QoQ to ¥12,866mn.

• H1 net profit was ¥15,915mn and profit attributable to owners of parent was ¥15,839mn; prior-year figures were ¥10,223mn and ¥10,872mn, respectively.

Outlook and guidance

• FY27 forecast: net sales ¥180,007mn, operating profit ¥53,078mn, ordinary profit ¥54,889mn and profit attributable to owners of parent ¥37,779mn.

• Revised FY27 Semi sales forecast is ¥152,970mn; second-half sales are forecast at ¥100,273mn, including ¥85,832mn from Semi.

• FY27 basic EPS forecast is ¥217.84; annual dividend forecast was raised to ¥28 per share from ¥20.

• FY27 average exchange-rate assumption is ¥158/US$, versus ¥159/US$ initially; H1 actual average was ¥158/US$.