Sanrio Company (8136) Q2 2027 earnings summary

Executive summary

• H1 FY3/2027 net sales reached a record ¥107,725M, up 22.9% YoY; operating profit also hit a record ¥42,882M, up 9.4%, and parent-attributable profit rose 6.1% to ¥29,198M.

• Wider character adoption supported growth; Hello Kitty and Pompompurin were among the drivers, and Sanrio + membership reached 3.69M at September-end.

• FY3/2027 outlook remained unchanged, with H1 sales and operating income progressing in line with initial forecasts.

Financial highlights

• H1 net sales were ¥107,725M, gross profit ¥82,479M and operating profit ¥42,882M, versus ¥87,676M, ¥70,461M and ¥39,183M a year earlier.

• Adjusted operating profit was ¥44,570M, up 20.0%; EBITDA was ¥44,876M, up 10.9%.

• Ordinary profit increased 8.4% to ¥43,069M; comprehensive income rose 31.3% to ¥31,912M.

Outlook and guidance

• FY3/2027 forecast unchanged: sales ¥229,800M (+18.4%), operating profit ¥89,500M (+15.0%), ordinary profit ¥90,200M (+13.7%) and parent-attributable profit ¥63,800M (+16.8%).

• Full-year gross profit forecast is ¥178,600M (+19.0%) at a 77.7% margin; operating margin forecast is 38.9%, down 1.2 points YoY.

• 2H priorities include beginning-of-year character marketing initiatives and year-end shopping-season opportunities; management retained guidance despite 2H risks.