SCREEN Holdings (7735) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 12.5% YoY to ¥308,453 million; operating income rose 17.4% to ¥54,523 million and profit attributable to owners of parent rose 18.2% to ¥37,656 million.

• Record-high orders and SPE-led growth supported results; demand was backed by memory and increased sales to North America and Korea.

Financial highlights

• Gross profit was ¥114,745 million versus ¥101,903 million YoY; SG&A was ¥60,222 million versus ¥55,448 million.

• Ordinary income rose 19.5% YoY to ¥55,977 million; comprehensive income rose 36.6% to ¥50,497 million.

• 2Q net sales were ¥186.6 billion and operating income ¥40.1 billion, versus ¥121.7 billion and ¥14.3 billion in 1Q.

• H1 sales were ¥8.6 billion below plan, mainly due to installation timing; operating income was ¥1.5 billion below plan.

Outlook and guidance

• FY2027 forecasts remain unchanged: net sales ¥743.0 billion, operating income ¥156.5 billion, ordinary income ¥156.5 billion and net income attributable to owners of parent ¥115.0 billion.

• H2 forecast: net sales ¥434.6 billion and operating income ¥102.0 billion; SPE sales are forecast at ¥368.7 billion and operating income at ¥101.5 billion.

• SPE sales are expected to rise in H2, particularly in foundry and NAND; Q4 is expected to be slightly higher than Q3, with an estimated split close to 60:40.

• Annual dividend forecast is ¥183 per share post-split, comprising ¥60 interim and ¥123 year-end; outlook is unchanged.

• Forecast assumes USD/JPY 150 and EUR/JPY 175 from Q3 onward; FT sales guidance fell ¥1 billion to ¥42 billion and operating income is forecast at ¥1 billion.